The Daily Flight🦉

• Financial Markets See Volatile Reaction To Latest Fed Meeting

  Markets see brief dip as Federal Reserve shares new updates on the economy

• U.S. Keeps Interest Rates Unchanged

  Rates remain at 4.25% - 4.50% in July as September odds look like a coin flip

• Trump Announces Trade Deals With Several Countries

  Trump puts heavy tariffs on India & Brazil as South Korea strikes a new deal

• U.S. Economy Beats Q2 Growth Estimates

  U.S. GDP grew 3% in Q2 after seeing a rare contraction in Q1 earlier this year

• Traders Go Risk On With Record Amounts of Leveraged Bets

  Leveraged ETFs hit $139B in AUM as traders look to capitalize on recent swings

• U.S. Dollar Index Rises To Highest Level in Months

  The DXY has rebounded strong off its recent lows with 5 green days in a row

• Copper Prices Plummet As New Tariffs Get Revealed

  Copper falls over 11% as new tariffs cause volatility across financial markets

• Foreign Investors Now Hold Record Amounts of U.S. Equities

  Investors outside the U.S. now hold 18% of all U.S. equities to mark a new high

• Coinbase Partners With JPMorgan Chase To Expand Crypto Adoption

  Coinbase users will soon be able to purchase crypto with Chase credit cards

• White House Releases Policy Report on Digital Assets

  Trump administration shares 166 page report highlighting digital asset policy

• Invesco Galaxy Files For Spot Solana ETF

  More Solana ETF filings are hitting the SEC as approval odds continue to rise

• Ethereum Celebrate 10-Year Anniversary

  Ethereum turns 10 years olds today as Consensys rings the Nasdaq closing bell

• FG Nexus Introduces $200M ETH Treasury

  More companies shift focus to ETH as FG Nexus reveals new $200M raise

• Moonbirds See Biggest NFT Sale in Years

  NFTs stay hot as a Cosmic Moonbird was recently bought for 19.99 ETH ($75K)

• Indonesia Increases Taxes on Crypto Transactions

  Indonesia hikes crypto taxes as of Aug. 1st with higher rates for overseas trades

• New SEC Listing Standards Gets Proposed To Advance Crypto ETFs

  CBOE submits new filing that would streamline ETF approvals for crypto assets

• Turkey’s Largest Ride Platform To Invest in Crypto Assets

  Turkey’s version of Uber says 20% of cash reserves will be used to buy crypto

• Polygon Experiences Network Outage

  Polygon was down for roughly an hour today after competing a recent hard fork

• Lotte Group Launches Blockchain Ecosystem on Aptos

  Major South Korean company joins Aptos to bring mobile vouchers onchain

• Crypto ETFs Maintain Net Inflows As Ethereum Outperforms

  ETH ETFs maintain 18-day inflow streak as ETH leads BTC in weekly ETF flows

• Hong Kong Looks To ID All Stablecoin Holders

  All holders of stablecoins in HK will initially need to have their identity verified

• Robinhood Shows Strong Q2 Crypto Data

  Robinhood show increased demand for crypto as Q2 revenue jumps 98%

• U.S. Treasury Secretary Release Hype Video on Crypto

  Scott Bessent shares new video with caption saying “Crypto, Welcome Home”

• Popular Streamer Rocks BAYC Merch

  One of biggest streamer on earth, Kai Cenat was recently seen wearing BAYC

• Vibes TCG Opens Registrations For $2K Tournament in Orlando

  Vibes will be celebrating the launch of Set 2 with a tournament on August 31st

• Hyperliquid Announces Refunds Amid API Outage

  The DEX will now refund users who had trades affected from yesterday’s issue

• Rekt Drinks Sells 80,000 Cans in Three Minutes

  Rekt continues to see massive demand as Binance collab sells out in minutes

• Otherside Launches First Public Community Built Game

  Bathroom Blitz is now live in Otherside as users have two weeks to play

• Towns Gets Added To Binance Alpha Amid $46M Raise

  Towns Protocol gets ready for TGE as team announces total raise & new listing

• Kaito AI Announces Several Updates To Leaderboard Process

  The social platform looks to remove spam as a new reward system gets tested

• Moonit Prepares For Potential Launch Tomorrow

  The latest product from Memeland says tomorrow will change the trenches

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