The Daily Flight🦉

• Crypto Markets Chop While Stocks Refuse To Slow Down

  Bitcoin hangs out slightly under $120K as the S&P 500 marks yet another ATH

• U.S. M2 Money Supply Breaks Record Highs

  M2 money supply jumped 4.5% YoY in June as it marks a new high over $22T

• Manufacturing Employment Declines For 4th Consecutive Month

  Manufacturing jobs are down 82,000 on the year, hitting historic payroll lows

• Trump Meets With Jerome Powell Amid Calls For Lower Rates

  Fed Chair stays under fire as Commerce Secretary Lutnick calls for resignation

• UnitedHealth Plunges 5% Amid DOJ Probe Into Medicare Billing

  UnitedHealth stock drops as DOJ investigates its Medicare billing practices

• Kalshi & xAI Team Up To Intetrage Grok Into Prediction Markets
  xAI and Kalshi announce new partnership with AI analysis on prediction markets

• BitMine Reveals Over $2B in ETH Holdings

  BitMine accelerates recent ETH buys as the company now holds 566,776 ETH

• KeyBank Announces Upcoming Crypto Custody & Trading

  3.5M clients at the major bank will soon be able to buy and hold crypto assets

• U.S. Senate Releases Drafted Bill on Crypto Market Structure

  Further crypto legislation is coming soon as the Senate shares latest drafts

• GameSquare Acquires CryptoPunk #5577

  The ETH Treasury company has bought a CryptoPunk for over $5M in shares

• TON Foundation Partners With Kingsway Capital To Boost TON Treasury

  The two companies will look to raise $400M to use TON as a treasury asset

• Strategy Increases Preferred Stock Offering

  Strategy has raised their Stretch preferred stock offering from $500M to $2B

• Bank of America Says Industry is Ready For Stablecoins
  BoA say banks are now preparing to integrate stablecoins with optimistic views

• Ghana Moves to Regulate $3B Crypto Market

  Ghana drafts crypto regulations to attract investment and capture new revenue

• EtherRock #59 Fetches $300K in Latest NFT Collectors’ Splash

  An NFT of a rock has officially sold for 300,000 USDC as NFT season heats up

• ETH ETFs Celebrate One-Year Anniversary With Strong Inflows

  After one year since inception, total ETH ETFs have seen $8.69B of net inflows

• DoodlesTeam Announces Several Departures

  Several core team members have now left Doodles to focus on a new venture

• Japan’s Quantum Solutions Bets Big: Aiming for 3,000 BTC

  Tokyo-listed AI firm Quantum Solutions plans to accumulate up to 3,000 BTC

• Opinions.fun Launches CT Prediction Markets With Tokenized Trading

  Opinions fun launches tradable markets with tokenized Agree/Disagree bets

• Dormant Bitcoin Whale Awakens After 14 Years

  A wallet holding $470M worth of BTC shows first activity since January 2011

• World Liberty Financial Partners With Vaulta After $6M Token Buy

  World Liberty & Vaulta look to expand web3 banking with the new partnership

• Moonbirds CEO Teases Something on Monday

  Spencer makes new post saying “Monday.” as community excitement grows

• PUMP Token Falls Below $3B FDV Amid Delayed Airdrop Plans

  Presale buyers are now down 25% from ICO as PUMP drops to $1B MC

• Vibes Shows Off PSA Promo Card At SanDiego Comic Con

  Graded submission at SCDD will receive an PSA promo with new arctic foiling

• Azuki Partners With OpenSea For Tokenized Shorts

  Azuki opens First Edition mint for tokenized versions of their anime shorts

• BONK Burns 500B Tokens Worth Nearly $17M

  The Solana token has completed a major burn, reducing the supply by 500B

• Rekt Drinks Get Set To Release Liquid Gold on July 30th

  The web3 drinks brand has partnered with Binance U.S. for the upcoming drop

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