The Daily Flight🦉

• Crypto Extends Losses As Bitcoin Falls Under $100K

  Risk assets sell off as stocks and crypto see market caps quickly shrink

• US Home Sales Show Worst Performance in Decades

  Only 2.8% of US houses were sold in 2025 for worst turnover rate in 30 years

• Auto Repossessions Jump To Highest Level Since 2009

  US consumers struggle to make car payments as repossessions near 1.7M

• Government Shutdown May Lead To Closing US Airports

  The US may begin to close airports as 13,000 workers are currently unpaid

• Odds of December Rate Cuts Fall Under 70%

  Future rate cuts are now up in the air after being over 90% just a week ago

• Crypto Markets See Another Day of Major Liquidations

  $2B in liquidations hit crypto as leverage traders continue to get wiped out

• Stream Finance Reveals $93M in Losses

  Yield platform says an “external fund manger” lost $93M in company funds

• Ethereum Flips Negative on The Year As Price Drops Below $3,200

  ETH plummets as the price is now below where it was on January 1st, 2025

• SOL ETFs Maintain Inflows Amid Falling Prices

  SOL ETFs saw $70M of inflows yesterday as BTC & ETH see further outflows

• Berachain Restarts Chain After Exploited Funds Get Returned

  $12.8M from the Balancer exploit get sent back as Berachain is live again

• Sam Bankman-Fried Appeals 25-Year Prison Sentence

  The FTX founder says he was “presumed guilty” during a wrongful conviction

• Strategy Introduces Latest Perpetual Preferred Stock

  $STRE (“Stream”) get revealed as Strategy’s new Euro-denominated stock

• Chainlink Partners With FTSE Russel To Put Global Index Data Onchain

  The global index provider will now publish its data onchain using Chainlink

• Stable Public Testnet Officially Goes Live

  Developers can start building on Stable to enhance the USDT-focused chain

• Hollywood.com Plans For Entertainment-Based Prediction Market 

  More prediction markets appear as Hollywood.com teams up with Crypto.com

• Pudgy Penguins Partner With Virtuals For Custom AI Videos

  Users can now tag Pudgy & Butler Agent to create AI videos based on X posts

• Sonic Labs Respond To Potential Exploit

  The EVM chain blacklisted several wallets & now plans for a network upgrade

• Pump Fun Partners With MoonPay To Expand Deposit Options

  Users can now onramp crypto to Pump Fun using Apple Pay, Venmo, & more

• Vibes TCG Closes Set 3 Licensing Submissions Tomorrow

  Pudgy Penguin holders have until tomorrow to submit their NFTs for Set 3

• Monad Teases Airdrop Launch Date

  $MON wicks over $11B FDV on pre-market trading as team prepares for TGE

• Art Blocks Tells Users To Make A Profile & Claim Achievements

  Speculation around Art Blocks heats up as team says “Soon. Thank me later”

• ZKsync Proposes New Tokenomics For $ZK

  ZKsync team shares new token proposal to create a value flywheel for $ZK

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