The Daily Flight🦉

• Markets Continue To Pull Back As Bitcoin Falls Under $110,000

  Stocks & crypto slide lower as markets fall further off recent all-time highs

• US Revises Q2 GDP Growth To 3.8%

  US economy beats Q2 expectations with fastest GDP growth in almost 2 years

• Trump Announce New Wave of Tariffs

  Pharmaceuticals, trucking, & household furniture all see 25%-100% tariffs

• Initial Jobless Claims Come in Under Expectations

  US employment sees relief as jobless claims fall to lowest level in two months

• Home Affordability Worsens With Big Changes Over Last Five Years

  Home prices would now need to drop 38% in order to return to 2019 levels

• October Rate Cuts Fall Into Question As Odds Begin To Fall

  Polymarket shows a 17% chance of no October cuts amid new jobs & GDP data

• Crypto Markets Lose $170B in 24 Hours

  ETH dips under $4K & SOL falls below $200 as total crypto market cap shrinks

• Cloudflare Announces Stablecoin Launch

  The global connection network announces NET Dollar as their new stablecoin

• REX-Osprey Launches First ETH Staking ETF

  $ESK will be the first Ethereum staking ETF in the US after latest listing

• US Government Shows Concerns Over DATs & Insider Trading

  The SEC & FINRA are now looking into crypto treasuries with insider trading

• Crypto Sees $1.15B in 24-Hour Liquidations

  Over $1B of leverage longs get wiped out as crypto prices quickly fall lower

• Naver Acquires Upbit in New Share Swap Deal

  “South Korea’s Google” has now acquired the country’s leading crypto exchange

• XPL Launches With Presale Participants Heavily Rewarded

  Plasma mainnet goes live as XPL token peaks around $14B FDV on first day

• Gate Exchange Announces New Layer 2 Chain

  The crypto exchange will launch Gate Layer with $GT as the native gas token

• Bitwise Files For Hyperliquid ETF

  HYPE sees increased institutional demand with latest SEC filing from Bitwise

• Circle Considers Reversible USDC Transactions To Address Fraud

  The stablecoin provider is now exploring the idea of reversible transactions

• BlackRock Files For Bitcoin Premium Income ETF

  The financial giant has submitted a new filing for a covered call Bitcoin ETF

• South Park Mentions Polymarket & Kalshi in Latest Episode

  Prediction markets remain at the center of attention amid new SP episode

• World Liberty Financial To Use Liquidity Fees For Buyback and Burns

  WLFI approves proposal with 100% of fees going toward reducing token supply

• Cosmic Moonbird Sells For $100,000

  A rare Moonbird was sold for 27.9 ETH as the collection leads weekly volume

• Aster Continues To Dominate in Perp Volume

  Aster sees $36B in 24-hour perp volume to surpass Hyperliquid by over 3x

• SharpLink Gaming Looks To Tokenize $SBET Stock

  The ETH treasury will become the first public company to put stock on Ethereum

• European Banks Look To Release Joint Stablecoin

  Nine banks form a new company to launch a a MiCA-compliant stablecoin

• Moonbirds IP Gets Registered on Story Protocol

  Users can now use the IP to expand AI game creation and customizable merch

• NFTStrategy Reveals Seven New Projects Starting This Friday

  The new token/NFT strategy now makes its way to Squiggles, Goblins, & more

• Azuki Announces New Anime Series Coming To Anime.com

  Anime.com will host free weekly watch parties for the new series GINTAMA

• World Liberty Financial Gets Added To Robinhood Trading

  Robinhood users can now buy and sell $WLFI tokens directly in the app

• Fantasy Football Arrives on Avalanche 

  Leagues.fun begins to make waves as onchain Fantasy Football is coming soon

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