The Daily Flight🦉

• Markets Pullback After Recent Attempt To Push Higher

  Crypto majors fall 3-6% today as the S&P 500 sees a red day after latest ATH

• Consumer Sentiment Falls To Three-Month Low

  Michigan’s Consumer Sentiment Index drops 14% YoY as inflation-fears remain

• Canada’s Economy Shrinks As GDP Declines

  U.S. trade war pushes Canada closer to a recession as country GDP falls 1.6%

• U.S. Money Supply Reaches $22T

  The M2 money supply jumped nearly 5% YoY in July to a new record high

• July PCE Inflation Comes in Around Expectations

  PCE inflation increases to 2.6% as number remains well above current targets

• Gold & Silver Surge Towards All-Time Highs

  Silver hits highest price in 14 years as Gold breaks out with record highs in sight

• Binance Briefly Suspends Perp Trading

  Bitcoin falls to $108K as the world’s largest crypto exchange halts perp trading

• U.S. Senate Looks To Introduce New Crypto Market Structure Bill

  The Senate Banking Committee is now aiming for September 30th as a deadline

• BTC ETF Inflows Surpass ETH ETFs For First Time in Weeks

  BTC ETFs outpace ETH with $178M vs $39M inflows, first time since August 7

• Tron Votes To Cut Network Fees

  Tron passes proposal to reduce network fees by 60% to remain competitive

• Gucci Begins Accepting Crypto Payments

  Select Gucci stores are now accepting ETH, DOGE , & more as new payments

• Caliber Announces Strategic LINK Treasury

  Arizona real estate firm to launch $LINK treasury as $CWD shares soar 60%

• Bitcoin Wallet Holding $5B Continues To Shift Holdings

  After recently selling 24,000 BTC, the wallet has moved another $1B to buy ETH

• Traders Extend Record Amount of Shorts on ETH

  Traders continue to bet against ETH as short trades reach highest on record

• Eric Trump Predicts Bitcoin To Hit $1M

  The President’s son makes new comments saying “no question” BTC hits $1M

• OpenSea Adds Support For Hyperliquid

  OpenSea users can now trader NFTs and tokens on the Hyperliquid blockchain

• Tether Looks To Expand USDT To Bitcoin

  Tether hopes to expand stablecoin adoption on Bitcoin with expansion of USDT

• Vibes: Legend of the Lils Celebrates Official Release

  Vibes shows off new Orange Core Paper as their 2nd set officially debuts

• Pudgy Party Goes Live on IOS & Google Play Store

  Pudgy Penguins new mobile racing game can now be downloaded and played

• World Liberty Financial Teases Expansion To Solana

  USD1 stablecoin meets capital markets as WLFI says details are coming soon

• Doodles Announce Kaito Leaderboard Coming Next Week

  Doodles join Kaito next Thursday as the latest brand to reward social content

• Bags App Introduces New Social Logins

  New token launchpad lets users make accounts using Tiktok, Kick, and Github

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