The Daily Flight🦉

• Markets Cool Off As Bitcoin Falls Back To $116K

  Bitcoin and the S&P 500 retrace on the day after both reach new all-time highs

• U.S. Inflation Comes in Above Expectations

  CPI increases for the second month in a row after inflation comes in at 2.7%

• Nvidia Soars To New Highs After Company Resume Sales To China

  The world’s most valuable company continues to grow as $NVDA hits $4.2T MC

• Odds For September Rate Cuts Drop To 50% Chance

  U.S. rate cuts grow further away as next opportunity now shows a 50% chance

• China Injects $700B of Liquidity Into The Economy

  Chinese continues to print large amounts of money with another major increase

• Trump Announces Trade Deal With Indonesia

  The U.S. makes progress on negotiations with new trade details coming soon

• Japan’s Economy Sees Worsening Conditions

  Treasury yields in Japan are at record highs with bonds down 45% in 6 years

• U.S. Dollar Index Sees Brief Recovery

  DXY has traded green for 8 straight days after dropping over 10% since January

• Historic Crypto Legislation Fails To Pass U.S. House

  Three major crypto bills fall short today as lawmakers focus on banning CBDCs

• Pump Fun Begins Massive Token Buybacks

  Pump Fun team loads up fresh wallet and spends $14M on PUMP buybacks

• Standard Chartered Becomes First Global Bank To Offer Crypto Trading

  The banking giant will now offer their clients trading on Bitcoin and Ethereum

• Cantor Fitzgerald Looks To Close $4B SPAC Deal

  A SPAC backed by Cantor will partner with Adam Back to buy over 30,000 BTC

• Crypto ETFs Continue To See Strong Inflows

  ETH ETFs hit $259M in inflows yesterday to mark $1B+ over the last 4 days

• Polymarket Escape Investigation From DOJ

  The U.S. has cleared Polymarket of any wrong doing over election interference

• Bitcoin Wallet Holding $9B Begins To Sell Holdings

  40,009 BTC has been sent to Galaxy Digital with $700M then sent to exchanges

• Wasabi Launches Leverage Trading on Tokenized Stocks

  Users can trade onchain stocks like TSLA, SPY, & NVDA with up to 3x leverage

• Coinbase Hits New All-Time High Amid Recent Milestone

  COIN hits $100B market cap as Bitcoin-backed loans cross $1B in collateral

• Trump Wishes Everyone A Happy Crypto Week

  The President shares a new post highlighting the U.S. and their crypto adoption

• JPMorgan Plans To Integrate Stablecoins

  Jamie Dimon say the company will expand on their deposit coin & stablecoins

• Satoshi Nakamoto’s Bitcoin Holdings Surpass $130B

  The anonymous creator would be the richest person on earth if BTC hits $370K

• Core Foundation Introduces Revenue Share For Stablecoin Developers

  The protocol will aim to reward developers through user-generated gas fees

• U.K. Looks To Explore Tokenization & Distributed Ledger Technology

  The government will test out things such as stablecoins as part of new strategy

• Kamino Integrates Tokenized Stocks As Loan Collateral

  Users can now use tokenized stocks like SPY, MSTR, & more as loan collateral

• 🚨Star City Games Opens Pre-Orders For Vibes: Legend of the Lils🚨

  Vibes TCG partners with SCG to offer their 2nd set with an exclusive promo card

• Pump Fun Traders Await Potential Airdrop

  Questions linger as Pump Fun stays quiet around potential airdrop to traders

• Flare Networks Open Waitlist For XRP Staking Platform

  Firelight will offer institutional-grade staking for XRP with signs up now live

• Fantasy Top Begins New Chapter on Base

  Fantasy v3 is now on Base with a redesigned free-to-play game now available

• Pudgy Penguins Tease Collab With Suplay Inc

  Pudgy reveals new partnership with one of China’s top collectible companies

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