The Daily Flight🦉

• Stocks & Crypto Chop Following Recent Pullbacks

  Bitcoin sits around $115K as the S&P 500 looks to maintain multi-year uptrend

• Markets Begin To Price In Odds of September Rate Cuts

  CME shows 89% of September rate cuts as Goldman Sachs agrees with odds

• U.S. Housing Market Shows Record Gap Between Buyers & Sellers

  Sellers now outnumber buyers by over 500,000 to mark the largest gap ever

• Trump Says Four People Are Being Considered For New Fed Chair

  A replacement for Fed Chair is in the works as Trump prepares for Powell’s exit

• U.S. Consumer Spending Continues To Fall

  Consumers struggle as the U.S. saw its biggest decline in spending since 2020

• SEC Makes New Statements on Liquid Staking Activities

  The SEC clears the air & says liquid staking doesn’t involve the sale of securities

• Crypto ETFs See Major Outflows

  ETH ETFs recently recorded their largest daily outflows ever with over $460M

• Ape CryptoPunk Sells For $2.6M

  A rare Punk recently sold for 720 ETH as digital collectibles maintain strength

• Rumors Circulate of a Potential Metamask Stablecoin

  Reports emerge around Metamask USD as a new token issued through Stripe

• CEA Industries Completes $500M Raise For BNB Treasury

  The public company will use funds to purchase BNB with backing from YZI Labs

• Hyperliquid Expands Market Dominance

  Recent data shows Hyperliquid now accounts for 35% of all onchain revenue

• SharpLink Gaming Reveals Updated ETH Holdings

  SBET adds another $265M last week to bring total holdings over 520,000 ETH

• Galaxy Considers Launching Tokenized Stock

  Galaxy partners with RWA platform to explore tokenizing their own $GLXY stock

• Base Releases Report on Brief Downtime

  Base experienced a 33-minute outage after the chain stopped producing blocks

• SEC Offers Accounting Guidance on Stablecoin Classifications

  New SEC guidance says some stablecoins can be considered cash equivalents

• White House Threatens To Fine Anti-Crypto Banks

  An executive order is in the works to fine banks that discriminate against crypto

• CZ Looks To Dismiss $1.8B FTX Lawsuit

  The former Binance CEO says the court lacks jurisdiction in FTX clawback case

• BounceBit Partners With Franklin Templeton For Tokenized Treasury Yield

  BounceBit introduces BB Prime that combines basis trading with tokenized yield

• Coinbase & PayPal Continue To Offer Stablecoin Yield Amid Recent Ban

  The two maintain rewards as GENIUS Act bans yield from stablecoin issuers

• MoonPay Introduces Virtual Accounts With Automatic Onchain Yield

  MoonPay partners with Axal to replace banks with new Virtual accounts

• PayPal Integrates Crypto Purchases in Canada

  PayPal users in Canada can now buy and sell crypto with the help of Coinbase

• Moonbird Holders Get Rewarded With $TOWNS Airdrop

  Eligible Moonbird holders see big claims as $TOWNS now sit near $600M FDV

• Vibes TCG Shares Behind The Scenes Look At Company Origins

  Vibes releases 4-minute video showing how things started & recent events

• Robinhood List Several Popular Memecoins

  PENGU, BONK, & PNUT are now all available to trade on the Robinhood app

• Vibes TCG Announces New Pre-Orders For Legend of the Lils

  Vibes partners with Sports Cards Direct for Set 2 pre-orders & a limited promo

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