The Daily Flight🦉

• Bitcoin Sees A Slight Bounce As Overall Markets See Another Down Day

  Bitcoin touches $114K as most of crypto and stocks pull back or remain flat

• Odds of October Rate Cuts Jump Over 90%

  Markets are pricing in October rate cuts as FedWatch Tool reaches 94%

• Gold Reaches Most Overbought Level in 45 Years

  The RSI on gold has seen it’s highest level since 1980 amid historic uptrend

• Institutions & Retail Investors See Lowest Cash Allocations in Years

  Portfolio cash allocations continue to fall as traders go all-in on current market

• US Housing Market Sees 35% More Sellers Than Buyers

  Over 1.9M homes were for sale in August as current supply outweighs demand

• Job Listings Drop To Lowest Level Since 2021

  Job openings on Indeed fell 8% YoY in September to mimic pandemic levels

• Senate To Hold Hearing on Digital Asset Taxation

  The Senate Panel will meet on October 1st to discuss taxes on digital assets

• Sam Bankman-Fried Makes New Post on X

  SBF’s account makes first post in months as the FTX founder remains in prison

• Elizabeth Warren Looks To Investigate Trump Family Over Crypto Deals

  The Democratic senator is now asking for a formal investigation of the Trumps

• Franklin Templeton Brings Tokenized Money Market Fund To BNB Chain

  Benji Technology Platform is now on BNB to expand FT’s money market fund

• Polymarket Introduces Yield on Open Positions

  Users can now earn 4% yield on open positions for select prediction markets

• Tom Lee Makes Year-End Predictions For Bitcoin & Ethereum

  BitMine Chairman now expects BTC to reach $250K with $ETH at $12K by 2026

• Aster Flips Circle in Daily Revenue & More Than Triples Hyperliquid

  The new DEX has reached $9M+ in daily revenue to surpass several big names

• Crypto ETFs See Consecutive Days of Outflows

  Bitcoin & Ethereum ETFs both see continued outflows amid falling prices

• Hyperliquid Launches New USDH Stablecoin

  USDH is now live on Hyperliquid after Native Markets wins latest validator vote

• Trust Wallet Partners With Aster For Perps Trading

  Trust Wallet implements perp trading with up to 100x leverage powered by Aster

• Rekt Brands Announces $100K Buyback of $REKT

  Rekt Brands purchases an additional 181B $REKT to bring holdings over $1.6M

• Coinbase CEO Predicts Bitcoin To Hit $1M

  Brian Armstrong says he thinks Bitcoin can reach up to $1M by the year 2030

• Flare Network Launches FXRP For DeFi Activities

  FAssets will let non-smart contract tokens like XRP be used for DeFi protocols

• Plasma Prepares For Tomorrow’s Launch of $XPL & Mainnet Beta

  The highly anticipated token & mainnet will go live September 25th at 8am EST

• Rekt Drinks Introduces Upcoming Energy Line

  Rekt Energy gets previewed in a new post with product line coming soon

• MetaMask Doubles Down on Upcoming Token Launch

  Excitement builds as MM says there’s now a 100% chance they launch a token

• Coinbase To List Stablecoins Tied To Australia & Singapore Dollars

  $AUDD & $XSGD will be listed for trading on Coinbase starting September 29th

• Myriad Markets Tease Upcoming Token

  The prediction market on Abstract shares new post with a blurred out token

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