The Daily Flight🦉

• Markets Chop As Bitcoin Remains Around $109K

  Stocks & crypto majors were slightly red today as global uncertainty lingers

• Consumer Inflation Comes in Below Expectations

  CPI inflation rises 2.4% year-over-year as numbers beat expectations of 2.5%

• U.S. & China Finalize Trade Deal

  A deal has been reached as China gets 10% tariffs while the U.S. sees 55%

• Elon Deletes Tweets & Apologizes To Trump

  $TESLA recovers 22% in under a week as Trump and Elon work things out

• New Reports Suggest Trouble Brewing in The Middle East

  Iran is said to be working on nuclear weapons in preparation for potential war

• Trump Administration Calls For Rate Cuts Following Inflation Data

  U.S. President & VP both issue statements against the Fed to cut rates by 1%

• China Creates $1.5T Fund To Support Real Estate Market

  China will use the funding to lower mortgages in an effort to increase demand

• Stripe Announces Acquisition of Privy

  Stripe branches into the digital wallet space with latest acquisition of Privy

• Moody’s Explores Credit Rating on Solana

  The global credit agency is testing bond ratings with tokenization on Solana

• Bank of America Announces Plans For A Stablecoin

  BoA CEO says they’re developing their own stablecoin with industry partners

• U.S. Senate Moves Forward With Stablecoin Bill

  The final Senate vote on the GENUIS Act will take place as early as Monday

• Pudgy Penguins Announces Partnership With NASCAR

  Pudgy reveals their latest partnership as they bring Pengu to NASCAR racing

• Connecticut Passes Bill To Prevent Crypto Treasuries

  A law has been passed in Connecticut that prohibits a reserve of virtual currency

• Crypto Exchange Bullish Looks To IPO

  The Peter Theil-backed company behind CoinDesk has now filed to go public

• ETH ETFs See Big Day To Maintain Streak of Positive Inflows

  ETH ETFs hit $125M of net inflows yesterday for highest activity in months

• GameStop Announces $1.75B Investment Raise

  Speculation ensues as people think GameStop is preparing to buy more Bitcoin

• Bloomberg Analysts Provide Crypto ETF Approval Odds

  Litecoin & Solana both see 90% approval odds as XRP & DOGE closely follow

• Ondo Finance To Bring U.S. Treasuries To XRP

  Ondo brings short-term Treasuries fund to Ripple with redemption via RLUSD

• Fitness Brand To Build $500M $FET Treasury

  Interactive Strength will spend up to $500M to purchase Fetch.ai tokens (FET)

• Ukraine Introduces Bill To Create Bitcoin Reserve

  A bill has been drafted in Ukraine to allow digital assets in the national reserve

• Evertz Pharma Becomes First German Company To Buy Bitcoin

  The cosmetics brand adds Bitcoin to their balance sheet with $10.8M purchase

• Ethereum Daily Trading Volume Outpaces Bitcoin

  Over the last 24 hours, $110B ETH has been traded compared to $76B BTC

• Polygon Co-Founder Takes Over Polygon Foundation

  Sandeep announces transition to Foundation CEO as Polygon sees changes

• Infinex Launches Trading For Cross-Chain Tokens

  Users can trade Bitcoin, Dogecoin, & XRP with the ability to swap to Solana

• More U.S. Economic Data Releases Tomorrow

  Data on unemployment claims and producer inflation will be shared tomorrow

• Several Tokens To Be Listed on Coinbase Tomorrow

  Fartcoin, PancakeSwap, & Subsquid will all be listed for trading on Coinbase

• Wasabi Introduces Staking For Runes

  Users can now trade & stake $DOG on Wasabi as the first Runes product

• Pudgy Penguins Team up With My Neighbor Alice

  A new experience arrives June 17th as Pudgy previews in-game world with Alice

• Infinex Opens Kaito Claims Tomorrow

  sKAITO will be claimable tomorrow as users will need to link their wallets prior

• Sonic Labs To Launch Season 2 Airdrop on June 18th

  Sonic makes new updates to rewards & prepares for Season 2 drop next week

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