The Daily Flight🦉

• Crypto Pulls Back While Stocks Continue Higher

  Bitcoin retraces to $115K as the S&P 500 breaks through another all-time high

• Markets Signals More Rate Cuts in October

  FedWatch target rate probabilities now show a 92% chance of October rate cuts

• Trump and Xi to Hold US-China Summits 

  The leaders will meet after a productive call on trade, TikTok, and other issues

• Bank of Japan to Sell $250B Worth of ETFs 

  The BOJ will sell over $2B worth of ETF per year as they unwind holdings

• Companies Plan For Layoffs Amid Surge in AI

  41% of companies now forecast layoffs in the next 5 years due to AI

• Trump Signs Order for $100K Fee on H-1B Visas 

  An executive order has been signed to impose a new annual fee on H-1B visas

• FTX to Distribute $1.6B to Creditors 

  The defunct exchange will pay back creditors $1.6B on September 30th

• MetaMask to Launch In-Wallet Perpetuals Trading 

  The popular crypto wallet will soon offer perpetuals trading via Hyperliquid

• NFTStrategy See Rocky Start With New Launches

  NFT accumulation strategy goes south after contract overpays for NFTs by 3-5x

• BitGo Files To IPO Under $BTGO

  The crypto exchange has recently filed an S-1 showing $4.19B of 2025 revenue

• Flora Growth Announces $401M AI Token Treasury For $0G

  The company will hold $0G as the primary asset with a small portion in $SOL

• US Treasury Moves Closer To Stablecoin Regulation

  GENIUS Act progresses with asset-backing requirements & strict oversight

• Canada Seizes $40M From Unregistered Crypto Exchange

  Canada has largest crypto seizure in history as TradeOgre lacks proper KYC

• X Cracks Down on Crypto Scam Bribery Network 

  X is now taking action after crypto scammers use bribes for account access

• Pirate Nation Faces Backlash Over Wind Down

  The fully onchain game has now been sunset as community voices displeasure

• Rekt Drinks Sells 1 Million Drinks in 11 Months 
  The web3 drinks company sees another sellout with latest Moon Crush collab

• Pump Fun Passes $100M in Token Buybacks

  The token launchpad has now spent 9 figures of revenue on $PUMP buybacks

• $ASTER Continues To Outperform

  The new DEX sees token jump 40% on the day amid rise in attention

• Binance.US Adds Support For $ETH on Abstract

  The exchange will now support deposits and withdrawals for the Layer 2

• Ethereum Plans For Upcoming Network Upgrade

  Ethereum’s Fusaka upgrade is now planned for December 3rd following testing

• Milady Looks To Launch Social Media Network

  RemiliaChat is now in the works along with social achievements for Miladys

• YEET Offers Airdrop Boost for KYC Completion 

  Users can increase their airdrop rewards by completing KYC verification levels

• Wolf Game Bridges To Abstract Ahead of $WOOL Snapshot

  Abstract bridge goes live as Golf Game plans $WOOL snapshot on Sept. 22nd

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