The Daily Flight🦉

• Markets Retrace As Bitcoin Falls Below $120,000

  Prices remain volatile as risk assets continue to pullback after recent highs

• Nvidia Reaches $4.75T Market Cap

  $NVDA surges as Nvidia extends lead as most valuable company in the world

• Global Debt Rises To New High of $337T

  Global debt increased by $14T in Q2 as Debt-to-GDP ratio now sits at 324%

• US Dollar Bounces As Fear & Greed Index Hits Recent Lows

  DXY saw gains today as the Stock Market F&G index fell to a 5-month low

• Silver Breaks All-Time Highs Over $50

  Silver makes history as price jumps to record highs after a 14-year rebound

• US Looks To Support Argentina’s Economy With $20B Currency Swap

  The US will trade $20B for pesos in an effort to revive Argentina’s economy

• Luxembourg Puts 1% of Sovereign Wealth Fund Into Bitcoin ETFs

  Luxembourg becomes the first state level fund in the EU to invest in Bitcoin

• Coinbase and Mastercard Explore Stablecoin Acquisitions

  The companies have both held talks to buy the stablecoin startup BVNK for $2B

• Bybit Becomes First Fully Licensed Crypto Exchange in The UAE

  Bybit expands into the UAE as first to offer regulated trading on digital assets

• BNB Memecoins Plummet After Recent Spike in Attention

  Most tokens on BNB see major losses as ecosystem quickly loses momentum

• State Street Predicts Institutions To Increase Crypto Investments

  The $5T asset manager says 60% of investors plan to increase crypto holdings

• Vibe Strategy Gets Introduced As Ecosystem Token For GVC

  Good Vibes Club reveals ecosystem token with promise to buy 69 ETH worth

• Crypto ETFs Extend Streak of Daily Inflows

  BTC & ETH ETFs remain strong as both see eight straight days of net inflows

• US Senator Looks To Remove Taxes on Small Bitcoin Transactions

  Cynthia Lummis shows off new bill aiming to make BTC transactions tax-free

• Roger Ver Reaches $48M Settlement With The DOJ

  “Bitcoin Jesus” will pay a fine of $48M to settle his case on tax evasion & fraud

• Ethereum Staking Queues See Large Upticks in Wait Times

  Entry queues reach highest level in two years as exit queues jump to 42 days

• Deutsche Bank Expects Bitcoin & Gold To Become Core Reserve Assets

  The banking giant says the fall of the dollar has opened the door for BTC & gold

• Square Introduces Wallet Solution For Bitcoin Payments

  Jack Dorsey & Square reveal new solution to allow businesses to accept BTC

• Trading Firms Show Negative Outlook on Digital Asset Treasuries

  Kerrisdale Capital has announced a short on $BMNR noting the falling premium

• Monad Opens Claims Portal on October 14th

  The long-awaited $MON claims will take place next Tuesday, October 14th

• Doodles Partner With Universal Horror For Halloween Release

  Doodles enter spooky season with a new major partnership coming this month

• Vibes Reveals Exclusive NYCC Promo Card

  Vibes TCG heads to New York Comic Con with a new limited-edition promo

• Art Blocks Open Auction For Final Release of Curated Series

  Bidding for Quine is now open as Art Blocks Curated begins it’s final auction

• Azuki Begins To Roll Out Alpha Decks For New TCG

  Stores in SoCal see limited supplies with pre-order redemptions coming soon

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