The Daily Flight🦉

• Markets Pull Back As Iran-Israel War Intensifies

  Prices quickly as stocks lose momentum and Bitcoin touches $104K

• Iran Threatens Major Attack As U.S. Considers Involvement

  Iran issues frightening statement as new reports suggest the U.S. will join war

• U.S. Retail Sales Fall As Consumers Lighten Spending

  Retail spending came in under estimates as many blame rising costs from tariffs

• Elon Musk Plans To Raise $4.3B For xAI

  xAI will use equity financing to raise additional funds to support their AI initiative

• Global Banks Show Increasing Rate Cuts

  Central banks cut interest rates 15 times in May for highest number in 2025

• U.S. Progresses With Global Trade Deals

  The U.S. is reportedly close to finalizing trade deals with Germany & the E.U.

• OpenAi Wins $200M Defense Contract With U.S.

  OpenAi will now work with the U.S. Department of Defense to leverage AI tech

• Federal Reserve Prepares For FOMC Tomorrow

  The U.S. Fed will meet tomorrow to discuss monetary policy and rate cuts

• Housing Market Index Hits Lowest Level Since 2022

  Homebuilder sentiment reaches local lows as U.S. housing market struggles

• JPMorgan Plans To Test New Stablecoin on Base

  The banking giant will initially test their stablecoin JPMD on the Base network

• Coinbase Looks For U.S. Approval on Tokenized Stocks

  Coinbase has asked the SEC for permission to offer tokenized stock trading

• U.S. Senate Passes Vote on GENIUS Stablecoin Act

  Stablecoin legislation has reached enough votes to pass through the Senate

• WIF Deployer Launches New Token

  $PAWSE goes live on Bullpen as platform faces backlash over selling taxes

• Capital Gains on Crypto Becomes Tax Free in Thailand

  Thailand approves new tax exemption on capital gains from crypto until 2029

• Eigen Labs Launches EigenCloud With $70M Raise

  EigenCloud looks to build verifiable trust with a platform for apps, services, & AI

• OpenSea Adds Ability To Purchase NFTs With Debit & Credit Cards

  OpenSea partners with MoonPay to allow users to buy NFTs using fiat checkout

• Hyperliquid Becomes Latest Sought After Treasury Asset

  Another public company revealed plans to buy $HYPE as Eyenovia raises $50M

• Ethereum Breaks New Record For Staked ETH

  Over 35M $ETH is now staked to account for nearly 29% of circulating supply

• DDC Announces $528M in Funding To Buy Bitcoin

  NYSE-listed company shares new $528M raise to fund their Bitcoin Treasury

• Ondo Finance Announces Global Markets Alliance

  Ondo brings several of the industry’s top name to help bring stocks onchain

• U.S. Treasury Secretary Predicts Major Growth From Stablecoins

  Scott Bessent says stablecoins could reach a $3.7T market within the decade

• Vibes TCG Expands Team With New Marketing Lead

  Jeremy joins OCG to help build Vibes as the team behind the Pudgy TCG grows

• Brazil’s Bitcoin Reserve Bill Passes First Round of Voting

  Brazil’s new bill would allocate up to 5% of foreign exchange reserves to Bitcoin

• Fold Raises $250M For Bitcoin Purchases

  Fold Holdings lands $250M from equity financing to grow its Bitcoin Treasury

• Liquid Staking Protocol Experiences $27M Exploit

  Meta Pool user freely mints 9,700 mpETH as low liquidity prevents major losses

• Chinese Online Shopping Platform Look To Integrate Stablecoins

  JD plans to apply for global stablecoin licenses to cut down on transaction costs

• CoinDesk & Aave Introduce Overnight Rates

  CDOR supports stablecoin money markets by offering transparent lending rates

• Ubyx Raises $10M For A Stablecoin Clearing & Settlement Network

  Ubyx hopes to expand stablecoin use with backing by Galaxy, Coinbase, & more

• Pump Fun Restores X Account After Platform Crackdown

  Questions arise as several memecoin-associated accounts get suspended on X

• Web3 Gaming Continues To See Companies Go Out of Business

  Over the last 6 months, over 20 different Web3 gaming projects have shut down

• Kraken’s Layer 2 Blockchain Announces $INK Foundation

  Ink Foundation shares plans around $INK with a total supply of 1 billion tokens

• Binance U.S. Opens Deposits on Fartcoin

  Fartcoin will go live for trading on Binance U.S. starting June 18th at 7am EST

• Pudgy Penguin’s New Children’s Book Now Available For Pre-Orders

  Worst Birthday Gift Ever can be bought at Target, Walmart, or Barnes & Noble

• Vibes TCG To Host Event in NYC

  Vibes teams up with Pudgy NYC to host a game night on June 24th 5-8pm EST

• Pengu Clash Launches Tomorrow

  Pudgy Penguins new Telegram-based game is set to go live tomorrow June 18th

• Myriad Markets Prepares To Wrap Up Season 1

  Prediction market on Abstract tells users Season 1 Points may be ending soon

• Doodles Instantly Sell Out Sticker Packs on Telegram

  Doodles mark fastest sellout on Telegram with 3,333 sticker packs officially sold

• Black Mirror Experience Welcomes 0N1 Force Community

  The official Black Mirror token has partnered with 0N1 Force for future rewards

• Kraken Adds DOG Rune To Listings Roadmap

  $DOG gets added to Kraken’s roadmap as an upcoming listing for Bitcoin Runes

• Nansen Introduces Season 1 of Points Program

  Nansen users can now gain points by subscribing, staking, referrals and more

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