The Daily Flight🦉

• August PPI Inflation Comes In Below Expectations  

  PPI inflation falls to 2.6%, marking the 2nd negative MoM drop since 2024

• Larry Ellison Becomes World's Richest Person At $400 Billion 

  Oracle founder gains $107 billion as stock surges following new OpenAI deal

• US Consumer Sentiment Weakens To Near 2008 Lows 

  Index falls to 58.6, driven by inflation worries among Americans

• China Gold Holdings Rise For 10th Consecutive Month 

  Central bank adds 60,000 troy ounces, reaching total holdings of $254B

• US Treasury Repurchases $2 Billion In Debt Buybacks 

  Total government debt buybacks exceed $10 billion over past four weeks

• 30-Year Mortgage Rate Hits Lowest Level Since October 

  Home loan rates decline to most affordable levels in months

• SEC Chair Clears Pathway For Onchain Capital Raises  

  Paul Atkins says the SEC will end legal scrutiny to enable fundraising onchain

• Binance Partners With $1.6T Franklin Templeton 

  Exchange teams with asset manager to build tailored digital asset initiatives

• Senate Democrats Unveil Crypto Reform Framework 

  Twelve senators signal bipartisan readiness for crypto market structure bill

• Linea Token Goes Live With Airdrop Campaign 

  Layer 2 network launches native token with claim portal for eligible users

• QMMM Holdings Plans $100M Crypto Treasury Strategy 

  Hong Kong firm targets Bitcoin, Ethereum, Solana and blockchain AI expansion

• India Resists Full Crypto Framework Over Systemic Risks 

  Government document shows favor for partial oversight instead of regulation

• VanEck Plans For HYPE Staking ETF in The US 

  The asset manager reveals new staking product for US market & European ETP

• LayerZero Introduces OVault Multi-Chain Solution 

  New product enables deposits and redemptions across 140+ chains in one click

• Pump.fun Buys Back 6.11% of Circulating PUMP Supply 

  Platform spends $84M in token buybacks to go along with new creator rewards

• SEC Delays Staking for BlackRock Ethereum ETF 

  Regulatory agency postpones staking feature for latest ETH ETF product

• Massive $750K NFT Loan Executed on Gondi Platform 

  Year-long loan at 22% APR secured by Lost Robbies and Skull of Luci NFTs

• Polygon Network Faces 10-15 Minute Finality Delays 

  Polygon fixes bug after milestone issue causes temporary network delays

• CyberKongz Apologize For KONG Claim Issues

  KONG claims go south as website traffic prevents users from claiming tokens

• Pudgy Penguins Appear on Apple TV 

  Pudgy gains mainstream exposure through popular streaming series placement

• Vibes TCG Sees Prices Skyrocket Amid Set 2 Release

  Vibes takes over the TCG space as 1st Edition boxes see sales for $500+

• OpenSea Partners With Coinbase One For Enhanced Rewards 

  Subscribers get five percent boost and surprise shipments starting Sept 15

• Monad Blockchain Sets 100 Billion Token Supply 

  Network founder announces total initial supply for Monad native gas tokens

• Rekt Drinks Launches Moon Crush Collaboration With MoonPay

  New Moon Crush drink offers DRANK Points with every case purchase

• Magic Eden Introduces SparkPad For Bitcoin Token Launches 

  New platform enables token creation on BTC L2 coming soon to Magic Eden

• World Liberty Financial Unveils Project Wings On Solana 

  USD1 pairs now available for trading on Bonk and Raydium Launchpads

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