The Daily Flight🦉

• Crypto Markets Surge As Bitcoin Reclaims $110,000

  Markets are green across the board as stocks and crypto both gain momentum

• U.S. Economy Plans For Several Key Data Releases

  This week the U.S. shares data on inflation, consumer sentiment, GDP, & more

• U.S. & China Meet in London For Trade Talks

  Officials from both countries met for six hours today as they look to make a deal

• Trump & Elon Appear To Mend Relationship

  $TESLA soars as Trump says he’ll keep his Tesla and that he wishes Elon well

• U.S. Bond Yields Approach Levels From The Global Financial Crisis

  The 30-Year Treasury Yield now sits at 4.97% for its highest level since 2008

• Home Sales in The U.S. Experience Major Shift

  YoY home sales fell 3.1% in April as existing home inventory grew 21% to 1.45M

• Chinese Exports To The U.S. See Largest Drop Since 2020

  Exports from China to the U.S. fell 34% in May for 2nd straight monthly decline

• Credit Card & Auto Loan Delinquencies Hit 14-Year Highs

  Overdue balances on credit cards & auto loans hit highest levels since 2011

• Gold Reaches 23% of Global Reserves

  Gold marks its highest share of global reserves in 30 years as U.S. dollar falls

• Trump Plans To Reveal New Pick For Federal Reserve Chair

  Trump looks to replace Jerome Powell, even though his term lasts until 2026

• Switzerland 5-Year Bond Yield Flips Negative

  Short term bond yields go negative as more investors buy up Swiss bonds

• Orange Cap Games Raises $3.5M to Expand Moonbirds & Vibes TCG

  Spencer & OCG have announced a $3.5M seed round led by 1k(x) & Yuga Labs

• Plasma Instantly Fills $500M Worth of Deposits

  ICOs are back as investors show huge demand for a new stablecoin blockchain

• Nasdaq Files With SEC To Expand Crypto Benchmark

  Nasdaq looks to add XRP, SOL, ADA, & XLM to its benchmark of digital assets

• SEC Chair Defends Right to Self-Custody
  Paul Atkins shares latest comments around vision for crypto and its regulation

• Strategy Reveals Latest Bitcoin Purchase

  Michael Saylor & Strategy have bought another 1,045 BTC for a total of $110M

• Argentina President Gets Cleared in $LIBRA Scandal

  President Milei is cleared of wrong doing for any actions around the memecoin

• Virtuals Protocol Launches on Ethereum

  The AI agent token launchpad is now available on Ethereum, Solana, & Base

• Largest Bank in Germany Explores Stablecoin Launch

  $1.5T Deutsche Bank is now considering the launch of their own stablecoin

• President of Paraguay Has X Account Hacked

  A hack has been confirmed after the account claimed Bitcoin as legal tender

• Bitcoin Transaction Activity Hits 19-Month Low

  The weekly moving average for BTC transactions hits lowest activity since 2023

• ETH ETFs Record 15 Straight Days of Net Inflows

  ETH ETFs see another positive day of inflows with over $830M since May 16th

• The Blockchain Group Looks To Raise $340M For More Bitcoin

  The French company plans to expand their Bitcoin Treasury with the latest raise

• BlackRock’s Bitcoin ETF Breaks Growth Record
  $IBIT becomes the fastest ETF to hit $70B AUM, reaching it in just 341 days

• Several Tokens Find Strength Over The Weekend

  ARENA, Launchcoin, SPX & more see big gains as crypto markets bounce back

• KULR Announces Plans For $300M Bitcoin Treasury

  Another public company is going all-in on Bitcoin as KULR looks to raise $300M

• Crypto Platform Uphold Considers IPO

  IPO season remains active as the crypto company seeks a valuation of $1.5B

• Dubai Completes $399M Worth of Tokenized Real Estate Deals

  In May, over 17% of Dubai’s total real estate transactions took place onchain

• New York Man Charged For Money Laundering Through Crypto Firm

  The man used his crypto firm Evita to allegedly launder $530M from Russia

• Hong Kong & Australia Use Chainlink For Stablecoin Exchange

  The countries used Chainlink to power the exchange of their digital currencies

• DeFi Dot App Sees Backlash Over Updated Vesting Terms

  The project recently decreased user allocations while also adding a 1 year cliff

• Verse World Hits $1B After Pump Fun Launch

  $VERSE sees lots of action as token hits $1.1B MC with over $60M in volume

• More Details Come Out Around Pump Fun’s Token

  Pump Fun plans to give 10% of supply as an airdrop & 25% to the public sale

• Coinbase Introduces Futures Trading on Fartcoin
  Coinbase users can trade perps on Fartcoin starting June 12th at 5:30am EST

• Rekt Coin Opens Season 3 Reward Claims

  Participants have until June 11th to claim their Season 3 $REKT rewards

• Kaito Announces Users Claims For $SKATE

  Social contributors can now claim their token allocations for Skate Chain

• New OpenSea Quest Calls For ApeChain NFTs

  The latest OpenSea Voyage for XP calls for users to buy an NFT on Apechain

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