The Daily Flight🦉

• Markets Have Eventful Day Following PPI Reports

  Bitcoin falls from $124K to $118K as U.S. stocks continue to remain near ATHs

• PPI Inflation Comes in Well Over Expectations

  Producer prices rose 3.3% in July as MoM inflation hits highest since 2022

• UnitedHealth Comes Back To Life After Investment F Warren Buffet

  $UNH jumps back over $300 per share after stock lost billions amid fraud case

• Leverage Trading Sees Record Activity

  Total AUM of leverage ETPs reach $119B as traders look to take on more risk

• Homeowner Households Drop For First Time in 9 Years

  The number of homeowners are falling as the U.S. housing market gets worse

• Liquidations Hit Crypto As Prices Begin To Pullback

  The total crypto market cap dropped $100B in value as Bitcoin falls under $118K

• Citi Bank Looks To Offer Crypto Services

  Citigroup says they now plan to offer custody services & more for crypto assets

• Treasury Secretary Says U.S. Won’t Buy Bitcoin

  Scott Bessent says the U.S. will hold previously seized BTC but won’t be buying

• Ether Rock #26 Sells For 135 ETH ($600K)

  A digital rock on Ethereum has now sold for over $600K as NFTs remain hot

• SEC Chair Plans To Speak on Project Crypto

  Paul Atkins will speak tomorrow about the SEC’s latest stance on crypto

• David Bailey & Nakamoto Finalize Bitcoin Treasury

  Nakamoto completes merger as company now has $740M to buy Bitcoin

• Dinari Announces Plans To Launch L1 Blockchain

  The tokenization firm will build around U.S. equities with new L1 on AVAX

• SEC Delays Decision on Multiple Solana ETFs

  The SEC pushes back their deadline for Bitwise & 21 Shares to October 16th

• ETH ETFs Mark Second Biggest Day on Record

  ETH continues to see big inflows with $729M yesterday & nearly $3B in 5 days

• Hyperliquid Hits New All-Time High in Fees Generated

  The DEX recently passed Circle in daily revenue with over $7M in trading fees

• ETH Unstaking Queues Continue To Soar

  Over $3B of ETH is now waiting to be unstaked with withdrawals taking 12 days

• Former Pump Fun Developer Pleads Guilty To Fraud

  Jarett Dunn now awaits sentencing after abusing position and stealing $2M

• Estonian Banker Shares Story of Losing $1B in ETH

  Rain Lõhmus says he’s lost access to an ETH wallet containing 250,000 ETH

• Moonbirds Introduce Newest Team Members

  Moonbirds drop video highlighting new team following recent NFT acquisition

• Yeet Looks To Reward Community With Upcoming Airdrop

  Yeet says 40%+ of their upcoming airdrop will now be going to the community

• Art Blocks Release Latest Generative NFT Collection

  LIFT auction is now live as the choices of the collectors will determine the NFT

• Wallchain Introduces Personal Mindshare Leaderboards

  Users can now claim their leaderboards to see where their mindshare stacks up

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