The Daily Flight🦉

• Markets Rebound As Recession Odds Continue To Fall

  Bitcoin looks to hold $105K as $SPX jumps to highest prices in months

• Federal Reserve Shows Little Interest in Cutting Rates

  The odds of zero rate cuts in 2025 reaches 28% as Fed says there’s “no hurry”

• M2 Money Supply Records New All-Time High

  Dollars continue to be printed in the U.S. as M2 Money Supply hits $21.86T

• U.S. Dollar Index Falls Roughly 9% Since Start of Year

  $DXY looks to reverse downtrend as U.S. Dollar shows weakening power

• U.S. & China Hope To Finalize Trade Deal

  Donald Trump & Xi Jinping will hold talks on Friday to discuss current tariffs

• South Korea Elects Pro-Bitcoin President

  Lee Jae-myung wins SK election with promises to work on crypto regulation

• Elon Musk Voices Displease With Trump’s New Spending Bill

  Musk calls the bill “pork-filled” and that “Congress is making America bankrupt”

• Ukraine Continues Battle With Russia

  Ukraine claims to have destroyed a bridge in Russia that connects to Crimea

• Investors Show Decreasing Confidence in Longterm U.S. Treasuries

  30-Year Treasury Yields have now flipped 20-Year Yields for first time in 4 years

• Global Stocks Close in on New Highs

  Stocks around the world are seeing record strength as they near February highs

• Brazil Looks To Strike Trade Deal With The U.S.

  President of Brazil comes forward & says he’s ready to negotiate with the U.S.

• U.S. Senator Pushes For Cancelation of Debt Owed To China

  Senator Graham says China “should be paying us” amid proposal to cancel debt

• Vietnam Currency Hits Record Low Against USD

  Compared to the U.S. Dollar, the Vietnam Dong has hit it’s lowest value ever

• Dutch Government Falls Apart Over Migration Policy

  Netherlands face growing issues as Geert Wilders’ party leaves government

• Truth Social Files For Spot Bitcoin ETF

  Trump’s company has now filed to list a Truth Social Bitcoin ETF on the NYSE

• Pump Fun To Raise $1B Through Upcoming Token Sale

  The leading memecoin launchpad brings back ICOs with valuation of $4B FDV

• Trump Family Shuts Down Reports of New Crypto Wallet

  Magic Eden announces new $TRUMP wallet but Trump’s sons say it’s not real

• Circle Raises IPO Offering Amid Increased Interest

  USDC stablecoin provider will look to raise $896M with a new valuation of $7.2B

• Public Company Classover Raises $500M To Build Solana Treasury

  Classover Holdings completes their raise with 80% going towards buying SOL

• SharpLink Becomes Largest ETH Holder of Public Companies

  Joe Lubin joins as Chairman of the Board as SharpLink completes $425M raise

• Ethereum Shows Strength Following Update From Foundation

  EF introduces ‘Protocol’ with new focus on scaling & increased user experience

• Paradigm Looks To Use Central Liquidity Across Multiple Stablecoins

  Orbital gets introduced as a new AMM for pools of 2 or more stablecoins

• Ethereum ETFs See Inflows While Bitcoin ETFs See Outflows

  BTC ETFs recorded -$267M of net flows yesterday as ETH ETFs had +$78M

• Hyperliquid Eyes New Highs Amid Upcoming Binance U.S. Listing

  $HYPE reaches $38B FDV after Binance shares upcoming listing in the U.S.

• Blackrock’s $IBIT Joins Top ETFs With a Fraction of The Lifetime

  Blackrock’s Bitcoin ETF is now the 23rd largest ETF in under a year and a half

• Solana Partners With Dubai’s Virtual Asset Regulatory Authority

  Solana signs MOU with VARA to explore relationship around crypto & regulators

• The Blockchain Group Announce Purchase of 624 Bitcoin

  The public company brings holdings to 1,471 BTC with recent $60M purchase

• SEC Commissioner Says Experienced Banks Can Offer Crypto Custody

  Peirce says a goal of removing SAB121 is to allow banks to offer crypto services

• Solana Tops All Chains in Revenue For 8th Month in a Row

  Solana records over $120M in May network revenue with Tron next at $58M

• Vibes & Azuki Share More Previews For Upcoming Trading Cards

  New spoilers are out for the 2nd set of the Pudgy TCG & Azuki’s 1st edition set

• Yuga Introduces Glyph For ApeChain Onboarding

  Yuga looks to simplify onboarding experience with latest integration of Glyph

• More Americans Now Own Bitcoin Over Gold

  Data shows 50M Americans now own Bitcoin compared to 37M holding Gold

• U.S. Congressman Fails To Disclose Bitcoin Purchases

  Brandon Gill bought up to $850K Bitcoin leading up to news of a U.S. Reserve

• California Assembly Passes Bill To Accept Crypto Payments

  The legislation will now move to the Senate after passing Assembly vote 68-0

• Kraken Launches Brokerage For Institutional Investors

  Kraken Prime will be a full-service brokerage with trading, custody, & financing

• Gondi Completes New Type of Tokenized Loan

  A wallet has borrowed 4,000 USDC by using 40B $REKT tokens as collateral

• Consensys Announces Acquisition of Web3Auth

  Parent company of MetaMask finalized new deal with goal of easier onboarding

• Ripple Stablecoin Lands Approval For Use in Dubai

  RLUSD lands token approval in Dubai as Ripple expands payment integrations

• Coinbase Data Leak Traced To Bribes in India

  An initial breach occurred in January after an incident with outsourced workers

• Tether Reveals Latest Strategic Investment

  Tether announces newest investment into Chilean crypto exchange OrionX

• Kazakhstan Launches Pilot Program For Crypto Cards

  Crypto Cards will allow users to make fiat payments through their digital wallets

• SolarBank Announce Bitcoin Treasury Plans

  The American energy company shares plan to adopt a Strategic Bitcoin Reserve

• Strike Announces Upgrades To Bitcoin-Backed Loans

  Strike users can now use BTC to borrow up to $1B with rates starting at 9.5%

• Rekt Drinks See Another Instant Sell Out

  Web3 drinks brand sells 180K cans in 17 minutes during recent OpenSea mint

• Sonic Expands $S Airdrop To Include U.S.

  $S becomes one of the first projects to legally allow U.S. participants to claim

• Important Economic Data Gets Released Over Coming Weeks

  Key data will be shared throughout June involving inflation, employment, & more

• Trump Airdrops NFTs To Attendees of Memecoin Dinner

  3 separate NFTs have been sent out for different achievements around $TRUMP

• Claynosaurz Wrap Up Secondary NFT Mint on Sui

  Claynosaurz sell almost 100K Popkins Packs as refunds & reveal happens soon

• BONK Introduces Official Game on Browser & Mobile

  BONK Arena goes live with chances to win more than $10K over next 30 days

• Yeet Opens Discord & Shares Upcoming Community Events

  Numerous events take place throughout the week as Yeet discord is now open

• $GRIND Shares Tokenomics With Reminder To Partner Communities

  Over 20 communities have less then 24 hours to join discord and verify roles

• Neura Releases Upgradeable Androids on Abstract

  Neura holds mint on June 11th for custom AI Agents that create their own art

• Time.fun Introduces Season 1 of Points Campaign

  The first points distribution has gone out as users can now view their allocations

• The Plooshies Open Digital Playground on Abstract

  Season 3 rewards go live as Plooshy Island’s now playable in the Abstract portal

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