The Daily Flight🦉

• Crypto Markets Resurge After Short-Lived Pullback

  Markets remain hot as ETH breaks through $3,400 and Solana back over $170

• Trump Denies Reports of Plans To Fire Fed Chair

  Reports say Trump drafted a letter to fire Powell as the President denies claims

• Producer Inflation Begins To Cool Off

  PPI came in under expectations at 2.3% as costs for producers begin to improve

• Federal Reserve Looks To Hold Off on Rate Cuts

  A Federal Reserve official has said the U.S. will be waiting to cut rates for now

• Gold Prices Jump Amid U.S. Economic Uncertainty

  Gold is back on the rise as prices continue to hang out right under all-time highs

• Crypto Legislation Heads To Final Vote in The U.S. House

  GENIUS Act, Clarity Act, & Anti-CBDC Act progress after failing yesterday’s vote

• U.S. Marshals Disclose $3.4B in Bitcoin Holdings

  The government agency revealed ~29K BTC with more likely held elsewhere

• Memecoins Shine With Big Gains From Almost All Top Leaders

  Memes go green across the board led by BONK doubling to $3B in just 11 days

• Bank of American Looks To Launch Their Own Stablecoin

  BoA CEO says the company is now exploring the idea of launching a stablecoin

• Snoop Dogg Releases New Song on Telegram Gifts

  Gifts in now available on Spotify as the popular rapper promotes latest NFTs

• Coinbase Introduces Base App

  Coinbase Wallet rebrands to Base App with ability to create, earn, chat, & more

• Windtree Therapeutics Announces $200M BNB Treasury

  The Nasdaq-listed company will become the first to offer direct BNB exposure

• PayPal Co-Founder Takes Major Stake in Ethereum Treasury Company

  Peter Thiel has disclosed he now owns 9% of Tom Lee’s Bitmine Immersion

• Market Share of Crypto Exchanges Remain With Top 4

  Q2 reports show Binance, OKX, Bybit, & Bitget make up over 73% of the market

• Crypto ETFs Mark Over A Week of Consecutive Inflows

  Both BTC & ETH ETFs have now recorded 8 straight days of positive inflows

• Crypto Holdings May Soon Be Considered For Mortgage Applications

  A new bill would require lenders to consider crypto holdings during applications

• Pudgy Penguins Soar With Big Sales During Marketing Masterclass

  Pudgy sees big sales for over $100K as over 100 brands rock Penguin PFPs

• BigOne Exchange Gets Hacked For $27M

  A crypto exchange’s hot wallet was compromised leading to a loss of $27M

• Stock Traders Turn To Crypto Treasury Companies

  SBET doubles in under a week as traders pile into the ETH reserve company

• Onchain Activity Heats Up With Fresh Tokenized Liquidity

  The Tether Treasury has recently minted $2B worth of stablecoins on Ethereum

• World Liberty Financial Sees Unanimous Approval For Trading Proposal

  A vote to make WLFI token tradable has now ended with over 99% approval

• Plasma Public Sale Opens Tomorrow

  Testnet is now live as public sale begins tomorrow for the stablecoin-focused L1

• Chimpers Open Pre-Orders For Blind Box Plush Keychains

  Users can now purchase randomized Chimper Plush Keychains for $29.99

• Doodles Build Speculation With New X Account

  Doodles Up gets found on X as a portal is loading within the Doodles ecosystem

• Sonic Labs Previews Announcement Coming Tomorrow

  The Layer 1 EVM blockchain says “an industry shift is coming” on July 17th

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