The Daily Flight🦉

• Crypto Gives Back Recent Gains As Prices Fall Back Down

  Bitcoin touches under $112K as stocks and crypto extend pullback from ATHs

• U.S. & European Union Agree To New Trade Deal

  The U.S. imposes 15% tariffs & announces $750B investment deal with the E.U.

• Odds of September Rate Cuts Continue To Fall

  Fed Member Hammack goes against September cuts as odds drop to 73%

• Federal Reserve Sees Decline in Lending Activity

  Reverse Repos hit a 4-year low as total amount falls from $2T to now $20-$30B

• Japan’s Bond Yields Hits Highest Level in 25 Years

  Japan’s 20-Year Yield hits 2.64% as investors sell off government treasuries

• Kanye West Launches $YZY

  Kanye drops his own token as $YZY quickly reaches billions and falls back down

• MetaMask Prepares To Launch Stablecoin on Ethereum & Linea

  mUSD goes live later this year as MetaMask plans for their own stablecoin

• CFTC & DOJ Look To Advance U.S. Crypto Sector With New Initiatives

  CFTC launches ‘Crypto Sprint Initiative’ as DOJ backs off decentralized creators

• State Street Partners With J.P. Morgan For Blockchain-Based Debt

  State Street will now offer custody for debt securities issued on the blockchain

• Singapore’s Top Bank Launches Tokenized Notes on Ethereum

  DBS will now issue tokenized structured notes that are linked to crypto assets

• OpenSea Announces Ability To Buy NFTs with Different Tokens

  OS expands features as users can now buy NFTs with PENGU, REKT, & more

• Crypto User Gets Scammed For $91M Bitcoin

  ZachXBT shares story of an investor losing 783 BTC through social engineering

• TRM Labs Introduces New Chain To Combat Crime in Crypto

  The Beacon Network will allow verified members to track & freeze stolen crypto

• Hong Kong’s Ming Shing Group Plans To Buy 4,250 Bitcoin

  The construction company will look to buy $483M BTC in latest acquisition

• New Token Launchpad Marks $1M in Daily Revenue

  Heaven reaches over $1M in daily revenue and puts 100% to $LIGHT buybacks

• Vibes TCG Lands Individual Card Listings on Star City Games

  Vibes: Enter The Huddle singles can now be purchased on the SCG website

• Kaito Adds New Feature Around Moonbirds Profile Pictures

  Moonbird’s Kaito leaderboard now rewards NFT holders & Moonbirds PFPs

• Azuki Introduces Drink Vending Machine in Japan

  Azuki teams up with Cheerio for limited edition energy drinks in 7 different cans

• Vibes Reveals Nyan Cat Card For Legend of the Lils

  Vibes shows first non-penguin card as a special edition from the Nyan Cat artist

• Camp Foundation Releases Airdrop Eligibility Checker

  Users have until August 25th to register for the upcoming $CAMP airdrop

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