The Daily Flight🦉

• Risk Assets Bounce As Stocks & Crypto See Nice Recoveries

  ETH looks to reclaim $4,600 as the S&P 500 jumps back near all-time highs

• Trump Considers Using Tariff Revenue For Dividend To Americans

  The President says citizens may receive a dividend from the new tariff revenue

• U.K. Sees Highest Bond Yields Since 1998

  The U.K. faces less demand for government bonds as yields hit a 27-year high

• Average Age of First-Time Home Buyers Hits New High

  The average age of someone buying their first house has reached 38 years old

• Trump Looks To Gain Control of The Fed Board

  If Lisa Cook is in fact fired, Trump-elected governors will control the Fed board

• ETF Products Surpass Number of Stocks For First Time Ever

  ETFs continue to gain traction as there’re now more ETFs than individual stocks

• Investment Funds Begins To Run Low on Excess Cash

  U.S. mutual funds are almost fully invested as only 1.4% of total assets are cash

• U.S Government Plans To Put Economic Data Onchain

  U.S. Commerce Secretary says data such as GDP will be put on the blockchain

• Metamask Introduces Social Logins

  Users can now create wallets by signing up & signing in with emails or Apple ID

• Trump Media & Crypto.com Teams Up For $CRO Treasury

  CRO surges after Trump Media joins Crypto.com & Yorkville in $6.42B treasury

• Kindly MD Announces $5B Offering To Buy Bitcoin

  The company will offer ATM equity of up to $5B to fund their Bitcoin treasury

• Crypto ETFs Return With Consistent Inflows

  ETH ETFs see $440M of net inflows on Monday with over $1B in last three days

• Trump Family Makes Investment Into Polymarket

  1789 Capital announce backing for Polymarket as Trump Jr joins advisory team

• Bitwise Submits Filing For Chainlink ETF

  Bitwise files S-1 with the SEC for an ETF providing regulated exposure to $LINK

• Webull Reopens Crypto Trading in The U.S.

  U.S. Webull users can trade crypto again after services were removed in 2023

• Canary Files For TRUMP Coin ETF

  TRUMP memecoin sees 3rd ETF filing as Canary is latest to apply with the SEC

• SharpLink Gaming Buys $252M ETH

  SBET adds another 56,533 ETH to their holdings with treasury now worth $3.7B

• Gemini Passes Coinbase in IOS App Store Rankings

  Gemini flips Coinbase on IOS store as co-founder reveals he doesn’t use app

• Former Sothebys CEO Buys Rare Doodles NFT

  Tad Smith recently purchased the Doodles rainbow pickle for 30 ETH ($105K)

• Hyperliquid Volume Surpasses Robinhood For Third Straight Month

  Hyperliquid saw $330B of July trading volume with 39% more than Robinhood

• Hyperliquid Increase Token Buybacks To 99% of Platform Fees

  Hyperliquid reduces HPL fee share to 1% as 99% of fees go to buying $HYPE

• DYLI Opens Redemptions For Legend of the Lils

  Users who pre-ordered Set 2 booster boxes can now redeem for shipping

• Pudgy Penguins Reveal NASCAR Branding for Labor Day Weekend

  Hyak Motorsports shows off new Pudgy-themed car for NASCAR Cup Series

• Play Solana Confirms Shipping Date For Gaming Console

  The first gaming console powered by Solana is planned to ship September 6th

• Pudgy Penguins Release Collectible Cards Across Japan

  Collectible photo cards are now sold in 7-Eleven, Familymart, Lawson, & more

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