📢Macro

⚫️NASDAQ: $18.3k (-2%)

⚫️Gold: $2400 (0%)

⚫️Producer Price Index (PPI) exceeds expectations, causing US futures to drop

⚫️#Tesla falls 8% due to robotaxis delay

⚫️Yen rebounds following suspected intervention

⚫️S&P 500 labeled 'most overbought' since late 2023

- S&P 500 still trades at 17.7x earnings

⚫️US spends $140bn on debt interest in June

⚫️EU accuses X of deceptive use of blue checks

⚫️X developing a 'dislike' button

⚫️AI chips need to generate $600m to cover CAPEX

💰 Crypto

⚫️BITCOIN: $57.6k (-1%)

⚫️ETHERIUM: $3100 (-1%)

⚫️SOLANA: $138 (-4%)

⚫️Top Gainers: XRP, TRX, XLM, MKR

⚫️BTC ETF inflows: +$79m

⚫️#BTC and stocks show negative correlation recoupling

⚫️German state still holds $300m BTC for sale

⚫️Genesis sells $760m BTC in the past month

⚫️ETFs experience five consecutive days of inflows

⚫️Stablecoin market cap reaches cycle high

⚫️ETH ETF inflows estimated to reach $5-10bn in 2024

⚫️Over $100bn ETH now staked

⚫️House fails to override Biden's crypto veto

⚫️Supreme Court limits SEC's power in crypto

⚫️SEC drops BUSD lawsuit, citing error

⚫️Crypto trading volume projected to exceed $108T in 2024

⚫️Coinbase faces criticism over Gensler's email request

⚫️Nearly $2bn crypto options expire today

⚫️Scaramucci's SkyBridge restricts client exits

⚫️Compound CEO and CTO resign to launch new project

⚫️SquareSpace DNS attack impacts crypto projects

🌟 Web3 & NFT

⚫️Hot coins: MOB, BRO, FML, #BARRON

⚫️Hot NFTs: Frogana, Mocaverse, Milady, Retardio

⚫️BLUR price drops as MachiBigBrother liquidates

⚫️CRV, ENS, PEOPLE slated for Coinbase perpetual listing

⚫️MOCA launches with $1.1bn valuation, eyes UPbit listing

⚫️MOG unveils app to 'MOG' any photo

⚫️PORTAL introduces Portal Play feature

⚫️Andreessen donates $50k to AI agent, plans memecoin launch

⚫️Sorare to kick off season with $15m cash prize pool

⚫️FRIEND decline raises concerns over tokenomics

#7052 #dailynews