News & Research

The White House will visit the Federal Reserve headquarters on Thursday, according to JinSe Finance. No details were provided regarding the purpose of the visit.

Onchain Lens reported via X that an anonymous whale was liquidated on a PENGU 3x short position, incurring a $13.16 million loss. The whale reopened a smaller 2x short position, bringing its total loss to $10.6 million.

Dogecoin developers proposed a protocol upgrade to add zero-knowledge proof verification and enable interoperability with Ethereum, according to The Block. The proposal aims to expand Dogecoin beyond payments into DeFi, gaming and identity applications while supporting thousands of off-chain transactions via zk-rollups.

The Federal Bureau of Investigation (FBI) has concluded its investigation into Kraken Exchange founder Jesse Powell and returned the devices it seized during a 2023 raid. The raid, linked to a dispute over Powell's involvement in a non-profit he founded, was unrelated to his cryptocurrency operations. The U.S. Justice Department has dropped the case and Powell plans to continue his lawsuit against the non-profit’s board, Fortune Crypto reported.

Ethereum infrastructure developer ConsenSys plans to lay off 49 employees, about 7% of its workforce, to improve profitability, Bloomberg reported, cited by JinSe Finance. The company recently acquired a startup with 30 employees who will stay on, and it continues hiring for other roles.

U.S.-based PNC Bank, with assets totaling $410 billion, has teamed up with Coinbase Exchange to offer cryptocurrency trading services to its customers, according to @cryptounfolded on X.

MetaMask Wallet has partnered with payments provider Transak to integrate native support for Solana, its first outside the Ethereum ecosystem, according to CryptoPotato. Starting July 22, users can buy SOL directly in the app using fiat currency through cards, Apple Pay, Google Pay or bank transfers.

Crypto custody company Fireblocks announced via X institutional access to the Sui Network, offering native custody for SUI and Sui-based tokens. The platform also provides policy control via multi-party computation (MPC) wallets and plans to support staking soon.

A wave of Ethereum (ETH) unstaking with over 350,000 ETH has raised concerns about potential selling pressure after Ethereum’s 160% rally since April, according to BeInCrypto. However, much of the unstaked ETH may be moved to treasuries for long-term strategies rather than sold. At the same time, staking demand remains robust with more ETH queued for staking than unstaking and 35.7 million ETH already staked, suggesting continued confidence in the network.

Decentralized exchange (DEX) PancakeSwap (CAKE) announced via X the launch of its upgraded version, PancakeSwap Infinity, on the Base network. Users can now choose between concentrated or simple liquidity pool types, save up to 50% in gas fees when swapping native Ethereum (ETH) and access smart contract customization features.