News & Research

U.S. President Donald Trump asked House Republicans if he should fire Fed Chair Jerome Powell, with some voicing support and Trump implying he may proceed, CBS reported. The move, legally untested, comes amid Trump’s frustration over high interest rates and Powell’s pace in cutting them.

Onchain Lens reported on X that Hyperliquid whale “AguilaTrades” has closed its 20x BTC short position and opened a 20x BTC long position, holding 4,000 BTC valued at $475 million, with a floating profit of $2.85 million.

Nasdaq-listed biotech company Windtree Therapeutics signed a $60 million deal with Build and Build Corp, with potential to raise up to $200 million, to launch a BNB-focused crypto treasury strategy, according to Business Insider. Pending approval, Windtree would become the first Nasdaq-listed company offering direct exposure to BNB.

The CEO of Goldman Sachs said tokenization presents opportunities, especially in the field of financing, according to JinSe Finance.

Iurii Gugnin, a Russian national, was indicted on 22 counts for allegedly laundering $530 million through his crypto firms Evita Investments and Evita Pay, according to Cointelegraph. He used fake documents to help sanctioned Russian clients bypass U.S. restrictions, deceive banks and acquire sensitive U.S. technology. Gugnin faces up to 30 years per charge.

Cathie Wood's ARK Invest sold 225,742 shares of its Bitcoin ETF (ARKB) for $8.7 million on July 16, marking its largest sale since a stock split in mid-June. According to Cointelegraph, the sale follows a 3-for-1 split, which adjusted the ETF's share price.

Ethereum (ETH) climbed above $3,170 for the first time since February, with open interest in ETH futures hitting a record $46.6 billion, according to Cointelegraph citing CoinGlass data. Rising network fees and strong institutional demand are fueling optimism, with analysts projecting a potential cycle top between $15,000 and $30,000.

U.S. stock markets opened higher today. S&P500: +0.17% NASDAQ: +0.05% Dow: +0.29%

Former PayPal blockchain head José Fernández da Ponte has joined the Stellar Development Foundation as president and chief growth officer (CGO), according to CoinDesk. Jason Karsh, former executive at Block and Blockchain.com, also joins as chief marketing officer.

Infinity Ground, a decentralized AI agent project, announced on X that crypto market maker DWF Labs has joined as a strategic investor. The partnership aims to expand its AI-native ecosystem, enhance agent infrastructure, boost global AI adoption and increase liquidity to support the next generation of applications.