Odaily Planet Daily News According to Lookonchain monitoring, as the price of PUMP continues to fall, Machi Big Brother Huang Licheng (@machibigbrother) has lost more than $1.5 million on PUMP spot and more than $3.9 million on contracts. However, he continues to increase his PUMP long position.

According to Foresight News, Circle has launched Circle Gateway, a new tool designed to provide instant cross-chain access to a unified USDC balance. This feature is currently available on the testnets of Avalanche, Base, and Ethereum, with a mainnet version expected to be released soon. Circle plans to expand this functionality to additional blockchain networks. Circle Gateway allows users to view and utilize their USDC balances instantly.

Binance Blog published a new article, announcing the appointment of Binance CEO Richard Teng to the Advisory Board of the Digital Chamber, the world’s largest blockchain and digital asset trade association. This move underscores the Chamber’s dedication to uniting prominent figures from finance, regulation, and technology to foster the responsible growth and adoption of digital assets. Richard Teng's extensive experience in global finance and regulation is expected to significantly contribute to the Chamber’s mission of shaping balanced, pro-growth regulatory frameworks as the digital asset industry evolves. Richard Teng, as the Chief Executive Officer of the world’s largest cryptocurrency exchange, brings a wealth of knowledge from his previous senior roles at the Abu Dhabi Global Market and the Monetary Authority of Singapore. His appointment is seen as a strategic step towards advancing the Chamber’s goals. Richard expressed his commitment to the shared mission of driving pro-innovation policies that enhance inclusive participation in the digital asset economy. He emphasized the critical responsibility industry leaders have in advancing the sector and protecting investor interests. Richard is eager to collaborate with fellow board members to make a meaningful impact as the industry matures and global regulatory frameworks become more constructive. Joining Richard on the Advisory Board are notable figures such as Lilya Tessler of Sidley Austin LLP, Jonathan Steinberg of WisdomTree, Caitlin Long of Custodia Bank, Sergey Nazarov of Chainlink, and Rachel Anderika of Anchorage Digital. Their combined expertise in legal, financial, and technological fields is expected to bolster the Chamber’s capacity to drive innovation and collaboration across the sector. Cody Carbone, Chief Executive Officer of The Digital Chamber, expressed honor in welcoming these visionary leaders, highlighting their unparalleled insight and experience in shaping the future of digital assets, promoting sound regulation, and advancing blockchain innovation globally. Richard Teng’s appointment aligns with Binance’s ongoing commitment to thoughtful leadership and collaboration within the digital asset ecosystem. Binance aims to guide the responsible growth and adoption of digital assets by continuously cooperating with regulators to combat financial crime globally and by advancing blockchain education. This strategic alignment reflects Binance’s dedication to fostering a secure and innovative digital asset environment, ensuring that the industry progresses in a responsible and inclusive manner.

Odaily Planet Daily News: Fogo, a Layer 1 blockchain founded by former Wall Street executives, announced on Tuesday that its public beta network is officially online. Fogo aims to introduce the execution speed of traditional finance into the field of decentralized finance without sacrificing decentralization and composability. The team said that the Fogo network can achieve a 40-millisecond block time and provide unique advantages for on-chain trading products through native infrastructure and vertical integration. Other innovations include reducing MEV risks, co-location node architecture for real-time transaction execution, and improved session-based account management experience. Fogo plans to be the first to fully deploy the Firedancer validator client. It currently uses the Frankendancer hybrid client and will gradually transition to Firedancer. (The Block)

JPMorgan Chase is exploring crypto-backed loans using Bitcoin and Ether, signaling a major shift toward institutional adoption of digital assets. <p>The post JPMorgan May Let You Borrow Cash With Bitcoin and Ether by 2026 first appeared on Ecoinimist. </p> source: https://ecoinimist.com/2025/07/22/jpmorgan-eyes-crypto-backed-loans/?utm_source=rss&utm_medium=rss&utm_campaign=jpmorgan-eyes-crypto-backed-loans

Joseph Lubin backed SharpLink Gaming, Inc. (Nasdaq: SBET), the world’s largest corporate holder of Ethereum reported a major expansion in its crypto treasury holdings for the week of July 14 to July 20, 2025. The company’s ETH balance rose to 360,807 ETH, reflecting a 29% increase from the previous week source: https://cryptonews.com/news/sharplinks-eth-holdings-reach-360807-with-567-eth-earned-from-staking/

Odaily Planet Daily News: Goldman Sachs expects the Federal Reserve to keep interest rates unchanged next week and begin cutting rates in the remaining three meetings in 2025 as the slowing job market puts pressure on policymakers. Private sector hiring is currently close to "stagnant speed" and there is a risk of a further slowdown; at the same time, consumer spending has stagnated for six consecutive months, which is extremely rare outside of a recession. Goldman Sachs also expects the Federal Reserve to cut interest rates twice more in early 2026. (Jinshi)

PNC partners with Coinbase to offer clients crypto trading and custody as more banks dip toes in the digital asset economy. source: https://www.theblock.co/post/363836/pnc-deal-coinbase-crypto-bank-customers?utm_source=rss&utm_medium=rss

According to Odaily, Deutsche Bank analyst George Saravelos has highlighted potential downward pressure on the U.S. dollar as Americans bear the brunt of tariff costs. Saravelos noted that if foreign entities were absorbing these costs, their sales prices should decrease, a trend that has not been widely observed. Despite controlled inflation in the U.S., it is importers rather than consumers who are primarily shouldering the tariff expenses. Saravelos stated, "Since the tariff costs are mainly borne by the U.S., this becomes another negative factor for the dollar."

According to BlockBeats, Goldman Sachs anticipates that the Federal Reserve will maintain current interest rates in the upcoming week. The financial institution expects the Fed to begin reducing rates during the remaining three meetings of 2025, driven by pressures from a slowing job market. Private sector hiring is nearing a 'standstill pace,' posing a risk of further deceleration. Additionally, consumer spending has stagnated for six consecutive months, a situation rarely seen outside of a recession. Goldman Sachs also forecasts two additional rate cuts by the Federal Reserve in early 2026.

Trillioner’s recent price spike to $91.34 is notable but raises concerns due to its low trading volume and unverified partnerships. The project's potential for market manipulation and questionable social media engagement suggest that its long-term stability may be uncertain.