According to Odaily Planet Daily, Nate Geraci, president of The ETF Store, posted on the X platform that the White House is preparing an executive order aimed at punishing banks that discriminate against cryptocurrency companies.

Odaily Planet Daily News Investor and scrap metal processing company owner, billionaire Adam Weitsman said he purchased more than 5,000 NFTs from Yuga Labs, including Otherdeeds, Mega Kodas and Weapon Kodas, to continue expanding his collection. Weitsman said he is making a long-term investment in "Otherside" and promised to "make a series of acquisitions on the public market this year." Weitsman said he hopes his purchase will support Yuga Labs in advancing its metaverse project "Otherside." He wrote: "I have recently seen Yuga Labs refocus and prioritize the development of Otherside. This project is of great significance to the entire field, and I will do my best to help it succeed and benefit everyone." (The Block)

According to Onchain Lens monitoring, two newly created wallets continued to increase their ETH holdings 3 hours ago: Wallet "0x86F" received another 15,000 ETH (worth $55.91 million) from FalconX. The wallet currently holds a total of 39,294 ETH (total value of $146 million). Wallet “0x55C” received 9,968 ETH (worth $37.12 million) from Galaxy Digital.

According to Odaily Planet Daily, crypto wallet Phantom has announced the acquisition of Solsniper, the AI-powered Meme Coin trading platform on the Solana blockchain. Phantom stated, "Solsniper is built for precision and speed, helping traders monitor tokens, track wallets, and react instantly. Phantom is becoming more than just a wallet... As we expand our product line and accelerate our growth, we anticipate further strategic acquisitions. The Solsniper web platform will continue to operate as a standalone service, with additional features and improvements expected in the coming months." (The Block)

Odaily Planet Daily reports that Nevada Democratic Representative Dina Titus sent a letter to Acting CFTC Chair Caroline Pham, requesting an investigation into CFTC Chair nominee Brian Quintenz. Quintenz is awaiting a nomination vote by the Senate Agriculture Committee, a vote that has been canceled twice in the past month, the second time at the request of the White House. Some in the crypto industry have expressed concerns about Quintenz's nomination. Titus noted that his position on the board of directors of prediction market company Kalshi was controversial. Although Quintenz stated that he would resign upon confirmation, questions remain. In addition, experts discovered through a Freedom of Information Act request that one of Quintenz's partners may have requested non-public information from the CFTC regarding the approval process for one or more "designated contract markets" that, if approved, would compete with Kalshi. Earlier this year, Trump nominated Quintenz to lead the CFTC, an agency that plays a key role in cryptocurrency regulation. If elected, Quintenz would join the CFTC, which is currently undergoing a leadership transition. Titus emphasized the public's need for a comprehensive understanding of the agency's involvement in regulating its areas of interest, citing concerns about its failure to comply with ethics and conflict of interest regulations. (The Block)

Goldman Sachs said, "We expect the Fed to cut interest rates by 25 basis points three times starting in September; if the unemployment rate rises further in the next report, a 50 basis point cut is possible." (Jinshi)