Eigen Labs Cuts Workforce and Bets Everything on EigenCloud Development
TL;DR Eigen Labs laid off 25% of its workforce to focus resources on EigenCloud, its new verifiable Web3 services platform. The cuts came shortly after a16z crypto invested…
blockchain
BONK Led the Memecoin Rally and Targets a 100% Surge
TL;DR BONK climbed 9.7%, reaching $0.00001750, its highest value in nearly a month, driven by Bitcoin’s recovery and other catalysts. BONK’s trading volume jumped…
Tether and Adecoagro Will Mine Bitcoin in Brazil Using Renewable Energy
TL;DR Tether signed a deal with Adecoagro to launch a Bitcoin mining operation in Brazil powered entirely by renewable energy. The project will monetize…
Robinhood Develops Its Own Blockchain for RWAs with Military-Grade Security
TL;DR Robinhood is developing its own blockchain with military-grade security, high speed, and low costs, focused on real-world assets. This chain will serve as…
Wormhole Integrates Stacks to Connect Bitcoin with DeFi Applications
TL;DR Wormhole added Stacks to its multichain infrastructure, enabling native transfers of sBTC and STX to Solana and Sui. The integration aims to revive…
Banca Sella Dives into Digital Assets with Stablecoin Custody Pilot
TL;DR Banca Sella has launched a Fireblocks-powered pilot allowing select employees to custody stablecoins, marking one of Europe’s first bank-led stablecoin initiatives. The summer-long…
Crypto, Fraud and Social Engineering: Financial Crime Ring Dismantled
TL;DR The Guardia Civil dismantled a network that defrauded over 5,000 people through fake crypto investments and laundered more than €460 million. The group…
JitoSOL Becomes the First Solana Liquid Staking Token with Bank Custody in the U.S.
TL;DR JitoSOL becomes the first Solana liquid staking token backed by Anchorage Digital, the only federally chartered crypto bank in the U.S. The service…
John Deaton Warns That Wall Street’s Greed Is Driving the Adoption of XRP, ETH, and SOL
TL;DR John Deaton believes Wall Street won’t let Bitcoin monopolize profits and expects growing corporate adoption of XRP, ETH, and SOL. Five companies already…
Strategy Buys $531 Million in Bitcoin, Raising Its Holdings to 597,000 BTC
TL;DR Strategy purchased 4,980 BTC for $531.1 million at an average price of $106,801. While Bitcoin surpassed $108,000 at the end of June. The…
Vitalik Buterin Sells DOG and Ethereum Foundation Moves 9,000 ETH as Market Tension Rises
TL;DR Vitalik Buterin sold 2 trillion DOG tokens for 4.43 ETH and still holds over 400 tokens in his wallet, including WHITE, valued at…