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...
blockchain
Vertex Bids Farewell to Arbitrum and Migrates to Ink in Search of Better Conditions
TL;DR Vertex will shut down its DEX on Arbitrum and migrate its infrastructure to Ink, a Layer 2 network backed by Kraken, eliminating its VRTX...
Bitcoin Enters a Summer Calm Phase with Low Volumes and Strong Institutional Demand
TL;DR Bitcoin hovers around $110,000 as spot and futures volumes fall to one-year lows, signaling a possible seasonal pause. BTC options implied volatility drops to...
DappRadar: NFT Prices Fall but Sales Rise
TL;DR DappRadar reported a 45% drop in NFT trading volume in the second quarter, while sales rose 78%. OpenSea led activity with a 156% increase...
Aptos Surpasses $30 Billion in USDT and Eyes a Recovery with Its Africa Partnership
TL;DR Aptos surpassed $30 billion in native USDT transactions and now records 1.1 million monthly active addresses on its network. The partnership with Yellow Card...
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 366%...
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 Adecoagro’s...
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 the...
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 Stacks’...
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 trial...