July, 2025

July, 2025

Eigen Labs lays off 25% of workforce to focus on EigenCloud: report
Eigen Labs CEO Sreeram Kannan said the team plans to shift its focus to the newly launched EigenCloud platform....

Polygon Heimdall v2 upgrade set for July 10 aims to cut finality to 5 seconds and address technical debt
Polygon is set to implement the Heimdall v2 upgrade on July 10, described as the most complex hard fork since Polygon PoS launched....

GameSquare shares surge 60% after board approves $100 million Ethereum treasury initiative
GameSquare announced a public offering of 8.42 million shares to raise $8 million for starting an ETH treasury....

South Korea seeks to grant startup benefits to crypto firms through reclassification
South Korea's startup ministry seeks to allow crypto firms to register as 'venture companies,' which would grant them government benefits....

Two men charged in $650 million global fraud scheme involving foreign exchange trading and crypto
Prosecutors charged two men for their roles in operating a scheme that led to $650 million being stolen and "vanishing" funds into crypto....

What’s next: Crypto ETF ‘floodgates’ poised to open as SEC weighs faster approval framework
Spirits are undoubtedly high that the SEC will greenlight multiple spot crypto ETFs as key stakeholders in the coming months. ...

Pump.fun’s token sale has ‘bad optics’ and now seems in limbo
The Block's Research Director Steven Zheng thinks an airdrop could still be in the works but the token sale was "bad optics."...

SoFi adds investment opportunities for pre-IPO firms such as OpenAI, SpaceX, Epic Games
SoFi joins major finance players Robinhood and Republic in offering retail investors exposure to private companies....

The Daily: Trump’s Truth Social files for ‘Crypto Blue Chip’ ETF, Dubai approves tokenized money market fund in RWA push, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Phantom wallet unveils direct perp trading support, powered by Hyperliquid
Phantom's launch allows users to trade perps directly within the popular web3 wallet, powered by Hyperliquid's API....

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