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DeFi shake-up: Lido cuts staff, Curve rethinks L2s

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Two of the decentralized finance (DeFi) sector’s best known platforms, liquid staking protocol Lido and decentralized exchange Curve Finance, are considering slimming down. Despite a recent resurgence in DeFi markets, Lido co-founder Vasiliy Shapovalov announced a 15% cut of contributors, and a fresh Curve governance proposal suggests cutting development on Layer Two (L2) networks. As part of efforts to ensure long-term sustainability, Lido Labs, Lido Ecosystem, and Lido Alliance have made the hard decision to reduce the size of their contributor teams, impacting around 15% of the workforce. This decision was about costs — not performance. It affects… — Vasiliy Shapovalov (@_vshapovalov) August 1, 2025 Read more: DeFi is paying big to accumulate USDC A drop in the ocean  Lido is the second largest DeFi protocol by total value locked (TVL) at $32 billion according to DeFiLlama, the sector’s leading data dashboard. While it’s active on other chains, ...

Coinbase to Launch Tokenized Stocks, Prediction Markets in US

Coinbase says it plans to launch tokenized stocks and prediction markets for users in the US in the coming months. Per an announcement from the exchange on Thursday, Coinbase will offer tokenized real-world assets, stocks, derivatives, prediction markets, and early-stage token sales, with testing available to US users first. JUST IN: Coinbase to launch tokenized stocks and prediction markets for US users. — Watcher.Guru (@WatcherGuru) July 31, 2025 “We’re building an exchange for everything,” Max Branzburg, vice president of product at Coinbase, tells CNBC. “Everything you want to trade, in a one-stop shop, on-chain. We’re bringing all assets on-chain stocks, prediction markets, and more. We’re building the foundations for a faster, more accessible, more global economy.” The expansion of Coinbase’s products puts it in further competition with exchanges like Robinhood and Kraken, which all already offer tokenized stocks. Currently, to...

Matrixdock Publishes Its Second Independent Audit Report on XAUm Gold Token Reserves 

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Singapore, 31st July 2025 – Matrixdock, Asia’s leading Real World Asset (RWA) tokenization platform under Matrixport Group, is proud to announce the successful completion of its second audit of XAUm’s physical gold reserves for 2025. Upholding a high standard for gold reserve transparency, this audit further demonstrates Matrixdock's commitment to integrity, public disclosure, and institutional-level standards, contributing to evolving best practices in the tokenized asset space.  "In traditional finance, integrity and trust are built on the rigorous standards of auditing physical reserves," said Eva Meng, Head of Matrixdock. "With XAUm, we integrate these time-tested trust-building principles with innovative RWA tokenization technology, providing a modern and secure way for token holders to gain exposure to physical gold. Through multiple verification layers, XAUm offers holders industry-leading transparency into their gold investment." As part of the sem...

Coinbase Sparks Altcoin Rallies After Placing Two Projects on Crypto Exchange’s Listing Roadmap

Coinbase has added two altcoins to its listing roadmap, sparking rallies for the projects’ digital assets. The exchange announced Bio Protocol (BIO), a biotechnology-related project, and the decentralized finance (DeFi) lending platform Euler (EUL) may soon be available to trade by its customers. Being added to Coinbase’s listing roadmap means that the top US crypto exchange is considering rolling out trading support for the asset in the near future. The roadmap was established in 2022 to increase transparency and reduce the possibility of investors frontrunning new trading support announcements. Amid the news, BIO is trading for $0.06963 at time of writing, up 9.1% in the last 24 hours. BIO is down from its day’s high of $0.07799. Meanwhile, EUL was trading for a recent low of $12.63 before soaring to $14.12 after Coinbase’s announcement. At time of writing, EUL has since returned to the $13 range. BIO is the native token of the Bio Prot...

Ripple v. SEC court case update amid August deadline 

The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is approaching another deadline, one that could redefine the global regulatory environment for cryptocurrencies.  Namely, the SEC is required to update the appellate court on the status of the case by August 15, particularly in regard to the appeals that were put on pause to allow the two parties to discuss the matter in private. In a social media post, the former SEC attorney Marc Fagel noted that even though the August date is not a dismissal but rather a procedural update deadline, he still believes we might see the appeals dropped by then.  I believe that’s the date for the parties to report on the status of their appeals. It doesn’t mean it’s a hard deadline by which they must file their dismissal papers, but I assume they will try to do so before then. — Marc Fagel (@Marc_Fagel) July 28, 2025 Crypto regulation and clarity A court ruling has alrea...

PayPal to Add “Pay With Crypto” for Merchants

PayPal will roll out a new “Pay with crypto” option to its range of payment options for merchants. The company revealed the development in a Monday announcement. The feature was expected to come eventually, as PayPal has been ramping up its efforts in crypto adoption for customers of late. JUST IN: PayPal to allow merchants to accept crypto payments. — Watcher.Guru (@WatcherGuru) July 28, 2025 The payment services company will allow businesses to accept 100 cryptocurrencies, including Bitcoin and Ethereum. Users will be able to convert their crypto holdings to stablecoins or fiat. Furthermore, the service will support several top crypto wallets, including Kraken, MetaMask, and Coinbase. “Businesses of all sizes face incredible pressure when growing globally, from increased costs for accepting international payments to complex integrations. Today, we’re removing these barriers and helping every business of every size achieve their goals,” Alex Chriss, PayPal’s pre...

Ethereum Surpasses Costco in Value: How High ETH Plans To Surge?

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Ethereum is now one of the leading cryptocurrency tokens that has been noting a steady price surge. The token has now overtaken retail giant Costco in terms of market cap, leaving the cryptocurrency market astonished. ETH has finally awakened after a prolonged period of dormancy, exhibiting signs of a gradual ascent and progress. How high is Ethereum truly planning to surge? Let’s find out. Also Read: Ethereum ETFs are Topping Bitcoin: ETH to Boom to $5k? Ethereum Surpasses Costco Source: Watcher Guru In one of the major ETH feats, Ethereum has now surpassed retail behemoth Costco in market value. This major development has been driven by multiple factors, including Ethereum’s widespread adoption and its surging popularity as the genius act makes its way into the market. JUST IN: Ethereum flips Costco in market cap.$ETH: $466.7B$COST: $414.8B pic.twitter.com/quFEldMi4t — ETH Gems Alert (@EthGemsAlert) July 28, 2025 Moreover, Ethereum has recently been experiencing rapid highs due...

Wall Street’s Bold Bet: Bitcoin Could Hit $200K By December, Banking Giant Says

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WOO X continues to freeze withdrawals as hack details emerge |

The Taiwan-based crypto exchange WOO X still hasn’t lifted its temporary withdrawal ban after $14 million in crypto was stolen from users of the exchange via a phishing attack.  The exchange’s latest statement on X (formerly Twitter) said it would provide an update once it has reopened its withdrawal systems. It also revealed that a phishing attack targeting one of its employees gave way to the hack that stole from nine user accounts.  WOO X said that, despite its “many security measures” limiting the exploiters’ access, they were still given the time to “coordinate a series of withdrawals from the user accounts.”  However, six hours after this statement was released, no further update has been provided. The hacker also reportedly began requesting withdrawals at 13:50 UTC +8, until they were eventually halted almost 2 hours later.  Update 3: The exploit stemmed from a team member device being compromised in a targeted phishing attack, allowing the ...

Commerce Secretary Calls for Fed Chair Jerome Powell to Resign

US Commerce Secretary Howard Lutnick is calling for Fed Chair Jerome Powell to resign, the secretary said in a Fox interview on Thursday. Lutnick said that Powell “has to go” and recommended getting a replacement Fed Chair soon. JUST IN: Commerce Secretary Howard Lutnick calls for Fed Chair Jerome Powell to resign. pic.twitter.com/0HbwJ0fZOn — Watcher.Guru (@WatcherGuru) July 24, 2025 “He should either resign or be replaced,” Lutnick said in the Fox interview. He also discussed the hesitance from the Federal Reserve to lower interest rates, something US President Donald Trump has also bashed Powell for. “It makes no sense… We are the most important country in the world with the greatest economy in the world. Why in the world do we have such a high interest rate? It’s got to be cut down,” Lutnick said. Fed officials have defended the pause on rate cuts due to uncertainty over the effect of tariffs on prices and that inflation hasn’t yet re...

Blow To Yuga Labs, As US Court Overturns Bored Ape NFT Trademark Case

Yuga Labs, a digital asset incubation studio and the company behind the globally acknowledged Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token series, has suffered a mild blow this week after a United States Court of Appeal overturned its initial court ruling against the digital artist Ryder Ripps and his business partner Jeremy Cahen over their alleged counterfeits trading of NFTs. US Judge Overturns Yuga Labs’ $8.8M NFT Case In a July 23 publication, Reuters confirmed that the United States Court of Appeals has overturned the initial court ruling against the Bored Ape Yacht Club non-fungible token series maker Yuga Labs and the digital artist Ryder Ripps and his business partner Jeremy Cahen. In response to the court ruling, the Bored Ape Yacht Club floor price has slightly plunged, falling by 1.3% from the past day. Founded in 2021, Yuga Labs is a renowned blockchain technology company, focusing on digital collectibles, metaverse development, and the interse...

Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record

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Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume

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