Eigen Labs, the development team behind the prominent Ethereum restaking protocol EigenLayer, has laid off approximately 25% of its employees as part of a strategic restructuring aimed at prioritizing the growth and scaling of its new EigenCloud platform. Eigen Labs Layoffs Impact 29 Employees According to internal confirmations, 29 employees have been let go from Eigen Labs, representing roughly a quarter of the company’s workforce. The decision was officially announced by CEO Sreeram Kannan, who explained the move was necessary to streamline operations and channel resources toward a unified vision. “This restructuring ensures our team is sustainably aligned with our…
Author: Blockto Team
Starting January 1, 2026, crypto users in the United Kingdom must provide personal information to crypto service providers or face financial penalties, according to HMRC’s latest compliance update. New Crypto Reporting Rule in the UK The UK government, through His Majesty’s Revenue and Customs (HMRC), has announced that from January 1, 2026, all users of crypto services must submit personal details to service providers. The measure is aimed at enhancing tax transparency and linking crypto activity to individual tax records. Under the new law, failure to comply will result in a fine of up to £300 (approximately $408) per incident.…
XRP is showing renewed bullish strength after breaking above the $2.28 resistance level, a move largely driven by Ripple’s ongoing push to secure a U.S. national banking charter. With volume backing the breakout and structural support zones holding firm, market watchers are now eyeing the $2.38 level as the next critical threshold. Ripple’s Bank Charter Application: A Regulatory Turning Point Ripple’s recent filing for a national trust bank license with the Office of the Comptroller of the Currency (OCC) is being viewed as a watershed moment. This application signals the company’s intent to embed itself deeper into the regulated financial…
A major legal battle is unfolding in the U.S. as leading crypto advocacy groups challenge the Department of Justice’s (DOJ) attempt to apply money transmission laws to open-source software developers. The case, Lewellen v. Bondi, could have profound implications for the future of decentralized finance (DeFi) and software development in the blockchain space. DOJ Seeks to Expand Money Transmission Laws to DeFi Developers At the center of the lawsuit is Michael Lewellen, a developer who created a non-custodial DeFi protocol and now faces legal uncertainty over releasing the open-source software to the public. The DOJ is applying Section 1960 of…
Cryptocurrency exchange OKX and stablecoin issuer Circle have announced a major partnership to simplify and streamline fiat on-ramping with zero-fee USDC to USD conversions. This initiative is designed to improve stablecoin accessibility, reduce transaction friction, and enhance global liquidity for users operating across both centralized and decentralized platforms. Seamless Stablecoin Conversions with Zero Fees In the newly launched integration, users can now convert USD to USDC—and vice versa—at a 1:1 ratio on OKX, with zero conversion fees. This update enables a faster, more transparent, and cost-efficient experience for both retail and institutional traders managing US dollar and stablecoin balances. OKX’s…
Dogecoin (DOGE) is flashing signs of sustained upside after rebounding from the $0.16 level on July 6. Backed by surging trading activity and rising interest from large-scale investors, the memecoin is now testing key resistance zones that could determine its short-term direction. Institutional Interest Fuels 5% Rally DOGE gained 5.01% within 24 hours, climbing from $0.163 to $0.171, as buyers stepped in aggressively during a sharp spike in trading volume. The most notable price surge occurred between 12:00 and 13:00 UTC, when Dogecoin jumped from $0.166 to $0.173 on volume exceeding 1.14 billion DOGE—nearly six times above its daily average.…
In a decisive move to curb financial crime, New Zealand has announced a nationwide ban on cryptocurrency ATMs as part of an expanded anti-money laundering (AML) crackdown. The decision comes amid growing concerns that crypto kiosks are being used by criminal networks to convert illicit cash into digital assets. Government Introduces $5,000 Cap on Overseas Cash Transfers Alongside the crypto ATM ban, officials have imposed a $5,000 cap on international cash transfers. This new restriction is intended to prevent large, untraceable sums from leaving the country under the radar of financial authorities. Associate Justice Minister Nicole McKee confirmed the measures…
AAVE, the native token of the decentralized finance lending platform Aave, surged to a three-week high, driven by renewed interest in DeFi borrowing and a sharp uptick in overall market activity. With total value locked (TVL) across DeFi lending protocols exceeding $56 billion, Aave has emerged as the clear market leader. AAVE Price Climbs Above $290 with Strong Volume Support On Tuesday, AAVE climbed to $291.11, marking a 5% gain from session lows of $277.57. The token experienced significant intraday volatility, fluctuating within a $13 range, according to recent technical analysis data. These volume spikes indicate authentic buyer demand, especially…
The United States Department of Justice has unsealed federal charges against two individuals accused of operating a massive cryptocurrency fraud scheme known as OmegaPro, which allegedly defrauded investors out of over $650 million between 2019 and 2023. DOJ Alleges OmegaPro Promised 300% Returns to Investors According to the Department of Justice, Michael Shannon Sims and Juan Carlos Reynoso are at the center of the multilevel marketing scheme. Sims, described as a founder and strategic consultant, and Reynoso, who led operations in Latin America, are accused of luring investors with promises of outsized returns. The scheme allegedly guaranteed 300% returns over…
A recent analysis reveals that Bitcoin received surprisingly low mainstream media attention in the second quarter of 2025, despite reaching an all-time high in price. The findings point to a fragmented narrative across major financial news outlets and highlight the growing information gap for investors relying on traditional sources. Elite Financial Publications Show Limited Bitcoin Coverage According to market research conducted in Q2, just 13 articles on Bitcoin were published by three of the most influential financial news outlets—The Wall Street Journal, The Financial Times, and The New York Times. Together, these three outlets accounted for just 2% of all…