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Solana Surpasses Ethereum and Tron with $271M Q2 Revenue
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Eigen Labs Restructures Team to Prioritize EigenCloud Development Eigen Labs, the primary developer behind Ethereum restaking protocol EigenLayer, has reduced its staff by approximately 25% to concentrate resources on its newly launched EigenCloud platform. According to a report by Blockworks, the company let go of 29 employees, confirming the layoffs to The Block. In a public statement on X, Eigen Labs CEO Sreeram Kannan explained the decision, stating, “Today, we announced an internal restructuring to streamline operations and align our efforts toward advancing EigenCloud. While this shift required parting ways with talented team members who have made invaluable contributions, it ensures we remain focused on our core mission.” The workforce reduction follows a recent $70 million investment from a16z crypto, which acquired additional EIGEN tokens to support EigenCloud’s rollout. Launched last month, EigenCloud combines several critical services—such as EigenDA for data availability, EigenVerify for resolving disputes, and EigenCompute for execution—into a single, programmable ecosystem. The platform is designed to enable developers to build decentralized applications with blockchain-backed security while maintaining the efficiency of traditional cloud systems. “Though these decisions are challenging, they position us to achieve a groundbreaking objective: creating the world’s first fully verifiable cloud infrastructure,” Kannan added. #eigen #BreakoutTradingStrategy #DayTradingStrategy #NFPWatch $EIGEN
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🚀 Top 5 Gainers in 24 Hours: Crypto Market Soars! 📈 The crypto market is heating up, with several altcoins posting massive gains! 🔥 Check out the biggest movers of the day and see which tokens are leading the charge. 🔥 Top 5 Gainers (24h) 1. MAGIC – $0.16 | +43.27% 🎯 2. BANANAS31 – $0.019 | +29.98% � 3. SYN – $0.111 | +23.88% ⚡ 4. LOKA – $0.06 | +22.74% 🏹 5. DUSK – $0.06 | +17.15%🌙 💡 What’s Driving the Rally? 🔹 MAGIC continues its strong performance amid gaming token hype. 🔹 BANANAS31 surges as meme coins regain momentum. 🔹SYN, LOKA, and DUSK benefit from ecosystem developments. ⚠️ Remember: Crypto is Volatile! While these gains are impressive, the market can reverse quickly. Always: ✅ Do your own research (DYOR) ✅ Set stop-losses ✅ Stay updated on market trends Which of these are you watching? 👀 Drop your thoughts below! ⬇️ #crypto #altcoins #trading #bitcoin #Bullrun $MAGIC $BANANAS31 $DUSK
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🚨 BTC/USDT Short Position Update – High Leverage Alert! � Position: SHORT 🟥 Leverage: 125x (❗Extreme Risk) Entry: 108,516.8 USDT Current Price: 108,852 USDT (-0.31% against entry) Stop Loss: 109,205.9 (+0.63% from entry) Take Profit: 107,678.9 (-0.77% from entry) Close Signal: 12th July 2025, 09:57 (UTC) Key Levels & Risk: 🔹 Stop Loss Distance: Only ~0.32% away! 🔹 Take Profit Distance:~1.08% downward needed. 🔹 Risk-Reward Ratio:1:3.3 (Good if trend holds) What’s Next? 🔹 If price reverses down:TP at 107,678.9 could hit fast with leverage. 🔹 If BTC pumps further: SL at 109,205.9 will trigger (watch for liquidity above). 🔹 Liquidation Risk:At 125x, even a 0.8% move up could wipe the position! My Plan: ✅ Strict SL & TP– No emotions, just execution. ⚠️ Watching BTC momentum– If bullish pressure increases, may exit early. 📉 Ideal Scenario: BTC rejects $109K and dumps toward TP. DYOR No Financial advice! What are your thoughts? Too aggressive or a good setup? 👇 #Bitcoin #trading #Crypto #Leverage #ShortSqueeze $BTC
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🚀 Moodeng (MOODENG) – Critical Levels & Next Moves 🚀 Key Support: 🔹 A break below 0.17780 may lead to a test of 0.17636. 🔹 Further weakness could see a dip toward 0.17310, a strong demand zone. Upside Potential: 🔹 Holding above 0.17636 may fuel a rebound toward 0.18490, offering short-term opportunities. Outlook: Price action hinges on these key levels—patience and disciplined monitoring are crucial for strategic entries. $MOODENG #MOOD #BreakoutTradingStrategy #AltcoinETFsWatch #DayTradingStrategy $MOODENG
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