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DWF Labs Deposits $1.68M in FET to Binance; Price Rises 42%

DWF Labs adds 1 million FETs ($1.68 million) to its Binance portfolio, contributing to a 42% price increase in FET since its addition to the exchange. These tokens were initially part of the 10 million FET received from the Fetch.ai Foundation. DWF Labs maintains the largest holding in its portfolio, with 9 million FET worth $14.5 million.

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Eigen Labs Appoints Former Rio Network Co-Founder as New COO

Eigen Labs Appoints Alan Curtis, Ex-Rio Network Co-Founder, as New COO Eigen Labs has named Alan Curtis, former co-founder of Rio Network, as its new Chief Operating Officer (COO). Curtis will focus on industry re-staking growth, EigenLayer economic model readability, and operating Eigen Labs effectively.

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Phoenix DeFi Protocol on Solana Launches Atlas Testnet

Introducing Atlas, the new testnet for the Ellipsis Labs DeFi protocol Phoenix on Solana. Optimized for DeFi, Atlas utilizes the Solana virtual machine for execution and Ethereum mainnet for settlement, making it compatible with existing Solana programs.

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Binance Labs Invests in Meme Coin-focused Telegram App Blum

Discover Binance Labs’ investment in the Telegram trading mini-app Blum, focusing on meme coins and new tokens with leverage, announced as part of the seventh season of the BNB Chain Most Valuable Builder (MVB) program. This comes after Binance Labs announced investments in four top-performing projects, including Aggregata, Opinion Labs, SideKick, and Vooi.