Xbox hit hard with layoffs: from cancelled games to a shuttered studio

On July 2nd, Microsoft announced sweeping layoffs affecting as many as 9,000 employees, and they had a big impact on the company’s Xbox studios. Microsoft cancelled Perfect Dark from The Initiative and closed the studio. Rare’s Everwild, announced in 2019, was cancelled, too. And Forza Motorsport developer Turn 10 Studios will lose more than 70 … Read more

SEC Halts Grayscale Large Cap Fund Conversion for ‘Review’ a Day After Staff Approval

The U.S. Securities and Exchange Commission’s leaders are reviewing the agency’s recent approval of a Grayscale effort to convert a fund into an exchange-traded fund (ETF), a letter dated July 1 said. The SEC allowed Grayscale to uplist the Digital Large Cap Fund (GDLC), which holds $755 million in bitcoin BTC, Ethereum ETH, XRP XRP, … Read more

BONK Surges 10% as Tuttle Capital Sets July 16 as Earliest Launch Date for Its 2X Leveraged ETF

Bonk (BONK) surged 9.87% to $0.00001494 on July 2, extending recent gains across the Solana meme token space, according to CoinDesk Research’s technical analysis model. The move came amid fresh attention to Tuttle Capital’s proposed 2x Long BONK ETF, which has taken a procedural step forward but remains unapproved. Tuttle Capital originally filed a Form … Read more

Phil Spencer isn’t retiring as the chief of Xbox ‘anytime soon’

Microsoft says that Phil Spencer, Microsoft Gaming CEO and the head of Xbox, isn’t retiring “anytime soon.” The company has responded to rumors of Spencer’s retirement, which have spread online today following Microsoft’s major layoffs. “Phil is not retiring anytime soon,” says Kari Perez, head of Xbox communications, in a statement to The Verge. The … Read more

Advancing AI agent governance with Boomi and AWS: A unified approach to observability and compliance

Just as APIs became the standard for integration, AI agents are transforming workflow automation through intelligent task coordination. AI agents are already enhancing decision-making and streamlining operations across enterprises. But as adoption accelerates, organizations face growing complexity in managing them at scale. Organizations struggle with observability and lifecycle management, finding it difficult to monitor performance … Read more

WEMADE And Redlab Unleash Web3 MMORPG – Global Pre-Registration Open For Aug 2025

Singapore, Singapore/July 2nd, 2025/–WEMADE and Redlab Games are excited to announce the start of global pre-registration for , the anticipated Web3 MMORPG, now available on the WEMIX PLAY platform and the official website.  is the latest title from Redlab Games, creators of the acclaimed . This new game combines their signature RPG experience with cutting-edge blockchain technology and will officially launch this August in over 170 countries (excluding … Read more

JPMorgan’s Blockchain Arm Kinexys Tests Tokenized Carbon Credits with S&P Global

Global bank JPMorgan’s blockchain arm Kinexys is working with S&P Global Commodity Insights to explore tokenization for managing and issuing carbon credits, the firms said on Wednesday. The project, according to a press release, focuses on testing how tokenized carbon credits can be created and tracked using blockchain infrastructure. These credits, which represent greenhouse gas … Read more

PrimeXBT Launches ‘Trade As VIP’ Campaign Offering 70% Off Trading Fees

Castries, Saint Lucia, July 2nd, 2025/Chainwire/–PrimeXBT, a leading multi-asset broker, has launched its latest promotion, ‘Trade as VIP’, granting all newly registered users instant access to VIP 2 status for 30 days. As part of the platform’s tiered system, VIP levels reward traders with reduced fees, tighter spreads, and exclusive platform benefits. For a limited … Read more

R0AR’s $1R0R Token Roars Onto MEXC Exchange, Expanding DeFi Accessibility

Sheridan, Sheridan, July 2nd, 2025/Chainwire/–R0AR, a decentralized finance (DeFi) platform, has announced the listing of its native token, $1R0R, on the cryptocurrency exchange MEXC. This milestone marks a significant step in making $1R0R more accessible to traders worldwide, following its successful debut on BitMart just weeks ago. The $1R0R token, built on the Ethereum ERC-20 … Read more

Three former Ubisoft executives are convicted of sexual and psychological harassment

A court in France has sentenced three former Ubisoft executives for sexual and psychological harassment. Serge Hascoet, Tommy Francois, and Guillaume Patrux each received fines and suspended prison sentences for their actions that were discovered as a part of a years-long investigation into sexual harassment and bullying at the game publisher.  According to The Guardian, … Read more

Ripple Expands Stablecoin Infrastructure Partnership as it Seeks Bank License

Ripple has partnered with London-based fintech firm OpenPayd to build a stablecoin and payments infrastructure for businesses looking to move money across borders quickly and at lower costs. The news comes the day Ripple said it applied for a national banking license at the Office of the Comptroller of the Currency (OCC). This license would … Read more