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CLEAR token tanks 48% as Everclear winds down protocol, foundation and labs unit
Everclear achieved $500 million in monthly volume, but "never developed the commercial depth," the team said on Thurs…
Syndicate Labs to wind down operations after five years, citing rollup market slump
Syndicate Labs said that the $330,000 exploit last month is unrelated to the decision to wind down operations.
Deloitte absorbs Blocknative team as crypto infra firm winds down APIs and Gas Network
The Blocknative website now returns a post noting that the firm is “now in the process of ceasing operations."
US crypto ATM operator Bitcoin Depot files for Chapter 11 to wind down business
Bitcoin Depot said changing regulatory environments have made it difficult to continue its current business model.
Crypto data firm Dune cuts 25% of staff citing AI efficiencies
Dune CEO Fredrik Haga said the firm "let 25% of the team go this week" on X, in part citing its heavy investment in A…
Bitcoin Ordinals explorer Ord.io to shut down alongside trading app Zap
Bitcoin Ordinals browser Ord.io and its associated consumer app Zap will shut down on June 1, according to announceme…
Bitcoin Core quietly patched high-severity memory bug months before public disclosure, but many nodes may still run affected software
Bitcoin Core disclosed a use-after-free bug that could have let miners crash nodes and potentially execute remote code.
What The Bitcoin Drop Since Gensler Left Says About Markets And Regulation
When Gary Gensler left the US Securities and Exchange Commission in January 2025, Bitcoin was trending higher, and ma…
StarkWare cuts staff, reorganizes into two units as it targets revenue
StarkWare is cutting staff and restructuring under two units as CEO Eli Ben-Sasson says the firm is "simply too big" …
Standard Chartered weighs integrating Zodia Custody with corporate bank arm: Bloomberg
Standard Chartered reportedly plans to integrate Zodia Custody's crypto custody business into its corporate bank divi…
Cosmos ecosystem’s Leap Wallet is shutting down
After the collapse of Terra, Leap Wallet pivoted to provide support for the wider multi-chain Cosmos ecosystem.
Zodia Markets CEO Usman Ahmad departs, co-founder Nick Philpott named interim CEO
Ahmad had led the firm since its founding in 2021, when it launched as a joint partnership between SC Ventures and OS…
Bitcoin Depot reshuffles leadership, projects 30% revenue drop in 2026
Bitcoin Depot names Alex Holmes CEO as Scott Buchanan resigns, and signals 30%-40% revenue drop amid regulatory press…
Crypto.com cuts around 12% of staff as CEO pushes enterprise-wide AI integration
Crypto.com cut 12% of its staff, or about 180 roles based on a prior headcount, as CEO Kris Marszalek pointed to an A…
Algorand Foundation cuts 25% of its workforce citing global macro uncertainty and crypto market downturn
The non-profit Algorand Foundation is the latest to cut staff amid rising macro uncertainty, crypto market stagnation…
The Daily: SEC and CFTC declare most crypto assets aren’t securities, Tempo mainnet goes live with MPP for agents, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ethereum governance solution Tally used by Uniswap, Arbitrum and others is winding down
The Tally team has already begun working with enterprise clients to create continuation plans as it begins shutting d…
The Daily: Messari CEO steps down amid layoffs in ‘AI-first’ pivot, Mastercard to acquire BVNK for up to $1.8 billion, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Messari CEO steps down alongside mass layoffs in AI pivot
Several other crypto companies have recently conducted layoffs, including OP Labs, Block Inc., and Gemini exchange.
The Daily: SEC and CFTC sign crypto coordination pact, Ripple launches $750 million share buyback program, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Optimism’s OP Labs cuts 20% of staff to ‘do fewer things well’
OP Labs CEO and Optimism co-founder Jing Wang clarified that the layoffs were not driven by financial difficulties.
The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ETHZilla stock climbs on Forum rebrand as firm pushes further into tokenized assets
ETHZilla’s ETH holdings have shrunk after multiple sales, including $40 million in October and $74.5 million in Dec…
Onchain analytics tool Parsec winding down operations
The onchain analytics startup, launched in early 2021, raised a $1.25 million seed round and a $4 million seed extens…
Activist investor Starboard says Riot AI pivot could be worth up to $21 billion as miner lags peers
Starboard argues Riot’s Texas power assets position the company to secure large AI data center tenants if managemen…
The Daily: Logan Paul sells previously tokenized Pokemon card for $16M, Gemini parts ways with top execs, Strategy’s latest bitcoin buy, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Figure takes operational role at Provenance Blockchain Foundation under community-led structure
The update formalizes Figure’s role as the primary operator behind Provenance as it increases support for onchain e…
Bakkt stock rallies 20% amid plans to acquire a stablecoin infra firm founded by Bakkt’s co-CEO
Bakkt is continuing its strategic pivot to provide “B2B2C” turnkey operator services through a stablecoin infrast…
The Protocol: Bug that can drain all your tokens impacting 'thousands' of sites
Also: Ripple news, Aave protocol debate, and pudgy penguins takeover
Binance appoints co-founder Yi He as new co-CEO alongside Richard Teng
Yi He will lead the company alongside previous solo CEO Richard Teng, the exec announced during Binance Blockchain Week.