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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.
Ethereum layer-2 developer OP Labs cuts roles to 'narrow focus'
The firm plays a central role in the development of Optimism, an Ethereum layer-2 scaling network designed to make tr…
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.
Paradigm-backed Across Protocol explores letting ACX holders exchange tokens for equity
Across Protocol posted a temp check proposal exploring a shift to a private company, where ACX tokenholders could exc…
A16z Crypto updates Jolt zkVM, challenges loose use of ‘ZK’ label
A16z added the NovaBlindFold folding scheme to the open-source Jolt zkVM, “rendering it suitable for privacy applic…
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…
Ether.fi shifts non-custodial crypto card product to OP Mainnet from Scroll
Ether.fi will migrate roughly "70,000 active cards, 300,000 accounts, and millions in user TVL to Optimism," over the…
Coinbase-incubated Base network to ditch Optimism for ‘unified solution’
The Coinbase-incubated Ethereum Layer 2 is “evolving its foundational software by moving to a unified, Base-operate…
Coinbase’s Base moves away from Optimism’s 'OP stack' in major tech shift
Base launched in 2023 and quickly became one of the most widely used Ethereum layer-2 networks.
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.
Wrapped Bitcoin team taps Hyperlane for WBTC bridge between Ethereum and Solana
The Hyperlane Nexus Bridge will enable holders to transfer wBTC tokens between Ethereum and Solana, the team wrote in…
ENS Labs scraps Namechain L2, shifts ENSv2 fully to Ethereum mainnet
ENS Labs is canceling the launch of the Namechain Layer 2, which began development in 2024 to support the forthcoming…
‘We don’t friggin need more copypasta EVM chains’: Vitalik Buterin criticizes new Layer 1s, narrows the case for Layer 2s
Vitalik Buterin called copy-paste EVM chains a ‘dead end,’ calling for differentiated, deeply connected designs.
Vitalik Buterin reevaluates Ethereum’s rollup-centric roadmap, arguing L2s decentralized ‘far slower’ while base layer advanced
Buterin previously championed a "rollup-centric" roadmap that would scale Ethereum through a network of branded shards.
OP token holders approve buyback plan redirecting 50% of Optimism protocol revenue to OTC swaps
The plan could redirect millions of dollars worth of Optimism protocol revenue "to align the OP token" with the Super…
Sony Innovation Fund invests $13 million in Soneium co-developer Startale Group, kicking off its Series A fundraising
Sony's latest $13 million follow-on investment represents "the first close" of Startale Group's Series A, the firm sa…
Optimism governance approves OP token buyback plan tied to superchain revenue
The proposal links the OP token more directly to the economic performance of the Superchain.
The Protocol: Ethereum to roll out new AI agents standard soon
Plus: Solana’s latest phase, OP token buybacks and EF post-quantum security team.
ZK-powered Bitcoin Layer 2 Citrea launches mainnet
Citrea uses a zero-knowledge Ethereum Virtual Machine to inscribe its chain history on the Bitcoin base layer.
Optimism community begins vote on OP token buybacks
The Optimism Foundation's proposal would link the value of the OP token more directly to the economic performance of …
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…
Boundless unlocks Bitcoin settlement and verification for Ethereum and Base ZK proofs
Boundless' new verification system will initially run from the Ethereum mainnet and Base Layer 2 to Bitcoin, with pla…
Polygon Labs spends $250 million to acquire Coinme and Sequence, ‘foundational’ elements of its Open Money Stack
Sequence offers smart wallet routing for "1-click" cross-network transfers, while Coinme has secured U.S. money-trans…
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…
JPMorgan expands blockchain goals, plans to build ‘interoperable digital money’
As Siemens uses JPMorgan's blockchain for FX transfers, the bank plans to scale JPM Coin across privacy-focused and p…
Optimism Foundation proposes monthly OP token buybacks
The Optimism Foundation is looking to redirect 50% of the revenue earned by Superchain for monthly over-the-counter t…