“The company we’ve built is different from the company dYdX must be,” said the CEO. Source
DYdX CEO Juliano Fires 35% of Workforce and Promises Pivot
Category: ICO
President Biden Thanks Nigerian President for Binance Exec’s Release: White House
Gambaryan, head of financial crime compliance at Binance, was released on humanitarian grounds last week, eight months after he was first taken into Nigerian custody and subsequently charged with money laundering and tax evasion as a proxy for his employer, which the Nigerian government accused of tanking the value of the naira. The Nigerian government has since dropped both charges against Gambaryan, though Binance still faces tax-evasion charges in the country. Source
DWF Labs Fires a Partner After Drink-Spiking Allegations
DWF Labs Fires a Partner After Drink-Spiking Allegations Source
Coinbase (COIN) Q3 Earnings May be Hurt by Lower Trading Volume, Regulatory Uncertainty, Analysts Say
Ether, the second-largest cryptocurrency by market cap, has been trading in the rough range of $2,330 to $2760 since August, with the current price at $2624 as of press time. In the months from April to June, that range was much higher, at $3,503 to $3,368. Source
Solana-Based RWA Platform AgriDex Taps Stripe-Acquired Bridge for Cheaper Crypto Onramp for Agricultural Businesses
Henry Duckworth, co-founder and CEO of AgriDex, said that growing up in Zimbabwe where waves of currency devaluation has plagued the country’s economy and his experience as a commodities trader at trading behemoth Trafigura inspired him to build AgriDex to streamline cross-border payments for agricultural goods producers. Source
Bitcoin (BTC) Miner HIVE Digital (HIVE) Expected to Double Its Hashrate in the Coming Year, Initiate at Overweight: Cantor
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Kraken Picked Optimism's 'Superchain' After Getting a Pile of OP Tokens
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million. Source
MetaMask Maker Consensys Cuts 20% Workforce, Faults SEC’s ‘Abuse of Power’
Consensys, one of the main supporters of the Ethereum network, is laying off 20% of its workforce, blaming broader macroeconomic conditions and ongoing regulatory uncertainty, including the Securities and Exchange Commission’s (SEC) “abuse of power” in the space. Source
‘Binance Wealth’ Unveiled by World’s Largest Crypto Exchange
Despite appearances, Binance Wealth is not a financial advisory service but a technological solution designed to meet the needs of wealth managers, with the necessary infrastructure allowing them to oversee and support their clients’ exposure to crypto, explained Catherine Chen, head of Binance VIP & Institutional, in an email. Source
Privacy as a Fundamental Human Right
Last week, I moderated a panel at the DC Privacy Summit, hosted by Project Glitch and the Coinbase Institute, on what comes next in the ongoing discussions about privacy and crypto – through, naturally, the lens of Tornado Cash and the Department of Justice’s case against developer Roman Storm. I want to share some of the thoughts the panelists – DeFi Education Fund’s Miller Whitehouse-Levine, a16z Crypto’s Michele Korver, House Financial Services Committee’s Allison Behuniak and Starkware’s Katherine Kirkpatrick Bos – discussed during the 30 minute session. Source