Matter Labs to Cut 16% of Workforce
Matter Labs, the developer of ZKsync, an Ethereum layer-2 solution, announced a major organizational reorganization and 16% layoffs. In order to better meet the changing demands of ZKsync (ZKSY) developers for support and technology, the business will be eliminating these roles. CEO Alex Gluchowski stated in a statement on X that the company’s shifting position […]
SEC Accuses Galois Capital of Misleading Investors
Galois Capital, a company in Florida, has accused the U.S. Securities and Exchange Commission (SEC) of grave compliance violations and investor deception. The charges center on the company’s dissemination of false information regarding redemption policies and disregard for mandatory custody procedures . According to the SEC’s decision, Galois Capital violated the Investment Advisers Act’s Custody […]
21co Rolls out Wrapped Bitcoin on Ethereum Blockchain
21.co is adding its Wrapped Bitcoin to the Ethereum blockchain, broadening the wrapped tokens selection. The parent firm of 21Shares, a provider of cryptocurrency exchange-traded products, 21.co, has announced the release of 21BTC, or wrapped bitcoin, on the Ethereum blockchain. The company claimed in a news statement on September 3 that it has partnered with […]
Jito, Fragmetric Launch Solana Liquid Restaking Token
A new liquid restaking token, fragSOL, has been introduced on Solana by the restaking platform Fragmetric and liquid staking protocol Jito. Fragmetric stated in a blog post on August 29 that the new token is the first native liquid restaking token for Solana and is based on the Jito restaking vault receipt token. The platform […]
LINE Messenger Taps Kaia for Mini dApps
Japanese messaging giant LINE is launching micro-decentralized apps alongside the UAE-based Kaia DLT Foundation on its chat platform. Mini dApps will be made available as part of the Kaia Wave, an effort by the Kaia DLT Foundation to assist Web3 developers, according to a statement released on August 29. Following the merger of two well-known […]