Crypto Exchange Luno Cuts Global Staff By a Fifth, Citing Automation
In brief Luno is cutting about 20% of its staff globally, CEO James Lanigan told Bloomberg, without giving a number. He pointed to investments in...
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Revolut to delist USDT in August, citing regulatory and risk concerns
Revolut, a crypto-friendly digital banking platform headquartered in the United Kingdom, notified some users it will delist Tether USDt (USDT) stablecoin in August, citing regulatory...
TD Cowen Slashes Strategy Price Target, Citing Ongoing Bitcoin Weakness
In brief TD Cowen lowered its price target for Strategy by 35%, citing Bitcoin’s lingering weakness. The investment bank expressed a positive outlook on Strategy’s...
Pioneering zk-rollup Loopring closes DEX, citing lack of adoption
Ethereum’s first zero-knowledge rollup, Loopring, announced Sunday the closure of its decentralized exchange and automated market maker, ending all trading services and halting the relayer...
Anthropic suspends access to Fable 5, Mythos 5, citing US directive
Anthropic said it suspended access to its Fable 5 and Mythos 5 AI models after receiving a US government export control directive citing national security...
Botanix Will Shut Down Bitcoin Layer-2 Network in July, Citing Lack of DeFi Demand
In brief Botanix disclosed plans to wind down its Bitcoin-based layer-2 network, asking users to withdraw funds. The project said it didn’t achieve significant product...
ECB pushes back on euro stablecoin proposals, citing financial stability risks
The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy,...
Syndicate Labs winds down after 5 years, citing shrinking rollup market
Syndicate Labs announced it is winding down after five years of developing onchain infrastructure for customizable Ethereum rollups and sequencers, citing a shrinking market for...
House committee leaders urge Trump to nominate CFTC members, citing CLARITY Act
The Republican chair and Democratic ranking member of the US House of Representatives Committee on Agriculture have called on President Donald Trump to fully staff...
Dune Analytics lays off 25% citing AI
Dune Analytics has laid off 25% of its staff, with CEO Fredrik Haga citing AI tools as the primary driver. Summary Haga announced the restructuring...