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BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI
Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI infrastructure following a difficult post-IPO stretch.

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Pump.fun Parent Baton Corporation Recruiting CLO at Up to $5M Base Salary
Baton Corporation, the development company behind memecoin launchpad Pump.fun, is seeking a Chief Legal Officer at a base salary of $1M to $5M, a compensation band that puts the hire among the best-paid legal executives in crypto.

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Five Former EF Researchers Launch Ethlabs, an Independent Non-Profit R&D Lab for Ethereum
Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf, and Julian Ma have launched Ethlabs, an independent non-profit R&D lab backed by Bitmine, Sharplink, and Consensys founder Joe Lubin, with a thesis that Ethereum will become the universal onchain settlement layer.

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Ethereum Foundation Loses Second Co-Executive Director as Hsiao-Wei Wang Steps Down
Hsiao-Wei Wang resigned as co-executive director and board member of the Ethereum Foundation on Thursday after a sabbatical, the second co-ED exit at the Switzerland-based nonprofit in four months and the latest in a five-month wave of senior departures.

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Matter Labs Cuts Staff, Pivots Fully to Institutional Privacy Platform Prividium
Matter Labs CEO Alex Gluchowski announced layoffs and a full strategic pivot on Tuesday, committing the company behind zkSync entirely to Prividium, its institutional on-chain privacy infrastructure platform.

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'Peirce Out': A Decade of Dissent
She arrived at the SEC in 2018 as a Republican commissioner with light crypto baggage and left this week as the regulator whose quotes had narrated the industry's regulatory story. A retrospective on eight years of dissent.

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Hester Peirce Bids Farewell to the SEC After Nearly 30 Years
SEC Commissioner Hester Peirce delivered her farewell remarks Tuesday at the U.S. Chamber of Commerce Capital Markets Summit, closing a tenure defined by crypto-industry advocacy and dissent from the Gensler era.

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On-Chain Tracking Revives Allegations That Hoskinson Sold 1.5B ADA in the 2021 Rally
An NFT creator published a thread claiming to trace large ADA flows to IOG-linked stake pool pledges from the 2021 bull market. Cardano's founder has made no public statement in response to the new analysis. ADA is down 42% over the past 30 days.

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Lubin-Labeled Wallet Adds 110,000 ETH to Sky Vaults Backing $259M DAI Debt
A genesis-block Ethereum wallet labeled "Joseph Lubin?" by Arkham Intelligence deposited 110,000 ETH into three Sky Finance vaults on Friday, shoring up collateral behind $259M in DAI debt as ETH fell sharply. Neither Lubin nor ConsenSys has made any public statement on ownership of the address.

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Arthur Hayes Says Bitcoin Cannot Rally Until the AI Bubble Bursts
Arthur Hayes published a macro thesis arguing Bitcoin cannot rally until the AI stock bubble deflates, citing $1.5 trillion in AI debt issuance that absorbed the liquidity Bitcoin needed. He exited HYPE, NEAR, WLD, and ZEC and rotated Maelstrom's equity book into US energy producers.





