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BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI
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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.
Pump.fun Parent Baton Corporation Recruiting CLO at Up to $5M Base Salary
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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.
Five Former EF Researchers Launch Ethlabs, an Independent Non-Profit R&D Lab for Ethereum
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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.
Ethereum Foundation Loses Second Co-Executive Director as Hsiao-Wei Wang Steps Down
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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.
Matter Labs Cuts Staff, Pivots Fully to Institutional Privacy Platform Prividium
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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.
'Peirce Out': A Decade of Dissent
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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.
Hester Peirce Bids Farewell to the SEC After Nearly 30 Years
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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.
On-Chain Tracking Revives Allegations That Hoskinson Sold 1.5B ADA in the 2021 Rally
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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.
Lubin-Labeled Wallet Adds 110,000 ETH to Sky Vaults Backing $259M DAI Debt
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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.
Arthur Hayes Says Bitcoin Cannot Rally Until the AI Bubble Bursts
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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.