Matter Labs

Matter Labs, the parent company of ZKsync, announced a 16% workforce reduction following a strategic review to better align talent with its evolving needs. CEO Alex Gluchowski is actively helping those affected find new jobs.

ZKsync’s recent airdrop saw nearly half of the top recipients selling their tokens, sharply dropping ZK's price. This led to criticism of ZKsync’s airdrop criteria and network issues, with critics arguing that anti-Sybil attack measures were insufficient. Will the price continue to decline?

BloXroute Labs decides to censor Ethereum blocks with OFAC-sanctioned transactions, sparking debate over blockchain ethics and regulatory compliance.

Participants also have the option to trade presents on Hyperspace, offering a unique avenue for engagement within the Sui community and potentially devising strategies for optimizing rewards.

Montenegro's Supreme Court extends TerraForm Labs CEO Do Kwon's detention until February 2024 amid US and South Korean extradition requests. Closed-door discussions hint at the US being the likely destination. Kwon faces global legal battles, with accusations of orchestrating a massive cryptocurrency fraud. The fate of the Terra founder remains uncertain as the legal proceedings progress.

Despite a $450 million market cap and signs of a slowdown, trading activity remains robust.

Yuga Labs employee has resigned amid controversy surrounding past racially insensitive and antisemitic tweets, sending ripples through the NFT community. The incident has raised concerns about background screenings in the industry and brought past allegations against Yuga Labs back into the spotlight.

The Bored Ape Yacht Club's former Social Lead, Shpend Salihu, has resigned after the resurfacing of racist and antisemitic posts from his past.

Ava Labs, the driving force behind the Avalanche Blockchain, has made a strategic decision to reduce its workforce by 12%, allowing for the repositioning of resources to fuel the growth of both the company and the wider Avalanche ecosystem.

Kraken, the prominent U.S. cryptocurrency exchange, is contemplating collaboration with leading blockchain technology firms to create its layer 2 network, according to undisclosed sources familiar with the situation.