Dydx CEO Announces Layoffs of 35% of Core Team Amid Strategic Shift

October 30, 2024 Bitcoin.com

bitcoin.com

Dydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company’s evolving goals. In a heartfelt blog post, Juliano acknowledged the dedication and contributions of the departing team members […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

dYdX lays off 35% of staff shortly after major Consensys cuts

October 30, 2024 Coin Telegraph

Coin Telegraph

The decentralized crypto exchange laid off more than a third of its workforce on the same day Ethereum development firm Consensys cut 162 employees.

dYdX Trading, the firm behind the decentralized crypto exchange, has laid off 35% of its staff, with its newly returned CEO Antonio Juliano hinting at the need for a new company direction.

“Today, I made the incredibly difficult decision to lay off 35% of the dYdX core team,” said Juliano, who rejoined as CEO of the company on Oct. 10 after stepping away from the role in May.

It comes on the same day that Consensys — the firm behind MetaMask — reduced its workforce by 20% in a bid to become a “more agile organization,” according to CEO Joe Lubin.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Derivatives Protocol Synthetix (SNX) Leads the DeFi Sector in Recent Development Activity: Santiment

October 18, 2024 The Daily Hodl

Bitcoin

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol’s whitepaper. Santiment notes that Synthetix clocked […]

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Dydx Launches Trump Election Perpetual Trading Market

October 16, 2024 Bitcoin.com

bitcoin.com

The decentralized finance (defi) platform Dydx has introduced a new prediction market allowing traders to speculate on Donald Trump’s chances in the 2024 U.S. presidential election. The decentralized platform enables users to leverage positions in a perpetual trading market tied to election results. Dydx Unveils Perpetual Prediction Market for 2024 Trump Election Outcome The Trump […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Phantom Wallet Joins Dydx, Easing Access for 7 Million Users

September 26, 2024 Bitcoin.com

bitcoin.com

Dydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Vitalik tells Ethereum L2s ‘Stage 1 or GTFO’ — Who makes the cut?

September 17, 2024 Coin Telegraph

Arbitrum

According to L2Beat, six Ethereum layer 2s have already reached Stage 1, while most others are still stuck at Stage 0.

Ethereum co-founder Vitalik Buterin stated on Sept. 12 that he will no longer consider a network a “layer 2” if it has not reached “Stage 1” by the end of the year.

“The era of rollups being glorified multisigs is coming to an end,” he stated, adding that “the era of cryptographic trust is upon us.”

The question of whether a network is a layer 2 isn’t just a technicality for the Ethereum community.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Dydx Introduces Major Chain Upgrade With New Features

August 14, 2024 Bitcoin.com

bitcoin.com

Decentralized exchange Dydx has announced a significant upgrade to its chain, introducing new features designed to enhance market liquidity and security. The update, set for release this autumn, marks the largest change to the Dydx Chain since its launch. Dydx Introduces Permissionless Market Listings and Megavault in Upcoming Chain Overhaul According to the announcement, the […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Over $900,000,000 in Altcoin Token Unlocks to Hit Crypto Markets in August: Report

July 31, 2024 The Daily Hodl

Over 0,000,000 in Altcoin Token Unlocks to Hit Crypto Markets in August: Report

Altcoins

Nearly a billion dollars in token unlocks are set to hit crypto markets in August, according to the latest numbers. Citing data from TokenUnlocks, blockchain reporter Colin Wu reports that over $900 million in unlocks are ready to be released next month. Some of the largest unlocks include those from decentralized exchange (DEX) dYdX, layer-one […]

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Decentralized Exchange dYdX Suffers Security Breach Amid Talks To Sell Trading Software: Report

July 25, 2024 The Daily Hodl

Bitcoin

The developer of the decentralized finance (DeFi) exchange dYdX is reportedly negotiating the sale of its derivatives trading software for an undisclosed amount. Citing anonymous sources, Bloomberg reports that dYdX Trading is in talks to sell dYdX v3 software to potential buyers, which include the algorithmic crypto trading company Wintermute Trading and the venture capital […]

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates

June 18, 2024 Bitcoin.com

bitcoin.com

The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According […]

dydx