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Summary:
Celsius Network has reportedly laid off 150 staff members who constitute 25% of its workforce.
The team behind the lending platform had last month hired restructuring advisors.
Summary:
Coca-Cola has announced plans to release a Pride series NFT collection to celebrate the LGBTQIA+ community.
Coca-Cola will be collaborating with artist and advocate Rich Mnisi.
The Pride Series NFT collection will be minted on the Polygon Network (MATIC).
Summary:
Circle’s CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse.
He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects.
Summary:
KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals.
According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows Capital, or Babel Finance.
He further reassures that ‘everything on KuCoin is operating well.
Summary:
The team at Celsius Network has debunked rumors that the project’s CEO attempted to flee the United States.
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Summary:
Ethereum co-founder, Vitalik Buterin, has thrown some shade into Su Zhu’s alleged $50 million yacht purchase.
According to Vitalik, there are better ways of burning $50 million, such as becoming a Gitcoin grants matching partner.
Summary:
Ethereum core developers have confirmed that only Goerli and Sepolia Testnets will be maintained after the Merge.
The Kiln, Rinkeby, and Ropsten testnets will slowly be retired.
Ethereum developers are urged to shift to Goerli and Sepolia.
Summary:
Ethereum’s Vitalik Buterin has criticized Bitcoin’s stock-to-flow model by PlanB.
Vitalik explains that the stock-to-flow model is not looking good, and financial models that give people false hope deserve all the mockery they get.
Mr.
Key takeaways:
Uniswap labs have welcomed the former President of the New York Stock Exchange, Stacey Cunningham, as an advisor.
Ms. Cunningham served as the NYSE’s first female President between 2018 and 2022.
Quick take:
Polygon Studios has welcomed new hires from the web2 companies of Amazon, Google, Youtube, Electronic Arts, Penske Media and Mythical Games
The move is part of plans by Polygon Studios to strengthen its gaming initiative
Polygon Studios, the developer relationship arm of Polygon Techno
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