Antonio Juliano, the founder of dYdX who recently returned to the position of CEO, announced in an official blog that he has decided to lay off 35% of the dYdX core team members. Earlier this month, Juliano first hinted at the need to revitalize the company when he returned to the company as CEO and said he was "going to founder mode."

Musk's xAI is in talks with investors about a funding round that would value it at around $40 billion. Just a few months ago, the startup was last valued at $24 billion when it raised $6 billion in the spring. People familiar with the matter said xAI hopes to raise billions of dollars in the new round, and the cash raised will be counted toward the $40 billion valuation. The financing discussions are at an early stage, which means terms could change and negotiations could fall apart.

DWF Labs announced on the X platform that a partner of the agency has been accused of inappropriate and unacceptable behavior. During the investigation of this matter, DWF Labs has decided to immediately terminate the management and operations positions of the above-mentioned partner.

Binance announced the launch of Binance Wealth, the exchange's first technology solution tailored specifically for the needs of wealth managers, providing them with an intuitive platform to oversee their clients' cryptocurrency investments securely and efficiently. The platform meets a growing market demand by enabling high-net-worth clients to access digital assets through their trusted wealth managers on Binance. Once onboarded, high-net-worth clients can choose to manage their investments themselves or receive advisory support from their wealth managers.

At 04:43:51 Beijing time, Tether Treasury minted 1 billion USDT on the Tron network. Tether CEO Paolo Ardoino said that the 1 billion USDT was a supplement to Tron's inventory. This is an authorized but unissued transaction, which means that this additional issuance will be used for the next issuance request and cross-chain exchange inventory.

Solayer released the Solana-based decentralized stablecoin protocol Solayer USD (sUSD), which allows anyone to participate in tokenized investments in low-risk assets such as U.S. Treasuries with just $5. sUSD is based on a basket of low-risk RWAs, currently supports U.S. Treasuries and will be expanded to other assets such as gold, with an annual yield of 4.33%. The income is automatically distributed in the form of USDC without additional operations.

In an agreement reached earlier this year, the Optimism Foundation agreed to provide Kraken with 25 million OP tokens, which was worth about $100 million at the time and is now worth about $42.5 million. The agreement allows Kraken to use the OP Stack to create its custom Layer-2, and the tokens will be unlocked in monthly batches.

The staking yield on the Ethereum network remained at about 3% in the third quarter of 2024, down from more than 3.5% in July. Ethereum's staking returns are lower than other major Layer 1 protocols such as Cosmos, Polkadot, Celestia, and Solana, which have yields of 7%-21%.

MetaMask wallet developer Consensys announced a 20% layoff of more than 160 employees. The layoffs were caused by macroeconomic pressures and expenses in legal disputes with regulators.

Arkham data shows that the Royal Government of Bhutan deposited 929 bitcoins (about 66.16 million U.S. dollars) to Binance in the past hour. Currently, the Royal Government of Bhutan holds a total of 12,456 bitcoins, about 887 million U.S. dollars.