$106,561.00
2.10%$2,623.83
3.22%$2.26
4.74%$668.14
1.67%$162.21
6.04%$0.999791
-0.00%$0.197402
2.88%$0.270722
1.40%$0.692575
2.89%$2,620.32
3.23%$106,573.00
2.25%$38.02
13.05%$3.31
1.09%$3,138.65
2.70%$14.34
4.64%$21.38
4.02%$0.275604
3.79%$8.79
4.24%$407.71
1.97%$3.20
-0.00%$0.00001327
3.07%$0.174959
3.69%$2,620.30
3.17%$0.99985
0.01%$90.03
1.93%$2,799.23
3.15%$348.85
-4.85%$4.19
3.71%$0.999842
0.01%$1.002
0.07%$4.85
3.10%$0.00001279
8.86%$106,509.00
2.09%$0.650162
1.22%$31.50
0.36%$270.40
7.44%$6.77
7.21%$395.49
-2.84%$1.18
0.04%$5.00
5.37%$2.57
6.22%$0.102913
-0.89%$50.57
1.66%$195.16
5.85%$1.00
0.00%$5.37
9.07%$0.862689
3.64%$17.65
2.82%$32.35
2.98%$1.054
-0.00%$0.091327
5.07%$19.71
2.65%$0.680762
-0.17%$11.32
1.28%$1.00
0.02%$0.02505303
3.50%$0.824127
10.99%$4.07
5.35%$4.45
2.40%$0.341882
9.64%$0.218632
1.75%$106,276.00
2.16%$1.23
8.90%$4.43
0.45%$0.368752
6.72%$2.63
2.96%$0.201765
4.03%$0.550633
6.15%$111.60
7.11%$0.99889
0.10%$2,619.34
3.14%$4.53
2.56%$2.28
4.28%$171.17
5.91%$11.23
-0.17%$0.00001764
5.37%$0.417893
1.46%$1.00
0.07%$2.01
3.07%$12.95
8.89%$1.26
1.91%$2,982.45
3.26%$2,741.86
3.29%$0.01846171
-2.81%$0.792839
7.72%$4.23
2.02%$1.17
6.90%$0.680885
4.98%$0.202943
5.42%$0.584723
6.38%$1.12
13.06%$1.035
20.89%$0.660304
3.27%$0.999458
-0.03%$1,894.46
10.79%$106,395.00
1.97%$0.060099
-1.67%$2,799.31
3.38%$0.099956
5.26%$0.701713
4.65%$0.999589
0.00%$2,744.15
3.46%$1.00
0.02%$667.18
1.57%$2,767.09
3.98%$106,454.00
2.02%$54.06
1.35%$0.0000889
5.39%$179.91
5.72%$3,353.86
-0.71%$106,215.00
1.35%$3,364.61
-0.70%$0.795669
4.64%$0.0174995
4.96%$0.871928
3.67%$2.43
2.26%$209.57
5.70%$0.01553401
2.66%$22.01
4.83%$2.51
7.31%$0.190371
3.44%$0.722338
2.63%$0.122849
3.00%$0.286413
4.56%$4.30
4.07%$0.01101484
5.69%$0.509749
4.05%$0.0000007
1.89%$34.35
2.80%$0.115429
3.50%$1.00
0.02%$111.28
0.02%$106,307.00
2.06%$0.997323
-0.06%$1.85
9.13%$2.01
0.01%$0.589178
3.72%$1.75
6.32%$3.30
-0.64%$0.37812
3.07%$1.091
0.02%$2,623.59
3.27%$2,623.16
3.32%$0.573056
5.21%$0.697852
5.84%$0.056134
8.95%$2,745.04
3.80%$0.287627
4.53%$1.10
-0.02%$2,800.14
3.26%$0.01574357
5.38%$0.999726
-0.03%$0.20053
-4.37%$1.81
4.52%$106,403.00
1.95%$9.08
-35.71%$0.196953
2.81%$37.78
12.25%$2,621.88
3.20%$106,344.00
2.13%$0.9993
0.06%$0.450478
11.48%$0.143118
4.05%$0.00471304
5.52%$1.55
10.27%$0.431255
1.61%$0.999703
-0.01%$0.587208
5.49%$0.064001
1.48%$0.54947
5.50%$15.99
3.37%$1.87
-1.81%$0.382936
3.98%$0.04900682
6.58%$0.00002221
1.83%$6.74
6.01%$6.24
4.42%$1.089
10.20%$0.00000043
0.53%$0.0073979
3.30%$2.63
3.68%$102,894.00
0.02%$0.00452691
9.07%$37.77
12.29%$1.25
8.20%$0.416706
15.37%$1.088
0.00%$0.991241
-0.34%$0.404543
-0.79%$0.079778
4.06%$0.00000103
14.96%$2,618.49
2.95%$36.45
0.96%$0.607854
1.91%$1.41
6.68%$2,833.02
3.26%$0.998309
-0.27%$0.084416
6.42%$0.04028549
1.99%$2,781.45
3.00%$42.69
4.70%$0.153407
4.33%$1.001
-0.01%$0.149015
5.79%$0.00466866
-20.83%$1.39
10.67%$0.01914347
1.79%$2,886.03
3.15%$104,922.00
0.01%$0.00418634
1.39%$0.00670952
3.33%$132.55
2.46%$2,858.89
3.27%$106,498.00
2.09%$0.81444
2.28%$0.03427009
3.69%$0.000061
2.88%$2,619.77
3.11%$8.00
-3.48%$0.218521
1.59%$0.135097
5.66%$0.33327
5.39%$19.63
-0.85%$21.37
3.83%$0.70658
3.98%$175.79
5.80%$2,619.27
3.32%$0.335351
2.40%$0.999762
-0.03%$0.999629
0.14%$2.61
7.12%$0.999913
0.12%$0.999723
-0.02%$0.521284
2.08%$0.00348015
7.62%$0.00446909
4.48%$0.219437
4.20%$0.647258
1.60%$0.00000144
1.48%$0.285398
12.19%$0.999732
-0.01%$16.74
4.34%$3.05
6.94%$2.76
7.93%$3,351.81
-0.75%$107,055.00
3.28%$22.38
2.55%$1.67
-0.46%Reading
Matter Labs, the company behind Ethereum scaling network ZKsync, announced on Tuesday that it laid off over 16% of its staff, in the latest contraction to shake up the crypto industry.
Alex Gluchowski, the company’s co-founder and CEO, announced the move publicly, calling it “the hardest change” he’s had to implement in Matter's six-year history.
“Our market environment and business needs have changed significantly over the course of this year,” Gluchowski tweeted, explaining the decision. “We went through a large org planning exercise, and it became clear that the talent and roles we have today do not perfectly match our needs.”
Affected employees were already notified of their termination, which in no cases had to do with job performance, per the CEO.
I just sent this message to the Matter Labs team:
===
Today, I’m sharing the hardest change we had to make in the 6-year history of Matter Labs. We are restructuring the organization and parting ways with many amazing team members (~16% of the team). We’ve already reached out…
— Alex G. (∎, ∆) (@gluk64) September 3, 2024
A Matter Labs spokesperson confirmed to Decrypt that the layoffs impacted 24 employees, putting the company’s total headcount at 126. Blockworks first reported the news.
The spokesperson declined to elaborate on which departments were impacted by the layoffs. Matter Labs is still hiring for engineering, business development, and operational roles that Gluchowski described as “critical.”
Former employees will also receive exit packages including three months of pay, four months of health care, full vesting of company shares through the effective termination date, and career support, according to Gluchowski.
Ethereum co-founder Vitalik Buterin said Tuesday that the Ethereum Foundation pays him an annual salary of around $140,000, as the organization centered around Ethereum’s developers and researchers prepares a new spending report amid public scrutiny of its budget. The Canadian programmer helped establish the Swiss-based nonprofit in 2014, which supports Ethereum’s ecosystem through research, grants, and events. Regarded as one of the crypto industry’s centric visionaries, Buterin sits on the Eth...
Matter Labs framed the layoffs as a necessary step given changing demands from teams building on ZKsync, one of the myriad Ethereum scaling networks that have launched in recent years, aiming to entice users with cheap gas fees and speedy transaction times.
In that crowded field of layer-2s and sidechain scaling networks, which includes heavy hitters like Coinbase’s Base, Polygon, Arbitrum, and Optimism, among many others, it appears Matter Labs is rethinking how to best position itself.
In June, the company announced the Elastic Chain, a means to allow the growing number of teams building custom chains on top of ZKsync to move smoothly (interoperably) across them all.
On Tuesday, Gluchowski emphasized that the launch of the Elastic Chain pushed Matter Labs to re-evaluate its overarching strategies, goals, and team composition. This indicates that the company may be moving away from marketing itself as a general purpose Ethereum scaler—and towards supporting more niche and case-specific uses—as a means to stay competitive.
Edited by Andrew Hayward
Coinbase was made aware in January of a customer data breach involving its third-party contractor TaskUs months before publicly disclosing the incident, Reuters reported Monday, citing six sources familiar with the matter. According to five former TaskUs employees, the breach was traced to an India-based TaskUs support agent who had been photographing her work computer screen with a phone. The employee and an alleged accomplice were suspected of selling Coinbase user information to hackers in e...
Strategy, formerly MicroStrategy, announced plans Monday to raise fresh capital by selling shares of preferred stock, with the proceeds earmarked for Bitcoin purchases and other operational expenses. Operating as a "Bitcoin Treasury" company, Strategy is seeking $250 million through an initial public offering of 2.5 million shares of its "10% Series A Perpetual Stride Preferred Stock” (STRD). The stock will be listed on the Nasdaq, with each share initially priced at $100, offering investors a...
Tether CEO Paolo Ardoino said on Monday that the stablecoin firm had moved 25,812 Bitcoin to a new address as part of its dealings with Twenty One Capital, a Bitcoin treasury company involving crypto exchange Bitfinex and Wall Street giants Cantor Fitzgerald and SoftBank. Ardoino, who also serves as Bitfinex’s chief technical officer, wrote across several posts on the social media platform X that Tether was moving the asset “as part of the pre-funding of the initial convert/equity raise in Twent...
