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Near Foundation lays off 40% of workforce despite rosy financials

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The firm says the cuts were necessary to consolidate the team and “focus on a narrower and higher-impact set of activities.”

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Coin Market

Europe’s MiCA regime puts smaller crypto firms under pressure

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Smaller crypto companies across Europe face mounting compliance costs as MiCA moves from framework to enforcement, raising fears of market consolidation.

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Coin Market

UK cracks down on illegal peer-to-peer crypto trading in nationwide raids

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The Financial Conduct Authority has raided eight locations suspected of illegal peer-to-peer crypto trading, issuing cease-and-desist orders.

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Coin Market

Aave deposits fall by $15B as Kelp exploit sparks flight from DeFi lender

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Aave’s supplied balance has tanked since the Kelp DAO bridge exploit, as users pull funds amid uncertainty over how much of the rsETH-linked shortfall the protocol will ultimately absorb.

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