Crypto News
The Sandbox Cuts Half of Its Staff, Restructures as Animoca Brands Take Control
Metaverse platform The Sandbox is undergoing a sweeping restructuring that will see more than half of its roughly 250 employees laid off, according to a report from French crypto outlet The Big Whale. The move comes alongside a leadership shake-up in which co-founders Arthur Madrid and Sebastien Borget have been sidelined from executive roles. Their responsibilities are now being overseen by Yat Siu, CEO of Animoca Brands, The Sandbox’s majority shareholder.The restructuring reportedly includes closing offices in Argentina, Uruguay, South Korea, Thailand, and Turkey, with the company’s base in Lyon also expected to shutter. The measures highlight the platform’s struggle to translate years of investment into sustained user engagement. Despite raising $300 million over the past eight years, The Sandbox...
Solana DEX Traders Continue to Decline Amid Rise in Meme Coin Scams
Solana DEX traders are looking elsewhere for gains, with experts citing a rise in meme coin scams and a shift in perspectives.Source link
Thailand’s Ex-PM Endorses Push to Build Regional Crypto Hub
Thaksin met with global digital asset firms in Bangkok to discuss a sovereign reserve and Thailand’s role in regional crypto finance.Source link
Defi Coalition Asks Congress to Implement Protections for Developers in Upcoming Legislation
The Defi Education Fund and 111 institutions sent a letter to Congress requesting explicit protections for blockchain developers in upcoming regulations. The coalition stressed that without these protections, it “cannot support a market-structure bill.” 112-Institution Defi Coalition Pushes Congress for Blockchain Development Protections Institutions are taking action to ensure the future of blockchain development inSource link
Dwayne ‘The Rock’ Johnson Leads Kamala Harris as 2028 Democratic Presidential Hopeful on Polymarket
Dwayne "The Rock" Johnson, the WWE wrestler-turned-actor, has surpassed former U.S. Vice President Kamala Harris as the leading Democratic contender in the 2028 presidential race on the decentralized betting platform Polymarket.As of now, shares betting "yes" on Johnson's victory are trading at 7 cents, implying a 7% chance of the multi-millionaire actor winning the nomination. This places him fourth in the race, behind Gavin Newsom, Alexandria Ocasio-Cortez, and Pete Buttigieg.Meanwhile, traders priced in a 5% probability of Harris winning the bid, placing her in the 5th spot alongside Andy Beshear. Traders also see 1% chance of Tim Waltz, Michelle Obama and Mark Cuban emerging victorious.Polymarket is a decentralized prediction market platform that enables users to speculate on the outcome of...