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Cryptocurrency News Articles
dYdX CEO Cuts 35% of Workforce Amid Strategic Pivot in Turbulent Year
Oct 30, 2024 at 07:34 am
dYdX CEO Antonio Juliano announced a 35% cut in the company's core team, marking a major shift as the exchange repositions itself within the crypto derivatives market.
dYdX, a leading on-chain crypto derivatives exchange, recently underwent a major strategic pivot, cutting 35% of its workforce.
In a blog post titled “Letting Go,” CEO Antonio Juliano, who recently returned to his role earlier this month, explained the company’s need to restructure in response to the evolving landscape.
"I’ve made the incredibly difficult and sad decision to move on from 35% of the dYdX team
More thoughts on why and what this means tomorrow, but for today a goodbye
https://t.co/ssFAjXPE0J"
The move comes amid a turbulent year for dYdX, which saw Juliano briefly step down from his role and the exchange experience a sharp 50% drop in its total value locked (TVL) since March 2024.
Meanwhile, competitor Hyperliquid has seen rapid growth, surging 250% in TVL to amass over $860 million — nearly triple dYdX's current TVL.
DYDX CEO Cuts 35% of Workforce Amid Strategic Pivot in Turbulent Year
dYdX CEO Antonio Juliano announced a 35% cut in the company’s core team, marking a major shift as the exchange repositions itself within the crypto derivatives market.
Following an earlier resignation, Juliano returned to his role at the exchange on
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- HBO Max Reddit Account Hijacked for Crypto-Stealing Malware Attack: A New Wave of Sophisticated Scams
- Sep 17, 2026 at 12:05 pm
- A sophisticated malware campaign, dubbed PasteSwitch, leveraged the verified HBO Max Reddit account to distribute crypto-stealing malware, highlighting evolving threats to user accounts and digital assets.
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- House Committee Advances Strategic Bitcoin Reserve Bill, Shaping Future of Federal Crypto Holdings
- Sep 17, 2026 at 12:05 pm
- The House Financial Services Committee approved the American Reserve Modernization Act, moving the Strategic Bitcoin Reserve bill forward to establish federal Bitcoin and digital asset stockpiles.
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- Crypto Tax Bill: Digital Assets Face New Tax Rules, But Clarity Remains Elusive
- Sep 17, 2026 at 08:05 am
- The House advanced a crypto tax bill aiming to align digital asset tax rules with traditional finance, offering some relief but leaving key questions, especially for mining and staking, unresolved.
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- Bitcoin, Ether Brace for Continued Volatility as Fed's Unanimous Rate Hike Signals Hawkish Resolve
- Sep 17, 2026 at 07:55 am
- The Federal Reserve's unanimous quarter-point rate hike on September 16, 2026, sent Bitcoin and Ether swinging, as Chair Kevin Warsh doubled down on an inflation-first approach, setting the stage for ongoing crypto market recalibration.
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- MEV Bot Yoink's $7.8M Intervention: A Wild Ride in the Ethereum rsETH Exploit Saga
- Sep 17, 2026 at 07:45 am
- An MEV bot named Yoink recently front-ran a $7.8 million rsETH exploit on Ethereum, securing funds before a hacker could. This incident highlights the complex interplay of MEV bots, DeFi vulnerabilities, and the ongoing quest for blockchain security.
