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Lido Co-Founder: Contributor Team to Be Downsized, Around 15% of Employees Affected
According to ChainCatcher, Lido co-founder Vasiliy Shapovalov stated on social media last weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of the contributor team, with about 15% of employees affected. This decision is not related to job performance, but is purely a cost consideration. It is a tough choice, but it is made with long-term resilience in mind. Although making such a decision during a market uptrend may seem counterintuitive, it demonstrates our strong commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is planning for development over the coming decades, and this adjustment will help solidify that foundation."
According to ChainCatcher, Lido co-founder Vasiliy Shapovalov stated on social media last weekend: "To ensure long-term sustainability, Lido Labs, the Lido ecosystem, and the Lido Alliance have made the difficult decision to reduce the size of the contributor team, with about 15% of employees affected. This decision is not related to job performance, but is purely a cost consideration. It is a tough choice, but it is made with long-term resilience in mind. Although making such a decision during a market uptrend may seem counterintuitive, it demonstrates our strong commitment to sustainable growth, operational focus, and alignment with the interests of LDO token holders. Lido is planning for development over the coming decades, and this adjustment will help solidify that foundation."
Fairmint CEO: Tokenized Securities and On-Chain Equity May Reshape Capital Markets
According to ChainCatcher, as reported by Crowdfund Insider, Fairmint CEO and co-founder Joris Delanoue recently shared the latest insights on tokenized securities and on-chain equity. Delanoue stated that since its founding in 2019, Fairmint has been building infrastructure to support on-chain equity and launched the Open Cap Table Protocol (OCP), claiming to have processed over $1 billion in native on-chain equity. He pointed out that on-chain equity means issuing and managing company shares directly on the blockchain, with smart contracts reflecting ownership, transfer rules, and compliance conditions in real time.
Delanoue emphasized, "For founders, this is transformative. They can embed rules such as investor eligibility, transfer restrictions, or price thresholds directly into the equity itself. For shareholders, it means self-custody—you are not just listed in someone else's private database, but truly hold your own on-chain investment portfolio, able to view, verify, and transfer shares (if conditions permit)." He also mentioned that although U.S. securities laws still apply, on-chain equity offers a simpler and more transparent experience for all participants.
According to ChainCatcher, as reported by Crowdfund Insider, Fairmint CEO and co-founder Joris Delanoue recently shared the latest insights on tokenized securities and on-chain equity. Delanoue stated that since its founding in 2019, Fairmint has been building infrastructure to support on-chain equity and launched the Open Cap Table Protocol (OCP), claiming to have processed over $1 billion in native on-chain equity. He pointed out that on-chain equity means issuing and managing company shares directly on the blockchain, with smart contracts reflecting ownership, transfer rules, and compliance conditions in real time.
Delanoue emphasized, "For founders, this is transformative. They can embed rules such as investor eligibility, transfer restrictions, or price thresholds directly into the equity itself. For shareholders, it means self-custody—you are not just listed in someone else's private database, but truly hold your own on-chain investment portfolio, able to view, verify, and transfer shares (if conditions permit)." He also mentioned that although U.S. securities laws still apply, on-chain equity offers a simpler and more transparent experience for all participants.
Lido Cuts 15% of Staff Due to Cost Pressures
According to a report by Jinse Finance, Lido co-founder Vasiliy Shapovalov announced in a statement that, due to cost considerations, Lido Labs, Lido Ecosystem, and Lido Alliance have made the difficult decision to lay off approximately 15% of their staff. This adjustment is not related to performance issues; those affected are all key members who have been deeply involved in the development of the protocol and the community. Shapovalov stated that although the market is currently in an upward phase, this decision reflects a commitment to long-term resilience and sustainable growth, aiming to focus on operational priorities, optimize resource allocation, and align with the interests of LDO token holders.
According to a report by Jinse Finance, Lido co-founder Vasiliy Shapovalov announced in a statement that, due to cost considerations, Lido Labs, Lido Ecosystem, and Lido Alliance have made the difficult decision to lay off approximately 15% of their staff. This adjustment is not related to performance issues; those affected are all key members who have been deeply involved in the development of the protocol and the community. Shapovalov stated that although the market is currently in an upward phase, this decision reflects a commitment to long-term resilience and sustainable growth, aiming to focus on operational priorities, optimize resource allocation, and align with the interests of LDO token holders.
Data: Broad Rebound in Crypto Markets, PayFi Sector Leads with Over 6% Gain, BTC Rises to $114,000
ChainCatcher reports that according to SoSoValue data, after a period of sustained decline, the crypto market has rebounded, with most sectors seeing gains of approximately 2% to 6%. Notably, the PayFi sector led the way with a 24-hour increase of 6.58%. Within this sector, XRP, Telcoin (TEL), and Stellar (XLM) rose by 6.86%, 9.67%, and 10.94% respectively. Meanwhile, Ethereum (ETH) climbed 3.23%, breaking through the $3,500 mark. Bitcoin (BTC) rose 1.22%, recovering to $114,000.
It is worth noting that MAG7.ssi increased by 2.73%, MEME.ssi by 4.78%, and DEFI.ssi by 5.54%.
Other standout sectors include: the NFT sector, which rose 4.94% in 24 hours, with Pudgy Penguins (PENGU) up 8.49%; the DeFi sector, up 4.64%, with Ethena (ENA) surging 15.07% and Jupiter (JUP) up 6.30%; and the RWA sector, up 4.63%, with Pendle (PENDLE) and Keeta (KTA) rising 6.46% and 13.08% respectively.
In other sectors, the Meme sector rose 3.69%, with Pump.fun (PUMP) and Bonk (BONK) up 7.08% and 7.60% respectively; the Layer2 sector increased by 3.32%, Layer1 by 2.42%, and Hedera (HBAR) by 7.02%; the CeFi sector rose 1.80%, with Cronos (CRO) up 3.44%.
Indices reflecting historical sector performance show that the ssiPayFi, ssiNFT, and ssiDeFi indices rose by 6.92%, 6.71%, and 5.57% respectively.
ChainCatcher reports that according to SoSoValue data, after a period of sustained decline, the crypto market has rebounded, with most sectors seeing gains of approximately 2% to 6%. Notably, the PayFi sector led the way with a 24-hour increase of 6.58%. Within this sector, XRP, Telcoin (TEL), and Stellar (XLM) rose by 6.86%, 9.67%, and 10.94% respectively. Meanwhile, Ethereum (ETH) climbed 3.23%, breaking through the $3,500 mark. Bitcoin (BTC) rose 1.22%, recovering to $114,000.
It is worth noting that MAG7.ssi increased by 2.73%, MEME.ssi by 4.78%, and DEFI.ssi by 5.54%.
Other standout sectors include: the NFT sector, which rose 4.94% in 24 hours, with Pudgy Penguins (PENGU) up 8.49%; the DeFi sector, up 4.64%, with Ethena (ENA) surging 15.07% and Jupiter (JUP) up 6.30%; and the RWA sector, up 4.63%, with Pendle (PENDLE) and Keeta (KTA) rising 6.46% and 13.08% respectively.
In other sectors, the Meme sector rose 3.69%, with Pump.fun (PUMP) and Bonk (BONK) up 7.08% and 7.60% respectively; the Layer2 sector increased by 3.32%, Layer1 by 2.42%, and Hedera (HBAR) by 7.02%; the CeFi sector rose 1.80%, with Cronos (CRO) up 3.44%.
Indices reflecting historical sector performance show that the ssiPayFi, ssiNFT, and ssiDeFi indices rose by 6.92%, 6.71%, and 5.57% respectively.
Project Hunt: Ventuals, an Unlisted Company Equity Derivatives Platform, Becomes the Project with the Most New Top Follower Additions in the Past 7 Days
According to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past seven days, the unlisted company equity derivatives platform Ventuals has attracted the most new followers among X (Twitter) top influencers. Notable new followers of this project on X include NFT collector Gmoney (@gmoneynft), crypto industry KOL WSBMod (@wsbmod), and Mr. Block (@mrblocktw).
In addition, Fireverse is also among the projects with the most new followers from X top influencers.
According to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past seven days, the unlisted company equity derivatives platform Ventuals has attracted the most new followers among X (Twitter) top influencers. Notable new followers of this project on X include NFT collector Gmoney (@gmoneynft), crypto industry KOL WSBMod (@wsbmod), and Mr. Block (@mrblocktw).
In addition, Fireverse is also among the projects with the most new followers from X top influencers.
RootData: BMT to Unlock Tokens Worth Approximately $1.97 Million in One Week
According to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Bubblemaps (BMT) will unlock approximately 25.87 million tokens, valued at around 1.97 million US dollars, on August 11 at 11:00 (GMT+8).
According to ChainCatcher, citing token unlock data from the Web3 asset data platform RootData, Bubblemaps (BMT) will unlock approximately 25.87 million tokens, valued at around 1.97 million US dollars, on August 11 at 11:00 (GMT+8).
Grok Imagine is now available to all SuperGrok and Premium+ subscribers
According to Jinse Finance, Elon Musk tweeted that Grok Imagine is now available to all SuperGrok and Premium+ subscribers. The new features of Grok Imagine include: text-to-video generation (users can quickly create short videos with sound from text prompts, with a maximum length of 6 seconds), and image-to-video conversion (static images can be transformed into dynamic videos, supporting animated artworks, sculptures, or other pictures), among others.
According to Jinse Finance, Elon Musk tweeted that Grok Imagine is now available to all SuperGrok and Premium+ subscribers. The new features of Grok Imagine include: text-to-video generation (users can quickly create short videos with sound from text prompts, with a maximum length of 6 seconds), and image-to-video conversion (static images can be transformed into dynamic videos, supporting animated artworks, sculptures, or other pictures), among others.
Market Analysis: Disappointing US Employment Data Will Intensify Market Volatility
According to Jinse Finance, last week, Trump dismissed the head of the U.S. Bureau of Labor Statistics on the grounds of "manipulating" data, further fueling skepticism in the currency markets. Kieran Davies, Chief Macro Strategist at Coolabah Capital, stated that any further downward revision of U.S. employment growth data could further enrage Trump. Davies warned that the government has yet to appoint a replacement commissioner, but if the data is actually manipulated or perceived by the market as being manipulated (for example, by ceasing to publish certain data based on environmental and health statistical expertise), this would increase volatility in the financial markets. (Jin10)
According to Jinse Finance, last week, Trump dismissed the head of the U.S. Bureau of Labor Statistics on the grounds of "manipulating" data, further fueling skepticism in the currency markets. Kieran Davies, Chief Macro Strategist at Coolabah Capital, stated that any further downward revision of U.S. employment growth data could further enrage Trump. Davies warned that the government has yet to appoint a replacement commissioner, but if the data is actually manipulated or perceived by the market as being manipulated (for example, by ceasing to publish certain data based on environmental and health statistical expertise), this would increase volatility in the financial markets. (Jin10)
Cross-Chain Bridge Flows in the Past 7 Days: Unichain Sees Net Inflow of $55.54 Million, Arbitrum Records Net Outflow of $569 Million
According to a report by Jinse Finance, DefiLlama data shows that Unichain’s cross-chain bridge has seen a net inflow of $55.54 million, followed by Avalanche and Ink, with net inflows of $52.05 million and $50.49 million respectively. Arbitrum, Ethereum, and Berachain have experienced net outflows of $569 million, $177 million, and $34.73 million respectively.
According to a report by Jinse Finance, DefiLlama data shows that Unichain’s cross-chain bridge has seen a net inflow of $55.54 million, followed by Avalanche and Ink, with net inflows of $52.05 million and $50.49 million respectively. Arbitrum, Ethereum, and Berachain have experienced net outflows of $569 million, $177 million, and $34.73 million respectively.
France’s Right-Wing National Rally Plans to Promote Legislation Supporting Nuclear-Powered Bitcoin Mining
According to a report by Jinse Finance, citing France's Le Monde, the French right-wing party "Rassemblement National" plans to propose a bill to use surplus electricity from nuclear power plants for Bitcoin mining. Party member Aurélien Lopez-Liguori began drafting the relevant legislation in July. The proposal aims to deploy high-performance computers at nuclear power plants operated by French energy giant EDF, participating in blockchain network operations by performing complex calculations to earn newly minted Bitcoin as a reward.
According to a report by Jinse Finance, citing France's Le Monde, the French right-wing party "Rassemblement National" plans to propose a bill to use surplus electricity from nuclear power plants for Bitcoin mining. Party member Aurélien Lopez-Liguori began drafting the relevant legislation in July. The proposal aims to deploy high-performance computers at nuclear power plants operated by French energy giant EDF, participating in blockchain network operations by performing complex calculations to earn newly minted Bitcoin as a reward.