Rokas Baltrušaitis

Matter Labs, the core developer of Ethereum Layer-2 scaling solution ZKsync has laid off part of its workforce as the company sharpens its focus on Prividium, its privacy-focused blockchain platform for regulated financial institutions. CEO Alex Gluchowski said the restructuring reflects the company’s evolving product strategy and not the quality of the affected employees. He added that Matter Labs is now fully committed to enterprise blockchain infrastructure with privacy at its core.

Michael Saylor believes Bitcoin (BTC)’s future extends far beyond simply buying and holding the cryptocurrency. In a new essay and an interview recorded at BTC Prague, the Strategy executive chairman argued that BTC should serve as the base layer for an entirely new financial architecture, one capable of supporting digital credit, digital money, digital yield products and digital equity.

Crypto exchange Coinbase has unveiled one of the biggest product expansions in its history, which include tokenized U.S. stocks, AI-powered investing tools, expanded derivatives trading, and new banking-style features. The announcement comes as demand for tokenized assets continues accelerating, and pre-IPO perpetual futures trading volume surged to roughly $12 billion in June.