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BTC $77,456.14 +3.37%
ETH $2,438.85 +4.06%
BNB $643.78 +1.73%
XRP $1.49 +2.51%
SOL $89.40 +0.31%
TRX $0.3274 +0.06%
DOGE $0.1006 +1.51%
ADA $0.2617 +1.27%
BCH $455.28 +1.33%
LINK $9.69 +1.92%
HYPE $44.73 +2.85%
AAVE $116.55 +1.20%
SUI $1.01 +0.69%
XLM $0.1753 +4.01%
ZEC $330.42 -2.25%

product

StarkWare announces layoffs and reorganizes into two major business units, betting on monetizing its own products

According to The Block, zero-knowledge proof scaling developer StarkWare announced layoffs and initiated an internal restructuring. Co-founder and CEO Eli Ben-Sasson stated in an all-hands meeting that the company is "overly large" and needs to return to a "startup mode" to accelerate product-market fit. The specific number of layoffs and the timeline have not yet been disclosed, but the company promises to provide severance compensation that exceeds legal requirements.After the restructuring, StarkWare will split into two independent business units: one is a revenue-oriented application department led by current CPO Avihu Levy, focusing on developing monetizable products on its own technology stack; the other is the Starknet development department led by current product head Tom Brand. Each unit will have its own engineering, product, and marketing teams.Strategically, StarkWare plans to fully control the complete blockchain proof technology stack, including Cairo, Sierra, and quantum-resistant STARK cryptography, reducing reliance on external Layer 1 blockchains and application teams. Ben-Sasson stated that the company will shift from "doing many things well" to "doing a few things excellently," focusing on high-potential, high-value directions that only StarkWare can achieve. Additionally, COO Oren Katz has applied for resignation and will officially leave at the end of April.

Illustration of Kraken's 19 Web3 business partners: from product integration to on-chain financial entry

The Web3 asset data platform RootData has outlined Kraken's Web3 business partners. This "vertical cooperation network" has been deeply embedded in Kraken's product system, forming a product-centric Web3 capability integration model:On the wallet and user entry side, Kraken Wallet integrates on-chain asset management capabilities.In the comprehensive service layer, products like Kraken 360 further integrate various Web3 services, enhancing the one-stop experience for users.In yield scenarios, through products like DeFi Earn, protocols such as Ethena, Veda, and Chaos are introduced, encapsulating on-chain yield capabilities as functions within the platform.Additionally, Kraken has gradually internalized trading, OTC, and institutional service capabilities through acquisitions of institutions like Bit Trade and Circle Trade in its early years. A notable case includes Kraken's acquisition of Backed, which highly integrated its xStocks, presenting it as a core product on the official page, App, and Pro trading platform. Related collection: Kraken Web3 Partner Network Collection (continuously updated)Therefore, Kraken's strategy is closer to directly turning external capabilities into its own product functions and providing a complete distribution system, giving it stronger depth and extensibility.Cryptocurrency projects actively showcasing their partner networks have become a key way to enhance transparency and market trust. It is reported that RootData welcomes Web3 project parties to claim data and continues to track and open more project business relationship disclosure channels. The platform has continuously released multiple editions of the cryptocurrency project ecosystem map, nominating Web3 ecosystem partners for upstream clients such as Visa, Stripe, and Coinbase.If you wish to nominate your project in future ecosystem maps, please fill out the RootData 2026 Industry Ecosystem Mapping form to supplement your important clients and partners.

The Japanese government cabinet has approved a bill to classify cryptocurrencies as financial products

The Japanese government has passed an amendment to the Financial Instruments and Exchange Act at a cabinet meeting. This amendment regulates cryptocurrency assets (virtual currencies) as financial instruments for the first time and prohibits insider trading and other activities based on undisclosed information. At the same time, it requires cryptocurrency issuers to disclose information annually to improve the healthy market environment. If this bill is passed in the current Diet session, it is expected to be implemented as early as the 2027 fiscal year.Previously, the Financial Services Agency of Japan primarily regulated cryptocurrencies based on their positioning as "means of payment" under the Funds Settlement Act. However, in recent years, the use of cryptocurrencies as investment tools has been increasing, leading to their inclusion in the regulatory framework of the Financial Instruments and Exchange Act. Additionally, the name of registered institutions will change from "cryptocurrency asset exchange operators" to "cryptocurrency asset trading operators."At the same time, the penalties will also be strengthened: for unregistered institutions engaged in sales, the maximum prison sentence will increase from 3 years to 10 years, and the fines will rise from the current maximum of 3 million yen to a maximum of 10 million yen. By increasing penalties, the stance on protecting investors will be further reinforced.
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