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Matter Labs Restructures, Cuts 16% of Workforce Amid Strategy Shift

Matter Labs, a key player in the crypto industry, is restructuring, resulting in a 16% workforce reduction. The decision, made to align with evolving market demands and internal strategy shifts,…

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Zksync’s ZK Token Debuts With $932M Valuation, South Korean Market Shows Strong Interest

Zksync’s token, known as ZK, is currently trading at a value 19% below its initial price of $0.321 during early morning sessions. The new cryptocurrency’s market valuation stands at $932.14…

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Allegations of ‘Rug Pull’ Arise After Gemholic Team Withdraws $3.5M in Previously Locked ETH

On June 7, the team behind the Zksync project Gemholic withdrew 921 previously locked ethereum tokens in a suspected rug-pulling incident. The Gemholic team executed the theft despite reportedly completing…

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Quicknode Enhances Blockchain Infrastructure With Zksync Hyperchain Support

Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of…

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