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Looking ahead to May, the Pyth network’s first major token unlock since launch promises to unlock over $1.25 billion worth of tokens at current value. Plus, hundred-million unlocks from Avalanche, Aptos, Arbitrum, and Memeland.
Quick Take Ahmad Shadid, CEO of Solana-based decentralized compute provider io.net, explained on X how the protocol has been working to expel users from the network who spoofed GPUs in order to farm io.net rewards. Crypto investors had questioned the true numbers of GPUs available on io.net’s platform. Shadid called the attack a “painful lesson” and promised that it would not delay the launch of future releases or the $IO token.
DYDX has become the powerhouse of the layer-1 dYdX blockchain, enabling decentralized governance on the network.
- 20:58BlackRock to cut about 1% of its workforce to realign resources and strategyOn January 9, BlackRock (BLK.N) informed its employees that the company will cut about 1% of its workforce. The group entered into more than $25 billion in acquisition deals last year to expand its business in non-public market assets and data. BlackRock President Rob Kapito and Chief Operating Officer Rob Goldstein told employees in a memo Wednesday that they plan to realign resources with strategy through the layoffs and other measures. The company has more than 21,000 employees, meaning about 200 will be affected.
- 20:57SOL falls briefly below $190, down 8% in 24 hoursSOL briefly fell below $190, down 8% in 24 hours
- 20:56An address bought $63,000 worth of LLMs early on, and the current position value rose to $1.3 millionOn January 9, a DxjmH address bought $63,000 worth of LLM within 3 hours of the LLM going live, and the current position value has risen to $1.3 million, according to monitoring.