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Nifty News: Yuga cuts staff, NFT trading volume on Mythos Chain surges and more…

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Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team.

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Coin Market

Tether’s transparency and business structure raises $118B FTX-like concerns

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Tether’s market share surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influencer over the crypto industry.

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US ‘far behind’ on crypto, election no quick fix: Ripple APAC boss

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The United States is lagging behind crypto-friendly regions like Singapore and the UAE, but there’s still a chance it can catch up, says Ripple APAC MD Fiona Murray.

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Eclipse targets October to launch ‘Solana on Ethereum’ L2

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Eclipse aims to bring “Web2 scale to Web3” by combining the best of Ethereum security, Solana’s speed, and Celestia’s data storage capabilities.

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