Balancer stated that an issue was found in five of their pools. Developers took actions to reduce risks and eliminate the issue. Balancer asked the liquidity providers of vulnerable pools to withdraw their funds in order to avoid losses.
Martin Glenn, the federal judge dealing with the bankruptcy of Celsius, ruled that the funds under the Earn program belong to Celsius. At the same time, Letitia James, the Attorney General of New York, filed a lawsuit against Alex Mashinsky.
Mastercard in partnership with Polygon is launching a Web3 musicians accelerator that will help 5 emerging artists set up and manage their brands in the Web3 space.
The gaming giant Square Enix reaffirmed the company’s focus on blockchain technology with “multiple blockchain games based on original IPs under development” despite the public backlash against the initiative.
The company behind the popular NFT project Moonbirds, NFT Collective Proof, hopes to expand its partnerships and grow its brand beyond a Web3-native audience with the help of UTA talent agency.
Curated NFT marketplace SuperRare has laid off 30% of staff, according to CEO John Crain, because the company overhired during the market upswing and could not sustain its growth recently.
