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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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🪙 Ethereum and MetaMask developer Consensys has announced a reduction of about 20% of their workforce - this applies to 160 out of 828 employees
This solution, as explained by company CEO Joe Lubin, is proposed due to the economic difficulties and increased legal costs resulting from long disputes with regulatory agencies.
We also noticed that the ETH/BTC (Ethereum versus Bitcoin) exchange rate has dropped below 0.037, reaching its lowest level since April 15, 2021.