Crypto Market Maker GSR Makes Further Layoffs as Bear Market Bites

The news comes as Google deepens its footprint in the web3 world with a number of crypto projects.
Millions of people are using the opportunity of the crypto collapse to buy into projects at lower prices than their all-time highs.
Digital asset algorithmic market maker Wintermute has been exploited for approximately $160 million in its decentralized finance operations.
Holders of XMON, the native token behind the 0xmon NFT collection, will receive 41.9% of SUDO’s initial supply of 60 million.
Ethereum scaling solution Polygon has been selected to participate in Disney’s Accelerator Program to further Polygon’s development of Web3 experiences.
Binance Labs’ parent firm Binance is also looking to hire 2,000 employees amid the latest market decline as the firm sees bear markets as a “great time to bring on top talent.”
According to Emin Gün Sirer, director of the Avalanche Foundation, subnetworks could be the next big thing in blockchain technology.