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Crypto
Crypto data firm Dune cuts 25 percent of staff citing AI efficiency
Crypto data company Dune cut 25 percent of its workforce as it restructures to focus on its core data products, The Block reported on May 14. Co-founder and CEO Fredrik Haga said the layoffs are aimed at sharpening focus on a key data product used by thousands of crypto industry customers. He cited AI investment, saying Dune MCP enables teams and agents to build dashboards and workflows without SQL or data infrastructure knowledge.
Crypto
U.S. Treasury first acknowledges legal use of crypto mixers, submits report to Congress
The U.S. Treasury has officially acknowledged for the first time that crypto mixers can be used legally. In a report submitted to Congress in March, it said lawful digital asset users may use mixers to maintain financial privacy when making transactions on public blockchains. Crypto mixers are services that blend digital assets across multiple transactions, making it harder to trace the source of funds. The report reflects a recent trend in which the Trump administration has taken a more relaxed stance toward the crypto industry.
Crypto
Sky cuts token buyback by 87 percent to boost USDS, DAI reserves
Decentralised finance protocol Sky will sharply reduce the size of its token buyback programme to bolster stablecoin reserves. DL News reported that a digital cooperative operating Sky voted on March 12 to cut daily buybacks to $37,600 from $300,000, an 87 percent reduction, for three months. Founder Rune Christensen cited the war in Iran. Critics said the move came late as resources backing USDS and DAI have been shrinking.
