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Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week
Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.
This Week Unlocks: ApeCoin Surpasses $50M, Aptos Exceeds $20M; Moonbeam, Flow, and Lido in Queue
Six cryptocurrency projects, including ApeCoin (APE) and Aptos (APT), are set to release significant tokens this week. Moonbeam will release 9.7 million GLMR tokens, valued at $1.74 million, on September 11; Aptos will unlock 4.54 million APT tokens, valued at $23.85 million, on September 12. Lido will make available 1.5 million LDO tokens, Euler will release 150,000 EUL tokens, Flow will unlock 7.29 million FLOW tokens, and ApeCoin will unlock 40.6 million APE tokens, valued at $51.6 million.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.