Jin10 Data, July 2 - Microsoft (MSFT.O) began notifying employees of layoffs in its gaming division on Wednesday morning, initiating a large-scale layoff process. According to insiders, the King division based in Barcelona will cut 10% of its workforce, amounting to approximately 200 jobs. This division is responsible for the Candy Crush game. Other European offices, such as ZeniMax, have also started notifying employees about the layoffs. It is expected that later on Wednesday, the U.S. branches will be informed of how many employees each office will lay off. As of January 2024, Microsoft’s gaming division has about 20,000 employees.

The LayerZero Foundation announced the launch of the lzCatalyst program, which will collaborate with 10 companies including a16z Crypto and PayPal Ventures to provide a total investment of up to 300 million US dollars for the newly built next-generation blockchain applications.

Gate News bot reports that with strong support from regulators, major banks in the United States are internally discussing entering the Crypto Assets space. However, according to four industry executives, the initial moves will be tentative, mainly focusing on pilot projects, partnerships, or limited Crypto Assets trading. Previously, due to strict regulations, Wall Street giants have been largely unable to engage in many Crypto Assets activities, but now they are preparing to rapidly develop taking advantage of favorable policies. However, the four executives stated that these banks are still reluctant to be the first to make large-scale expansions in the Crypto Assets space among competitors, to avoid violating the constantly changing rules. If a large company successfully expands, others will quickly follow suit, launching small-scale pilot projects and weighing other business prospects.

Analyst Jacob King referred to MicroStrategy's BTC-centric business model as a 'huge eyewash', deeming it unsustainable and destined to collapse. King said that MicroStrategy's strategy of issuing bonds to buy BTC is a "giant Ponzi eyewash". He explained that the company's model relies on a feedback loop: issuing debt or equity to buy BTC will boost the price of the currency, thereby increasing MicroStrategy's market value. Higher valuations allow the company to raise more funds, which can then be used to buy more BTC. King warns that the entire cycle depends on the continued rise in the price of BTC. King

Odaily Planet Daily News Elon Musk retweeted 'Elon is the undisputed meme king. 🍌' and replied: '🍌 for

Solana's Meme coin PESTO has broken through a market capitalization of $26 million on-chain, with a 24-hour increase of 275%, reaching a new all-time high. PESTO is a cute giant emperor penguin from Australia, so investment should be approached with caution.

Gate.io News bot message, BlackRock is the world's largest asset management company, and its founder and CEO Larry Fink, aged 73, is known as the "king of Wall Street" in the financial industry. BlackRock holds the largest shareholder position in nearly 900 publicly traded companies on the New York Stock Exchange and NASDAQ, including well-known companies such as Boeing, BHP, Total, Unilever, Barclays, U.S. Steel, and Alcoa. Among the 40 major listed companies included in the DAX 40 index in Germany, BlackRock is the largest shareholder of 13 of these companies, which include Siemens, BASF, Deutsche Bank, Deutsche Börse, Bayer, Adidas, and others. Source of information: Tencent Prism

BlockBeats news, on October 25, according to GMGN data, Solana on-chain MEME coin Pesto The Baby King Penguin (PESTO) surged over 400% in a short period of time, with Market Cap exceeding 3 million US dollars, a 24-hour increase of 325%, and a 24-hour trading volume of 2.2 million US dollars. It is reported that PESTO

Solana on-chain Mining project Ore announced the establishment of Regolith Labs and completed a $3 million financing round, led by Foundation Capital. Regolith Labs aims to accelerate the development of the ORE ecosystem and attract millions of new users to the Crypto Assets field through Solana's new Proof of Work Mining primitives and Liquidity network.

Bitcoin founders point to the emergence of a bear market, indicating the failure of Bitcoin's strategic reserves, institutional demand, ETF outflows, and surges. He believes that all narratives have been shattered, and Bitcoin is heading for a multi-year bear market that is expected to fall to incredible lows. Investors are advised to sell the asset and wait for it to fall by more than 85% before buying it back.

Solana on-chain mining project ORE has completed the upgrade of over 11,000 Tokens, and the remaining v1 Token holders need to complete the upgrade before November 2nd; at the same time, ORE has completed a $3 million seed round financing, led by Foundation Capital, with multiple institutions participating.

According to WhaleWire founder Jacob King in a social media post, "BTC is still in the early stages of the Bear Market." The dumping from 108K to 83K that I predicted was almost nothing. We will fall even lower. I've been saying this for months, but I urge those who are still holding on to leave as soon as possible. There will be no survivors in the upcoming fall! ”

Lebanon's sovereign dollar bonds hit a two-year high on Tuesday as investors are optimistic that a potential ceasefire with Israel could improve Lebanon's outlook. The bonds have pumped more than 3% this week and are still trading below 10% of face value. Investors are considering the right time to buy in, with the ceasefire seen as the first step needed to restructure the bonds.

Multiple on-chain animal-themed Meme Tokens have once again seen a general rise in value. Tokens such as EDOGE, PESTO, MOODENG, and CHEEMS all have a market capitalization exceeding one million US dollars, and have shown significant growth, attracting attention in the market.

MemeToken PESTO on the ETH blockchain has a market capitalization of over $1.7 million, with an increase of 660% in the past 2 hours and 157% in the past 24 hours. However, such Meme coins have no practical use case and their prices fluctuate greatly, so investment needs to be cautious.

Ether.fi, a stake protocol on the Ethereum network, announced the start of its fifth season event, which will run until May 31, 2025. Participants will be rewarded with at least 10 million ETHFI Tokens, partner Tokens, and rewards from King Protocol. StakeRank will also make a comeback, with longer staking periods earning higher loyalty points.

Ether.fi announced that the fourth quarter Snapshot will take place on January 31 and rewards will be distributed in mid-February, covering all participants in this season and ETHFI obtained from cooperative activities. It is worth noting that the rewards for future seasons will be automatically allocated to the stakers' KING balance.