Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem. OpenAI launched AI payments in ChatGPT, while Jane Street nearly eightfold its Fidelity Bitcoin ETF holdings while trimming its BlackRock stake.

MEGA, the organization behind Ethereum layer-2 network MegaETH, has reduced its workforce by 20% following months of restructuring as it expands into artificial intelligence products. 

On Friday, MegaETH co-founder Shuyao Kong said the organization had reorganized its teams, resulting in the departures of staff who worked on its blockchain, wallet, ecosystem support and communications. Kong did not disclose the number of employees affected or when the layoffs occurred. She said MEGA’s founders, early employees and core engineering team remain committed to the organization.

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