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Produced by Daniel Aharonoff & Mogul Media AI

WOO X Partners with Wintermute for Crypto Innovation

WOO X Partners with Wintermute and GMCI: A Strategic Leap into the Future of Crypto In an ever-evolving landscape of cryptocurrency, the recent partnership between WOO X, Wintermute, and GMCI signals a bold move towards innovation and accessibility. This collaboration focuses on introducing index perpetual contracts linked to meme coins, leading cryptocurrencies, and layer 2 tokens. As the market continues to mature, it is essential for exchanges to adapt and cater to the diverse needs of traders and investors alike. Key Developments from WOO X Partnership Details : The collaboration with Wintermute and GMCI aims to provide a structured trading environment, enabling users to engage with a wider array of assets, particularly those that have captured the public's imagination, such as meme coins. Funding Success : WOO X successfully closed a $9 million funding round in January, which underscores investor confidence and the exchange's potential for growth in the competitiv...
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Produced by Daniel Aharonoff & Mogul Media AI

NEAR Foundation Restructures Team: Insights into Strategic Shifts

The recent announcement of the NEAR Foundation downsizing its team by approximately 40 members marks a significant shift in focus for the entity behind the Layer 1 blockchain NEAR. This move comes as a result of an internal review that highlighted areas where the Foundation could be more effective. Despite the reduction in workforce, NEAR Foundation CEO Ilia Polosukhin reassured stakeholders that the NEAR Treasury remains robust, boasting over $285 million in fiat currency and 305 million NEAR tokens valued at over $1 billion.

Key Points:

  • NEAR Foundation downsizing team by around 40 members
  • Shift towards a more narrow set of activities after internal review
  • CEO reassures stakeholders of strong NEAR Treasury
  • Treasury holds over $285 million in fiat currency and 305 million NEAR tokens worth over $1 billion
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