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StarkWare underwent a workforce reduction and restructured into two business units to sprint towards revenue growth targets

2 hours ago

April 13 (The Block) — StarkWare, a zero-knowledge rollup development firm, is laying off employees and restructuring into two business units as it shifts from a pure infrastructure provider to building its own products to drive "meaningful revenue." Co-founder and CEO Eli Ben-Sasson announced the changes during an all-hands meeting Monday. He did not disclose specific layoff numbers or a timeline, but emphasized the streamlining is needed to revert to a "startup mode" mindset and speed up product-market fit. Affected employees will receive an email shortly after the meeting and be invited to one-on-one discussions with their direct managers, Ben-Sasson noted. The company will also offer separation packages exceeding legal and contractual requirements in many jurisdictions.
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STS Digital: Bitcoin Bearish Sentiment Rises, Options Market Shows Investors Seeking Downside Protection

**April 13 – Bitcoin traders are actively positioning for a price drop, STS Digital CEO Maxime Seiler said Wednesday.** The crypto exchange chief noted in a report that demand for put options (downside protection) is far outpacing call options. Investors are paying premiums for downside safeguards while selling upside bets — a clear sign of market panic, he added. At the time of the bearish signal, Bitcoin was trading just above $70,000. The token fell nearly 4% over the weekend amid former U.S. President Trump’s threat to block the Strait of Hormuz. On Monday, U.S. Central Command announced the Navy will intercept all vessels entering or leaving Iranian ports starting at 10 a.m. ET. That move pushed oil prices back above $100 per barrel. High oil prices signal rising inflationary pressures — a key focus for central bankers ahead of their late-April meeting. As a risk asset, Bitcoin is highly sensitive to central bank policies, which shape the financial system’s monetary su

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Stack BTC spent £2 million to acquire an additional 37.19 BTC, increasing its total holdings to 68.19 BTC

On April 13, Stack BTC—a publicly listed Bitcoin treasury firm backed by UK Reform Party leader Nigel Farage and former Chancellor of the Exchequer Kwasi Kwarteng—bought 37.1898 bitcoins at roughly $72,385 each (or ~£53,778 per coin). The total cost was approximately $2.69 million (£2 million), pushing the company’s total Bitcoin holdings to 68.1898 coins.

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Bitcoin Inflows to Binance Drop to 2020 Low as Investors Opt for Hodl

On April 13th, CryptoQuant data shows Bitcoin inflows into Binance have fallen to 2020 levels. Analyst Darkfost noted: "Investors aren’t looking to move BTC onto exchanges to sell—instead, they appear to favor a holding strategy, which structurally eases short-term selling pressure."

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Perp DEX Weekly Digest: Hyperliquid Sees Surge in Traditional Asset Trading, TradeXYZ Hits $2.1B in TVL

April 13 – On-chain Perp DEX trading volume saw a slight weekend dip overall, per DefiLlama data. However, TradeXYZ—an HIP-3 ecosystem project—bucked the trend: its traditional asset holdings climbed ~13% from Friday, pushing Hyperliquid’s total open interest higher. Top Perp DEXs by 24-hour trading volume: ? Hyperliquid: ~$51.8B | $78.3B open interest ? TradeXYZ: ~$16.9B | $21B open interest ? Aster: ~$14.5B | $19.5B open interest ? EdgeX: ~$12.4B | $9.90B open interest ? ApeX: ~$10.6B | $1.22B open interest ? Pacifica: ~$2.53B | $79.97M open interest ### Notes on American English adaptation: 1. **Conciseness**: Used ~ for "about" (common in financial/news shorthand), simplified phrasing (e.g., "posted a slight decline" → "saw a slight dip"). 2. **Terminology**: Retained industry-standard terms (Perp DEX, open interest) and clarified units ($B = billion, $M = million) for readability. 3. **Flow**: Used em dashes (—) for parenthetical context (natural in U.S. n

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Bit Digital stakes 29,900 ETH, approximately $65.3 million

On April 13, per Onchain Lens monitoring, Nasdaq-listed crypto mining firm Bit Digital has pledged 29,900 ETH, valued at approximately $65.3 million.

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The US Court of Appeals has ruled that Trump's proposed White House State Dining Room construction project can proceed

April 13 — Foreign media reports: U.S. President Trump’s proposed White House banquet hall construction project may proceed for at least another week, following a temporary ruling last Saturday from the U.S. Court of Appeals for the District of Columbia Circuit. The appellate panel’s 2-1 decision paused enforcement of U.S. District Judge Richard Leon’s earlier order halting the project. Leon, a George W. Bush appointee, had ruled in March the project could not move forward because the U.S. government lacked congressional authorization.

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