Payward Bets Tokenization and AI Replace Headcount, Not Revenue
Read essayFour acquisitions, one layoff round, and a delayed IPO reveal a deliberate bet on becoming the infrastructure layer for tokenized capital markets.
Topic
Kraken
Payward Cuts 150 Jobs, Signaling Kraken IPO Is Imminent
Read essayPayward's 150-person layoff is a pre-IPO preparation signal, and the valuation Kraken earns will serve as the clearest benchmark for crypto infrastructure since Coinbase's 2021 listing.
Kraken Abandons LayerZero for Chainlink CCIP Post-Exploit
Read essayWhen a regulated exchange remediates a live exploit by switching bridge providers, it does not just solve its own problem. It sets the benchmark every other institution now has to answer to.