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The agreement comes as Floki gears up to introduce new products in the coming months, including the Valhalla metaverse game on mainnet.

The products, which track the performance of the two largest cryptocurrencies by market value, carry a fee of 0.35% and were listed on the Deutsche Boerse on Thursday.

"The company we’ve built is different from the company dYdX must be," said the CEO.

The Foundation wants to preserve an 18-month runway through at least mid-2026.

Juliano will become chairman and president of dYdX Trading.

Decentralized finance needs to develop a unique offering relative to centralized venues, dYdX Foundation CEO Charles d'Haussy said.

The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.

There is no evidence to show Tate sold tokens from his doxxed wallets, but some supposed “insider” buying activity before the token’s promotion on X shows too much of the token in too little hands.

The event this week in Austin, Texas, draws 500 developers, who are key to the blockchain industry’s future.

Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced.