diem

CDCROP: Silvergate Bank HQ (CoinDesk)
Crypto Bank Silvergate Shares Plunge 46% After $8.1B Withdrawal in Q4 Prompts 200 Job Cuts
The company also said it is writing off its investment in former Facebook stablecoin project Diem.
CDCROP: Silvergate Bank HQ (CoinDesk)

CDCROP: Founders Mo Shaikh and Avery Ching (Aptos Labs)
Aptos CEO Defends 'Fair' Tokenomics That Prompted Community Backlash
Aptos CEO Mo Shaikh told CoinDesk the token distribution is much fairer than at other projects.
CDCROP: Founders Mo Shaikh and Avery Ching (Aptos Labs)

CDCROP: Silvergate Bank HQ (Will Foxley/CoinDesk)
Crypto Bank Silvergate to Miss Goal of Offering Stablecoin This Year
The news comes alongside a Q3 earnings miss that's sending the stock lower by more than 20% on Tuesday.
CDCROP: Silvergate Bank HQ (Will Foxley/CoinDesk)

CDCROP: Money, Cash, One Hundred Dollar Bills
Aptos Labs Raises $150M in Funding Round Led by FTX Ventures
The team is looking to bring the Diem blockchain back to life.
CDCROP: Money, Cash, One Hundred Dollar Bills

Silvergate CEO, Alan Lane
Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
The bank posted strong second-quarter earnings, outperforming its crypto peers’ due to strong risk management.
Silvergate CEO, Alan Lane

ZuckBuck
Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga
Three years into its stablecoin gambit, Meta’s final Libra dinosaur is going out the door.
ZuckBuck

The Pacific as seen from Aptos, Calif. (Cristina Glebova/Unsplash)
Aptos Revealed as PayPal Ventures’ First Layer 1 Investment
Aptos Labs announced a $200 million funding round in March and has now revealed that the venture arm of the payments giant was among the backers.
The Pacific as seen from Aptos, Calif. (Cristina Glebova/Unsplash)

(Shutterstock)
Chainlink Labs Hires Diem CTO Dahlia Malkhi to Lead Research
Malkhi was an integral executive at the now-shuttered stablecoin project.
(Shutterstock)

(Shutterstock, modified by CoinDesk)
Team Bringing Diem Blockchain to Life Confirms $200M Raise, Says Coinbase and More Are Building on Devnet
Aptos announced the funding round Tuesday and said major crypto brands were already contributing code.
(Shutterstock, modified by CoinDesk)

(Shutterstock, modified by CoinDesk)
Ex-Meta Coders Raising $200M to Bring Diem Blockchain to Life: Sources
Aptos is eyeing a $2 billion valuation for its bid to bring the Diem blockchain into users’ hands, sources tell CoinDesk.
(Shutterstock, modified by CoinDesk)