The crypto industry is facing significant financial pressures as teams scramble for funding while job losses mount. Notable stories include the Optimism Foundation granting $42.5 million to Kraken for a new layer-2 network, while substantial layoffs occurred at ConsenSys and dYdX due to economic conditions and regulatory uncertainty. The article highlights that nearly $60 million was raised in blockchain project fundraisings this week. Meanwhile, a report on Bitcoin Core funding underscores its reliance on volunteer developers, revealing that about 40 developers maintain the software mostly through short-term grants, creating a sustainability crisis. The crypto venture capital landscape continues to shift as firms consolidate and underperform compared to holding Bitcoin. Institutional interest is on the rise, with Emory University disclosing significant investments in Bitcoin. Finally, developments from various blockchain projects, including Chainlink's introduction of a new computing environment, showcase ongoing innovation in the sector.

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