ChainCatcher news, citing two informed sources from Reuters, reports that the U.S. Securities and Exchange Commission (SEC) plans to replace senior leadership at its regional offices across the country as part of its cost-cutting proposal to the Trump administration. According to the sources, the SEC informed the directors of its 10 regional offices on Friday that their positions would be eliminated based on a plan to be submitted next month. The SEC oversees over $100 trillion of the U.S. capital markets and is currently under pressure from Trump to cut jobs and reduce costs. Some of the government's cost-cutting efforts involve the newly established Department of Government Efficiency (DOGE) and Musk. Agency leaders have been instructed to submit proposals for significant budget cuts to the government.

ChainCatcher news, according to CoinDesk, the consensus capital market protocol Alkimiya announced the completion of a $7.2 million financing round, led by Castle Island Ventures and 1kx, with participation from Circle Ventures, Coinbase Ventures, and Dragonfly Capital Partners. It is reported that this round of financing aims to help miners and stakeholders attempting to hedge cash flow survive the bear market. In addition, Alkimiya plans to launch on the Ethereum mainnet this quarter.ChainCatcher previously reported that in March last year, Alkimiya officially launched on the Avalanche mainnet. (Source link)