ChainCatcher news, according to The Block, based on the official announcement, dYdX Trading has laid off 35% of its core team members. CEO and co-founder Antonio Juliano wrote in a blog post: "The decision was made because we realized that the company we built is different from the company dYdX needs to become. We will move forward with clarity of thought and new passion. We will create amazing work."

ChainCatcher message, dYdX founder Antonio Julio stated on the X platform: "dYdX Trading Inc. has officially updated its charter to become a public benefit corporation. As an open-source software developer, the company will not operate or generate trading fee revenue from dYdX v4 and will strive to align with the community as much as possible."