MegaETH parent cuts 20% of staff in restructuring with AI push

MegaETH's parent company is cutting 20% of its staff as part of a restructuring that includes a push toward AI. Co-founder Shuyao Kong said the layoffs affected employees who helped build the project's blockchain, wallet and ecosystem. Traders watching the MegaETH ecosystem should note that core development teams are being reduced, which could slow delivery timelines for the project's blockchain and wallet products.