Odaily Midday News: OP Labs Cuts 20% of Workforce, Bitcoin ETF Sees $115M in Inflows

KuCoinFlash

Release Time: 03/12/2026 05:36:06

Summary

Bitcoin news highlights $115M in ETF inflows on March 11, marking the third consecutive day of inflows into Bitcoin spot ETFs. OP Labs reduced its workforce by 20% to focus on core operations, not due to financial pressure. The founder of OpenClaw accused Tencent of scraping Skills and warned of rising server costs. U.S. prosecutors oppose Sam Bankman-Fried’s request for a retrial. BONK.fun urged users to avoid its platform following a domain hack. A whale added $4M in USDC to Hyperliquid to short oil. Clear Street and Marex plan to enter prediction markets. Brent crude surged over 9% following a disruption at an Oman port. Kyle Samani praised PropAMM as a key innovation in market structure.

1. OP Labs is laying off 20% of its staff to focus on core business operations—not due to financial pressures;

2. The founder of OpenClaw questioned Tencent's scraping of Skills and called on it to provide support to avoid increasing server costs;

3. Bloomberg: U.S. prosecutors argue that SBF's request for a retrial should be denied;

4. Bitcoin spot ETFs recorded a total net inflow of $115 million yesterday, marking three consecutive days of net inflows;

5. BONK.fun: Official domain compromised by hackers; please avoid interaction for now;

6. Trump’s crypto advisor: Compliant stablecoins will drive global capital into the U.S. banking system;

7. A large whale again deposited $4 million in USDC on Hyperliquid to short oil;

8. Major Wall Street broker-dealers plan to connect to prediction markets; Clear Street and Marex are leading the way;

9. Brent crude oil futures rose over 9%, reclaiming above $100 per barrel, following disruptions at a key port in Oman;

10. Kyle Samani: PropAMM is one of the most important innovations in market microstructure in decades.

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