Japan's SBI Group announced it will shut down its Bitcoin mining pool on July 31 after more than five years of operation. On the same day, Yield Guild Games announced it is cutting 35 jobs and shutting down its YGG Play platform, as the company plans to pivot toward AI data services and datasets due to weak crypto gaming demand.
Gauntlet secured $125 million in Series C funding from sole investor SBI Holdings to scale its DeFi risk management and tokenization services.
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YGG is shutting down its YGG Play platform and reducing headcount as it shifts focus from crypto gaming to AI data services amid shifting market demand.
SBI Crypto is winding down its mining pool operations on July 31 after five years, following a decline in market share relative to global competitors.