In an industry that claims to revolutionize money, the search for venture capital is critical. Funding varies from tokens to cash; when resources dry up, jobs are impacted. This week, we cover various monetary stories, including:

• Funding for Bitcoin Core Developers
• Optimism's $42.5M token grant to Kraken
• Crypto venture capital reports from Stratos

Additionally, there are reports of significant layoffs at Consensys and dYdX.

Key Highlights:

1. Kraken's decision to initiate a new layer-2 network on the Ethereum blockchain includes a funding grant from Optimism.
2. Polymarket has emerged as a notable success for Polygon, yet its revenue has been unimpressive—totaling just $27,000 this year. Boiron believes this success illustrates the minimal costs associated with using such blockchains.
3. Layoffs have affected Consensys, with a 20% reduction in workforce due to market dynamics and regulatory uncertainty.
4. A call from U.S. President Joe Biden thanking Nigerian President Bola Tinubu for facilitating the release of Binance executive Tigran Gambaryan.
5. New developments include Chainlink's unveiling of the Chainlink Runtime Environment aimed at improving financial transactions across multiple blockchains.

For further insights into specific projects and funding rounds, visit the detailed sections below.