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Roblox appoints Vlad Loktev as chief creator ecosystem officer to "strengthen relationships with the creator community"
Esports

Roblox appoints Vlad Loktev as chief creator ecosystem officer to “strengthen relationships with the creator community”

by admin September 22, 2025


Roblox has appointed Vlad Loktev as chief creator ecosystem officer within its creator division.

Lotev will start on September 29 and lead creator success efforts, including “building an integrated suite of development tools, developer relations, as well as platform events, strengthening Roblox’s relationship with the creator community.”

“As Roblox tracks towards its goal of 10% of all gaming content revenue flowing through the Roblox ecosystem and being distributed within our community of creators, Vlad will play a key role in supporting the community making it all possible,” the company said.

“The energy and potential of our creator community has never been more powerful. Roblox recently broke records last month with more than 45 million concurrent users playing games like Grow a Garden, Steal a Brainrot (which has now surpassed the world record for most concurrent users in a single game with 24.2M CCU), and Dress to Impress.”

Earlier this month, Roblox announced a “suite of innovations” across AI and creator monetization, and revealed that over the last year, creators earned over $1 billion through the DevEx program.

At the recent Roblox Developers Conference, the company laid out a number of new initiatives, including plans to boost the Roblox Developer Exchange (DevEx) rate for all creators by 8.5%, explaining that “now, 100,000 earned Robux will equal $380, rather than $350 when converted to cash.”



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September 22, 2025 0 comments
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Tether
NFT Gaming

Tether Announces US Stablecoin Launch, Appoints Ex-Trump Advisor As CEO

by admin September 12, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Tether, the USDT issuer, is making big changes to its operations, adding Bo Hines, a former crypto advisor to President Donald Trump, as CEO of its American division and launching a new dollar-pegged cryptocurrency designed specifically for US institutions. 

Tether’s New USAT Token 

Hines, who previously led the Presidential Council of Advisors for Digital Assets, began advising Tether in August, following a brief tenure at the White House. Under his leadership, Tether US will be headquartered in Charlotte.

In conjunction with Hines’s appointment, the stablecoin issuer is introducing a new token called “USAT,” which will operate under the recently signed GENIUS Act, which aims to provide a new regulatory framework for the fast-growing stablecoin sector in the country. 

While the firm’s USDT, the largest stablecoin by trading volume, continues to serve global markets, USAT is specifically designed to cater to businesses and institutions that require compliance with US regulations. 

The launch of USAT will utilize Tether’s proprietary tokenization platform, Hadron. Anchorage Digital will serve as the issuer of USAT, while Cantor Fitzgerald has been designated as the reserve custodian and preferred primary dealer. 

Paolo Ardoino Highlights USAT Token’s

Tether’s CEO, Paolo Ardoino, emphasized the importance of the firm’s new USAT token, highlighting its role in building trust and improving accessibility in the digital economy. Ardoino added: 

For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale

Ardoino reiterated Tether’s dedication to ensuring the dollar remains central in the digital age, stating, “USAT is our commitment to ensuring that the dollar not only remains dominant, but thrives.” 

The daily chart shows the total market cap surge near the $4 trillion mark. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 12, 2025 0 comments
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Eclipse Labs Cuts 65% Workforce, Appoints Sydney Huang As Ceo
Crypto Trends

Eclipse Labs Cuts 65% Workforce, Appoints Sydney Huang as CEO

by admin August 26, 2025



Eclipse Labs, the Layer 2 developer, shocked the crypto space on Monday with a sweeping leadership shakeup and heavy layoffs, cutting 65% of its workforce as it shifts toward building user-focused applications. 

Sydney Huang, known as 0xSydney, has been promoted from product lead to CEO, while outgoing chief Vijay Chetty, also known as Litquidity, has stepped down voluntarily.

Founded in 2022, Eclipse launched its Ethereum-connected rollup in November 2024. The firm is utilizing the Solana Virtual Machine. The company describes itself as “Solana on Ethereum,” combining Solana’s speed with Ethereum’s security. 

As part of the new restructuring, the firm reduced its workforce to align resources with its new strategic direction. The company also stated, “Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2 infrastructure, with more details to come.”

Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we’ve explored opportunities for application development on the network. Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2…

— Eclipse (🐮,🌑) (@EclipseFND) August 25, 2025

The announcement follows Eclipse’s token generation event (TGE) last month, which saw the deployment of its native token, ES, on Eclipse, Ethereum, and Solana. According to CoinGecko data, the ES token has declined over 65% since the TGE, with a further 13.2% drop in the past 24 hours, trading at $0.1586 as of 10:50 p.m. ET on Monday.

Eclipse Labs Pivots to In-House App Development 

Eclipse, which has historically focused on infrastructure and developer support, is now pivoting to in-house application development to attract end users. 

Huang emphasized this shift on X, stating, “Our mission has always been to build infrastructure that can serve real-world applications. That remains unchanged, but our focus is evolving. The next chapter is about serving end users and building those applications in-house.”

Despite the layoffs, the firm affirmed its commitment to maintaining and enhancing its Layer 2 chain while allocating more resources to application development. 

Eclipse Labs’ layoffs also come after the August 25, 2025, updates about the US-based crypto exchange Coinbase’s CEO, Brian Armstrong, firing engineers who refused to adopt artificial intelligence (AI) coding tools like GitHub Copilot and Cursor. Armstrong took this initiative as the firm’s goal is to reach 50% by the end of the quarter. 

Also Read: Prediction Market Kalshi Names John Wang to Lead Crypto Vision





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August 26, 2025 0 comments
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