Tether Uruguayan Mining Operations Stalls Due To $5 Million Energy Debt — Details

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PANews reported on November 21 that Raphaël Bloch, co-founder and editor-in-chief of The Big Whale, disclosed in an article on the X platform that Web3 fantasy sports platform Sorare will lay off 35% of its staff. An internal announcement confirmed the layoff plan, stating that approximately 35 out of 100 employees will leave, and that co-founder and CTO Adrien Montfort will step down from his operational role. Sorare CEO Nicolas Julia responded that he decided to "accelerate its path to profitability" and believes the restructuring will "simplify the company structure and shorten decision-making processes." He acknowledged that the move was "difficult to implement, but necessary." Sorare had previously initiated a major austerity program and migrated to the Solana platform, which could generate up to $10 million in revenue. Julia maintains that the company will return to growth by 2025 and achieve profitability "by the end of 2026."