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Uber cuts jobs, Ethena launches app, DigitalX shuts down and other Web3 news

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  • Ethena has launched Ethena Pay, a self-custodial money app offering a 6% dollar savings rate and 5% card cashback, with features including free transfers across 50 countries and a virtual Visa card, while emphasizing that it is not a bank and holds no customer funds. (📰CryptoPotato)
  • Uber Technologies is cutting about 3,300 jobs, nearly 10% of its workforce, to simplify its organizational structure and reduce management layers, while the company’s shares rose in premarket trading following the announcement. (📰Analytics Insight)
  • DigitalX is shutting down its in-house layer-2 blockchain, Silicon, by the end of 2026, with users required to withdraw all assets by year-end and deposits suspended as of September 3, 2026. (📰bloomingbit)
  • Silicon Network has stopped new deposits and begun shutting down, with users having until December 31, 2026, to withdraw their funds, as the network holds approximately $9.75 million in assets. (📰Blockonomi)
  • India’s electric vehicle industry is expanding, with key players like Tata Motors, Mahindra & Mahindra, and Ola Electric making significant investments and developments in electric vehicles and related technologies. (📰Analytics Insight)
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