Wu Blockchain has learned that blockchain developer Obol Labs' co-founder Oisin Kyne has announced his appointment as CEO. Meanwhile, the company has laid off about 30% of its team to extend its cash runway and navigate a potentially prolonged bear market and high-interest rate environment. Oisin stated that institutional client conversion cycles are relatively long, but their demands for security and risk-adjusted returns are extremely high. The Ethereum staking market is expected to follow this trend as well. The company said this adjustment is aimed at ensuring its long-term goal of 'providing secure infrastructure for the Ethereum economy.' https://(wublock123.com)/news/obol-labs-cofounder-oisin-kyne-named-ceo-cuts-30-percent-team-58806