October 22-23 Crypto Roundup: a16z Rebrands, Circle Shareholders Sue Trump Family Crypto Firm
The October 22-23 roundup included developments in crypto and U.S. labor data. According to PANews, a16z Crypto changed its name to a16z Frontier and expanded its investment scope to frontier startups. U.S. initial jobless claims for the week ended October 17 totaled 194,000, compared with a forecast of 200,000. Circle shareholders sued U.S. President Donald Trump and his family's crypto company, alleging they profited through transactions linked to the United Arab Emirates.