According to PANews, dYdX founder Antonio Juliano has announced his return to the position of Chief Executive Officer and will personally manage the company in a founder mode. Juliano had previously stepped down from the CEO role in May.

Juliano explained the necessity of his return, stating, 'dYdX has experienced a challenging year. We are facing intense competition and a tough market. I am fully aware that we need to revitalize the company, or we will decline. I now understand why the required leadership must come from the founder.'