Crypto Hiring: Summer leader additions continue

Coinbase taps three new board directors, and other July people moves you might have missed

article-image

rafapress/Shutterstock modified by Blockworks

share

Not all crypto companies are expanding their leadership teams, but many are — even during the so-called summer doldrums. 

Crypto exchange Coinbase named Chris Lehane, Paul Clement and Christa Davies to its board of directors, the company revealed Thursday.

Lehane is a member of the executive team at OpenAI and a former Democratic strategist to Bill Clinton and Al Gore. He is set to “provide strategic counsel to Coinbase’s leadership as the company works to make onchain the new online.”

Read more: Empire Newsletter: Is Coinbase stock a proxy bet on crypto’s success?

Clement, a partner at law firm Clement & Murphy PLLC, was the US solicitor general under President George W. Bush. Davies has been the chief financial officer at Aon since 2008, and has board of directors experience at Stripe and Workday. Both of them are set to join Coinbase’s audit and compliance committee.

In other hiring news, the dYdX Foundation tapped Chris Grundy to lead its marketing strategy. 

The executive previously served as a former vice president of marketing at Glassnode. Grundy also held a senior marketing role at Coinbase, where he helped spur international growth and high-profile brand activations, the company said. 

Meanwhile, Bitcoin-focused venture studio Thesis added Kathy Zhu to lead the company’s efforts in the Asia Pacific region. 

Read more: Venture studio Thesis* debuts Bitcoin utility product Mezo with $21M raise

Zhu previously worked at crypto exchange giant Binance as a growth and operations lead. She more recently was a principal at Old Fashion Research, a multi-strategy blockchain investment fund focused on Web3.

In case you missed it last week: Tether appointed Philip Gradwell, ex-chief economist at Chainalysis, as its new head of economics.

The company said in a statement that it intends to task Gradwell with “quantifying the Tether economy and communicating the ways Tether is used to regulators and stakeholders.”

Also last week, statistician and FiveThirtyEight founder Nate Silver joined the advisory board of Polymarket. He will be working alongside former CFTC Chair J. Christopher Giancarlo.

Also notable…

  • Swan Bitcoin made staff cuts “across many functions” earlier this week, CEO Cory Klippsten said in an X post. The company is unlikely to continue with its managed mining business, as well as its plans to go public, in the near term, he added. 
  • Earlier this month, Pierre Samaties joined The DFINITY Foundation, a contributor to the Internet Computer blockchain, as its chief business officer. Samaties formerly founded and led the global digital assets, Web3 and metaverse practice at consulting firm Roland Berger.

Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (8).png

Research

Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.

article-image

BTC finished the week up 1.6%, while L2s, RWAs and the treasury trade continued to grind lower

article-image

DTCC moves DTC-custodied Treasuries onchain via Canton, while Lighter’s LIT launches trading at a fees multiple in Hyperliquid territory

article-image

In the 90s, rapt audiences worldwide watched a coffee pot — will that fascination ever turn to crypto?

article-image

Some systems improve by failing — and crypto has no choice

article-image

Yield Basis introduces an IL-free AMM design that already dominates BTC DEX liquidity

article-image

Maybe tokenholders don’t need the rights that corporate shareholders have come to expect

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Blockworks Research

Unlock crypto's most powerful research platform.

Our research packs a punch and gives you actionable takeaways for each topic.

SubscribeGet in touch

Blockworks Inc.

133 W 19th St., New York, NY 10011

Blockworks Network

NewsPodcastsNewslettersEventsRoundtablesAnalytics