Cecilia Hsueh is stepping down as CEO of Morph, handing the reins to Colin Goltra, former COO of YGG and ex-Binance. The move follows the earlier departure of co-founder Azeem Khan, marking a leadership reset for the Layer 2 project.

Founded in 2023, Morph is building a decentralized sequencer-based Ethereum rollup, blending optimistic and zero-knowledge technologies. Backed by Dragonfly, Pantera, and others, the project raised $20M in its early rounds. Its mainnet launched in late 2024.

Goltra, who joined in January, now leads Morph into its next phase.

At the Ethereum Foundation, restructuring is also underway. Its core R&D is now housed under a unified division called Protocol, focused on scaling L1, enhancing blobs, and refining UX. Tim Beiko and Alex Stokes are among those guiding the new direction. Some roles will be cut in the transition.

Elsewhere, DeFi Development Corporation has launched a new Solana staking token, dfdvSOL, built with Sanctum and integrated into Kamino. It lets users delegate SOL and use the asset across lending and strategy layers -  tying real estate finance with liquid staking rails.