Jack Dorsey’s Block may cut up to 10% of staff in business overhaul: Report
Analysts forecast Block to post $403 million in Q4 profit on $6.25 billion revenue, following a third quarter marked by strong gross profit growth but mixed market reaction.
ARK extends Coinbase selling streak with another $22M sale, adds Bullish
Cathie Wood’s ARK Invest sold 134,472 Coinbase shares across three ETFs while buying over 393,000 shares of crypto platform Bullish.
Bitcoin under $70K gives institutions a ‘new crack of the apple’: Bitwise CEO
Bitcoin is in a bear market and is “getting swept up” with the rest of the macro assets, Bitwise CEO Hunter Horsley declared during a television interview.
Bithumb claws back 99.7% of overpaid Bitcoin, covers remaining shortfall
Bithumb says it has reclaimed most of the excess BTC credited during a promotional error and used company funds to cover 1,788 Bitcoin that had already been sold.
‘Massive consolidation’ expected across crypto industry: Bullish CEO
The crypto industry is about to get a wakeup call, as many companies will realize “they don’t have businesses, they have products,” says Bullish CEO Tom Farley.
Crypto retail investors are trying to ‘meta-analyze’ crypto crash: Santiment
Santiment said the increased use of “capitulation” among crypto users on social media could suggest the market bottom has already happened.
CFTC expands payment stablecoin criteria to include national trust banks
The Commodity Futures Trading Commission (CFTC) revised a previous staff letter to reflect the regulations in the GENIUS stablecoin framework.
Bitcoin difficulty drops by over 11%, in steepest drop since 2021 China ban
The Bitcoin network’s mining difficulty dropped by as much as 27% within a single adjustment period during China’s 2021 crypto mining ban.
What crashed Bitcoin? Three theories behind BTC’s trip below $60K
Hong Kong hedge funds’ leveraged BTC price bets are emerging as the main trigger behind Bitcoin’s sharp month-long sell-off.
Vietnam to tax crypto like stocks with 0.1% trading levy: Report
Vietnam’s Finance Ministry proposes a 0.1% tax on crypto transfers, 20% corporate tax on profits and tough licensing standards for digital asset exchanges.