Tag: cuts

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Galaxy Digital Cuts 2026 CLARITY Act Odds to 50%

Galaxy Digital has cut its odds of the CLARITY Act becoming law in 2026 to 50%, warning that the US Senate is running out...

BitGo Cuts Nearly 15% of Staff Six Months After IPO, Refocuses on Stablecoins and AI

Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company refocuses on stablecoins, settlement, and AI...

Galaxy Research Cuts CLARITY Act Passage Odds To 50-50 As Senate Clock Runs Out

Galaxy Digital’s research arm has cut its estimate of the CLARITY Act becoming law in 2026 to 50-50, down from 60% just...

Foundation cuts 20% of staff amid leadership exodus

The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior...

Ethereum Foundation Cuts Budget 40% in Sweeping Restructuring

The nonprofit is eliminating 54 roles as Vitalik Buterin warns that the leaner organization will involve “grand sacrifices,” including changes to client development, Devcon...

Matter Labs Cuts Staff, Pivots Fully to Institutional Privacy Platform Prividium

Matter Labs CEO Alex Gluchowski announced layoffs and a full strategic pivot on Tuesday, committing the company behind zkSync entirely to Prividium, its institutional...

Foundation cuts and departures aren’t a crisis, Joe Lubin says

Ethereum Foundation budget cuts, staff departures and leadership changes have fueled weeks of criticism from parts of the blockchain's community, but Joe Lubin, who...

Bitcoin Breaks 200-Week Moving Average for First Time Since 2022 as Jobs Report Reprices Fed Cuts

Bitcoin fell below its 200-week moving average dropping below $61,000 for the first time since the 2022 bear market, triggered by a blowout May...

Bitcoin Bottom ‘Almost In’ As Sell-Off Cuts 14% In 7 Days

Bitcoin shed 14% in seven days, sliding to levels not seen since February, as a convergence of institutional outflows, leverage liquidations, geopolitical...

Harvard Endowment Cuts Bitcoin ETF Holdings by 43%, Exits Ethereum Fund Entirely

Harvard Management Company slashed its BlackRock Bitcoin ETF position by roughly 43% in Q1 2026 and fully exited its Ethereum ETF stake, according to...

Goldman Sachs Cuts Crypto ETF Exposure, Rebalances Holdings

US investment bank Goldman Sachs sharply reduced its exposure to cryptocurrency exchange-traded funds (ETFs) in the first quarter of 2026.No XRP-linked ETFs appeared in...

Odds against Interest Rate Cuts High as New US Fed Chair to be Sworn in

Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation...