Tag: cuts

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Jack Dorsey Cuts Over 4,000 Jobs as Block Shrinks Workforce Nearly in Half

Block Inc. will cut more than 4,000 jobs, reducing its workforce by nearly half as CEO Jack Dorsey calls it one of the hardest...

Vitalik Buterin Cuts ETH Holdings by 17K after $45M Privacy Pledge

Ethereum co-founder Vitalik Buterin has reduced his Ether balance by about 17,000 ETH in one month after announcing plans to earmark $45 million worth...

Optimism token price plunges 25% as Coinbase cuts off DAO from millions in revenue – DL News

Base will begin using in-house code, rather than Optimism’s OP Stack.The move could have significant ramifications for the Superchain, a collection of blockchains that...

Gemini ousts COO, CFO and Chief Legal Officer after international exit and 25% staff cuts

Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief...

Harvard cuts bitcoin exposure by 20%, adds new ether position

Harvard University’s $56.9 billion endowment made its first foray into ether ETH$1,978.09 last quarter, even as it scaled back its exposure to bitcoin BTC$68,770.50.According...

Harvard Cuts Bitcoin ETF Position, Backs Ether ETF With $86 Million

Harvard Management Company reduced its bitcoin exchange-traded fund (ETF) holdings in Q4 while initiating an $86.8 million position in Blackrock’s Ishares Ether Trust, maintaining...

JPMorgan (JPM) cuts Coinbase (COIN) target to $252 after 4Q miss, keeps overweight rating

Wall Street analysts from companies including JPMorgan (JPM) and Cannacord lowered their price targets for Coinbase (COIN) stock after the largest publicly traded crypto...

Why Bitcoin Is Reacting More to Liquidity Than to Interest Rate Cuts

Key takeawaysBitcoin now responds more to liquidity than to rate cuts. While rate cuts once drove crypto rallies, Bitcoin’s recent price action reflects actual...

JPMorgan cuts Coinbase (COIN) price target to $290 ahead of earnings

The crypto market downturn has been particularly hard on leading American exchange Coinbase (COIN), which has seen its stock plunge more than 50% since...

Trump’s Fed chair nominee’s return sparks bitcoin jitters over rates, balance sheet cuts

The market was initially jolted by the sudden news of President Donald Trump naming Kevin Warsh as his choice for the next Federal Reserve...

Fed Pauses Rate Cuts As Bitcoin Steadies Near $90,000

Bitcoin hovered near $89,000 on Wednesday as the Federal Reserve opted to hold interest rates steady, pausing its rate-cutting cycle and striking...

Injective Governance Vote Passes to Accelerate INJ Supply Cuts

Injective’s protocol community approved a major tokenomics overhaul on Monday, passing a governance proposal with 99.89% support based on staked voting power.Injective is a...