CeFi
Centralized Finance, financial firms with centralized teams, closed entities and custodied funds, which transact with digital assets and offer services to the blockchain industry.
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BitGo CFO to Exit as Q2 Net Loss Hits $19 Million
Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.
Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion
The crypto asset manager reduced headcount to about 155 from 180, while its BITW index fund ended June with $532.8 million in net assets, down from $1.03 billion at year-end.
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BitGo CFO to Exit as Q2 Net Loss Hits $19 Million
Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.
Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion
The crypto asset manager reduced headcount to about 155 from 180, while its BITW index fund ended June with $532.8 million in net assets, down from $1.03 billion at year-end.
eToro to Buy US Brokerage TradeZero for Up to $231M as Crypto Revenue Shrinks
The purchase, eToro's third acquisition signed this year, is not expected to close until the first half of 2027 and needs regulatory approvals for a broker-dealer whose chief executive settled SEC charges in 2022.
Strategy Sells 1,638 Bitcoin for $105M, Splits Proceeds Between Dividends and STRC Buyback
The company raised its USD Reserve to $4.0 billion from $3.0 billion three weeks earlier, funding the increase with $250 million from the sale of 3,011,361 MSTR shares.
Coinbase Says Revenue From Its Base Layer 2 Fell Despite Record Volume
Coinbase's Q2 filings show sequencer revenue from Base declined even as stablecoin transaction volume on the network grew sevenfold year-over-year.
Ready Shuts Card Program After Issuer Kulipa's Sudden Wind-Down
Self-custodial wallet says user funds are untouched as the collapse of a shared card issuer knocks out Ready, Solflare and other crypto card programs overnight.
Magic Labs Sells Wallet Business to Kraken Parent Payward
The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.
BitMart to Wind Down Exchange, End Trading by Aug. 26
The exchange gave no specific reason for the closure, and its BMX token fell about 59% in 24 hours after the announcement.
BitMEX, Hayes Sued Over 623 BTC Liquidation Claims as Exchange Winds Down
A proposed class action landed in New York federal court the same day BitMEX announced it will close on Sept. 23, reviving allegations the exchange pocketed customer collateral.good job I as
BitMEX to Shut Down Exchange on Sept. 23, Urges Withdrawals
Owner HDR Global Trading blamed a strategic review; users have until an Aug. 26 risk-limit cutover before positions get force-closed.