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CeFi

Bitwise Cuts 14% of Staff as Client Assets Fall to $9 Billion
CeFi

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
CeFi

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.
New Market Trading Names Ajdin Kahrović Chief Technology Officer
CeFi

New Market Trading Names Ajdin Kahrović Chief Technology Officer

New Market Trading has named Ajdin Kahrović as Chief Technology Officer on the same day the onchain wealth management firm opened publicly to new clients. Kahrović previously architected defi.app and will lead all engineering, the technical roadmap, and platform security.
Strategy Sells 1,638 Bitcoin for $105M, Splits Proceeds Between Dividends and STRC Buyback
CeFi

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
CeFi

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.
Performa Marks One Year Live with Major Upgrade for Digital-Native SMBs
CeFi

Performa Marks One Year Live with Major Upgrade for Digital-Native SMBs

A year after going live, Performa added a non-custodial layer, fiat settlement and faster self-service onboarding to its finance ops platform, along with a wider pricing model for businesses operating across digital assets and fiat currencies.
Magic Labs Sells Wallet Business to Kraken Parent Payward
CeFi

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
CeFi

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
CeFi

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
Coinbase Matches Robinhood's 7% Yield With a Different Design
CeFi

Coinbase Matches Robinhood's 7% Yield With a Different Design

Robinhood pays only the gap between organic yield and a 7% target for a year; Coinbase pays market rate plus token rewards with no ceiling and no end date.