CeFi

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.

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.

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.

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.
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.

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.

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.

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.

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

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.


