Read bear market crypto news and analysis, including downturn signals, investor sentiment, capitulation events, and recovery outlooks.
Coinshares believes there is only "minor negative sentiment" within the crypto markets as Bitcoin threatens to touch $18,000 for the first time since mid-December.
Liam 'Akiba' Wright 4 min read 
The full closure will come after Coinbase finalizes discussions with Japanese regulators.
Currently, Binance's pegged BUSD is fully backed by the US dollar, and Paxos's BUSD is unaffected, according to a Binance spokesperson.
The recent allegations were a deflection of blame from parties responsible for marketing and operating Gemini Earn, according to DCG.
Bitcoin Magazine CEO David Bailey has started a campaign labeled "redeem GBTC" to reduce GBTC's 2% management fee.
In the meantime, Huobi global's quarterly revenue fell -98% since the second quarter of 2021.
Coinbase's CEO Brian Armstrong said that the layoffs will provide the company with operational efficiency to weather the bear market. Coinbase's shares were up almost 3% premarket after the announcement.
Osprey's management team is down to 4 executives. The firm laid off employees after a failed attempt to launch a hedge fund.
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
