Bear Market
Osprey Funds is operating with less than 10 employees after layoffs
Osprey's management team is down to 4 executives. The firm laid off employees after a failed attempt to launch a hedge fund.
Monika Ghosh 2 min read
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Bear Market
Huobi Korea to become an independent entity, breaking ties with Huobi Global
Huobi Korea chairman Jo Guk-Bong will buy the majority stakes from Huobi global founder Leon Lin.
Exchanges
Binance sees $12B withdrawn in 60 days
Around $12 billion in various crypto assets has been withdrawn from Binance since November. To Forbes, the massive outflow looks like a soft bank run. To the rest of the market, it just might be business as usual.
More Bear Market News & Analysis
Bear Market
Metropolitan Bank to abandon crypto asset related vertical
According to MCB, the industry's recent developments and changes in banks' regulatory environment were reasons for leaving the crypto asset vertical.
Bear Market
Shorters get spanked as Bitcoin 2023 revival unfolds
Bullishness returns as Bitcoin recaptures $17,000, but doubts remain on whether this is the start of a bull market.
Bear Market
Bears in disbelief as Gala defies crypto winter, jumping 60%
Gala jumps to $0.03691 — a nine-week high as the company announces new developments including incorporating mobile gaming.
Bear Market
Crypto payments firm Wyre cuts withdrawal limits to 90% of funds
Wyre announced that Yanni Giannaros has stepped down as CEO and the firm is exploring strategic options to survive the bear market.
Mining
Poolin Bitcoin mining hash rate share falls by 94% from ATH
Poolin’s recent declines can be linked to its announcement of having liquidity problems, last September.
Bear Market
Bitcoin miner Hut 8 registers sequential drop in Bitcoin production
Hut 8 sold power back to the provider because of high energy prices, resulting in a fall in production.
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Analysis
BTC second-worst YTD since 2011, expected to remain flat through 2023
NFTs
Mutant Ape Planet NFT developer charged with fraud for selling ‘worthless asset’
Bear Market
Highest number of crypto layoffs seen in 2022
Bear Market