Dossier
market downturn
Coverage of market downturn in the Nexus archive.
- Bitwise cuts 14% of staff as crypto layoffs mount during market downturn
Crypto asset manager Bitwise cut 14% of its staff amid a market downturn. CEO Hunter Horsley stated that the company trimmed its global team to around 155 last week.
- Coinbase-Backed Crypto Perps Exchange Satori Finance Is Shutting Down
Satori Finance, a Coinbase-backed crypto perpetuals exchange, is shutting down amid an extended market downturn. It is the latest crypto firm to close operations due to ongoing market challenges.
- Professional investors dumped 52K BTC worth of ETFs in Q1, filings show
Professional investors sold 52,000 BTC worth of Bitcoin ETFs in Q1 as hedge funds exited positions during a market downturn, while banks and long-term allocators increased their exposure.