• Huobi announced mass layoffs, with roughly 20% of its staff being let go.
• Former FTX CEO Sam Bankman-Fried has insisted on controlling his shares of Robinhood.
• Mt. Gox, Gopax, and Poolin have made the news, as well as research on Bitcoin’s implied volatility.
Huobi, one of the world’s largest cryptocurrency exchanges, recently announced mass layoffs, with roughly 20% of its staff being let go. This announcement was made by Tron (TRX) founder Justin Sun, who described the move as a “short-term pain” that could bring more advantages to the exchange in the long run. Huobi’s planned layoffs have been at the center of the latest news cycle.
In other news, former FTX CEO Sam Bankman-Fried has insisted on controlling his shares of Robinhood. This follows the recent controversy that has surrounded the trading platform after it restricted trading of certain stocks. Bankman-Fried has stated that he would not sell his shares of the company and is in favor of reforming the financial system.
In addition, various other developments have been making the news. Mt. Gox, Gopax, and Poolin have all been in the headlines recently. There has also been research into Bitcoin’s implied volatility, which is seen as a measure of risk in the market.
Overall, the news cycle has been dominated by the developments surrounding Huobi, Robinhood, and other cryptocurrency-related news. While there is still much uncertainty, it is clear that the industry is continuing to evolve and bring new changes. It remains to be seen how these developments will affect the market in the long run.