
Anchorage Digital Cuts 17% of Workforce Amid Crypto Downturn
Anchorage Digital, a $4.2 billion federally chartered crypto bank, reportedly cut 17% of its workforce as prolonged market downturns impact the sector.
The latest in digital assets, markets and regulation.

Anchorage Digital, a $4.2 billion federally chartered crypto bank, reportedly cut 17% of its workforce as prolonged market downturns impact the sector.

South Africa’s Absa has become the first African lender to offer Bitcoin custody services, primarily targeting institutional clients while also supporting other digital assets.

Paradigm-backed Ethereum layer-2 Blast is winding down due to unsustainable costs, joining Zero Network and Silicon Network in a wave of recent shutdowns.

Bitcoin climbed to $86,152 after September US job growth missed expectations, causing odds of an October Federal Reserve rate hike to drop to 14%.

Bitcoin briefly surpassed $87,000 on Friday after September nonfarm payrolls missed expectations, causing US bond yields to fall and reducing Federal Reserve rate hike odds.

Investors are funding Kalshi at a $40 billion valuation and preparing for Blockchain.com's IPO, even as most digital asset treasury companies trade below net asset value.

European issuers including AllUnity and Stable Mint launched MiCA-regulated US dollar stablecoins, arguing that euro-only options fail to meet global business liquidity demands.

Bitcoin price exceeded $87,000 following a weaker-than-expected U.S. nonfarm payrolls report and rising unemployment, driven by sustained exchange-traded fund inflows.

Market pricing indicates a low probability of an October Federal Reserve rate increase following a disappointing September employment report and cooler inflation data.

THORChain declined to block stolen funds from the Bitget hack, contrasting with NEAR Intents' intervention and igniting debate over permissionless ideals.

Strategy's board proposed shifting four digital credit securities to daily dividends on September 24, aiming to align with Strive's recent SATA rebranding.

The ECB Governing Council issued calls for digital euro pilot participation, responded to the MiCAR review consultation, and designated Visa Europe as a systemically important payment system.