Bitwise Asset Management has reduced its workforce by 14%, cutting about 25 employees due to ongoing crypto market challenges despite growing client assets. This move aligns with similar layoffs at major crypto firms like Coinbase and Gemini amid a prolonged price slump and regulatory uncertainty. Bitwise's CIO, Matt Hougan, believes Bitcoin is currently bottoming, citing reduced leverage in crypto markets and record stablecoin supply as positive signs. The market will closely watch the Senate's upcoming decision on the CLARITY Act in September as a potential catalyst for Bitcoin's next move.
Trump Media reported a $238 million net loss in Q2 2026, driven largely by $190.4 million in unrealized losses on its cryptocurrency and securities holdings. The company’s Bitcoin holdings decreased slightly to 9,477 BTC valued at $557 million by Jun...
Trump Media and Technology Group reported a decline in its Bitcoin holdings to 9,477 BTC as of June 30, 2026, down 65 BTC from March. The company faced $360.6 million in cryptocurrency losses in the first half of 2026 due to falling Bitcoin and Crono...
Trump Media, parent company of Truth Social, saw its bitcoin holdings decrease slightly to 9,477 BTC by the end of June 2026, with the value dropping from $836 million to $557 million due to falling crypto prices. The company reported $360.6 million ...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
