Crypto Winter Will Last 'At Least Another Year' Says Founder of Crypto Firm Which Just Laid Off 40% of Its Workforce
Octopus Network, a multichain crypto network, has been forced to lay off 40% of its core team and reduce pay for the remaining members due to the ongoing crypto winter, which is expected to last at least another year, ac...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The string of companies announcing layoffs in the crypto world, citing the prolonged sour market conditions, is only getting longer....
Read More: Crypto Winter Will Last 'At Least Another Year' Says Founder of Crypto Firm Which Just Laid Off 40% of Its Workforce
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ethereum (ETH) Price Prediction: ETH Holds Near $2,500 as ETF Flows Turn Positive and Long Positions Reach Four-Year High
Ethereum is holding close to $2,500 after a volatile start to October, with the market now showing a mixture of improving institut...
Strategy spent nearly nine times as much on STRC buybacks as Bitcoin last week
Strategy (formerly MicroStrategy) bought 250 Bitcoin for $21.5 million last week while spending $192.4 million to repurchase its S...
Bitcoin (BTC) Price Prediction: Slowing Whale Selling Offers Hope as $81.5K ETF Support Holds
On-chain data indicates that distribution from longer-term holders has slowed, offering some relief to the market. However, weaken...
Bitcoin Price Odds on Prediction Markets Give $100K Just 27%
Bitcoin’s return to $100,000 is looking increasingly doubtful before 2027, at least in the eyes of prediction market traders. Poly...
Russia Adds Sberbank to Crypto Exchange Register, Joining 9 Firms Before Dec. 1 Launch
Key Takeaways: The Central Bank of Russia has granted Sberbank permission to provide cryptocurrency exchange. Nine companies were...
Binance Pulls the Plug on Bitcoin Mining After 6-Year Run
Binance, the world’s largest crypto exchange by trading volume, disclosed this week that the company’s mining operations will be s...