Nasdaq-Listed Bitcoin Firm Nakamoto Sells BTC, Cuts Debt and Authorizes Share Buyback
In brief Nakamoto, Inc. said it sold about $48 million worth of Bitcoin and derivatives positions to help eliminate debt. The company also refinanced other...
Tag : Cuts
Zcash Bug Crisis Shows Privacy Cuts Both Ways, Experts Say
In brief Zcash plummeted in price following the disclosure of a critical, four-year-old vulnerability. Because of Zcash’s privacy features, the bug’s scope couldn’t definitively be...
Strategy buys back $1.5B of debt at discount, cuts outstanding notes to $6.7B
Michael Saylor’s Strategy, the largest corporate Bitcoin holder, has repurchased $1.5 billion of its 0% convertible senior notes due in 2029 for $1.38 billion at...
Syndicate Labs Shuts Down as Crypto Cuts and Closures Mount
In brief Syndicate Labs, a crypto infrastructure project, said it is winding down after five years. The closure follows shutdowns across NFT, DeFi, and wallet...
Odds against rate cuts high as new US Fed chair set for swearing in
Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation about...
Kraken cuts 150 staff amid AI efficiencies, potentially delaying IPO: Report
Crypto exchange Kraken has reportedly laid off some of its staff as a cost-cutting measure, which could delay its planned initial public offering in the...
Crypto data company Dune cuts 25% of staff in restructuring
Crypto data company Dune said it is laying off 25% of its workforce, citing a need to restructure its business to focus on its core...
SoftBank cuts OpenAI-backed loan target to $6B as lenders balk at valuation
SoftBank has cut a planned OpenAI‑backed margin loan from around $10 billion to roughly $6 billion after banks and private credit funds pushed back on...
Benchmark cuts Strategy price target as Bitcoin thesis gets reset
Benchmark has cut its 12‑month price target on Bitcoin treasury company Strategy from $705 to $570, keeping a Buy rating but marking its model to...
Coinbase cuts 14% of workforce, citing market slump and AI shift
Update May 5, 2026, 1:30 pm UTC: This article has been updated to add information from an SEC filing. Coinbase will cut about 14% of...