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Top Crypto Stories This Week: From Drink Spiking in HK to Bitcoin Spiking to $72K
Bitcoin surged past $70K, peaking at $72K before a dip. Yet, crypto firms Kraken, Consensys, and dYdX faced layoffs, Coinbase missed earnings, and Tether is under U.S. probe. Amid this, ex-DWF co-founder Eugene Ng faces drink-spiking allegations, casting scrutiny on crypto's ethics.
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Kraken Reportedly Sheds "Hundreds" of Staff in Streamlining Effort as IPO Prep Intensifies
The reported layoffs appear to be a strategic maneuver by Kraken to optimize its financial performance and operational efficiency as it gears up for its anticipated IPO in the competitive U.S. market.