Bitwise just cut 14% of staff (~25 people) — down from 180 to 155.
Their $BITW fund is bleeding hard: down 30%+ YTD despite acquiring Chorus One to expand staking ops.
CEO Hunter Horsley still bullish long-term, but actions speak louder.
This follows BitGo (15% cut) and Coinbase (14% cut) earlier this year.
When the majors are trimming fat, it's a clear signal: liquidity is drying up and winter vibes are real. Stay liquid, stay nimble.
Their $BITW fund is bleeding hard: down 30%+ YTD despite acquiring Chorus One to expand staking ops.
CEO Hunter Horsley still bullish long-term, but actions speak louder.
This follows BitGo (15% cut) and Coinbase (14% cut) earlier this year.
When the majors are trimming fat, it's a clear signal: liquidity is drying up and winter vibes are real. Stay liquid, stay nimble.