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Crypto news site The Block gets new CEO and reported staff layoffs following admitted ties to SBF

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The Block reportedly laid off roughly 33% of its staff including interim CEO Bobby Moran in an effort to stabilize the platform following loans it received from Sam Bankman-Fried.

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Coin Market

VC Roundup: Asylum Ventures launches $55M fund to back startup “artists,” not assets

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This edition of Cointelegraph’s VC Roundup features Asylum Ventures’ new fund, as well as startups Puffpaw, Permissionless Labs, Infinit, DRiP, IN1 and DeFi.Gold.

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New tokens are more likely to win if they find institutional investors

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Most of the new tokens launched in 2024 have fared poorly compared to their predecessors. However, institutional investment has helped some succeed.

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Coin Market

Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data

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Bitcoin price wobbles near $58,000 as uncertainty over the Fed’s monetary policy decision looms and traders eyeball weak economic data in China.

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