Crypto exchange Huobi saw turbulent trading in its HT token during Asian daytime hours after it confirmed a 20% staff reduction. The exchange has experienced outflows of $64 million in the past 24 hours, according to Nansen. "The Hash" group shares their hot takes on Huobi's latest development and other top stories of the day.
Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
Back in late 2020, analysts regularly cited the towering stockpile of negative-yielding debt as a source of bullish momentum for bitcoin.
The FTX founder, who says he needs the money to pay his legal fees, is fighting rival claims to the stake by his former company and crypto lender BlockFi.

After FTX, Where Does the Industry Go From Here? A Series Exploring What Could, and Should, Happen in the Year To Come. Presented by Bitstamp.
Crypto Crooks” will tell the stories of the biggest and wildest crypto crimes through a true-crime lens.
Michael and Sheila in a broad conversation reflect on last year's happenings in crypto and discuss their expectations and concerns for the future.
A hawkish Federal Reserve shows nervousness about market enthusiasm in the just-released FOMC minutes.
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The jobs market remained strong/began to show signs of weakening to close out 2022.
The jobs market remained strong/began to show signs of weakening to close out 2022.
The Wall Street bank cut the stock to “neutral” from “overweight” and slashed its price target to $14 from $30.
The FTX founder and former CEO says he needs the money to pay his legal fees, despite rival claims by the company and by crypto lender BlockFi.
Onemeta AI Could Solve a Metaverse Problem: Real-Time Translation.
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Live from CES 2023 in Las Vegas, Nevada, the tech giant is looking to transform the customer experience and believes the future will be based on a hybrid model.