Huobi cryptocurrency exchange to cut staff in ‘bear market’
China’s largest digital asset exchange Huobi is cutting its staff

In the last few days, traders speculating on rising cryptocurrency values reportedly faced liquidations amounting to approximately $217 million. This occurred as the market reacted to the approval of spot Bitcoin exchange-traded funds (ETFs), a development that has become a “sell-the-news” event, where traders sell assets following positive news, and

Crypto monitoring platform Chainalysis published a new report titled “2024 Crypto Crime Trends,” discussing the crypto industry’s rebounded from the “scandals, blowups, and price declines of 2022,” and the upcoming crime trends in the sector. According to the editorial, the resurgence of crypto assets and increased market activities suggested a
China’s largest digital asset exchange Huobi is cutting its staff
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