Several dozen staffers have departed MoonPay in recent months, but the startup says it’s not laying people off.

Some 40 employees have departed the firm in the last six months. What’s more, the average tenure of a MoonPay worker who departed since the start of last year is about 10 months, according to their calculations.

But: MoonPay says it’s “smart scaling” its workforce and has ultimately grown in the past year.

Per a spox: “We’ve hired new leaders and C-suite execs across the company and empowered them to build out new teams and structures.”

Companies across the crypto industry have shrunk their workforces in recent months amid a slower digital asset market.
Firms especially sensitive to market forces, exchanges in particular, have led the way.

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Over the last 2 years, Bitcoin has seen:

1. $2 trillion crypto bear market

2. 300+ lawsuits against crypto

3. Collapse of FTX, largest fraud since Enron

4. Collapse of regional banking system

5. Fastest rising interest rates in history

Yet, BTC just hit $29,000.

The resilience of crypto is unparalleled.

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Crypto exchange Bittrex Inc., founded in 2014 by three Amazon Inc. alumni, is shutting down its US operations, citing a regulatory environment that has made it “no longer feasible” to operate in the country.

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After searching for several crypto-April fools themed memes realized, we, the crypto people barely have an outside life so decided to post an irrelevant meme. 🥂

Draper now advises his companies to hedge against bank failure with Bitcoin.

https://twitter.com/TimDraper/status/1639333084767059968

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Bybit, one of the largest cryptocurrency derivatives exchanges headquartered in Dubai, said it is working to establish its core Asian business in Hong Kong and plans to house part of its research and development and marketing team in Hong Kong. Bybit also plans to apply for a license in Hong Kong under the proposed rules that come into effect in June.

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⚡ India's 1% TDS On Cryptocurrency Transfers Brought In $19 Million In Just Nine Months.

@Crypto_News | link

On March 13th, one of the largest, at the time, DeFi exploits occurred. Euler Finance was hacked for $197 million after a flash-loan attack.

Three days later, the hacker laundered $1.8 million through the crypto mixer Tornado Cash, but people were optimistic since this amount came out to less than the $19.7 million bounty provided.

This past Tuesday, the hacker sent a series of transactions to himself, using the input data to share messages with everyone. They said they were sorry and that they would be returning the remaining funds as soon as possible.

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PancakeSwap has launched version 3 of its automated market maker platform on BNB Chain and Ethereum.

https://blog.pancakeswap.finance/articles/introducing-pancake-swap-v3-a-more-efficient-and-user-friendly-dex-on-bnb-chain-and-ethereum.

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The Twitter logo has been changed to Doge in dogecoin.

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Elon shares this:

https://twitter.com/elonmusk/status/1642962756906418176

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Saudi Arabia discloses that it's a limited partner in Andreessen Horowitz, NEA, Craft Ventures, General Atlantic, Dragoneer, ICONIQ, Insight, and many others.

https://www.theinformation.com/articles/saudi-arabia-discloses-ties-to-andreessen-horowitz-dozens-of-other-venture-funds

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DYDX will unlock tokens worth $15.2m on April 11

BIT will unlock tokens worth $96.67m on April 15

APE will unlock tokens worth $66.46m on April 17

AXS will unlock tokens worth $32.1m on April 17

RON will unlock tokens worth $39.3m on April 27

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Largest Layoffs of 2023, So far:

1. Amazon: 27,000 employees
2. Google: 12,000 employees
3. Meta: 10,000 employees
4. Microsoft: 10,000 employees
5. Goldman Sachs: 3,200 employees
6. Coinbase: 25% of employees
7. Zoom: 15% of employees
8. Glassdoor: 15% of employees
9. Twilio: 15% of employees
10. Indeed: 15% of employees
11. LendingClub: 14% of employees
12. Vimeo: 11% of employees
13. Docusign: 10% of employees
14. Salesforce: 10% of employees
15. Gemini: 10% of employees

This week, McDonald's shut its corporate offices as they prepare to cut "hundreds" of employees.

At technology companies alone, we have see 330,000 people laid off over the last year.

Layoffs are spreading well beyond tech now.

Source: Kobeissi Letter

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Same, but different.

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What happens first?

BTC $30k ❤
ETH $2k 🔥
Both at the same time 👍
None👎

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The Reserve Bank of Australia kept its official cash rate at 3.60% at a policy meeting on Tuesday, snapping a run of 10 consecutive increases that have added 3.50 percentage points to the benchmark rate since May last year. Inflation in Australia started to decline, slowing to 6.8% in the year to February, from 7.4% in January.

US/Powell to follow? 💭

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April has historically been one of the best months of the year for risk assets.

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