Crypto

Shiba Inu exchange holdings near $400 million threshold as short-term rebound seen as limited

Shiba Inu (SHIB) holdings on centralised exchanges are increasingly likely to fall below $400 million in dollar terms, an analysis said. The drop is seen as driven mainly by a decline in SHIB’s price rather than large-scale investor withdrawals. SHIB has tried to rebound on rising volume but failed to break key resistance levels and has turned weak again. On-chain activity appears relatively steady, with slight increases in addresses and transactions.

Crypto

Exodus cuts workforce 25 percent in restructuring

Cryptocurrency wallet firm Exodus is cutting 25 percent of its workforce as it restructures its organisation. The company said it is reducing headcount to adjust its cost structure and organisational priorities to fit a strategy to build a full-stack card issuance and payments platform. The announcement followed Exodus\' acquisitions of Monavate and Vank. Exodus reported 215 full-time employees as of Dec. 31 last year.