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Major tech firms have also announced varying degrees of job cuts as they continue to adapt to the changing market situations.
Twitter made the first interest payment of $300 million to Morgan Stanley and seven other lending institutions.
Several chipmakers in Asia suffered drawdowns to their shares in the aftermath of poor global smartphone shipments.
Embattled crypto-centric company BlockFi looks to auction off its mining equipment amid its ongoing bankruptcy case.
According to UBS, it expects a better Q1 as a result of the growing impact of the interest rate slowdown, as well as the easing of COVID-19 restrictions in China and other Asian countries.
The Pantera Liquid Token Fund suffered a massive drawdown in 2022, including a large November deficit especially after the FTX crash.
Ever since the fallout with the Earn Program, Gemini has been the center of scrutiny for both regulatory bodies and crypto customers.
Sources familiar with the matter said that the Biden administration is considering a total ban on supplies by the US firms to Huawei.
Twitter is eyeing to introduce fiat payments first and then integrate crypto assets in the near future.
Ripple and Montenegro’s Central Bank agreed on developing a pilot project for a national digital currency. However, the specifics of the upcoming project are not yet known.