Too Long; Didn't Read
Coinbase CEO (and Lex Luthor look-alike) Brian Armstrong told employees last week that the world's second largest cryptocurrency exchange needed to let go of about 950 people in a bid to save costs in light of prevailing macroeconomic conditions. Some of these conditions included the spectacular downfall of rival FTX, which the CEO did not explicitly name. However, he did acknowledge an exacerbated downwards trend in the crypto market.