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25 Jan 2023

Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts Continue

Crypto Markets Today: Bitcoin Holds Steady Near $23K; Gemini’s Job Cuts ContinueFTX’s FTT token was up 8% for the day. Equities closed higher. In at least its third round of layoffs since June, crypto exchange Gemini is shedding another 10% of its staff, according to an internal message viewed by The Information. This article originally appeared in Crypto Markets Today, CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Subscribe to get it in your inbox every day. Gemini has been swept up in the bankruptcy of crypto lender Genesis Global Capital and has been unable to pay out funds to its Earn account holders. Gemini’s founders, Cameron and Tyler Winklevoss, have engaged in a Twitter war with Digital Currency Group, the parent company of Genesis, over the $900 million owed to Earn customers. (DCG is also the parent company of CoinD

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