THE WORLD’S BIGGEST CRYPTO FIRM IS MELTING DOWN

Summary from the TLDR Crypto newsletter

This WSJ article details the woes that Binance has been facing over the past year. Amidst US enforcement threats from the DOJ and the SEC, global crypto exchange Binance has been plagued by departures of senior executives and has been forced to make massive layoffs - 1,500 employees in total. Its market share has dropped from 70% at the start of the year to 50% now.