What Happened on Jan. 6th｜Huobi to Cut 20% of Workforce

DeFi

• Kava 12 will launch on January 19th to develop on-chain DAO.

CeFi

• Crypto exchange Huobi will lay off 20% of staff.
• DCG shutters its wealth management division.
• Cathie Wood's ARK Invest buys about $5M of COIN.
• Crypto-trading firm Genesis lays off 30% of its staff.
• Three Arrows Capital founders were subpoenaed by Tweet.
• Ex-Celsius CEO was sued by NY for duping crypto investors.
• Vauld rejects Nexo's 'final' acquisition proposal.
• Marex solutions issues Coinbase-linked structured products.
• ChatGPT creator will sell shares in a tender offer at a $29 billion valuation.

Infrastructure

• MetaMask removed Wyre from the mobile aggregator.

Metaverse & NFTs

• Mutant Ape Planet NFT developer Aurelien Michel was arrested for alleged $2.9 million fraud.
• Illuvium: Zero is now available to Illuvium Land holders.

Policy & Regulation

• Bank of France Governor: Tougher regulation for crypto companies.

Fundings

• NFT company Candy Digital closed a Series A1 funding round led by Galaxy Digital and others.