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As FTX undergoes restructuring, it finds itself clashing with the Official Committee of Unsecured Creditors over asset governance.
John Ray III has shown unease about UCC's idea of diverting $2.6 billion to U.S. Treasury bonds, all to offset anticipated professional expenses of nearly $330 million.
FTX has formerly assailed UCC's strategy and blamed the committee of attempting illegal oversight over client assets. 
Yesterday, reports surfaced suggesting that KuCoin had dismissed 30% of its employees due to declining profits. However, the cryptocurrency exchange's representatives debunked these claims today, explaining that there was just a slight downsizing in line with their routine organizational strategy.
"To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic," asserted Johnny Lyu, the Chief Executive of KuCoin. 
Tether's New Strategy: Buying Bitcoin with Profits
Tether, a leading stablecoin issuer, has unveiled a new investment approach emphasizing Bitcoin (BTC). The company will allocate up to 15% of its net realized operating profits to purchase Bitcoin, thereby diversifying and strengthening its reserves. As of March 2023, Tether already had approximately $1.5 billion in BTC reserves. What Is the Sell in May and Go Away Strategy?
"Sell in May and go away" is a well-known finance saying passed down through generations of traders and investors. It suggests that markets are likely to go down in late spring. But what is the story behind this phrase and can it be considered reliable advice for crypto portfolio holders? 
The bankrupt crypto lender has sent 150 million USDC to Circle, indicating that this amount can be eventually redeemed for US dollars.
This move is part of the company’s strategy to offload its crypto assets, despite objections from regulators that say Voyager's intention to sell its cryptocurrency may violate securities law. Senators demand Zuckerberg to close the Metaverse
Students under the age of 17 may no longer be able to play Horizon Worlds. Senators Edward J. Markey and Richard Blumenthal sent a letter to Meta CEO Mark Zuckerberg, categorically demanding that he abandon the strategy of attracting teenagers to virtual reality. X-ing Fingers: Musk Set to Revolutionize the Social Media World
The newly christened X, previously known as Twitter, has seen an impressive surge in users. This milestone marks the first triumph of a radical rebranding strategy where the platform's owner, Elon Musk, is converting the tweeting bird into an ambitious all-in-one app. EU Reveals “Web4 and Virtual Worlds Strategy”
The European Union (EU) has unveiled its “Web4 and Virtual Worlds Strategy,” bypassing the Web3 concept. The strategy, announced by the European Commission (EC) on Tuesday, aims to establish “web4 and virtual worlds” that align with EU values and principles. FXS Token Buyback Proposal Gets Founder's Nod
Cryptocurrency research firm, Ouroboros Capital, has proposed a more dynamic token buyback strategy that has piqued the interest of Frax Finance's founder, Sam Kazemian. The proposal aims to better leverage price fluctuations in the Frax Share (FXS) token to optimize the efficiency of the current buyback and burn campaign. 
ONE Championship, Animoca, and Notre Game to Launch MMA in Web3
Fighting strategy games have always been a hit with gamers, and they have become even more exciting with the integration of blockchain technology and NFTs. When these games are developed by well-known brands and launched as mobile games, they are sure to gain immense popularity within the Web3 community. Fostering Crypto Growth is in Japan's National Strategy
Japan's Liberal Democratic Party (LDP) is spearheading a distinctive approach to advance Web3 and crypto development as a core element of the country's national agenda under Prime Minister Fumio Kishida. The LDP's Web3 project team has endorsed a white paper that delineates a series of groundbreaking recommendations aimed at fostering the industry and promoting a crypto-accommodating environment. 
How to reduce Bitcoin mining risks: business case
Mining profitability has been declining since the end of 2021 as a result of the bear market. Increased mining difficulty and skyrocketing electricity prices twisted the knife in 2022. The miners had no choice but to change their business strategy. Their task was to level out negative market factors while maintaining profits.