Dossier
crypto market downturn
Coverage of crypto market downturn in the Nexus archive.
- Coinbase missed Wall Street's expectations for the third straight quarter — and the stock sank
Coinbase's revenue fell to $1.2 billion, missing Wall Street's $1.3 billion forecast for the third consecutive quarter due to a crypto market downturn. The company's stock price declined following the earnings report.
- Yield Guild Kills Crypto Game Publishing Arm, Lays Off 35 in AI Pivot
Yield Guild Games is shutting down its YGG Play division and games like LOL Land, citing the crypto market downturn and other factors. The company also announced layoffs of 35 employees as part of an AI pivot.