Bernstein analysts indicate that prediction market platforms consolidating core operations could lead to M&A and increased antitrust and regulatory scrutiny.
Robinhood's recent layoffs and broader crypto industry cuts are seen as a sign of a late bear market, though Altcoin Pro experts advise against panic.
Digital asset custodian BitGo has laid off 15% of its staff, with CEO Mike Belshe stating the company will focus on AI and stablecoins.
Illinois has surprised the crypto industry by implementing a new 0.2% tax on digital asset business activities, sparking widespread concern.