$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report

Crypto Insight Summary: The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Layoffs at one crypto bank unlikely to significantly impact broader market sentiment.