Sources: Crypto broker NYDIG, which raised $1B at a $7B+ valuation in December 2021, laid off around 110 people, about a third of its workforce, in September (Wall Street Journal)

Ingrid Lunden / TechCrunch:
Airwallex, which provides cross-border banking and other financial services for businesses, raised a $100M Series E2, bringing its total funding to over $900M  —  The economy may be showing many signs of contraction right now, but many companies still need to do business internationally.

Maria Heeter / The Information:
Online banking startup Chime is laying off 12% of its 1,300-person workforce, citing “current market dynamics”; it had a $25B valuation in August 2021  —  Online banking startup Chime, which before this year’s market meltdown had been widely seen as a candidate …

Juro Osawa / The Information:
Sea Ltd., Southeast Asia’s largest internet firm by revenue and market value, has laid off 7,000+ employees, or ~10% of its staff, over the past six months  —  Sea Ltd., Southeast Asia’s largest internet company by revenue and market value, has laid off more than 7,000 employees …

Adam James / The Block:
Research: Binance had a 55.1% market share in spot crypto trading in the past 24 hours and 54.4% of derivatives trading, easily surpassing FTX and others  —  – Binance accounted for more than 55% of the spot crypto market over the last 24 hours.  — The exchange also claimed …

Jamie Crawley / CoinDesk:
Study: in January 2022, 62.4% of bitcoin mining electricity came from fossil fuels, contradicting the Bitcoin Mining Council’s estimate that ~59% is sustainable  —  The CCAF uses publicly available data to run a theoretical model to estimate the environmental footprint of bitcoin mining.

Jeff Kauflin / Forbes:
A profile of London-based crypto trading firm Wintermute in the aftermath of UST and FTX’s implosion and a $160M hack, as revenues dramatically decline in 2022  —  By deftly navigating crypto’s frontier markets and winning big on the collapse of Terra’s stable coin, Wintermute has grown …