Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

Chorus One stories

Aug 12, 2026

Bitwise cuts 14% of workforce six months after acquiring 50 Chorus One engineers

Bitwise Asset Management laid off approximately 14% of its staff, reducing headcount to around 155 employees, just six months after acquiring staking firm Chorus One and its 50 engineers in February 2026.

Aug 12, 2026·3 sources
00

Top claims

  • ▪Bitwise Asset Management Chief Investment Officer Matt Hougan stated that Bitcoin has likely reached its bear market floor because its price has stopped responding to negative news.
  • ▪Bitcoin's weight in the Bitwise 10 Crypto Index Fund rose from 75.11% to 77.81% as of June 30, 2026, representing more than three-quarters of the ten-cryptocurrency basket.
  • ▪Bitwise Asset Management Chief Investment Officer Matt Hougan predicted that large wealth management platforms will serve as the quiet catalyst for the next cryptocurrency bull market.

Topics

Ethereum staking & validatorsInstitutional crypto adoption