ChainCatcher news, The Block's Vice President Larry Cermak tweeted that he will be promoted to the position of CEO of The Block. Meanwhile, Wintermute's founder and CEO Evgeny Gaevoy is joining The Block's board.Larry Cermak stated that the current environment of the crypto market is very different from five years ago, and The Block needs to adjust to adapt more quickly to market fluctuations. His current goal is to guide The Block towards profitability, focusing on revenue generation and streamlining its workforce. The Block will continue to invest heavily in research, data, and news to ensure the provision of high-quality content. (source link)

ChainCatcher news, The Block's Vice President of Research Larry Cermak tweeted that according to the database of The Block, Nexo currently holds a total of $378 million across 19 wallets, of which $264 million is in NEXO tokens. The total amount held in non-NEXO assets across all EVM addresses is only $114 million. (Source link)

ChainCatcher news, according to Protos, Harvard University professor and former chief financial advisor to the Obama administration Larry Summers has stated that he left DCG a few months ago. Summers joined DCG as a senior advisor in 2016, a year after the company was founded.In November, DCG's website still listed Larry Summers as a member of the company's advisory board, but this information has since been removed from DCG's website. Summers' personal website was updated on Wednesday, removing all references to his six-and-a-half-year relationship with DCG. (Source link)