ChainCatcher news, according to Bloomberg, State Street Bank has recently restructured its digital assets division, with most employees being transferred to other departments of the company, resulting in some job cuts. Sources reveal that the number of positions eliminated is still unclear. By the end of 2023, the bank's digital assets division had about 100 full-time employees, most of whom have been reassigned to the bank's traditional asset servicing and technology operations departments.

According to Chain Catcher news and a report by CNBC, SoftBank's Vision Fund has initiated a comprehensive layoff, with a layoff rate of 30%, affecting 150 employees. SoftBank's CEO and founder Masayoshi Son stated that the company will review the scale and structure of the organization and plans to implement cost reductions, as the company's losses reached a record 3.2 trillion yen (approximately 23.4 billion USD) in the three months ending in June. It is reported that despite the significant losses, SoftBank is still considering launching a third Vision Fund.Examples of SoftBank Vision's investments in the crypto industry include DeFi trading service company BloXroute and blockchain gaming company Improbable. (Source link)