[Bitwise Lays Off 14%, Crypto Industry Remains Under Pressure] According to Bloomberg, crypto asset management company Bitwise has laid off approximately 14% of its workforce, reducing its staff from around 180 to 155 employees. CEO Hunter Horsley stated that even after the layoffs, Bitwise's team size remains the largest in its eight-year history and expects the company to continue growing as crypto integrates into the global economy. Bitwise manages over 70 products with approximately $9 billion in assets, including a $2.3 billion Bitcoin ETF. The crypto industry is experiencing a roughly 10-month downturn, with Bitcoin down about 50% from its all-time high in October last year.