Luno to Cut 20% of Global Workforce and Restructure into Three Business Units
Odaily reported that cryptocurrency exchange Luno announced on July 28 that it will cut 20% of its global workforce and restructure its operations into three business units. The company did not disclose the total number of affected employees, with South African staff also included in the layoffs.
Luno is headquartered in London, with operations spanning Africa and Asia, and is owned by US-based Digital Currency Group. CEO James Lanigan stated that the cyclical decline in retail crypto trading activity and the adoption of automation tools are the main reasons for this restructuring.
Luno previously cut 35% of its staff in January 2023, when its total workforce was approximately 960 employees. Following this restructuring, the company will integrate its consumer platform and B2B API services, and establish a local currency stablecoin solutions unit along with an institutional business unit.
Luno has notified users in certain markets that related services will be discontinued on September 1, 2026. Account deposit and purchase functions were already closed on June 1, and users are required to liquidate their holdings and withdraw funds to local bank accounts by August 31.
Odaily News: According to on-chain analyst Aunt Ai's monitoring, a certain whale sold 5.338 million PONS at an average price of $0.6779, worth $3.67 million, driving the PONS price down 4% from $0.6968 to $0.6688. PONS was previously the largest on-chain asset of this address, with an entry price of approximately $0.7154. This sale resulted in a loss of about $200,000.
Odaily News: Crypto industry figure Jordy posted on X platform that former Hack VC partner Hsin-Ju Chuang has been found dead, and expressed condolences. According to a screenshot of a report shared by Jordy, 37-year-old Hsin-Ju Chuang resided in North Las Vegas and was found dead last month near a remote exit off Interstate 15 in the Mojave Desert. Investigators have not yet determined the cause of death.Hsin-Ju previously claimed that she was required to continue working during a medical emergency and was threatened with being blacklisted from the industry if she left before an event was completed. She rejected Hack VC's settlement offer and had planned to publicly release evidence related to her tenure on August 26. Hack VC stated that it has noticed the relevant content, is concerned about Hsin-Ju's health condition, but said that its understanding of the events differs significantly from what Hsin-Ju published, and that it would not publicly discuss details out of privacy considerations.
Odaily News: According to an official announcement, Binance will list the OURAUSDT USD-M Pre-IPO perpetual contract at 08:30 (UTC) on September 23, 2026, with a maximum leverage of 20x and support for multi-asset mode.
According to Lookonchain monitoring, a newly created address bought 269,500 UNI worth $2.84 million, while another address separately bought 138,400 UNI worth $1.23 million.
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