Bitcoin and U.S. stocks added to earlier gains following Collins’ comments in an interview with the FT. What to know:

Co-founder John Patrick Mullin alleged the movement was likely due to exchanges closing OM positions, which impacted all market exposure. What to know: Crypto traders were reminded of Terra’s LUNA early Monday as trendy real-world asset upstart Mantra’s OM token dropped 90% within hours on no sudden catalyst — with conspiracy theories and allegations running […]

A Kraken spokesperson said the firm is “making the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of the business.” What to know: Crypto exchange giant Kraken has laid off hundreds of staffers across all areas of the business over the past several months, […]

Historical patterns and market signals suggest further upside — if no major shocks derail momentum, according to a report from 21Shares.

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