What Happened to Cake Group? Liquidating a DeFi Giant
The application's disclosure, through a notice in The Straits Times on December 7, signals escalating tensions within Cake Group.

The application's disclosure, through a notice in The Straits Times on December 7, signals escalating tensions within Cake Group.
Cake Group, led by CEO Julian Hosp, announces a significant retrenchment and restructuring effort to realign with its core business, Bake, impacting 52 team members, while unveiling Cake 2.0 for a strategic shift in focus amidst challenges in the crypto landscape.
The Fintech Giant is divesting its entire investment.
This group is aimed at pooling the expertise of various academic fields relevant to the digital pound, encompassing areas such as monetary policy, finance, competition economics, industrial organisation, behavioural science, law, innovation theory, marketing, and business, according to a statement by the BoE.
The crypto trading firm has been battling rumours that it is in financial straits after the FTX crash, saying it’s business as usual.
The move marks a strategic shift by Citigroup, which so far has avoided the crypto space.
The global record label has steadily been expanding its blockchain partnerships with platforms like The Sandbox, OpenSea, OneOf and more.
If audio NFTs are "up next," you can count OpenSea and Warner Music Group (WMG) as two parties that are going to be aggressively present on the frontlines.
The concept for the BAYC group was realized by Celine Joshua, head of Universal label 10:22PM.
In a message to the ASX Pump Organization on Telegram, ASIC said: "Joint pumping up shares is illegal. We can see all trades and use trader identities."