GMO Internet Group will cut Masatoshi Kumagai’s monthly pay by 30% for three months. GMO Internet approved pay cuts for three other executives.
The figure is for Binance spot trading.
Its Ethereum vault had supplied about $704,000 to the pool before the move, with roughly $640,000 remaining afterward.
The trust had about $62 billion in net assets as of Oct. 30. Coinbase is its main Bitcoin custodian, with Anchorage Digital as an additional
The rating moved from Strong Buy after Intel’s third-quarter results and a weaker-than-expected fourth-quarter outlook.
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