Trading app company Robinhood reported various cryptocurrency-related trends in its quarterly and full-year report published on Feb. 8.

The company said that it saw cryptocurrency transaction revenues decrease 24% to $39 million sequentially during the fourth quarter of 2022. This trend was part of a larger decline that saw all transaction-based revenue fall 11% to $186 million.

Robinhood also said that its assets under custody (AUC) fell 4% sequentially to $62 billion. This trend was driven by lower market values in both the stock and cryptocurrency markets. Losses were partially mitigated by ongoing deposits, the firm said.

Robinhood’s balance sheets indicated that the firm had $8.4 billion of assets related its to user cryptocurrencies safeguarding obligation at the end of 2022.

The firm also noted that it has begun to roll out its wallet to more than a million waitlisted users. An announcement pertaining to the wallet was made on Jan. 19.

Robinhood’s stock (HOOD) closed down 0.76% today.

Protocol Labs has become the latest cryptocurrency company to carry out a mass layoff, according to a Feb. 3 report from Forbes.

The company reportedly laid off 89 people, representing 21% or approximately one-fifth of its workforce. The company cited poor market conditions and “macroeconomic challenges…in relation to Filecoin dynamics” as the reason for its layoffs.

Protocol Labs has not officially announced the layoffs. Instead, Forbes obtained the information from documents provided by an employee that has been let go.

Protocol Labs is perhaps best known for Filecoin, a blockchain that rewards distributed storage providers with cryptocurrency. When Filecoin ran its ICO in 2017, it raised $205 million, more than any other similar token sale had raised at the time. Filecoin is still among the 35 largest crypto assets, boasting a market cap of $2.1 billion.

The company is also known for IPFS, a distributed storage network that does not integrate cryptocurrency but is often used alongside Ethereum. Infura notably provides API gateways for both networks. Some Ethereum apps, such as Peepeth, also store data on IFPS.

Protocol Labs is just one of several companies to carry out layoffs this winter. Silvergate, ConsenSys, Gemini, Huobi, and Coinbase are among the other companies to do so.

Investors who purchased Bitcoin in 2019 are back in profit, according to data analyzed by Glassnode and CryptoSlate. The average acquisition price can be derived by tracking exchange data and aligning the price of Bitcoin with the time of withdrawals.

The below chart illustrates the average acquisition price of Bitcoin since its inception.

Interestingly, the average historical price is not consistent across exchanges. The average price for all exchanges sits around $16.7k, while Coinbase and Binance are around $21k. With Bitcoin’s price well above $23.5k, all exchanges are, on average, in profit. The broader market may welcome such data as it indicates market stress has been reduced.

Notably, Bitfinex investors have a considerably lower average withdrawal price of around $11,000. Given that Bitcoin has been above $11,000 since October 2020, such a low price makes it a considerable outlier.