Portofino, the crypto market maker, is apparently going through another round of layoffs or people just leaving. Saw some chatter about this online and it's the second wave they're dealing with, which honestly doesn't look great for the firm. These market makers usually need solid teams to keep operations running smoothly, so losing people repeatedly is kind of a red flag. The whole thing connects back to Bullish, which owns CoinDesk, so there's that institutional money angle in the background. Not sure exactly what's driving the departures - could be market conditions, internal issues, or just people moving on to other opportunities. Either way, when you start seeing patterns of staff leaving a trading firm, it usually means something's off. Curious if this is just normal crypto industry churn or something more serious brewing at Portofino.