Paradigm CEO Matt Huang said that although Gen Z employees sometimes cause chaos, their creativity and technical breakthroughs have kept the company firmly committed to investing in young talent. MIT dropout Charlie Noyes contributed to the Ethereum ecosystem at age 19, demonstrating the potential of young employees.

January 29 News: The US labor market is showing clear signs of cooling down. Major companies such as Amazon, Pinterest, UPS, and Nike have announced layoffs one after another, with Amazon alone cutting about 16,000 jobs in January 2026. Data shows that US employers have cut approximately 1.2 million jobs over the past year, marking the highest layoffs since the pandemic, and recession expectations are rapidly increasing. According to Global Markets Investor forecasts, US layoffs in 2025 are expected to surge by 58% year-over-year, making it one of the most severe years since the 2008 financial crisis. The average job search duration for unemployed individuals has extended to about 11 weeks, the longest since 2021. Meanwhile, the probability of finding a new job has dropped to 43.1%, further weakening market confidence. Creative Planning strategist Charlie Bilello pointed out that in the past three months, the US has been losing an average of 22,000 jobs per month, and similar situations in history have almost always been accompanied by recessions. Henrik Zeberg, Chief Macroeconomist at Swissblock, also warned that the US economy is accelerating its slide into a downward trend.

The official Litecoin Twitter clarified that the video of Charlie Lee regretting the creation of Bitcoin is a misunderstanding, emphasizing his profound response and love for Litecoin, while accusing the Bitcoin community of malicious attacks against him.

Paradigm Market Development Lead Nick Martitsch announces departure after three years of service, while general partner Charlie Noyes also resigns but will continue to participate in Kalshi affairs as a board observer, supporting portfolio companies and founders.

Golden Finance reports that Charlie Noyes, a general partner at the crypto venture capital firm Paradigm, announced on the X platform that he has resigned from his position. However, he will continue to serve as a board observer for Kalshi alongside Paradigm founder Matt Huang and will also support Paradigm's portfolio companies and founders. Charlie Noyes joined Paradigm at the age of 19 and was the firm's first employee. He was promoted to general partner just this February.

Gold Financial Report, according to informed sources, bipartisan senators in the US Senate met with multiple Wall Street bank executives this week to discuss the Crypto Asset Market Structure Act. Senate Banking Committee Chairman Tim Scott stated that Congress is making "substantial progress" toward passing this comprehensive crypto market regulation bill, aiming to solidify the US's position as the "Global Crypto Capital." On that day, Scott discussed the bill's contents with US Bank CEO Brian Moynihan, Citigroup CEO Jane Fraser, and Wells Fargo CEO Charlie Scharf, including how to delineate between the SEC and CFTC.

Wells Fargo CEO Charlie Scharf stated that artificial intelligence can significantly improve operational efficiency, and the company has deployed generative AI tools, increasing code writing efficiency by 30% to 35%. There have been no layoffs so far, but teams are able to accomplish more work. AI will drive transformation across multiple sectors, and over 90,000 employees have already received AI training.

PANews, November 21 news, according to historical pullback data on Bitcoin provided by Charlie Bilello, as of November 21, 2025, Bitcoin has pulled back from its historical high of $126,000 at the beginning of October to the current $82,000, a fall of approximately 35%. This is one of several large pullbacks in Bitcoin's history, with the pullback magnitude comparable to the 32% at the beginning of 2025, but far lower than the pullback levels of 78% and 84% in 2021 and 2017, respectively. Data shows that Bitcoin has experienced multiple pullbacks exceeding 50% in its history, but each was followed by a significant price rebound, with the highest rebound reaching 1504%. The current pullback is within the normal range of Bitcoin's historical volatility.