Reddit Lets Go Cryptocurrency Engineer
Developer Ryan X Charles has been let go from his post as cryptocurrency engineer at Reddit.
Ryan X Charles has been let go from his post as cryptocurrency engineer on social platform Reddit.
The developer, who only this week demonstrated his proof of concept for peer-to-peer bitcoin payments on the site, announced the news in a Reddit post, saying:
"I have complete confidence in the new leadership, but cryptocurrency is no longer in their plans. "
He added that he was "fairly confident cryptocurrency will return to Reddit in the coming years", but that it would "have to wait a while for things to calm down" – a reference to the company's current situation after the sudden departure of CEO Yishan Wong.
The developer kept a positive tone and wished "the best of luck" to "everyone who will get to witness the new era of reddit from the inside". He finished off by saying that it had been "cool to be part of the historic front-page of the Internet, at least for a while".
Charles made the news last September, when he left his job as lead developer at BitPay after being contacted by Reddit's former CEO.
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Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
