Muyao Shen

Stay informed with Muyao Shen’s coverage and analysis for Fortune.

  • Former Republican US presidential candidate and US businessman Vivek Ramaswamy gestures as he speaks during a Turning Point Action ‘United for Change’ campaign rally for former US President and Republican presidential candidate Donald Trump in Las Vegas, Nevada, on October 24, 2024. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Politics

    Ramaswamy sees ‘massive cuts’ for contractors in efficiency push

    By Muyao Shen and Bloomberg
  • Michael SaylorThe Coins

    MicroStrategy’s $2 billion Bitcoin buy is largest since 2020

    By Muyao Shen and Bloomberg
  • A picture of one of the entrances of the Crypto.com Arena.Finance

    Crypto.com files suit against SEC after getting Wells Notice

    By Muyao Shen and Bloomberg
  • Billionaire Michael Saylor sitting on stage at a Bitcoin conferenceFinance

    MicroStrategy, chaired by billionaire crypto evangelist Michael Saylor, just dropped over $150 million to buy thousands of Bitcoin

    By Muyao Shen and Bloomberg
  • Brian Armstrong, CEO and Co-Founder, Coinbase, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)Tech

    The crypto industry has lost more than 2,000 jobs to layoffs this year alone as it tries to crawl back from major downturn

    By Muyao Shen and Bloomberg
  • Do Kwon, co-founder and chief executive officer of Terraform Labs, works on his laptop in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Kwon is counting on the oldest cryptocurrency as a backstop for his stablecoin, which some critics liken to a ginormous Ponzi scheme. Photographer: Woohae Cho/Bloomberg via Getty ImagesFinance

    Company behind crypto TerraUSD, whose collapse cost investors $40 billion and set off an industry-wide crisis, is sued for fraud by SEC

    By Allyson Versprille, Austin Weinstein, and others
  • The Genesis logo on a laptop computer arranged in the Brooklyn borough of New York, US, on Thursday, Nov. 17, 2022. Reverberations from the collapse of Sam Bankman-Frieds empire continue to spread through financial markets, threatening the future of crypto lenders like BlockFi Inc. and Voyager Digital Ltd. Photographer: Gabby Jones/Bloomberg via Getty ImagesThe Ledger

    Crypto brokerage Genesis said to be warning investors it may declare bankruptcy if it can’t raise at least $1 billion

    By Lydia Beyoud, Sonali Basak, and others
  • Falling down cryptocurrency illustration concept shows the falling down graph of cryptocurrency with the symbol of Bitcoin on the green neon light for making the financial background.The Coins

    Three Arrows Capital’s disgraced founders emerge from 5 weeks in hiding to tell the story of their crypto fund’s collapse

    By Joanna Ossinger, Muyao Shen, and others
  • A cryptocurrency automated teller machine (ATM) kiosk next door to a currency exchange office in Bucharest, Romania, on Tuesday, May 31, 2022. Cryptocurrencies re-established their tendency to trade in tandem with equities after divergence last week sparked concerns that investors would continue dumping digital tokens even amid a revival in demand for other risk assets. Photographer: Andrei Pungovschi/Bloomberg via Getty ImagesTech

    Back to business as normal? Bitcoin options point to positive signs after rout, traders say

    By Vildana Hajric, Muyao Shen, and others
  • Stylized glowing multicolored digital background with low-poly pixelated abstract coins, high detailed 3D rendered close-up viewTech

    Lido, the largest Ether staking service, has a centralization problem that’s raising red flags

    By Muyao Shen and Bloomberg
  • The Terra Twitter page on a laptop computer arranged in the Brooklyn borough of New York, US, on Monday, May 16, 2022. The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history. Photographer: Gabby Jones/Bloomberg via Getty ImagesFinance

    DeFi believers never say die, even after they see Terra’s demise

    By Muyao Shen and Bloomberg
  • Do Kwon, co-founder and chief executive officer of Terraform Labs, in the company’s office in Seoul, South Korea, on Thursday, April 14, 2022. Kwon is counting on the oldest cryptocurrency as a backstop for his stablecoin, which some critics liken to a ginormous Ponzi scheme. Photographer: Woohae Cho/Bloomberg via Getty ImagesThe Coins

    Stablecoin that’s supposed to be worth $1 plunges to around 40 cents

    By Muyao Shen, Philip Lagerkranser, and others
  • Ethereum logo in the centerThe Coins

    Crypto users are betting $10 billion on highly anticipated revamp of Ethereum

    By Muyao Shen and Bloomberg