700 Jobs Gone: Coinbase’s Brutal Cuts Signal Something Is Wrong With The Crypto Market
Coinbase CEO Brian Armstrong announced on Tuesday, May 5, that the company will reduce its workforce by approximately 14% — a move Armstrong described as “sudden and harsh” but necessary to position the exchange for what he called a new phase of AI-driven operations. In a post on X shared with employees, Armstrong outlined two […]
Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next
Crypto analyst Max has cited historical data to provide insights into what could be next for Bitcoin, noting that it has closed two consecutive monthly candles in the green. Based on this historical data, BTC may be heading for a red month, except if this bear cycle turns out to be different. Bitcoin Expected To […]
PENGU Holds Key Support as Price Tightens Near Breakout Zone
PENGU is showing signs of recovery after a prolonged downtrend, holding steady near the $0.010 level as selling pressure begins to ease. Price action has shifted from sharp declines to a more controlled range, reflecting improved stability. Additionally, buyers are gradually stepping in, helping form a stronger base beneath key resistance levels. Market structure now […]
Coinbase Slashes Jobs by 14% to Become ‘Lean, Fast, AI-Native’
Coinbase will reduce its workforce by about 14% as the company adjusts to current market conditions and changes driven by artificial intelligence. In a post on X, the exchange’s CEO Brian Armstrong explained that two major factors influenced the move. Smaller Teams, Bigger Roles First, he cited the ongoing volatility in the crypto market. Although […]
Crypto Exchange Bullish Strikes $4.2B Deal to Acquire Equiniti
The digital assets exchange Bullish is all set to acquire Equiniti, a global transfer agent, in a deal valued at $4.2 billion. The transaction includes $1.85 billion in assumed debt and about $2.35 billion to be paid in Bullish stock. Bullish said the deal will bring together its blockchain-based services, including token design, issuance, compliance, […]
Aave warns $71M exploit recovery could be seized before victims are repaid
Aave is asking a New York court to stop creditors from reaching frozen ETH that was set aside for victims of a major DeFi exploit. The fight turns a crypto recovery effort into a legal test over whether stolen assets can be redirected before users are made whole. Aave filed an emergency motion last week […]
Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
SC Ventures, Standard Chartered’s venture capital division takes a $150 million stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.
Andreessen Horowitz raises $2.2 billion in a new fund, saying crypto fundamentals are at an ‘all-time high’
The new fund arrives as firms like Haun Ventures raise $1 billion and VC firms adapt to an AI-driven shift in capital.
Bitcoin Price Rockets Past $81,000 for the First Time Since January
Bitcoin Magazine Bitcoin Price Rockets Past $81,000 for the First Time Since January Bitcoin price broke above $81,000 during Asian trading hours and early U.S. hours today, its highest price since late January and the latest sign that the market has moved past a brutal first-quarter stretch that bottomed near $60,000. The move came on […]
Toncoin surges 36% as Telegram replaces TON Foundation and slashes fees
The market is repricing TON as a Telegram-led ecosystem again, not just a foundation-run chain with a messaging app narrative attached.
Coinbase cuts 14% of staff as AI reshapes how crypto companies operate
Brian Armstrong, the CEO at Coinbase, announced a workforce reduction of roughly 660 from its current 4,700.
Coinbase Cuts 14% of Workforce, Signals AI-Driven Future
Bitcoin Magazine Coinbase Cuts 14% of Workforce, Signals AI-Driven Future Coinbase announced a 14% reduction in its workforce on Tuesday, a decision CEO Brian Armstrong described as preparation for what he called a “new way of working” built on artificial intelligence—not a defensive reaction to market conditions. In a company-wide email, Armstrong cited two forces […]