700 people at Coinbase just got fired as CEO blames cost reset on AI and market volatility
Coinbase will cut about 700 employees, or 14% of its workforce, under a May 5 restructuring plan that the company says will cost $50 million to $60 million. The company framed the move as a response to two forces: crypto-market volatility and a shift in how artificial intelligence is changing the work inside Coinbase. Armstrong […]
Drift outlines a recovery plan for users after $295 million DPRK-linked exploit
The lending protocol proposed tokenized claims, a revenue-backed pool and a security overhaul as it works with law enforcement to recover the stolen funds.
Tokenization won’t disrupt banking rails but improve them, Wall Street executives say
Executives from Citigroup, JPMorgan and DTCC said at Consensus that genuine client demand is driving real-world use of tokenized assets.
Bitcoin extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, Centrifuge
Crypto market momentum could extend further unless geopolitical risks flare up again, one analyst said.
Andreessen Horowitz Expands Crypto Dominance With $2.2 Billion Fund
Andreessen Horowitz has raised a new crypto fund, showing continued long-term confidence in the sector despite weak market conditions. Crypto funding remains low, while investor interest is shifting toward AI. Large venture firms are increasingly dominating capital allocation, making the ecosystem more concentrated and competitive for smaller funds. Mega Fund Signals Renewed Crypto Conviction Venture
Toncoin (TON) Soars 36% as Telegram Takes Drastic Control
After Pavel Durov revealed Telegram’s upcoming developments Toncoin (TON) experienced a 36% increase. The plan is simple on the surface. Telegram will take control of The Open Network. The organization will stop operating as The Open Network. The organization will reduce all fees to almost zero. The organization will function as the primary validator for
Bitmine Just Crossed $10 Billion In Staked Ethereum – 88% of Everything It Owns Is Now Locked In
Ethereum has been relatively quiet as Bitcoin pushes above $80,000 and captures most of the market’s attention. ETH is holding its range, waiting for a catalyst that forces a directional decision. A few hours ago, data from Arkham Intelligence provided one piece of evidence that the structure beneath that quiet may be more significant than […]
Solana Faces Selling Pressure Despite Record Transaction Growth
Solana traded near $83.72 on May 2, showing a slight daily decline as selling pressure continued to weigh on price action. The asset stayed below key moving averages, reinforcing a bearish short-term structure. Additionally, price movement remained limited within a narrow intraday range, reflecting subdued volatility and cautious market participation. The network processed more than […]
a16z Crypto Closes $2.2B Fund to Back Builders Across All Stages
Venture Capital giant, Andreessen Horowitz (a16z) crypto arm has closed its fifth crypto fund at $2.2 billion. The new vehicle, named Crypto Fund 5, is designed to deploy capital over a long time horizon and invest across stages in crypto startups. Alongside the fund announcement, the firm said its CTO, Eddy Lazzarin, has been promoted […]
BNB Chain Hosts Community Event at Pérez Art Museum Miami During Consensus
[PRESS RELEASE – Miami, US, May 5th, 2026] BNB Chain, the leading L1 blockchain ecosystem, today announced it will host an event at the Pérez Art Museum Miami on the sidelines of Consensus Miami, bringing together builders, investors, and institutional leaders from across the Web3 space. The event is open to all attendees, from early-stage […]
Coinbase Cuts 14% Workforce, Cites AI and Market Shift
Coinbase has announced a significant workforce reduction, cutting approximately 14% of its employees as part of a broader restructuring effort. In an internal email, CEO Brian Armstrong outlined how shifting market conditions and rapid advancements in artificial intelligence are driving a fundamental change in how the company operates. Market Conditions and Cost Structure Drive Layoffs
Bitcoin (BTC) Whales Move $1B as Huge Bull Run Ignites
The market detects Bitcoin’s (BTC) revival of traditional money systems. The data confirms that whales have resumed their trading activities. The data shows that dormant wallets which remained inactive for multiple years have started to operate again. The shift occurs because BTC has advanced beyond its previous month-long gains to enter an entirely new market