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…
View More 700 Jobs Gone: Coinbase’s Brutal Cuts Signal Something Is Wrong With The Crypto Market
As global payment systems face pressure to become faster, cheaper, and less dependent on legacy intermediaries, attention is returning to blockchain-based alternatives. While countries explore alternatives to traditional systems, digital assets are increasingly entering the conversation, and XRP is drawing attention. Recent reports around early testing in Russia have sparked fresh discussion about whether XRP…
View More Could Ripple XRP Power Cross-Border Payments? Russia’s Early Tests Suggest Potential
Daily profits from Bitcoin sales are climbing fast — and analysts say a key threshold could determine whether the current rally has legs or runs out of steam. Profit-Taking Still Below Danger Zone Realized daily profits are hovering around $500 million, according to blockchain data firm CryptoQuant. That number matters because $1 billion has historically…
View More Bitcoin Rally Faces First Test At $76K As Sellers Step In: Analysts
According to market analyst Darkfost, Bitcoin’s price-based supply distribution is revealing critical zones that could define the asset’s near-term trajectory. This latest piece of important on-chain data is offering a clearer picture of where the market may be headed next, following the positive price action observed in early April. 61% Of BTC Supply In Profit…
View More Bitcoin Supply Map Reveals Key Support And Resistance Zones – Analyst
The Office of the Comptroller of the Currency handed Coinbase a national bank trust charter last week — a major regulatory win that came as the crypto exchange’s CEO was ramping up pressure on Congress to finalize long-stalled digital asset legislation. Armstrong Reverses Course On Clarity Act Brian Armstrong, who pulled Coinbase’s backing from the…
View More Crypto Regulation Heats Up As Coinbase CEO Supports CLARITY Act
Bitcoin climbed back above $71,000 after news of a conditional U.S.–Iran ceasefire tied to reopening the Strait of Hormuz. Bitcoin Bounces Back… For Now According to today’s QCP Market Colour, after the announcement of the ceasefire risk assets rallied, equities rose and oil cooled into the low-$90s. However, the report warns that all of this…
View More Bitcoin Rallies Above $71K —But Analysts Warn The Peace Is Only TemporaryNew reports reveal that XRP’s supply on Coinbase has crashed to historical lows as investors and community members appear to be boycotting the exchange following the recent delay in the CLARITY Act. On the one hand, the recent movement shows joint unity among XRP holders as they collectively exit exchanges in protest. On the other…
View More Why XRP Supply Crashing On Coinbase Is A Good Thing For The Price
The Office of the Comptroller of the Currency (OCC) granted Coinbase (COIN) a conditional approval for a national trust bank charter, a move that would place the crypto exchange among a small group of five digital-asset firms — including Ripple, Circle (CRCL) — that have received similar tentative sign-offs from the agency. If the charter…
View More ICBA Opposes OCC’s Conditional Nod For Coinbase National Trust Bank Charter
The majority of crypto customers still don’t understand how crypto is taxed, mistakenly believing simple transfers trigger tax events. Well intended crypto-tax confusion Although most crypto investors intend to comply with tax law, major confusion reigns amongst traders about cost basis, taxable events and evolving IRS regulations, Coinbase’s new 2026 Crypto Tax Readiness Report shows.…
View More Over Half Of US Crypto Users Don’t Understand This Scary Tax Rule
On‑chain trackers showed GameStop’s $324 million worth of bitcoin leaving its wallets for Coinbase. Many assumed a full‑blown dump, but SEC filings show the company still has exposure to Bitcoin, just not in the way most traders think. A Bitcoin “Covered-Call” Deal On paper, GameStop now only owns 1 BTC. The gaming company’s latest 10-K…
View More GameStop Didn’t Sell Bitcoin — What It Did Instead Will Anger BTC Maxis