Coinbase Cuts 14% Workforce in AI Shift
Coinbase (@coinbase) cuts 14% workforce, impacting 700 employees, to manage costs and focus on AI. Restructuring costs estimated at $50-$60M. #Update #Crypto
Coinbase
Bitcoin Surges to $80000 as Clarity Act Progresses
@Circle surged 18% and @Coinbase rose 7% as Bitcoin hit $80,294.72 amid progress on the Digital Asset Market Clarity Act, boosting investor sentiment. #Update #Crypto $BTC
Chiliz Expands to Solana and Base Trading
@Chiliz is expanding its fan token offerings to Solana and Base, utilizing an Omnichain Fungible Token standard for unified supply, aiming to boost trading volume ahead of the FIFA World Cup. #Update #Crypto $CHZ
Crypto Platform Launches as Industry’s Prime Broker
@Coinbase has become the only full-service prime broker in crypto, offering trading, custody, financing, and staking services, holding over $350 billion in assets under custody. #Update #Crypto $BTC $ETH
Crypto Payments Surge with AI Agents
@Coinbase’s Jesse Pollak highlights the rise of AI agents in online payments, with $48M processed via the x402 protocol, enabling seamless blockchain transactions. #Update #Crypto $ETH
CFTC Sues New York Over Prediction Market Ban
The U.S. Commodity Futures Trading Commission (CFTC) has sued New York to assert federal jurisdiction over prediction markets, countering state lawsuits against firms like Coinbase and Gemini. #Breaking #Legal $BTC
Wisconsin Sues Crypto Giants Kalshi and Coinbase
Wisconsin has filed lawsuits against @Kalshi, @Polymarket, @Robinhood, @Crypto.com, and @Coinbase to prohibit sports betting derivatives, claiming they violate local gambling laws. #Breaking #Legal $CRO
OpenAI Poaches Coinbase Marketing Team Talent
OpenAI has hired several senior marketing executives from @Coinbase, including Kate Rouch and Sarah Russell, amidst a broader trend of talent shifting from crypto to AI. #Update #Crypto
New York Sues Coinbase Gemini Over Predictions
New York State Attorney General Letitia James has sued @Coinbase and @Gemini, claiming their prediction markets violate state gambling laws, labeling them as illegal gambling operations. #Breaking #Legal $BTC $ETH
SEC Sues Coinbase Gemini Over Gambling
New York AG Letitia James sues @Coinbase and @Gemini for operating unlicensed prediction markets, seeking triple fines and marketing bans. #Breaking #Legal
Crypto Faces Quantum Computing Threat Ahead
A report by @Coinbase warns that while quantum computing won’t immediately threaten crypto, preparations for quantum-resistant cryptography are urgent as a future threat looms. #Update #Crypto $BTC $ETH
Coinbase Bybit Launch Tokenization of U.S. Stocks
@Coinbase and @Bybit are collaborating to tokenize and distribute U.S. public and pre-IPO stocks, expanding access to Asian markets; no stake acquisition involved. #Update #Crypto $BTC
Bitcoin Rally Tests $76K as Sellers Emerge
Bitcoin’s rally faces resistance at $76K as sellers emerge, testing market strength. Analysts observe potential impacts on price momentum. #Update #Crypto $BTC
Coinbase Launches Two New Crypto Assets
@Coinbase has added Diem (DIEM) and Opengradient (OPG) to its listing roadmap, pending market-making support and technical infrastructure. No trading dates announced yet. #Update #Crypto