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Coinbase Cuts 14% of Staff in AI Restructuring
The exchange joins Gemini, Crypto.com and the Algorand Foundation in reducing staff as crypto firms respond to weaker markets and AI.

Consensus Miami Day 1: Sights and sounds
Consensus Miami 2026 launched on Tuesday. Stay tuned for updates throughout the day.

State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain
The fund lets institutions earn yield on stablecoins while moving cash onchain with round-the-clock access.

Nasdaq firm scraps massive bitcoin treasury plan to redirect $485 million to AI
The Nasdaq-listed firm raised $500 million to invest in bitcoin. Less than a year later, it is chasing the market's current hot sector of AI.

BTC price analysis: Bitcoin absorbed $200 million profit-taking at $80,000
Net realized profits hit a one-month high of $207.56 million Sunday as bitcoin crossed $80,000 for the first time since January, with the price holding above the breakout level into Tuesday despite the heavy sell-side flow.

Bitcoin's $81K Rally Comes Amid 66-Day Negative Funding Streak: Here’s Why
Shorts have paid a 12% annualized carry for 66 days amid Bitcoin's climb—analysts say the driver is institutional hedging, not fear.
Global crypto ETP inflow streak extends to five weeks, masking sharp intraweek reversal: CoinShares
The inflows mark the fifth straight positive week, though the total masked strong outflows that were reversed by a single session on Friday.

Coinbase Cuts 14% of Staff Amid Crypto 'Down Market,' AI Adoption: CEO
The crypto exchange is restructuring around artificial intelligence and flattening its org chart, CEO Brian Armstrong said.
Coinbase cuts 14% of staff as it navigates downturn, shifts to AI-native operations
Coinbase CEO Brian Armstrong confirmed the layoffs on X, saying that the company's business remains "volatile" from quarter to quarter.

Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
SC Ventures, Standard Chartered’s venture capital division takes a stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.
a16z crypto raises $2.2 billion for fifth fund, promotes CTO to general partner
a16z crypto has raised $2.2 billion for its fifth fund as it points to growing use of stablecoins, onchain finance, and improving regulation.

Andreessen Horowitz's new $2.2 billion crypto fund is chasing stablecoins, DeFi, and the builders no one is watching
The new fund arrives as firms like Haun Ventures raise $1 billion and VC firms adapt to an AI-driven shift in capital.
FalconX and Sygnum partner to launch tokenized credit offering for institutional clients
FalconX’s facility extends credit through a special-purpose vehicle, backed by overcollateralized loans and monitored in real time.
Bitcoin Price Tops $81,000 For First Time Since January
Bitcoin price surged above $81,000 for the first time since January 2026.

Morning Minute: Crypto VC Haun Raises $1B Despite Market Slump
Bitcoin is firmly over $80k. The DTCC is about to tokenize everything. And World Liberty Fi countersues Justin Sun.

Toncoin surges 36% as Telegram replaces TON Foundation and slashes fees
Toncoin has surged more than 36% in 24 hours, outperforming the broader market.

Coinbase latest crypto firm to slash staff citing market conditions and AI shift. Reduces it by 14%.
Brian Armstrong, the CEO at Coinbase, lays off roughly 660 employees citing market conditions and a pivot to AI for greater efficiency.
Bullish to acquire Equiniti in $4.2 billion deal combining transfer agent and tokenization stack
Bullish agreed to acquire Equiniti in a $4.2 billion deal combining its tokenization stack with the global transfer agent’s infrastructure.
Coinbase Cuts 14% Of Workforce, Signals AI-Driven Future
Coinbase CEO Brian Armstrong took to Twitter to announce that Coinbase will cut 14% of its workforce as part of a shift toward an AI-driven operating model.

Uniswap DAO votes to take back $42m of governance tokens loaned to delegates
Uniswap DAO votes to take back loaned tokens. The cooperative delegated 12.5 million UNI between 2022 and 2023. The loaned tokens have served their purpose, the proposal's author said.
Crypto Exchange Bullish Strikes $4.2 Billion Deal For Equiniti To Build Tokenized Securities Infrastructure
Bullish has agreed to acquire global transfer agent Equiniti in a $4.2 billion transaction.

Hyperliquid takes aim at Kalshi, Polymarket targeting $24bn prediction markets
Hyperliquid's first Bitcoin outcome market beat Polymarket and Kalshi. Bernstein says the move signals prediction markets are becoming institutional hedging tools.

Strategy shares soar 50% in a month as Bitcoin tops $80,000 ahead of Q1 earnings call
Strategy's stock price rallied over 50% in the past month. Bitcoin is trading above $80,000. Bitcoin spot ETFs have pulled in $827 million so far in May.

Aave secures emergency hearing to void ‘catastrophic’ restraining order
People owed money by North Korea want the crypto that was nearly stolen in the April 18 Kelp DAO hack. That crypto was earmarked for a recovery fund meant to compensate people affected by the hack. Aave LLC has filed an emergency motion, and a hearing has been scheduled for Wednesday.