Coinbase Lays Off Hits Southeast Asia Growth Teams as Company Slashes 14% Workforce
Global cryptocurrency exchange Coinbase has reduced its workforce by approximately 14%, a restructuring effort that CEO Brian Armstrong stated is necessary to transition the company into a “lean, fast, and AI-native” operation. The layoffs, announced on May 5, 2026, have…
Zano Prepares Trustless Cross-Chain Bridge for Native ZANO After Hard Fork 6
Key Takeaways: Zano’s Hard Fork 6, targeted for Q2 2026, introduces Gateway Addresses enabling trustless bridging of native ZANO to EVM, TON, and Solana networks. The Bridgeless protocol uses Threshold Signatures, so no single validator controls a transfer, cutting centralized…
Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits
Key Takeaways: Rejecting the Digital Asset Market Clarity Act over a rule, banks seek to prevent deposit flights. Eleanor Terrett notes big banks aren’t 100% aligned, so they will next lobby the Senate over market risks. On May 4, the…
Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says
Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand. Macro factors, including geopolitics and energy markets, will likely dictate price direction. Bitcoin Faces Resistance…
Kraken, Moneygram Expand Crypto Off-Ramps Across 100+ Countries
Key Takeaways: Kraken partnered with Moneygram to support crypto-to-cash withdrawals across more than 100 countries. Customers can access local currency through Moneygram’s regulated international cash pickup network. Expansion plans include local bank deposits, cross-border flows, and additional money movement options….
Strategy Posts $12.54B Loss as Bitcoin Holdings Reach 818,334 BTC
Key Takeaways: Strategy posted a $12.54 billion net loss in Q1 2026 driven by $14.46 billion unrealized bitcoin losses. Revenue increased 11.9% year over year to $124.3 million in the quarter, but earnings were dominated by digital asset volatility. Financing…
Bitcoin Bulls Defend $80,500 Support, Driving 7% Weekly Surge to $1.63 Trillion Cap
Key Takeaways: Bitcoin hit $81,714 on May 5 as the Trump administration worked to de-escalate Middle East tensions. The rally triggered $202 million in short liquidations, pushing the crypto market cap to $2.77 trillion. While the Strait of Hormuz remains…
Triple Win for Bitcoin ETFs With $532M Inflow While Ethereum Adds $61M
Key Takeaways: U.S. bitcoin spot ETFs recorded $532M in net inflows, their third consecutive positive day. U.S. ethereum spot ETFs added $61.29M, signaling institutional demand across both assets. April’s $2.44B in total spot BTC ETF inflows was the strongest monthly…
Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
Key Takeaways Tillis and Alsobrooks reached a May 4 deal to ban stablecoin rewards functioning like bank interest. Circle (CRCL) stock surged nearly 20% to $119.53 as the market reacted to the bipartisan CLARITY Act update. Regulators will now draft…
Hyperliquid Whale Bets $1.31M on TON at 6x Leverage as Bitcoin Eyes Fresh Highs
Key Takeaways: A new Hyperliquid wallet opened a 6x TON long worth $1.31M on May 5, with a $1.42 liquidation price. The trade signals elevated risk appetite as bitcoin surged past $81,000 for the first time since January. Hyperliquid has…
