Bitcoin

Bitcoin

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 significantly impacted the Asia-Pacific (APAC) growth teams, particularly those responsible for expanding the Base ecosystem,

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Bitcoin

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 custodian risk entirely. wZANO on Base opens a Coinbase fiat on-ramp, giving new users a

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Bitcoin

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 American Bankers Association demanded a fix for a loophole enabling future stablecoin yields. Banks Still

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Bitcoin

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 Below Critical Breakout Level Bitcoin’s upside remains conditional despite strengthening fundamentals, the May 4 market

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Bitcoin

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. Kraken Moneygram Partnership Expands Crypto Cash Access Crypto exchange Kraken announced on May 5 a

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Bitcoin

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 through STRC and equity sales continues fueling bitcoin expansion despite rising balance sheet risk. Strategy’s

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Bitcoin

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 a concern, President Trump’s ceasefire is expected to stabilize oil. Geopolitical Influence After breaching $81,000

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Bitcoin

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 figure since October 2025. Institutional Buyers Are Not Pulling Back The three-day streak matters beyond

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Bitcoin

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 a new disclosure regime for Circle and others before a Senate markup in May 2026.

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Bitcoin

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 continued attracting large traders after launching its HIP-4 prediction markets on May 2. A Trader

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