Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?
DOGE remains the undisputed leader in the meme coin realm, whereas the battle for the second spot has been fierce lately.
US confirms ongoing military operations in Strait of Hormuz amid Iran tensions
Heightened US-Iran tensions in the Strait of Hormuz risk escalating conflict, undermining regional stability and peace prospects. The post US confirms ongoing military operations in Strait of Hormuz amid Iran tensions appeared first on Crypto Briefing.
XRP Evernorth names OpenAI CFO to its board
XRP Evernorth has named Robert Kaiden, CFO of the OpenAI Foundation, to its board of directors XRP Evernorth, the Ripple-backed treasury company building an XRP-denominated balance sheet ahead of a Nasdaq listing, has appointed two senior executives to its board.…
Middle East tensions drive WTI crude oil prices higher, impacting Fed rate cut odds
Rising oil prices due to Middle East tensions may prompt global monetary policy shifts, reducing the likelihood of U.S. Fed rate cuts. The post Middle East tensions drive WTI crude oil prices higher, impacting Fed rate cut odds appeared first on Crypto Briefing.
Garlinghouse defends Clarity Act Senate momentum
Ripple CEO Brad Garlinghouse defended Clarity Act progress at Consensus 2026, calling the past week a “big positive shift.” Ripple CEO Brad Garlinghouse took the Consensus 2026 stage in Miami today and told attendees the Clarity Act is gaining genuine…
Solana Foundation and Google Cloud launch Pay.sh payment gateway for AI agents
Solana Foundation and Google Cloud launch Pay.sh, letting AI agents access APIs and pay per request with stablecoins on Solana. The post Solana Foundation and Google Cloud launch Pay.sh payment gateway for AI agents appeared first on Crypto Briefing.
XRP price copies 2025 chart fractal that last time sparked 66% gains
XRP price broke out of a multi-month bull flag, while other chart technicals are also supporting more upside in the near term.
Bernstein cites $4T tokenized credit opportunity for Figure Technology stock
Bernstein points to Figure’s expansion beyond home equity lending into blockchain-based credit, as tokenization begins to scale across broader loan markets.
Best Crypto Presale to Buy Now: Ark Invest Targets $16 Trillion Bitcoin and Pepeto Could Be the Last Chance Before Listing
The best crypto presale to buy now matters more than ever after Ark Invest projected Bitcoin’s market cap will reach $16 trillion by 2030, a figure that implies over 10 times growth from today’s $1.5 trillion. CoinDesk published the report on May 1 highlighting that institutional ETF flows, corporate treasuries, and sovereign demand would drive the [...] The post Best Crypto Presale to Buy Now: Ark Invest Targets $16 Trillion Bitcoin and Pepeto Could Be the Last Chance Before Listing appeared first on Blockonomi.
Anthropic CEO comments may impact Google’s AI model ranking by May
Anthropic's CEO comments may prompt a reevaluation of AI leadership dynamics, potentially altering competitive strategies and market perceptions. The post Anthropic CEO comments may impact Google’s AI model ranking by May appeared first on Crypto Briefing.
Kraken and MoneyGram Launch Global Crypto Cash Service
TLDR Kraken will allow users to convert cryptocurrency into cash through MoneyGram locations in more than 100 countries. The partnership gives Kraken customers access to nearly 500,000 physical outlets worldwide for local currency pickup. Users will pay a variable exchange fee for each crypto-to-cash transaction completed through the MoneyGram network. Kraken co-CEO Arjun Sethi said [...] The post Kraken and MoneyGram Launch Global Crypto Cash Service appeared first on Blockonomi.
Ripple to share DPRK hacker intel with crypto industry after $577M in DeFi hacks
Ripple is feeding North Korea–linked threat intelligence into Crypto ISAC, hoping shared context on DPRK operatives and DeFi exploits can blunt a 2026 hack wave led by Drift and KelpDAO. Ripple said it has begun sharing internal threat intelligence on…
UN resolution demands Iran halt ship attacks, illegal tolls in Strait of Hormuz
The UN resolution may escalate geopolitical tensions, impacting global oil markets and complicating US-Iran nuclear deal negotiations. The post UN resolution demands Iran halt ship attacks, illegal tolls in Strait of Hormuz appeared first on Crypto Briefing.
Ripple CEO confirms no IPO plans despite $13T in payments processed
Ripple's decision against an IPO may stabilize investor expectations, potentially enhancing confidence in XRP's market performance. The post Ripple CEO confirms no IPO plans despite $13T in payments processed appeared first on Crypto Briefing.
Israel vows more destruction in Lebanon amid ongoing military operations
Increased military actions in Lebanon may hinder peace prospects and prolong regional instability, affecting geopolitical dynamics significantly. The post Israel vows more destruction in Lebanon amid ongoing military operations appeared first on Crypto Briefing.
Major US Exchange Strikes MoneyGram Deal
The bottleneck of turning digital assets into physical cash is getting a major upgrade.
$150M DSJ Exchange Ponzi Scheme Collapses; $41.5M Frozen After Multi-Chain Laundering
TLDR: DSJ Exchange and BG Wealth Sharing defrauded over $150M from victims since launching in 2025. Illicit actors laundered $92M+ across blockchains using swaps, bridges, and hundreds of wallets. ZachXBT traced $93M in fund outflows and helped Tether freeze $38.4M in USDT on May 4, 2026. Thirteen regulators across five continents had already issued public [...] The post $150M DSJ Exchange Ponzi Scheme Collapses; $41.5M Frozen After Multi-Chain Laundering appeared first on Blockonomi.
Trump administration declares end to hostilities with Iran, cites ceasefire
The ceasefire may stabilize regional tensions temporarily, but ongoing geopolitical issues could still impact future diplomatic relations. The post Trump administration declares end to hostilities with Iran, cites ceasefire appeared first on Crypto Briefing.
Anthropic expands Claude into finance workflows with Microsoft 365 integration
Anthropic rolls out Claude finance agents for Wall Street workflows, expanding across Excel, PowerPoint, and Word. The post Anthropic expands Claude into finance workflows with Microsoft 365 integration appeared first on Crypto Briefing.
Trump expands Cuba sanctions, dims prospects for US-Iran nuclear deal
Trump's hardline foreign policy stance reduces chances for diplomatic resolutions, impacting global geopolitical stability and market confidence. The post Trump expands Cuba sanctions, dims prospects for US-Iran nuclear deal appeared first on Crypto Briefing.
ECB June rate hike bets trimmed to 23 bps amid inflation concerns
The trimmed rate hike bets suggest a cautious ECB approach, potentially impacting Eurozone economic stability amid geopolitical tensions. The post ECB June rate hike bets trimmed to 23 bps amid inflation concerns appeared first on Crypto Briefing.
US gas prices hit $4.3 amid Iran conflict, Bitcoin outlook stable
Geopolitical tensions may heighten economic uncertainty, affecting risk sentiment, while Bitcoin's stability suggests resilience to such shocks. The post US gas prices hit $4.3 amid Iran conflict, Bitcoin outlook stable appeared first on Crypto Briefing.
SoundHound AI (SOUN) Stock Drops 3.17% Despite New OASYS Platform Debut
SoundHound AI (SOUN) stock dropped 3.17% Tuesday despite unveiling OASYS, its new agentic AI platform for enterprise automation and customer service. The post SoundHound AI (SOUN) Stock Drops 3.17% Despite New OASYS Platform Debut appeared first on Blockonomi.
Solana Exec Says XRP War Is Over, But Who Won?
Solana executive Vibhu recently alluded to content about how the war with XRP was over. This follows the integration of the wrapped XRP (wXRP) on the Solana network, which the Solana executive indicated is a positive for the crypto space. Solana Exec Spotlights XRP War As Being Over In an X post, Vibhu stated that […]
Trump seeks to dismantle Iran’s atomic stockpile in Pakistan talks
Renewed US-Iran nuclear talks could reshape regional stability and influence global nuclear non-proliferation efforts significantly. The post Trump seeks to dismantle Iran’s atomic stockpile in Pakistan talks appeared first on Crypto Briefing.
Romanian ministry of defense condemns russian drone debris incident
The incident highlights increased regional tensions, raising concerns about NATO's potential involvement and diminishing ceasefire prospects. The post Romanian ministry of defense condemns russian drone debris incident appeared first on Crypto Briefing.
Shiba Inu (SHIB) Lost Its Prestigious Position Once Again: Is a Comeback Possible?
DOGE remains the undisputed leader in the meme coin realm, whereas the battle for the second spot has been fierce lately.
Iran conflict disrupts oil shipments, Brent crude hits $119 per barrel
The disruption in oil shipments could exacerbate global economic instability, influencing energy markets and potentially triggering recession fears. The post Iran conflict disrupts oil shipments, Brent crude hits $119 per barrel appeared first on Crypto Briefing.
Michael Saylor Announces $5.1 Billion Bitcoin Profits for Strategy
Strategy releases periodic reports on its Bitcoin treasury performance, showcasing a massive gain of $5.1 billion in its Bitcoin yield so far this year.
Bitcoin Price Prediction Faces Strategy Earnings Pause While Whales Buy 270,000 BTC and Pepeto Presale Goes Viral, Here Is What You Need To Know
The bitcoin price prediction for May 2026 depends on what happens after Strategy reports Q1 earnings on May 5, according to CoinDesk. Michael Saylor paused weekly Bitcoin buys for only the second time this year, but told followers on X that purchases resume next week. The bitcoin price prediction sits at a turning point because [...] The post Bitcoin Price Prediction Faces Strategy Earnings Pause While Whales Buy 270,000 BTC and Pepeto Presale Goes Viral, Here Is What You Need To Know appeared first on Blockonomi.
How SHRMiner AI cloud mining is reshaping how to easily earn $9,997 in passive income in 2026
AI cloud mining expands access as SHRMiner lowers barriers to crypto mining participation in 2026. As the global technological landscape continues to evolve in 2026, more and more people are exploring passive income opportunities in the digital economy. Technologies such…
U.S. stocks open higher as storage names rally and PayPal sinks
U.S. stocks opened higher in a modest risk-on move, led by AI‑linked storage names like Micron and Western Digital, even as PayPal dropped about 10% on weak profit guidance. U.S. equities opened in the green, with the Dow up 0.45%,…
Bitcoin surges above $80,000 on $629M ETF inflows: AJC Mining offers free cloud mining, helping users boost their earnings potential
AJC Mining’s free cloud mining service gives global users an easy way to join the crypto market and explore higher earning opportunities amid Bitcoin’s latest rally. The global cryptocurrency market is entering a new wave of momentum as Bitcoin recently…
Kalshi taps Mesh to streamline crypto deposits and payouts for global users
Kalshi's integration with Mesh could revolutionize global prediction markets by enhancing liquidity and connectivity, driving broader crypto adoption. The post Kalshi taps Mesh to streamline crypto deposits and payouts for global users appeared first on Crypto Briefing.
Bitcoin hits $80K amid US-Iran tensions, $68K by May 9 likely
Bitcoin's rise amid geopolitical tensions underscores its role as a hedge, influencing market confidence and institutional adoption trends. The post Bitcoin hits $80K amid US-Iran tensions, $68K by May 9 likely appeared first on Crypto Briefing.
XRP Records 88% Lower ETF Inflows Yet Remains Green via Strong US and German Bid
XRP stays green despite an 88% flow slump as US and German investors provide a vital $3 million cushion against the broader market's $619 million liquidity drain.
Cipher Mining (CIFR) Stock Surges 9.78% as AI Data Center Strategy Outweighs Q1 Losses
Cipher Mining (CIFR) stock surged 9.78% despite Q1 losses, driven by AI data center expansion and third campus lease with investment-grade tenant. The post Cipher Mining (CIFR) Stock Surges 9.78% as AI Data Center Strategy Outweighs Q1 Losses appeared first on Blockonomi.
Circle Stock Jumps 20% to $119.53 as Tillis Deal Pushes Clarity Act Forward
Circle shares surged nearly 20% on May 4, closing at $119.53, after U.S. Senators Thom Tillis and Angela Alsobrooks reached a bipartisan compromise on the CLARITY Act’s stablecoin rewards language. 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 […]
Ash Ashutosh: The shift to agent-centric systems is revealing flaws in data retrieval, AI agents struggle with task completion rates below 50%, and vector databases are key to enhancing knowledge engines | AI + a16z
Vector databases are revolutionizing AI efficiency by boosting data retrieval accuracy from 68% to over 90%. The post Ash Ashutosh: The shift to agent-centric systems is revealing flaws in data retrieval, AI agents struggle with task completion rates below 50%, and vector databases are key to enhancing knowledge engines | AI + a16z appeared first on Crypto Briefing.
Anthropic Unveils Suite of 10 Specialized AI Agents Targeting Financial Services Industry
Anthropic debuts 10 AI agents for financial services, partnering with Goldman Sachs, JPMorgan, and Visa as competition with OpenAI intensifies. The post Anthropic Unveils Suite of 10 Specialized AI Agents Targeting Financial Services Industry appeared first on Blockonomi.
Uniswap DAO Moves to Reclaim $42M in UNI Tokens Loaned to Delegates and Foundation
TLDR: Uniswap DAO is voting to reclaim 12.5M UNI tokens worth $42M loaned to delegates between 2022 and 2023. Passed proposals now average 75M votes in turnout, exceeding governance quorum by roughly 88% consistently. Critics argue a16z crypto and large token holders dominate DAO voting, leaving smaller UNI holders with little say. Reclaiming loaned tokens [...] The post Uniswap DAO Moves to Reclaim $42M in UNI Tokens Loaned to Delegates and Foundation appeared first on Blockonomi.
UAE intercepts Iranian missiles amid regional tensions with Israel
The interception highlights escalating regional instability, potentially leading to increased military confrontations and geopolitical tensions. The post UAE intercepts Iranian missiles amid regional tensions with Israel appeared first on Crypto Briefing.
Crypto fund inflows hit five week streak as Bitcoin posts strongest close since January
Crypto fund inflows hit a five-week streak as Bitcoin sees its strongest close since January, driven by institutional investments. The post Crypto fund inflows hit five week streak as Bitcoin posts strongest close since January appeared first on Crypto Briefing.
Intel (INTC) Stock Soars Over 10% on Potential Apple Partnership Talks
Intel (INTC) stock jumped 10%+ after reports surfaced of early-stage talks with Apple about chip manufacturing as Apple explores TSMC alternatives. The post Intel (INTC) Stock Soars Over 10% on Potential Apple Partnership Talks appeared first on Blockonomi.
Bullish (BLSH) Stock Jumps 17% on $4.2B Equiniti Acquisition Deal
Bullish (BLSH) stock climbed 17% after revealing a $4.2B deal to buy Equiniti, positioning itself in the tokenized securities market with 24/7 trading. The post Bullish (BLSH) Stock Jumps 17% on $4.2B Equiniti Acquisition Deal appeared first on Blockonomi.
Ethereum solidifies institutional role, price likely above $1,800 by May 5
Ethereum's institutional adoption signals a shift towards mainstream financial integration, potentially driving long-term market stability. The post Ethereum solidifies institutional role, price likely above $1,800 by May 5 appeared first on Crypto Briefing.
Tom Lee Signals Crypto Spring: Bitmine’s Massive ETH Buy Signals Market Recovery Underway
Is the Crypto Winter Finally Over? Big news from the crypto world: Bitmine Immersion Technologies chairman just declared that the has begun. He calls it “” and says it’s here even though many investors still feel cautious. This comes after […] The post Tom Lee Signals Crypto Spring: Bitmine’s Massive ETH Buy Signals Market Recovery Underway appeared first on Blockmanity.
Fed rate cuts unlikely in 2026 amid inflation concerns, markets suggest
Persistent inflation may lead to prolonged higher interest rates, impacting borrowing costs and economic growth prospects in 2026. The post Fed rate cuts unlikely in 2026 amid inflation concerns, markets suggest appeared first on Crypto Briefing.
Andreessen Horowitz Launches $2.2B Crypto Fund to Back Stablecoins and Blockchain Markets
a16z crypto raises $2.2B for its fifth fund, targeting stablecoins, onchain markets, and practical blockchain products amid shifting VC priorities. The post Andreessen Horowitz Launches $2.2B Crypto Fund to Back Stablecoins and Blockchain Markets appeared first on Blockonomi.
Disney (DIS) Stock: Key Analyst Expectations Ahead of Wednesday’s Q2 Earnings
Disney (DIS) Q2 2026 earnings preview: Analysts project $25B revenue, $1.49 EPS, streaming profitability, and 30% upside potential. Report due Wednesday, May 6. The post Disney (DIS) Stock: Key Analyst Expectations Ahead of Wednesday’s Q2 Earnings appeared first on Blockonomi.
Coinbase Cuts 14% of Staff to Build a Leaner, AI-Native Company Amid Crypto Market Pressure
TLDR: Coinbase is cutting 14% of its workforce due to market volatility and the rapid rise of AI-driven workflows. The company will flatten its org structure to five layers max, with leaders managing up to 15 or more direct reports. US employees affected will receive 16 weeks minimum base pay, equity vests, and six months [...] The post Coinbase Cuts 14% of Staff to Build a Leaner, AI-Native Company Amid Crypto Market Pressure appeared first on Blockonomi.
Cameco (CCJ) Stock Soars on Q1 Earnings Beat Fueled by Strong Uranium Market
Cameco (CCJ) exceeded Q1 2026 forecasts with $0.34 EPS vs. $0.29 estimate. Revenue hit $616M, beating projections by 24% on uranium demand strength. The post Cameco (CCJ) Stock Soars on Q1 Earnings Beat Fueled by Strong Uranium Market appeared first on Blockonomi.
Rockwell Automation (ROK) Soars to Record Peak Following Strong Q2 Results
Rockwell Automation (ROK) stock surged 11% to record highs after beating Q2 estimates and lifting full-year guidance. ROK market cap now stands at $45B. The post Rockwell Automation (ROK) Soars to Record Peak Following Strong Q2 Results appeared first on Blockonomi.
US and Bahrain push UN-backed action for Hormuz maritime coalition
The US and Bahrain's UN-backed initiative may stabilize Hormuz, enhancing maritime security and potentially easing geopolitical tensions. The post US and Bahrain push UN-backed action for Hormuz maritime coalition appeared first on Crypto Briefing.
a16z crypto raises $2.2B as firm bets on stablecoins, AI agents, and tokenized markets
a16z raises $2.2B for Crypto Fund 5, backing startups in stablecoins, onchain markets, AI agents, and blockchain infrastructure. The post a16z crypto raises $2.2B as firm bets on stablecoins, AI agents, and tokenized markets appeared first on Crypto Briefing.
Pakistan mediates US-Iran ceasefire talks, sees progress
Pakistan's mediation in US-Iran talks could enhance regional stability, influencing geopolitical dynamics and market confidence positively. The post Pakistan mediates US-Iran ceasefire talks, sees progress appeared first on Crypto Briefing.
Kaiko flags possible front-running before Robinhood token listings
Kaiko said open interest, funding rates and wallet activity showed repeated pre-announcement positioning before several Robinhood token listings.
Two Platforms Defined Online Gambling. One Is Redefining It. Here Is Where ZunaBet Fits Alongside DraftKings And Bet365.
Some comparisons reveal how much has changed. DraftKings and Bet365 sit at opposite ends of the same story — one platform built its dominance in the United States through the specific circumstances of American sports culture and regulatory timing, the other built its dominance internationally through two and a half decades of relentless focus on [...] The post Two Platforms Defined Online Gambling. One Is Redefining It. Here Is Where ZunaBet Fits Alongside DraftKings And Bet365. appeared first on Blockonomi.
StanChart VC arm invests in crypto firm GSR at $1 billion-plus value
SC Ventures' investment in GSR signals growing institutional confidence in digital assets, potentially accelerating mainstream crypto adoption. The post StanChart VC arm invests in crypto firm GSR at $1 billion-plus value appeared first on Crypto Briefing.
US launches Project Freedom to secure Strait of Hormuz amid Iran tensions
Increased U.S. military presence in the Strait of Hormuz may heighten geopolitical tensions, impacting global oil markets and trade stability. The post US launches Project Freedom to secure Strait of Hormuz amid Iran tensions appeared first on Crypto Briefing.
Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount
Bitcoin Magazine Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount Sequans Communications sold 1,025 bitcoin during the first quarter of 2026, cutting its digital asset reserves nearly in half. This post Sequans Sells Half Its Bitcoin Holdings as Revenue Falls and Losses Mount first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Galaxy and State Street launch Solana-based SWEEP tokenized cash fund
U.S. stocks opened higher on Tuesday, with major indexes gaining and AI‑linked storage names outperforming, even as PayPal sank about 10% after disappointing profit guidance. According to CoinDesk, State Street and Galaxy have rolled out SWEEP, a “tokenized private liquidity fund”…
David Schwartz Says Ripple Stock Is His Real Bet, Not XRP
Ripple’s former CTO David Schwartz pushed back against the idea that he is a committed long-term XRP holder, saying in a series of X posts that Ripple stock, not XRP, now represents his main exposure to the crypto sector. The comments matter because Schwartz remains one of the most closely watched figures in the XRP […]
Should You Buy CoreWeave (CRWV) Stock Ahead of Thursday’s Q1 Earnings Report?
CoreWeave (CRWV) reports Q1 earnings May 7. Analysts expect $1.97B revenue, up 100% YoY. Options price 18.71% move. Is the stock a buy now? The post Should You Buy CoreWeave (CRWV) Stock Ahead of Thursday’s Q1 Earnings Report? appeared first on Blockonomi.
Wedbush’s Dan Ives Defends Palantir (PLTR) Stock as Premier AI Investment Despite 2026 Decline
Dan Ives calls Palantir (PLTR) his top software pick outside Mag 7, forecasting 32% upside despite 17% YTD decline as AI revolution enters early innings. The post Wedbush’s Dan Ives Defends Palantir (PLTR) Stock as Premier AI Investment Despite 2026 Decline appeared first on Blockonomi.
U.S. to review AI models from Microsoft, Google, xAI before public release
Microsoft, Google, and xAI have agreed to provide the U.S. government with early access to upcoming artificial intelligence models, allowing officials to examine potential national security risks before the systems are released to the public. The arrangement will enable the…
Crypto Fund Inflows Drop to $117.8 Million Amid Ethereum Outflows
From April 27 to May 1, inflows into crypto investment products amounted to $117.8 million. Positive momentum has been maintained for the fifth consecutive week, although growth rates have hit a record low for this period. Weekly inflow dynamics into crypto funds. Source: CoinShares. The total volume of assets under management remained at $155 billion. Investor activity decreased: inflows were recorded in only four assets compared to nine the previous week. From April 27 to 30, outflows totaled $619 million. The situation changed on May 1: $737 million flowed into the funds in a single day, offsetting all losses. This is one of the largest daily figures in 2026. Bitcoin remained the leader in inflows, with $192.1 million for the week. Since the beginning of the year, total inflows into the leading cryptocurrency have reached $4.2 billion. Interest in shorting instruments increased by $6 million. Weekly distribution of attracted capital by assets. Source: CoinShares. Ethereum ended its three-week growth streak, with $81.6 million withdrawn from funds based on the second-largest cryptocurrency by market capitalization. In the United States, inflows sharply decreased to $47.5 million from $1.1 billion the previous week. Germany attracted $43.8 million, and Canada $16 million. Weekly distribution of attracted capital by regions. Source: CoinShares. Back in April, from the 20th to the 24th, inflows into digital asset-based investment products amounted to $1.2 billion.
Bitcoin's Path to $88,000: Veteran Trader Bob Loukas Explains How BTC is Breaking Every Market Rule
Bitcoin Surges to 3-Month High Above $80K: Altcoins Post Double-Digit Gains in Crypto Rally
Bitcoin Breaks Out with Massive Surge The crypto market is on fire today. Bitcoin has rocketed past $80,500 for the first time in three months. This big move ends a slow weekend and sparks joy across the board. After hovering […] The post Bitcoin Surges to 3-Month High Above $80K: Altcoins Post Double-Digit Gains in Crypto Rally appeared first on Blockmanity.
Coinbase to Cut Workforce by 14% and Focus on AI Integration
The cryptocurrency exchange Coinbase will reduce its workforce by approximately 14%. The company's CEO, Brian Armstrong, explained the decision as a necessity to optimize expenses and more actively integrate artificial intelligence into work processes. This is an email I sent earlier today to all employees at Coinbase:Team,Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the…— Brian Armstrong (@brian_armstrong) May 5, 2026 According to him, the company is adapting to market conditions. Even with sufficient capital, Coinbase aims to enhance operational efficiency ahead of the next industry growth phase. The second reason for the layoffs is the development of AI: technologies enable small teams to handle tasks that previously took weeks. As part of the restructuring, the exchange will change its operational model: limit the number of management layers to five; require managers to participate in work processes alongside executors; create AI divisions where one person can combine the roles of engineer and designer. Dismissed employees in the US will receive a minimum of 16 weeks' salary and six months of health insurance. Access to work systems was immediately revoked after the announcement to "protect customer data." Armstrong emphasized that the company's mission remains unchanged, and the changes will help Coinbase make decisions more quickly. Back in April, it was reported that Snap will replace 1,000 employees with neural networks to save $500 million.
Peter Thiel Invests $140 Million in Ocean-Based Data Centers
The American startup Panthalassa, which is developing autonomous floating data centers powered by wave energy, has raised $140 million, valuing the company at approximately $1 billion. Today we're announcing @_panthalassa’s $140M Series B, led by Peter Thiel, with participation from John Doerr and many other incredible investors. The mission: unlock the ocean as another planetary-scale energy resource for humanity. First stop: compute. pic.twitter.com/uNO2hehyEf— Garth Sheldon-Coulson (@garthsc) May 4, 2026 The round was led by billionaire Peter Thiel through his personal fund. According to the Financial Times, the funding also included participation from Gigascale Capital, Lowercarbon Capital, Unless, and several notable tech investors, including Marc Benioff, Max Levchin, and John Doerr. According to Panthalassa CEO Garth Sheldon-Coulson, the funds will be used to complete a pilot manufacturing plant in the United States and prepare for the deployment of the first commercial Ocean-3 nodes in the Pacific Ocean. Ocean-Based Data Centers Panthalassa is building computing nodes for artificial intelligence. Each node is an 85-meter steel autonomous platform. The platforms are planned to be placed in the open ocean. Initially, they will be towed horizontally across the water. They will then flip to a vertical position and reach their deployment site without engines, using a specially designed hull that harnesses wave energy. Ocean-2 Node. Source: X. The company does not disclose exact coordinates: the locations are in remote areas of the Pacific Ocean, away from shipping routes. Electricity is generated by water movement through built-in turbines, powering AI servers directly on board. The computation results are transmitted to clients via SpaceX's Starlink satellite network. Locating in the ocean addresses the cooling issue: seawater is used to dissipate heat, extending the lifespan of the chips. Representatives of the startup claim to have already tested several prototypes—Ocean-1, Ocean-2, and Wavehopper—in real conditions. The commercial launch of the first full-fledged Ocean-3 is scheduled for 2027. Exotic Energy Sources for AI Investor interest in Panthalassa is driven by the rapidly growing shortage of computing power. Amid the AI boom, the market is already seeking unconventional power sources for data centers—from restarting nuclear reactors to space-based solar stations. Peter Thiel described the startup's idea as opening "a new oceanic frontier of computation." He stated that the demand for computing will be enormous, and finding new energy sources is no longer science fiction. The head of Panthalassa noted that the energy of the open ocean could become one of the few truly scalable clean sources, capable of providing tens of terawatts of power—alongside solar, wind, and nuclear energy. In March, the Australian startup Cortical Labs introduced a "data center" based on human brain cells.
PayPal (PYPL) Stock Plunges 9% as CEO Announces $1.5B Cost Reduction Initiative
PayPal (PYPL) stock sank 9% after Q1 earnings. New CEO Enrique Lores announced a $1.5B cost-cutting initiative and provided soft Q2 guidance for investors. The post PayPal (PYPL) Stock Plunges 9% as CEO Announces $1.5B Cost Reduction Initiative appeared first on Blockonomi.
Securitize, Jump and Jupiter unveil first institutional-grade onchain secondary market for real stocks
The collaboration signifies a pivotal shift towards integrating traditional equities with blockchain, enhancing liquidity and regulatory compliance. The post Securitize, Jump and Jupiter unveil first institutional-grade onchain secondary market for real stocks appeared first on Crypto Briefing.
Securitize, Jump, JupiterExchange launch regulated onchain trading on Solana
The launch of regulated onchain trading on Solana could boost its market position, driving adoption and liquidity in tokenized equities. The post Securitize, Jump, JupiterExchange launch regulated onchain trading on Solana appeared first on Crypto Briefing.
US to reduce military presence in Strait of Hormuz amid Iran ceasefire
The reduced U.S. military presence may foster international cooperation and stability, enhancing safe commercial shipping through the Strait. The post US to reduce military presence in Strait of Hormuz amid Iran ceasefire appeared first on Crypto Briefing.
Alphabet (GOOGL) Stock Reaches Record High Following JP Morgan’s $460 Target
Alphabet (GOOGL) stock reaches all-time high near $387. JP Morgan sets $460 target, naming it top 2026 pick after Q1 earnings beat expectations. The post Alphabet (GOOGL) Stock Reaches Record High Following JP Morgan’s $460 Target appeared first on Blockonomi.
US-Iran conflict fuels inflation, dims Fed rate cut prospects for 2026
The US-Iran conflict's inflationary impact may compel the Fed to prioritize inflation control over rate cuts, affecting economic stability. The post US-Iran conflict fuels inflation, dims Fed rate cut prospects for 2026 appeared first on Crypto Briefing.
Lam Research (LRCX) Surges to Record Highs: Analyzing the 252% Rally
Lam Research (LRCX) reaches record $275.99 with 252% annual gain. Analysts boost targets to $340 as Q3 beats estimates despite China headwinds. The post Lam Research (LRCX) Surges to Record Highs: Analyzing the 252% Rally appeared first on Blockonomi.
Kraken Partners With MoneyGram to Enable Crypto Cash-Outs at 500,000 Locations Worldwide
Bitcoin Magazine Kraken Partners With MoneyGram to Enable Crypto Cash-Outs at 500,000 Locations Worldwide Kraken will let users convert crypto into cash at MoneyGram locations across more than 100 countries, expanding access between digital assets and physical cash networks. This post Kraken Partners With MoneyGram to Enable Crypto Cash-Outs at 500,000 Locations Worldwide first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
DigitalOcean (DOCN) Stock Soars 16% on Blowout Q1 Performance and Raised Outlook
DigitalOcean (DOCN) stock soared 16% after reporting Q1 revenue of $257.9M and EPS of $0.44, beating estimates. Full-year guidance raised on AI growth. The post DigitalOcean (DOCN) Stock Soars 16% on Blowout Q1 Performance and Raised Outlook appeared first on Blockonomi.
Iran seizes two ships, reducing Strait of Hormuz traffic amid tensions
Heightened tensions in the Strait of Hormuz could disrupt global energy supplies, impacting market stability and geopolitical relations. The post Iran seizes two ships, reducing Strait of Hormuz traffic amid tensions appeared first on Crypto Briefing.
Crypto products post 5th straight week of inflows despite mid-week selloff
Crypto ETPs shed $619 million over four days before a $737 million Friday session rescued the week, extending the inflow streak to $4.02 billion across five weeks.
Bitcoin ‘supercycle’ or bear-market rally? BTC breaking $81K has traders at odds
Bitcoin bottom calls grow as analysts target $180,000–$250,000 within a year, fueling debate over whether BTC has resumed its broader bull cycle.
Coinbase cuts 14% of workforce, citing market slump and AI shift
Brian Armstrong said Coinbase will flatten management layers and require leaders to work as “player-coaches” under the new structure.
Binance changes weekend pricing for commodity TradFi futures
Binance will shift to an orderbook-weighted pricing model for commodity perpetual futures during off-hours, potentially changing margin and liquidation behavior.
Space and Time rolls out virtual vaults for institutional onchain lending
The data blockchain securing onchain finance projects looks to provide lenders and borrowers with agreement-specific collateral solution.
K Wave Abandons Bitcoin Treasury Plan, Shifts to AI Infrastructure Play with $485M War Chest
Bitcoin Magazine K Wave Abandons Bitcoin Treasury Plan, Shifts to AI Infrastructure Play with $485M War Chest Nasdaq-listed K Wave Media is abandoning its high‑profile bitcoin treasury plan and recasting itself as an AI infrastructure company. This post K Wave Abandons Bitcoin Treasury Plan, Shifts to AI Infrastructure Play with $485M War Chest first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Trump warns of military action over Iran peace proposal dissatisfaction
Increased tensions and potential military escalation could hinder diplomatic efforts, impacting regional stability and global economic markets. The post Trump warns of military action over Iran peace proposal dissatisfaction appeared first on Crypto Briefing.
Digi Power X (DGXX) Shares Soar 39% Following Massive $1.1B Cerebras Partnership
Digi Power X (DGXX) stock jumped 39% after securing a $1.1B, 10-year AI data center deal with Cerebras Systems in Columbiana, Alabama. The post Digi Power X (DGXX) Shares Soar 39% Following Massive $1.1B Cerebras Partnership appeared first on Blockonomi.
Coinbase CEO Announces 14% Staff Layoff
Coinbase is set to reduce its workforce by 14% following its plan to pivot to an AI-native business model amid broad economic struggles.
Elastics raises $2M pre-seed to build AI OS for prediction markets
Elastics, which describes itself as an “AI predictive market operating system,” announced it has raised $2 million in an oversubscribed pre-seed round led by early-stage investor Frst. Frst leads oversubscribed round into Elastics According to details shared by Menlo Times…
US sanctions Iranian currency exchanges, impacting oil trade with China
US sanctions on Iranian exchanges could heighten geopolitical tensions, potentially disrupting oil markets and impacting global trade dynamics. The post US sanctions Iranian currency exchanges, impacting oil trade with China appeared first on Crypto Briefing.
Fiserv (FISV) Stock Plummets 7% Following Disappointing Q1 Revenue Decline
Fiserv (FISV) stock tumbled 7% after Q1 results showed 4% organic revenue decline. Analysts cut targets as company issues cautious 2026 outlook. The post Fiserv (FISV) Stock Plummets 7% Following Disappointing Q1 Revenue Decline appeared first on Blockonomi.
Opendoor (OPEN) Stock: Q1 Earnings Preview and Wall Street Projections for May 7
Opendoor (OPEN) Q1 earnings arrive May 7. Analysts expect -$0.09 EPS, $666M revenue, and an 8.77% stock move. Here's what investors need to know. The post Opendoor (OPEN) Stock: Q1 Earnings Preview and Wall Street Projections for May 7 appeared first on Blockonomi.
Harley-Davidson (HOG) Stock Gains Ground Following Strong Q1 Performance and Strategic Pivot
Harley-Davidson (HOG) stock rises after Q1 earnings beat and new 'Back to the Bricks' strategy targeting affordable bikes and improved profitability. The post Harley-Davidson (HOG) Stock Gains Ground Following Strong Q1 Performance and Strategic Pivot appeared first on Blockonomi.
Interhash Launched AI Compute for Mining Operations, Extending Infrastructure Beyond Bitcoin
First GPU-powered AI mining servers now operational – bridging the gap between Bitcoin mining and artificial intelligence workloads CEO of Interhash Alexander Lozben announced at the Bitcoin 2026 conference in Las Vegas that its first GPU-powered AI mining servers are live. The pilot marks the company’s entry into high-performance compute – not as a pivot from Bitcoin [...] The post Interhash Launched AI Compute for Mining Operations, Extending Infrastructure Beyond Bitcoin appeared first on Blockonomi.
Three reasons why Pi Network price eyes break above $0.20 soon
Pi Network price is hovering near the $0.18 mark, holding steady despite recent volatility as a mix of event-driven catalysts and improving technical structure builds a case for a push toward the $0.20 resistance. According to data from crypto.news, Pi…
BREAKING – Layoff Shock: Coinbase To Eliminate 700 Jobs
American crypto exchange Coinbase will cut roughly 700 workers — about 14% of its global headcount — in a restructuring move the company says is driven by a slowing crypto market and a rapid shift toward AI-powered operations. Related Reading: Bitcoin Treasury Race Shifts: Strive Adds $34M BTC As Strategy Slows Down The cuts are […]
Institutional Crypto Momentum Grows As Standard Chartered Invests In GSR
Before Standard Chartered’s investment arm took a stake in GSR, the crypto market maker had already made a move of its own. GSR invested in Libeara last month — a tokenization platform backed by SC Ventures — designed to help financial institutions issue tokenized assets. Related Reading: Bitcoin Treasury Race Shifts: Strive Adds $34M BTC […]
Kindergarten Teacher’s Sticker Blockchain Lesson: How Kids Accidentally Reinvented Cryptocurrency
Imagine Explaining to 5-Year-Olds Picture this: a kindergarten classroom full of excited kids. The teacher asks what their parents do for work. One kid says, “My dad mines crypto.” The room goes quiet. Then the questions start. What is crypto? […] The post Kindergarten Teacher’s Sticker Blockchain Lesson: How Kids Accidentally Reinvented Cryptocurrency appeared first on Blockmanity.
Anthropic co-founder forecasts ‘self-developing AI’ by 2028
By 2028, AI systems capable of designing and training their own successors without human involvement could reach the market, Anthropic co-founder Jack Clark said. "This is very important. I don't know how to process it. I come to this conclusion reluctantly, because the consequences are so great that I feel overwhelmed by them, and I'm not sure society is ready for the changes implied by automated AI development," he noted. Clark outlined a scenario of fully automated AI research—where a model independently: sets research goals; designs experiments; writes and tests code; optimises training; improves the architecture of the next version of the AI. He called this a "Rubicon into an almost unpredictable future" and put the probability of such a scenario at 60% over the next two years. What the estimate rests on Clark’s conclusion rests on the trajectory of several benchmarks: SWE-Bench — a test of solving real engineering tasks from a GitHub repository. At the end of 2023 the best models handled roughly 2% of cases; by spring 2026 the figure had reached 94%; CORE-Bench — reproducing the results of scientific AI papers with environment setup, code execution and analysis of conclusions. According to Clark, the benchmark is effectively "closed": modern agents score about 95.5%; MLE-Bench — performing ML tasks at Kaggle level. The best agentic systems already reach 64–65%. According to the Anthropic co-founder, all three metrics show one thing: AI is rapidly shifting from writing snippets of code to fully carrying out engineering and research tasks. Rising autonomy Another argument is the increasing duration of tasks that AI models can perform without human intervention. According to METR, in 2022 systems managed tasks that took humans tens of seconds. In 2024 the figure rose to about 40 minutes; in 2025, to six hours. Today, leading models can sustain engineering work for around 12 hours straight. Clark linked this to the spread of agentic programming tools. The longer a model holds a goal, checks intermediate results and fixes errors, the more stages of the research cycle can be delegated to it. Why this matters for AI development The current AI development loop follows a familiar pattern: study prior work, reproduce the result, set up an experiment, train or fine-tune a model, check metrics, find bottlenecks and repeat. Gains on SWE-Bench, CORE-Bench and MLE-Bench indicate that models already handle whole chunks of that loop. Clark also pointed to progress on more specialised tasks. For example, AI is beginning to be used to design GPU kernels—code that determines how efficiently models train and infer on specific hardware. Another strand is post-training models. In the PostTrainBench benchmark, AI systems improve small open-source LLMs. As of spring 2026, the best networks achieve 25–28% of the target gain (human teams, 51%). Clark deems the result significant: the target is set by real instruction-following models built by experienced researchers. Anthropic measured how its models optimise LLM training on the CPU. Over a year the speed-up rose from 2.9x (Claude Opus 4) to 52x (Claude Mythos Preview). Humans typically need four to eight hours for a comparable task. AI is already learning to manage AI Clark noted that modern systems are starting to coordinate the work of other agents. The approach is already used in products such as Claude Code or OpenCode: one assistant parcels out work among multiple sub-assistants, supervises them and aggregates results. For AI development this matters: it is rarely a single linear task — usually it is dozens of parallel processes, including writing code and configuring the environment. If a model starts managing such loops on its own, the degree of human involvement will drop sharply. Do neural networks need creativity In Clark’s view, one key question is what AI development most resembles: the discovery of general relativity or assembling Lego. He acknowledged that today’s LLMs are not yet able to generate fundamentally new scientific ideas. But that may not be necessary to automate a large share of AI R&D. "For the most part AI moves forward through people methodically running a certain cycle: take a well-performing system, scale some aspect of it, look at the errors when scaling and fix them. This requires very few out-of-the-box ideas, and most of this process looks like unglamorous rough engineering work," the expert noted. Early signs of scientific contribution Clark believes AI models are beginning to show early signs of scientific intuition. He cited several examples from mathematics and computer science: a team of mathematicians, using Gemini, checked around 700 Erdős problems and obtained 13 solutions, one of which researchers called a "slightly nontrivial" contribution to an open problem; scholars from the University of British Columbia, the University of New South Wales, Stanford and Google DeepMind published a mathematical proof found with substantial help from Gemini-based tools. What if the forecast is right Clark noted that the largest AI labs are already moving towards automating research. OpenAI intends to build an AI intern for independent scientific work, and Anthropic is publishing work on automatic alignment to human values. If the current pace holds, the industry will shift into a phase of fully automated AI development, he forecast — triggering a cycle in which each new generation of AI accelerates the arrival of the next. If the transition happens by the end of 2028, the world will face not only a technological leap, he said. Fundamental questions of safety, capital distribution, the role of human labour and control over systems that start developing faster than their creators will also come to the fore. "If you forced me to name a probability for 2027, I would say 30%. If we do not see this by the end of 2028, then I think we will have found some deficiency in the current technological paradigm, and human invention will be required to move forward," Clark concluded. In January, Anthropic CEO Dario Amodei predicted the imminent arrival of AGI and job losses.