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UNBELIEVABLE: 5 | History Defined

Read LinkedIn CEO's Internal Memo Announcing Layoffs as Reports Say 5% of 17,500 Workforce Faces Cuts

LinkedIn is cutting 5% of its workforce, affecting 875 employees globally, as part of a restructuring effort to focus on high-priority infrastructure and cost-saving measures.

International Business Times UK

Who Is Brock Pierce, the Crypto Millionaire Tied to Epstein and a Golden Trump Statue in Florida?

A golden statue of President Donald Trump unveiled at his Doral golf resort in Florida is drawing new scrutiny after cryptocurrency entrepreneur Brock Pierce, a documented associate of Jeffrey Epstein, appeared as a central figure at the ribbon-cutting ceremony.

Latin Times

As Coinbase Lays Off 14% of Its Staff, Here's How to Play COIN Stock Now

Coinbase is cutting 14% of its workforce. Here's what the Q1 earnings show, what's driving the decision, and how investors should think about COIN stock now.

Barchart

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Crypto, Fintech Layoffs Accelerate As Firms Reshape Workforces Amid AI Adoption And Market Slowdown

Companies in digital assets and payments are reducing headcount while shifting toward automation and cost efficiency in response to ongoing market and technology changes.

International Business Times

Silicon Valley’s ‘player‑coach’ fantasy misses the point of good managers

Also: All the news and watercooler chat from Fortune.

Fortune

Freshworks and Coinbase announce more than 1 in 10 jobs to go as companies replace workforce with AI technologies — tech company layoffs near 100K in 2026 alone

Freshworks and Coinbase are joining the list of companies laying off employees due to AI in 2026

TechRadar

Coinbase Layoff Email Stuns Staff — CEO Says 'AI Can Do Weeks Of Work In Days' As 14% Jobs Cut

Coinbase CEO Brian Armstrong announces a 14% workforce reduction, citing AI's transformative impact on operations and the need for a leaner company structure.

International Business Times UK

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Coinbase's Brian Armstrong replacing 'pure managers' with 'player-coaches' is another sign the org chart is changing in a big way

A landmark KPMG index finds boards demanding transformation, execs spending billions on tech, and the people caught in the middle burning out.

Fortune

Coinbase To Cut 14% Of Workforce As AI Push And Crypto Slump Reshape Operations

Coinbase said Tuesday it will cut about 14% of its global workforce, or roughly 700 jobs.

International Business Times

Coinbase didn't just lay off 14% of its staff due to AI. It replaced managers with ‘player-coaches’ and turned its org chart upside down

“We are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate,” CEO Brian Armstrong said.

Fortune

Coinbase Layoffs Have Crypto Bros Down Bad as AI Takes Their Jobs. Don’t Be Surprised If They Get Rehired Soonish.

Coinbase is blaming AI for 14% layoffs, but experts are skeptical this excuse will hold.

Barchart

Crypto CLARITY Act Heads Toward Senate Test After Stablecoin Compromise Breaks Deadlock

The U.S. Senate is moving closer to its next decision point on the Digital Asset Market Clarity Act, a sweeping crypto market structure bill.

International Business Times

Bitcoin breaks $80k as long-awaited CLARITY Act approaches finish line

‘We’re in the red zone,” Senate Banking Committee chairman Tim Scott said

Fortune

Option Volatility And Earnings Report For May 4 - 8

We have Palantir, Advanced Micro Devices, Coinbase, Coreweave, Arista Networks, Arm Holdings, Shopify and Uber Technologies all reporting in what shapes as a busy and pivotal week for stocks.

Barchart

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Barchart

Should You Buy the Dip in Coinbase Stock Today?

Coinbase stock sank yesterday as Robinhood reports weakness in Q1 crypto transaction revenue. But there’s reason to consider loading up on COIN shares on the recent pullback.

The Independent UK

New York sues Coinbase and Gemini, seeking to halt unlicensed prediction market businesses

New York is suing Coinbase and Gemini over unregulated and unlicensed prediction market platforms that the state contends are illegal gambling operations

Barchart

As Charles Schwab Unveils a New Crypto Trading Program, Is SCHW Stock a Buy, Sell, or Hold?

Charles Schwab's launch of Schwab Crypto gives its 39 million accounts a seamless way to trade BTC and ETH at competitive pricing, arriving just as Interactive Brokers and Coinbase converge on each other's turfs.

Fortune

The crypto industry and prediction markets share a mission of disruption—but it’s not clear where crypto fits in

Big crypto players Coinbase and Robinhood view platforms like Polymarket and Kalshi as allies and rivals.

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MarketBeat

Islamabad Aftershocks: Why Bitcoin Didn’t Flinch

Strategy Inc and Coinbase Global demonstrate strong market momentum as investors increasingly view digital assets as a resilient hedge amid global events.

Reason

Keonne Rodriguez on Bitcoin, Privacy, and Going to Prison

"We thought we were on the right side of the law," the Samourai Wallet co-founder tells Reason.

Fortune

Morgan Stanley’s Bitcoin ETF began trading. An analyst put it in the top 1% of ETF launches

The new fund marks a “second wave of digital asset adoption,” said a Coinbase executive.

Fortune

Jamie Dimon warns of growing crypto competition in annual JPMorgan shareholder letter: ‘We need to roll out our own blockchain technology’

The CEO’s latest remarks reflect his evolving attitude towards crypto, and coincide with a unit of JPMorgan embracing Solana

Fortune

Former Stripe and Coinbase employees raise $8 million for Latitude, a startup whose core product is stablecoin-based ‘Global Payouts’

The company aims to be a more efficient money movement rail for businesses of all sizes.

Fortune

The API economy may soon grow by tens of millions of customers—here’s why

Agentic commerce, or AI agents using blockchain-based micropayments, is quickly becoming a reality.

International Business Times UK

US Homebuyers Can Now Pledge Crypto Assets for a Fannie Mae-Backed Mortgage

Fannie Mae has approved the first crypto-backed mortgage in partnership with Better and Coinbase. Discover how the 530A-compatible infrastructure allows homebuyers to pledge Bitcoin or USDC as collateral for a down payment. Learn the risks and rewards of the new 2026 digital asset mortgage.

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