Coinbase Slashes 14% Workforce Amid AI Shift and Crypto Market Volatility
Coinbase will lay off 700 employees, or 14% of its workforce, as part of a $50M–$60M restructuring plan announced on May 5. CEO Brian Armstrong cites...
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Coinbase to Cut Nearly 700 Jobs in AI-Focused Restructuring Amid Crypto Market Downturn
Coinbase CEO Brian Armstrong attributes the layoffs of nearly 700 employees to a prolonged downturn in cryptocurrency markets. The restructuring aims...
AI Threat to Crypto Security: Mythos Model Sparks Concerns, But Bitcoin Investors Remain Unfazed
Anthropic's new Claude Mythos AI model can autonomously exploit security vulnerabilities, posing a significant threat to crypto markets. Yet instituti...
AI Stock Concentration in S&P 500 Matches Dot-Com Bubble Peak: What It Means for Bitcoin Miners
The top 10 AI stocks now account for 41% of the S&P 500, matching the concentration seen during the dot-com bubble. This historic level of market domi...