Joseph Rees

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’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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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 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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