How AI became crypto's favorite reason to cut staff
Coinbase, Block and Crypto.com have all cited AI to justify recent cuts, though Scale AI’s Jason Droege suspects companies are using the technology as cover. Source: Cointelegraph
Category Crypto
Stablecoins won’t strengthen global role of euro, ECB’s Lagarde says
ECB President Christine Lagarde said Europe should build tokenized settlement infrastructure anchored by central bank money rather than rely on private stablecoins. Source: Cointelegraph
Revolut users report Bitcoin price glitch showing BTC at 2 cents
The apparent pricing error was not reflected across broader crypto markets, suggesting a platform-specific data or display issue. Source: Cointelegraph
Four signs that show Ethereum's rally is exhausted at $2.4K
Several Ethereum metrics suggest the ETH price could see further downside due to reduced demand and weakening network fundamentals. Source: Cointelegraph
Aptos Foundation, Aptos Labs commit $50M to development as it eyes AI agent future
The Aptos Foundation said building infrastructure that enables sub-second finality without the need for human intervention is a key to supporting the next wave of AI agent adoption. Source: Cointelegraph
AWS Northern Virginia data center overheats, impacting Coinbase
Coinbase said on Friday its markets are being placed in “cancel only” mode but will begin to re-enable trading “shortly.” Source: Cointelegraph
Chaos Labs says oracles secure after attempted ‘nation-state’ wallet attack
Chaos Labs said on Thursday it has rotated all keys since the attempted attack over the weekend and hasn’t detected any suspicious activity since. Source: Cointelegraph
Coinbase shares slide on $400M Q1 loss, revenue miss
Coinbase financial chief Alesia Haas said “macro conditions were genuinely tough,” while CEO Brian Armstrong highlighted a plan to diversify beyond spot trading. Source: Cointelegraph
Bitcoin market dominance moves above 61%: Will altcoins follow?
Bitcoin’s market dominance climbed above 61% as BTC led crypto market flows. Data also showed Binance-listed altcoins’ share of volume hitting 49% in March. Source: Cointelegraph
US Senator says crypto market structure vote could happen by August
Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act. Source: Cointelegraph