Coinbase Cuts 14% of Staff Amid Crypto ‘Down Market,’ AI Adoption: CEO

In brief Coinbase is cutting roughly 14% of its workforce, CEO Brian Armstrong announced Tuesday, citing crypto “down market” and AI-driven productivity shifts. Armstrong said the exchange is rebuilding as an “intelligence, with humans around the edge,” flattening its org structure to five layers maximum below CEO/COO. Affected U.S. employees will receive a minimum of…

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Iran accuses US of ceasefire violation

Iran is accusing the U.S. of violating the fragile ceasefire agreement between the two countries after President Trump directed the U.S. Navy to ensure the safe passage of commercial ships through the Strait of Hormuz.   “The new equation of the Strait of Hormuz is in the process of being solidified,” Iran’s Parliament Speaker Mohammad Bagher……

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