Update May 5, 2026, 1:30 pm UTC: This article has been updated to add information from an SEC filing. Coinbase will cut about 14% of its workforce, or roughly 700 jobs, as CEO Brian Armstrong moves to make the crypto exchange leaner and more focused on artificial intelligence. Armstrong said in an email to employees…
Binance will change how it calculates benchmark prices for commodity-based perpetual futures during off-hours, a move that could affect margin and liquidation levels during weekends, holidays and maintenance periods, according to an exchange notice published Tuesday. The update will take effect on Friday at 9:00 pm UTC. The exchange will replace its current fixed pricing…
Space and Time (SXT), a level-1 data blockchain that secures onchain finance projects, has launched a virtual vault platform that it says is purpose-built for institutional lending. The Microsoft-backed blockchain said on Tuesday that its new virtual vaults can be configured by institutional lenders and borrowers to their specific agreement, with cryptographically verified, continuously updated…
In brief Andreessen Horowitz raised $2.2 billion for Crypto Fund 5, bringing its total crypto investment vehicles to $9.8 billion. The fund is smaller than a16z’s record $4.5 billion fourth fund raised in 2022 but matches its 2021 fund size. The firm has backed numerous crypto giants, including Coinbase, Solana, and Kalshi. Andreessen Horowitz said…
Dutch users can still access crypto prediction markets despite a previous ban on market leader Polymarket. Polymarket was banned by the Dutch Gaming Authority (Ksa) in February for operating without a gambling license. However, US-based Kalshi, crypto exchange Hyperliquid and investment giant Interactive Brokers are still offering prediction markets to Dutch users, according to an…
Bullish agreed to acquire transfer agent Equiniti from Siris Capital in a $4.2 billion transaction, giving the crypto exchange a major shareholder recordkeeping business as it pushes deeper into tokenized securities. As part of the deal, Bullish will assume $1.85 billion in debt from Equiniti, according to a Tuesday announcement. The transaction is expected to…
European financial institutions should assess whether the Single Euro Payments Area (SEPA) can be extended into tokenized payments, Bank of Italy Deputy Governor Chiara Scotti said, as policymakers look for ways to keep euro-denominated settlement central to digital finance. Scotti called a tokenized extension of SEPA an “important area for reflection” during a Monday speech…
In brief Bitcoin’s 30-day average funding rate has been negative for 66 days—the longest streak this decade—as shorts pay an annualized carry of around 12%. Open interest rose 12% while funding stayed negative, consistent with institutional hedging rather than fear-driven directional shorts. Historical data show buying Bitcoin during negative funding regimes delivers an 83–96% win…
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…
Bitcoin (BTC) rose as much as 2% over the past 24 hours to an intraday high of $81,300 on Tuesday. This brings the weekly and 30-day gains to 5% and 21%, respectively. This rally was accompanied by buying from long-term holders, who have added more than 330,000 BTC over the past month, according to data…