Coinbase Hit by Outage as AWS Issues Disrupt Trading

Coinbase revealed that some users are facing “degraded performance” on Thursday. The disruption follows an Amazon Web Services (AWS) data center in Northern Virginia overheating. Follow us on X to get the latest news as it happens There has not been a BTC trade on @Coinbase in more than an hour The last 1 minute … Read more

CLARITY Act Markup Looms as 52% of Voters Back Crypto Legislation

The Senate Banking Committee is reportedly preparing to formally schedule a markup session for the Clarity Act, according to Crypto In America host Eleanor Terrett. The journalist reported the development on X, citing multiple industry sources familiar with the matter. Senate Banking Committee Eyes Clarity Act Markup Terrett revealed that the draft legislative text was … Read more

Layoffs Accelerate in May 2026 as Firms Restructure Around AI

More layoffs swept across industries in early May 2026 as a fresh wave of firms announced job cuts. Many of the cuts share a common driver. Companies are rebuilding around artificial intelligence (AI). Cloudflare Announces Layoffs in May 2026 Cloudflare announced Thursday it would cut more than 1,100 jobs globally, about 20% of its 5,156-person … Read more

The Trade Desk Stock Collapses 40% YTD, Wall Street Loses Faith

The Trade Desk’s stock collapsed again today after investors reacted badly to its latest earnings report and weak revenue guidance. The adtech company reported first-quarter revenue of $689 million, up 12% year over year. That still showed growth, but it was not enough for a company once valued like one of the strongest winners in … Read more

Bitcoin Cycle Breaks Pattern as On-Chain Metrics Hit 4-Year Low

Bitcoin’s on-chain metrics have hit deep-value readings normally seen at cycle bottoms, even though price has only retraced about 40% from its all-time high. That drawdown sits far below the 75% to 85% declines that defined prior bear cycles. Six widely tracked indicators now point in the same direction. They describe a market that reset … Read more

Coinbase Q1 2026 Revenue Falls 31% to $1.41 Billion in Major Wall Street Miss

Coinbase (COIN) posted first-quarter 2026 revenue of $1.41 billion, missing Wall Street estimates as crypto trading volumes contracted. Revenue fell 31% year-over-year, and the exchange recorded a $394.1 million net loss, or $1.49 per share. Transaction revenue of $755.8 million and subscription and services revenue of $583.5 million both came in below sell-side projections. Total … Read more

US Military Reportedly Attacks an Iranian Oil Tanker in the Strait of Hormuz

Oil prices tumbled Thursday after reports emerged that US forces fired on an Iranian oil tanker near the Strait of Hormuz, escalating fears of a wider Middle East conflict while triggering sharp volatility across crypto markets. Iranian state media claimed the US military attacked an Iranian-flagged tanker and that Iranian forces retaliated by launching missiles … Read more

XRP Could Create New Rich People, But Not in the Way Many Would Like

As of May 2026, XRP is trading near $1.41, fueling new expectations of quick profits among small investors interested in cryptocurrencies and global institutional adoption. Current calculations, however, point to more moderate scenarios, even though there are still catalysts capable of sustaining meaningful growth throughout the year. XRP Price Over the Past Year. Source: How … Read more

Treasury Sanctions Iraqi Oil Official as DOJ Probes $2.6 Billion Iran Trade Mystery

The U.S. ramped up Iran oil sanctions on two fronts Thursday. Treasury blacklisted Iraq’s Deputy Oil Minister and three Iran-backed militia leaders, while ABC News reported DOJ and CFTC probes into roughly $2.6 billion in suspiciously timed oil trades. Both threads belong to Operation Economic Fury, the campaign squeezing Tehran’s revenue. OFAC’s targets allegedly funneled … Read more

OpenAI’s $18 Billion Chip Financing Trouble Rattles AI Boom Narrative

OpenAI cannot close roughly $18 billion in financing tied to its Broadcom (AVGO) custom-chip partnership, The Information reported Thursday. The shortfall is the latest sign that AI infrastructure deals are outrunning the capital available to fund them. The reported gap covers an early tranche of a multi-year accelerator rollout worth 10 gigawatts of OpenAI-designed chips. … Read more