Crypto Industry News & Market Trends

Coinbase layoffs touch 14% as AI hits crypto firms hard - Details

He noted how engineers are delivering projects in days that previously took weeks; non-technical staff are also contributing to production-level code. Moreover, hiring will now focus on smaller, “AI-native” teams. This could mean just one individual handling multiple roles.　　In his company-wide letter, Armstrong assured that,　　The Coinbase that emerges from this will be more capable than ever to achieve our mission.　　In response to the news, Base creator Jesse Pollak also posted on X, stating,　　today we said goodbye to some talented people who helped build base. deeply grateful for everyones contributions　　Industry-wide AI-led job cuts rise　　Across tech and crypto, companies are reallocating capital toward automation.　　Notably, reduced its employee base by around 8,000 employees last month (roughly 10%). followed with buyouts impacting about 7% of its employees in the same period.　　Crypto firms are moving in the same direction as well. cut 15% of staff while making the move towards AI data centers. In February, Block Inc. laid off over 4,000 roles under Jack Dorsey, and in March, the Algorand Foundation reduced its workforce by 25%.　　Coinbase‘s affected employees will lose system access immediately, while U.S.-based staff are being offered at least 16 weeks’ pay, plus two additional weeks per year of service, equity vesting, and

05-06Industry

The US 30-Year Treasury Yield Nears Two-Decade Level

Notably, rising Treasury yields carry crucial implications, including an imminent interest rate increase and a ripple effect that could trigger extreme market conditions. Therefore, analysts are beginning to air their views, some predicting the potential outcome of the current situation facing the US economy.　　Market data show that the yield briefly crossed 5.0% on Monday, reaching 5.03%, a level that acted as significant resistance for markets over the past two years. Meanwhile, it is crucial to note that a 5% yield makes government bonds attractive and leads investors to pull capital away from equities, while simultaneously raising borrowing costs for mortgages, corporate loans, and US government debt.　　A Fed Interest Rate Hike is Highly Probable　　Creative Planning‘s Chief Market Strategist, Charlie Bilello, highlighted the bond market’s latest trend, revealing that it is now pricing in a higher probability of a Fed rate hike of 37% by the end of the year, against a 3% chance of the Fed cutting interest rates. Most observers agree that the development in the bond market represents a fallout from the surging Treasury yield.　　It is worth noting that the 5% yield was tested twice recently—in late 2023 and early 2025. However, the resistance looks more likely to give

05-06Industry

South Koreas Crypto Exchanges Resist Tightened AML Rules

South Koreas cryptocurrency industry is pushing back against proposed Anti-Money Laundering (AML) rules that could significantly increase compliance burdens for virtual asset service providers (VASPs). The Financial Services Commission (FSC) and Financial Intelligence Unit (FIU) introduced the amendments on March 30, with a public comment period open until May 11. Finalization is expected in July following regulatory review.　　The proposed rule would require VASPs to report all international crypto transactions worth over 10 million Korean won (around $6,800) as potentially suspicious, regardless of additional risk factors. According to the Digital Asset eXchange Alliance (DAXA), a trade group representing 27 VASPs, including major exchanges like Upbit, Bithumb, and Coinone, this could result in an 85-fold increase in reporting volumes for South Koreas five largest platforms—from 63,000 reports in 2025 to over 5.4 million annually.　　“This scale of reporting makes compliance practically unmanageable,” DAXA noted in its formal comments submitted on the proposed changes. The group also raised concerns about requirements to verify customer information, arguing the demands go beyond the scope of the underlying Financial Information Act.　　The tension underscores broader friction between South Koreas efforts to tighten AML oversight amid global scrutiny and an industry struggling to adapt to rapidly expanding regulatory demands.

05-06Industry

UmexGain Increases Support Team to Improve Service Quality

UmexGain has made an important decision to increase the number of specialists on its support team to make its services even more useful and accessible to clients. The companys new professionals bring years of experience and deep knowledge of financial markets, significantly strengthening the quality of interaction with users.　　By expanding the team, the broker strengthens clients‘ ability to master the platform, select instruments, and develop their own strategies. The company’s specialists pay attention to each clients individual preferences and offer recommendations that help them confidently move toward their goals.　　UmexGain experts possess a wide range of skills, making them a valuable resource for those seeking to develop informed decisions. They help users quickly navigate the platforms functionality, suggest optimal ways to work with instruments, and share practical advice. This approach allows clients to save time and get the most out of their experience. The expanded company support team has become an important step in creating a comfortable environment for all categories of users.　　Individual Choice　　UmexGain strives to continually increase client capabilities by offering flexible solutions and a wide range of tools. The company places special emphasis on a personalised approach, creating an atmosphere where each user can find the most convenient format

05-06Industry

Bitcoin Punishes Bears with $7.88B Short Liquidations Since February

Bitcoins ($BTC) bull rally is continuously punishing the short sellers. In this respect, the bears have faced a total liquidation of up to $7.88B since February. As per the data from CryptoQuant, this highlights the risks of recurrent shorting around the $80K mark. Thus, the traders placing bets against the strength of $BTC are witnessing consistent liquidations.　　$737M in one day.　　$608M a month later.　　$175M yesterday – with no major catalyst.　　Since February, bears have lost $7.88B in forced liquidations.　　They keep shorting near $80K.　　The market keeps liquidating them.　　This is a pattern.　　Bitcoin Short Sellers Incur $7.88B in Liquidations as Bull Rally Strengthens　　The on-chain statistics indicate Bitcoin ($BTC) short sellers have incurred a staggering $7.88B liquidation since February amid the strong upward momentum. In this respect, the aggressive bullish outlook is increasing the vulnerability of the highly leveraged $BTC shorts across the crypto sector. Specifically, the “Bitcoin Trend Pulse” indicator clearly shows that Bitcoin ($BTC) stands firm in the bull mode while hovering around the upper 1.0 range.　　Historically, analogous conditions have led to prolonged rallies, as the surges during 2023 and 2021 revealed. Additionally, the bearish phases were comparatively short-lived in comparison with the extended bull cycles. This suggests that the present shot liquidations reflect

05-06Industry

Ripple Shares DPRK Threat Intel With Crypto ISAC

Ripple shares DPRK threat intel with Crypto ISAC to help firms detect fake insiders early.Crypto ISAC says the data includes wallets, domains, identity signals, and compromise indicators.Crypto ISAC API unifies Web2/Web3 threats; Ripple, Coinbase among early adopters.　　Ripple has begun sharing exclusive threat intelligence tied to North Korea-linked activity with Crypto ISAC, marking a wider industry push against infiltration schemes targeting crypto firms.　　The effort focuses on identifying suspicious actors before they secure trusted access to internal systems. The company said attackers rejected by one firm can approach several others within days.　　Threat Data Targets Fake Access Routes　　Crypto ISAC said the shared data was developed through AI-enhanced detection workflows and includes fraud-linked domains, suspicious wallets, and indicators of compromise. The intelligence also includes identity signals tied to applicants, contractors, vendors, and third-party partners.　　That focus reflects a shift in attack methods across the sector. Crypto ISAC said the Drift hack did not begin with a smart contract exploit or zero-day vulnerability. Instead, malicious actors built trust with contributors over several months, compromised devices through malware, and used that access to reach multisig wallets.　　The new data will move through Crypto ISACs updated API, which is designed to normalize Web2 and Web3 threat indicators. Ripple, Coinbase,

05-06Industry

Canada: Trade outlook stabilizes with energy boost – RBC

Royal Bank of Canada (RBC) economist Nathan Janzen notes that higher Oil and Gold exports pushed Canadas trade balance back into surplus in March, even as non-energy exports remain under pressure from U.S. tariffs. He highlights weak volumes in tariffed steel and lumber, but improving motor vehicle exports and strong equipment imports that signal firmer domestic demand and business investment.　　Energy-led surplus offsets tariff headwinds　　“The surge in oil prices and another jump in gold exports were the main factors pushing Canadas trade balance back into surplus in March.”　　“Beyond those products, the data was mixed but broadly consistent with an external demand backdrop still under pressure from U.S. tariffs, but also still showing signs of stabilization.”　　“Excluding price impacts exports still declined by an annualized 2.4% in Q1 as a whole — exports of (heavily tariffed) steel and lumber products were still running 50% and 22%, respectively, below year ago levels.”　　“A surge in Q1 imports leaves net trade tracking a large 4 ppts from Q1 GDP growth, but also is consistent with offset from relatively resilient domestic demand, including a 17% (annualized rate) increase in industrial equipment and imports — a positive sign for Canadian business investment.”　　“Significant trade uncertainty remains with negotiations on

05-06Industry

Silver price slips as fragile momentum, hawkish Fed outlook weigh

Silver (XAG/USD) trades lower on Tuesday, hovering around $73.05 at the time of writing, down 0.65% on the day, as the white metal struggles to gain traction despite a modest pullback in the US Dollar (USD). The softer Greenback offers limited support, with investors remaining focused on the outlook for interest rates and global growth.　　Geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, continue to fuel concerns over energy supply disruptions. Elevated Oil prices are reinforcing inflation fears, which in turn support expectations that central banks will maintain restrictive monetary policies for longer. This environment reduces the appeal of non-yielding assets such as Silver, even as the US Dollar shows signs of weakening.　　The Federal Reserve (Fed) is expected to remain cautious, with markets still pricing in a risk of further tightening or, at the very least, delayed rate cuts. While a softer US Dollar typically supports precious metals, the impact is currently offset by elevated US Treasury yields and persistent inflation concerns.　　Analysts at OCBC Bank emphasize Silver‘s relatively fragile setup compared to Gold (XAU/USD). The bank notes that “momentum remains soft following a failed breakout, and rallies are likely to be sold unless the US Dollar, Treasury

05-06Industry

State Street and Galaxy (GLXY) launch tokenized fund to bring cash management onchain

State Street Investment Management and Galaxy Asset Management (GLXY) have launched a tokenized fund designed to move a core piece of finance — cash management — onto blockchain networks, the firms said Tuesday.　　The State Street Galaxy Onchain Liquidity Sweep Fund, trading under the ticker SWEEP, allows large investors to park stablecoins into a fund that generates yield, while keeping the ability to move in and out at any time. Unlike traditional money market funds that operate during market hours, the new structure runs continuously on blockchain infrastructure.　　The market for tokenized funds has grown quickly over the past year, led by products like BlackRocks BUIDL, which packages short-term U.S. Treasury exposure into a blockchain-based token. BUIDL has attracted billions of dollars, signaling that institutions are willing to hold tokenized versions of familiar instruments when the structure meets compliance and liquidity needs.　　Other firms, including Franklin Templeton and now State Street with SWEEP, are building similar products, each experimenting with different blockchains and investor access models.　　SWEEP launches on the Solana (SOL) blockchain, with plans to expand to Ethereum (ETH) and Stellar (XLM). Galaxy provides the underlying tokenization system, while Anchorage handles custody of digital assets and State Street oversees traditional securities held in

05-06Industry

Iggy Azalea Faces Lawsuit Over Solana Meme Coin

The lawsuit claims Iggy Azaleas meme coin, MOTHER, was marketed with misleading promises.Investors point to failed integrations, including casino and telecom use.The Solana-based token has fallen more than 99% from its peak.　　Rapper Iggy Azalea is facing a class action lawsuit in federal court in New York over allegations that she misled investors about the utility and development of her Solana-based meme coin, which trades as MOTHER.　　The complaint, filed Tuesday in the U.S. District Court for the Southern District of New York, accuses Azalea of promoting the token as having real-world use cases and commercial integrations that did not materialize, leading to investor losses.　　“This case is not about ordinary volatility in a cryptocurrency or the inherent risk that a speculative digital asset may decline in value,” the plaintiffs attorneys said. “It is about a celebrity-led promotional campaign that induced consumers to purchase and hold a digital token through specific, material representations about real-world utility, commercial integrations, institutional market maker support, and continuing development.”　　The plaintiff, Wisconsin resident Kenneth Kolbrak, is seeking damages on behalf of investors who purchased Azaleas meme coin and lost money. He claims he bought the token after seeing statements about its utility and would not have done so,

05-06Industry

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