Coinbase Re-enables Trading after 4-hour Downtime Due to AWS

Coinbase, the famous crypto exchange, recently witnessed a significant disruption, leading to a “Cancel Only” market mode. Soon after detecting a severe downtime regarding the Amazon Web Services (AWS) US-EAST-1 zone, Coinbase enabled the “Cancel Only” mode. As per Coinbases official social media announcement, all of the present resting orders were made cancelable throughout the incident. Additionally, both limit and market orders were provisionally disabled by the crypto exchange. However, as per the latest update, all services have resumed again now after almost 4 hours.  All markets have been re-enabled for trading on Coinbase Exchange. https://t.co/WQtg90bNqC  — Coinbase Support (@CoinbaseSupport) May 8, 2026  AWS Outage Pushes Coinbase to Trigger ‘Cancel Only’ Mode  The incident of the Amazon Web Services (AWS) disruption has pushed Coinbase to enable the “Cancel Only” mode. Specifically, the US-EAST-1 region of AWS got impacted by the incident. So, Coinbase halted its usual trading activities as a preemptive measure. Additionally, the Coinbase Support team later disclosed its continuous work on a gradual reopening of trading services in the near term.  Because of the service outage, Coinbase consumers have suffered the inability to transfer capital on the platform. Additionally, some other users faced notably slow services following the overheating issues dealing with the

05-08

Zcash 2027: Analyzing Quantum Roadmap Aiming to Turn ZEC Into Privacy-First Mastercard

Electric Coin Company CEO Zooko Wilcox, the key figure in the company responsible for the development of Zcash (ZEC), officially announced a development roadmap through 2027 that could become a turning point not only for ZEC, but for cryptography as a whole.  While competitors, including those from the Bitcoin camp, are still only discussing the risks associated with the emergence of powerful quantum computers, the ECC team is already planning to launch Quantum-Recoverable Wallets within the next 30 days.  You Might Also Like  Major Outage Halts Trading on Coinbase  Toncoin (TON) Price Rally Might End at $3, Ethereum (ETH) Becomes Falling Star, Bitcoin (BTC) First $82,000 Attempt in 380 Days: Crypto Market Review  The solution is intermediate, but critically important, according to Wilcox. The new wallets will allow users to protect their assets before post-quantum algorithms are implemented at the protocol level.  This is necessary so that, in the event of a sudden “quantum leap”, when breaking existing signature algorithms such as ECDSA becomes possible, holders of such wallets will be able to safely migrate their funds into a new protected environment.  How Zcash aims to dethrone Visa and Mastercard as private global settlement layer  An even more ambitious goal for Zcash is to become fully post-quantum secure

05-08

HarrisX Poll Found 52% of Registered Voters Support the CLARITY Act

The crypto industry has been waiting for the CLARITY Act to move through the US legislative process. It is expected to provide long-awaited regulatory clarity for crypto and could help the country become a major hub for crypto and digital finance.  The HarrisX poll also highlighted strong bipartisan support for the bill, with 55% of Democrats, 58% of Republicans and 42% of independents supporting it. Public support for the bill could also give senators a 20-point electoral advantage, it said  Some predict the CLARITY Act will receive additional markups as soon as next week.  Speaking at the Consensus 2026 crypto industry conference in Miami on Wednesday, Coinbases vice president of US policy, Kara Calvert, said her “prediction is that we have a markup next week” from the Senate Banking Committee.  Calvert stressed that bipartisan support will get the bill across the line, saying it needs at least 60 votes to pass the Senate, but she is unsure how things will unfold in the coming days.  “That means you need Democrats. You need a bipartisan bill, and we have all been working really hard to make sure that bipartisanship holds. I think the big question is, how do these votes shape up over the next few

05-08

Solana Price Prediction: SOL Eyes $100 as Shorts Build

Solana is holding near a key breakout zone as perps data shows more than $50 million in possible short liquidation pressure above the current range. At the same time, SOLs chart structure points to $95 to $96 as the next major resistance area if support holds.  Solana Price Hits $90 as SOL Shorts Face $50M Liquidation Risk  Solana traded around $90 on Birdeye perps data, while cohort analytics shared by inno on X showed a split between trader groups.  The dashboard showed SOL open interest at $349.2 million, up $5.32 million over 24 hours. That increase suggests more traders added leveraged positions as Solana moved near the $90 level.  Solana Perps Data. Source:  Inno said master and expert traders were bearish on SOL, while intermediate and advanced traders were bullish. The seven-day bias trend also showed different trader groups moving in opposite directions.  The Birdeye liquidation map showed a larger liquidation cluster above the current price zone. According to inno, a 5% move higher could trigger more than $50 million in short liquidations.  That matters because short liquidations can create forced buying. When price moves against short sellers, exchanges close those positions by buying back the asset, which can push price higher.  The chart shows the liquidation curve

05-08

April Jobs Report Surprises: 115,000 Positions Added Despite Economic Headwinds

April employment figures reached 115,000 new positions, significantly exceeding the 65,000 consensus estimateThe unemployment rate remained unchanged at 4.3%Healthcare sector dominated with approximately 54,000 new positions; transportation sector contributed over 30,000 jobsAnnual wage growth of 3.6% falls short of inflation running near 4%Federal Reserve focuses on energy-driven inflation rather than labor market pressures  According to Friday‘s release from the Bureau of Labor Statistics, the United States economy generated 115,000 new jobs during April. This figure substantially exceeded Bloomberg’s consensus economist estimate of 65,000 positions.  BREAKING: The US economy adds 115,000 jobs in April, crushing expectations of 65,000.  The unemployment rate was 4.3%, in-line with expectations of 4.3%.  The US economy has now added +300,000 jobs in 2 months.  The jobless rate held steady at 4.3%. Equity index futures extended their advances following the data release.  Revisions showed March payrolls climbing to 185,000 from the initially reported 178,000. Februarys figures were adjusted downward to reflect a loss of 156,000 jobs, representing a 23,000-position revision.  “This represents a remarkably robust figure, and it becomes difficult to dispute that the employment landscape currently stands on firm ground,” stated Michael Reid from RBC Economics.  The healthcare and social assistance industry spearheaded April‘s expansion, contributing nearly 54,000 positions. This surpasses the sector’s trailing

05-08

Coinbase Points to Multi-Zone AWS Failures Behind Outage

Tech  Coinbase Points to Multi-Zone AWS Failures Behind Outage  exchange Coinbase (Nasdaq: COIN) disclosed through Coinbase Support that a May 7 outage disrupted core trading services after failures spread through Amazon Web Services (AWS) infrastructure. Around 8 p.m. ET, Coinbase systems flagged high error rates across multiple services before tracing the disruption to failures tied to an AWS availability zone in the US-EAST-1 Region.  The firm noted its systems were designed to withstand a single-zone outage and recover quickly, but the disruption expanded beyond the exchanges expected single-zone recovery conditions. Users experienced trading interruptions while AWS teams worked to restore temperature controls and related Amazon Managed Services. Coinbase Support stated in a May 8 post on X:  “We observed failures impacting multiple AWS zones, which caused an extended outage of core trading services.”  The outage followed the exchanges May 7 first-quarter earnings release, which highlighted record market share, $202 billion in quarterly trading volume, and annualized retail derivatives revenue above $200 million. The Nasdaq-listed crypto firm also reported $294 billion in assets held on the platform during the quarter.  Earlier updates from Coinbase linked the disruption to increased temperatures in the affected Availability Zone, use1-az4. The company said trading would be re-enabled gradually by first placing

05-08

AI Won’t End Human Work, Andreessen Horowitz Partner Says

In briefAndreessen Horowitz partner David George argues fears of AI-driven mass unemployment are historically unfounded.George says AI will reorganize labor markets and create new industries rather than permanently eliminate human work.Economists and developers remain divided over how disruptive AI could become for white-collar jobs.  As fears grow that artificial intelligence could wipe out white-collar jobs, Andreessen Horowitz general partner David George argues the technology could instead fuel a new wave of economic growth, higher productivity, and new industries.  In a blog post published on Wednesday, George argued that fears of an AI “job apocalypse” rely on what economists call the “lump-of-labor” fallacy, the idea that there is a fixed amount of work available in the economy.  “The problem with that premise is that it defies everything we know about people, markets, and economics. Human wants and needs are anything but fixed,” George wrote. “Keynes famously predicted almost a century ago that automation would lead to a 15-hour work-week, but of course Keynes was wrong. He was right that automation created a ‘labor surplus,’ but rather than just sit back and enjoy the ride, we found new and different productive endeavors to fill our time.”  CEOs, including SpaceXs Elon Musk, and Anthropic CEO Dario Amodei,

05-08

Jack Dorseys Block pushes Bitcoin reserves above 9,000 BTC, stock surges 10%

The disclosure came in the companys quarterly filing with the US SEC, which also revealed a net loss of nearly $308.7 million for the first quarter of 2026, a sharp reversal from the $189.9 million profit it earned in the same period a year earlier.  The company, listed on the New York Stock Exchange under the ticker XYZ, added 149 Bitcoin during the first three months of 2026 at a cost basis of $12.6 million. Block carried out its entire Bitcoin investment at a cost basis of about $305 million, though its fair value stood at $617.3 million as of March 31, 2026. That figure was down from $777.5 million at the end of December 2025.  Blocks total Bitcoin investment represented roughly 1.5% of its $40 billion in total assets as of quarter-end.  The quarterly loss was driven by approximately $495 million in restructuring charges tied to a workforce reduction of more than 40% announced in February 2026.  Block also accrued $240 million for a pending US Department of Justice matter related to compliance and risk practices. Total operating expenses surged 57% year over year to $3.1 billion, while revenue rose just 5% to $6.1 billion.  Gross profit climbed 27% to $2.9 billion, lifted by

05-08

Pentagon Begins Releasing UFO Files—Says Public Can Draw Own Conclusions

Finance  Pentagon Begins Releasing UFO Files—Says Public Can Draw Own Conclusions  The Pentagon began releasing files and images depicting what it says are “unidentified anomalous phenomena” on Friday, months after President Donald Trumps directive to make UFO documents public, though it said the files depict “unresolved” cases and the public can “make up their own minds” about what is included.  Getty Images  Key Facts  The files, released on the Department of Defenses website, contain images and documents it says were previously classified about “unidentified anomalous phenomena,” some of which are decades old.  The Department of Defense announced the UFO files release in a statement on X, saying the documents were released in the “interest of total transparency” while criticizing previous presidential administrations for allegedly seeking to “discredit or dissuade the American people” about UFOs.  Trump previously said in February he would direct the Defense Department to identify and release files relating to UFOs, citing “tremendous interest” from the public.  But findings from the files appear to be unclear, as the Defense Departments UFO website says the government is “unable to make a definitive determination on the nature of the observed phenomena,” urging the public to draw their own conclusions about the content of the files.  The agency said all

05-08

Ondo price breaks $0.30 resistance amid RWA growth, can it revisit January highs?

The rally also pushed price well above the Supertrend resistance level, with the indicator now beginning to flip bullish after remaining in a bearish structure for months.  Meanwhile, the Aroon Up indicator has surged to 100%, while the Aroon Down has dropped toward 35%, signaling strengthening bullish momentum and a possible shift in broader trend direction.  However, momentum indicators also suggest the rally may be overheating in the short term. ONDOs Relative Strength Index recently climbed above 81, indicating heavily overbought conditions that could trigger temporary profit-taking or volatility after the sharp move higher.  If bulls maintain control above the $0.30 breakout zone, the next major upside target could emerge near $0.47, which marks the January local high and a key resistance region from the broader downtrend structure.  On the downside, losing the newly reclaimed $0.30 support level could weaken the breakout structure and potentially trigger a pullback toward the $0.24 consolidation range.

05-08
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