Coinbase Cuts 14% of Staff as Kalshi Sees 92% Odds of More Layoffs

Tech  Coinbase Cuts 14% of Staff as Kalshi Sees 92% Odds of More LayoffsCoinbase cuts 14% workforce as Kalshi sees 92% odds 2026 tech layoffs exceed 2025 levels.Armstrong says AI lets engineers ship in days what previously took entire teams several weeks.Coinbase previously cut 18% in 2022 and 20% in 2023, but those were market-driven, not AI-driven.  Coinbase‘s decision to cut approximately 700 jobs, or 14% of its workforce, on Tuesday is being read by prediction market traders as confirmation of a trend that is only getting started. Kalshi currently prices a 92% probability that total tech layoffs in 2026 will exceed the 447,000 recorded in 2025. With the Bureau of Labor Statistics already reporting 178,000 layoffs in the information sector through March alone, that threshold looks increasingly likely to be crossed well before year’s end.  Coinbase is the latest data point in what is becoming a clear pattern. Block cut more than 4,000 of its 10,000-plus employees in February, explicitly citing artificial intelligence as the operational driver. Tuesdays announcement from Coinbase carries the same stated rationale, separating both companies from the wave of market-driven cuts that defined 2022 and 2023.  Armstrongs Explanation  CEO Brian Armstrong published the internal email he sent to staff, laying

05-06

MercadoLibre (MELI) Stock: Analyst Expectations Ahead of Thursday’s Q1 Report

Wednesdays opening price came in at $1,818.23, giving the company a market valuation approaching $92.2 billion. Technical indicators show the 50-day moving average positioned at $1,757, while the 200-day average rests at $1,969.  The Streets consensus estimate calls for first-quarter earnings of $8.52 per share, representing a modest year-over-year decline. However, the forward outlook appears significantly more optimistic, with projections showing earnings expanding more than 20% this year to reach $47.36, followed by additional growth exceeding 40% by 2027 to hit $66.41.  The stock‘s recent weakness reflects investor concerns about macroeconomic headwinds across Latin America, intensifying competitive pressures, and margin compression as the company accelerates strategic investments. Market participants anticipate that management’s commentary during the earnings conference call may carry more weight than the actual financial results.  Operational metrics have shown encouraging trends, particularly in Brazil where gross merchandise value expansion has accelerated over the last two quarters. Unit logistics expenses dropped 11% in the latest reporting period, demonstrating enhanced operational efficiency.  Looking at 2025 performance, the fintech segment delivered impressive 46% year-over-year revenue growth. The commerce division, anchored by the core marketplace platform, posted 34% revenue gains. Gross profit margins continue holding above the 40% threshold, despite some recent compression.  Harel Insurance Investments significantly

05-06

KuCoin Expands Anti-Phishing Initiative as Part of Global Cybersecurity Awareness Efforts

KuCoin has introduced the second edition of its “Anti-Phishing Month” campaign, continuing an initiative first launched last year. The program is designed to strengthen user protection through a combination of education, security infrastructure, and risk management practices.  The rollout comes amid a rise in phishing activity targeting crypto users. According to KuCoin, SMS-based phishing and email phishing account for more than 90% of recorded incidents on its platform. These attacks can lead to financial losses and undermine user confidence, prompting the company to place greater emphasis on structured prevention efforts.  The campaign aligns with several global cybersecurity awareness milestones observed in May, including World Information Security Day, World Password Day, and initiatives led by the International Telecommunication Union. KuCoin is using this period to promote stronger user awareness and encourage more secure account practices across its global user base.  As part of its broader “security-as-a-service” approach, KuCoin has implemented a multi-layered protection system that combines detection tools, authentication measures, and user-focused education.  The platforms phishing detection engine is designed to identify and block suspicious login attempts and unauthorized withdrawal requests. KuCoin reports that the system intercepts more than 5,000 high-risk access attempts each day.  Security measures are also integrated into key user actions such as

05-06

Bitcoin, Ethereum ETFs see major inflows amid market uncertainty

Bitcoin Ethereum News  ## Market Snapshot  The “Will Bitcoin reach $92,000 May 4-10?” market is currently priced at 0.5% YES. The “Will the price of Bitcoin be less than $66,000 on May 6?” market shows a 0.1% YES probability. The “Will the price of Ethereum be above $1,800 on May 6?” market indicates a 99.9% YES likelihood.  ## Key Takeaways  – Recent ETF inflows into BTC, ETH, SOL, and XRP suggest increased institutional interest. – Pricing in Bitcoin markets appears consistent with a low probability of reaching $92,000 by May 10. – Ethereum market pricing suggests strong confidence in holding above $1,800 on May 6.  ## Article Body  On May 5, spot ETFs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP witnessed significant net inflows. BTC ETFs saw the largest inflow of $467.35 million, indicating robust institutional interest. Ethereum ETFs received $97.57 million, while SOL and XRP ETFs saw inflows of $1.74 million and $11.28 million, respectively. These inflows reflect a continued interest in digital assets amid broader market dynamics. The inflows occurred against a backdrop of geopolitical tensions and macroeconomic uncertainties, which have been influencing investor behavior globally.  ## Market Interpretation  The inflows into BTC spot ETFs are supportive of scenarios where Bitcoin‘s price increases, yet

05-06

Ethereum (ETH) Price Prediction: $2,450 Breakout Test Builds as Bulls Target $2,600–$2,700

Ethereum price is starting to hold above its recent recovery base, but the next real confirmation still depends on whether buyers can clear the $2,400–$2,460 resistance area. According to Brave New Coin, Ethereum is trading near $2,374.89, up 0.86% in the last 24 hours, with 24-hour asset volume around $15.66 billion.  Ethereum Price Consolidating Below $2,450 Resistance  The short-term price shows Ethereum consolidating just below the $2,400-$2,450 resistance trigger. This is important because ETH has been making a series of higher lows while pressing into the same upper zone, which often signals compression before a larger move.  The chart places local support around $2,300–$2,330. As long as ETH holds this area, bulls still have a base to work from. But losing this support would shift attention towards the $2,160 retest zone, which would weaken the current bullish setup.  The breakout trigger remains the immediate objective. A clean move above $2,460 with volume would open the next leg towards $2,600. So until that happens, ETH will remain stuck inside a range.  $2,400 Remains the First Major Test  While the structure is improving, resistance near $2,400 is still holding the market back. Ted Pillows highlighted that ETH has failed to break above this level again, even as Bitcoin

05-06

BitMine buys 101,745 ETH for $238M, boosting institutional demand

Bitcoin Ethereum News  ## Market Snapshot  The market “Will the price of Ethereum be above $1,800 on May 6?” is currently priced at 99.9% YES. This reflects stable confidence after BitMines significant ETH acquisition, with odds holding steady from the previous day.  ## Key Takeaways  – BitMines purchase suggests increased institutional demand for Ethereum. – Market pricing implies strong support for Ethereum staying above $1,800. – Broader market trends indicate strategic treasury use of cryptocurrencies by firms.  ## Article Body  BitMine Immersion Technologies has acquired 101,745 ETH for $238 million, expanding its holdings to 5.18 million ETH. This marks BitMines third consecutive week of purchases exceeding 100,000 tokens. The move aligns with a broader trend of U.S.-listed firms leveraging cryptocurrencies, like Bitcoin and Ethereum, as strategic treasury assets. This comes amid heightened regulatory scrutiny in the U.S. and EU over large crypto holdings, contrasted by expansion in Asian and Middle Eastern regions. U.S. policymakers are increasingly viewing digital currencies as pivotal in geopolitical and financial arenas, particularly against the backdrop of strategic competition with China.  ## Market Interpretation  The news of BitMine‘s substantial ETH purchase appears supportive of a YES outcome for Ethereum pricing above $1,800 on May 6. The impact is considered moderate, with market sentiment showing

05-06

Lubin calls Ethereum DATs a “profound innovation,” backs them with 30,000 ETH

Ethereum co-founder Joseph Lubin calls Ethereum Digital Asset Treasuries “profound innovations,” backs unlevered ETH treasuries, and commits 30,000 ETH to rsETH recovery while pitching Ethereums quantum-safe roadmap.At Consensus 2026, Consensys CEO and Ethereum co‑founder Joseph Lubin praised Ethereum Digital Asset Treasury (DAT) vehicles such as Strategy, SharpLink, and BitMine as “profound innovations” that build “long-term permanent capital” for Ethereum without leverage.He warned that “weak assets and copycat DATs” could damage the ecosystem, arguing that only disciplined, unlevered ETH treasuries truly align with Ethereums long‑term health.Lubin also highlighted Consensys and his own commitment of 30,000 ETH to DeFi Uniteds rsETH recovery effort after the KelpDAO exploit, and stressed that Ethereum has an embedded roadmap toward quantum-safe cryptography—unlike Bitcoin, which he said faces thornier property issues migrating quantum‑vulnerable addresses.  Lubin backs ETH treasury companies and the DAT model  According to a new report from The Block, Lubin used a panel at Consensus 2026 to single out projects like Strategy, SharpLink, and BitMine—public companies that are accumulating ETH on their balance sheets—as “positive examples” of Ethereum Digital Asset Treasuries (DATs).  He framed these firms as building “long‑term permanent capital” for the Ethereum ecosystem by buying ETH spot, staking it, and avoiding leverage, thereby operating more like

05-06

$5,000 Investment in Little Pepe (LILPEPE) Could Aim for $250,000 as Demand Continues to Build

In a market where timing matters, presales continue to draw attention for early entry. With LILPEPEs fundraise reaching above $28,101,728, it should be noted that a total of 16,943,966,303 tokens have been sold out of the 17,250,000,000 tokens available for the present stage. For its current stage, which is stage 13, a single token costs $0.0022, but the upcoming stage will see an increase in its price to $0.0023.  The value of the token for those who invested in stage 1, having paid only $0.001 per token, has already surpassed 120%. This provides a solid foundation for discussions about potential gains to come from holding the asset. The thought of making good returns out of an initial allocation of $5,000 has been common in the cryptocurrency space.  Why is Little Pepe Attracting More Attention?  At first glance, LILPEPE carries the familiar meme coin identity. But below all this branding is a Layer 2 EVM-compatible architecture built for performance, cheap transactions, and scaling. The network has been constructed as a utility-centric framework that has no tax whatsoever on transactions, staking capabilities, and support for NFTs.  The Layer 2 framework allows for ultra-fast and low-cost transactions, which could make it appealing not only to traders but

05-06

Spirit Airlines faces shutdown risk amid soaring jet fuel prices and flight cuts

Bitcoin Ethereum News  ## Market Snapshot The Spirit Airlines shutdown market is currently priced at 100% YES for a shutdown or liquidation by May 31. Significant flight cancellations and soaring jet fuel prices have led to heightened concerns about financial strain on airlines like Spirit.  ## Key Takeaways – The news suggests a further increase in financial pressure on Spirit Airlines, consistent with a YES outcome for shutdown or liquidation. – Recent geopolitical events have led to restricted access through the Strait of Hormuz, impacting global oil and jet fuel supplies. – The ongoing military tensions and subsequent fuel price surge appear to have a direct effect on flight operations worldwide.  ## Article Body Airlines have cut 13,000 flights in May, driven by soaring jet fuel prices amid ongoing geopolitical tensions, according to data from Cirium. The disruption stems from the US-Israeli military operations against Iran, which began in February 2026, including strikes on Iranian oil infrastructure. These events led to a partial blockade of the Strait of Hormuz, a critical conduit for global oil and Europe‘s jet fuel. Despite a temporary ceasefire, the US naval blockade on Iranian ports continues to restrict access. Jet fuel prices have more than doubled, severely affecting

05-06

Arthur Hayes Says “Altcoins Will Never Die,” at Consensus 2026

The post Arthur Hayes Says “Altcoins Will Never Die,” at Consensus 2026 appeared first on Coinpedia Fintech News  At Consensus 2026, Arthur Hayes defended the long-term future of altcoins, arguing that crypto markets will continue producing new speculative and innovative projects despite high failure rates. He rejected the growing belief that institutional adoption and regulation will eventually eliminate most altcoins from the market.  He stated:  “Altcoins will never die.”  While acknowledging that most crypto assets eventually fail, Hayes compared the altcoin market to the traditional stock market, arguing that most publicly traded companies also fail over long periods.  According to Hayes, crypto markets create an efficient environment for experimentation, innovation, and capital formation. He said investors should think of tokens similarly to software startups, where many projects fail but a smaller number generate significant long-term value.  Hyperliquid Is Hayes Biggest Altcoin Bet  Among his largest altcoin positions, Hayes highlighted Hyperliquid and Zcash. He said he remains highly bullish on Hyperliquid because decentralized trading applications have historically been cryptos most successful business model.  He explained that trading platforms created some of the largest fortunes in the crypto industry and described Hyperliquid as the latest evolution of decentralized leveraged trading infrastructure. Hyperliquid improved upon earlier decentralized exchange models by combining

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