Coinbase Layoff Email Stuns Staff — CEO Says 'AI Can Do Weeks Of Work In Days' As 14% Jobs Cut

Coinbase CEO Brian Armstrong announces a 14% workforce reduction, citing AI's transformative impact on operations and the need for a leaner company structure.
CoinDesk

The end of ads: Coinbase engineer says AI agents could kill the internet’s favorite business model

Erik Reppel, who created the x402 protocol, said that the web economy depends heavily on advertising revenue generated from humans. AI agents bypass that system entirely.

91-year-old Wall Street bank to challenge Coinbase, Robinhood

Launched in 2012, Coinbase (Nasdaq: COIN) is now the largest cryptocurrency trading exchange in the United States. The brokerage firm Robinhood Markets (Nasdaq: HOOD), launched in 2013, has also become very popular among crypto traders. But a Wall Street bank is now attempting to challenge these dominant players with lower fees.

Does Coinbase 'sell' H-1B visas? Viral claim fact-checked

A viral post claims Coinbase is selling H-1B visas and replacing American workers, following layoffs. However, evidence shows this is misleading.
24/7 Wall St.

Circle, Coinbase, Strategy Rise Again on Tuesday: How a Stablecoin Rule Tweak Reignited the Crypto Trade

Crypto-linked equities are extending Monday’s rally into Tuesday morning. Shares of Circle Internet Group (NYSE:CRCL | CRCL Price Prediction), Coinbase Global (NASDAQ:COIN), and Strategy (NASDAQ:MSTR) all gained 3% in the premarket hours.