The disruption came during a turbulent stretch for Coinbase after the company reported weaker-than-expected quarterly results and announced plans to cut roughly 14% of its workforce as it pushes to become “lean, fast, and AI-native.”

This Is ‘Never Acceptable’

For hours, traders across crypto markets speculated about the cause of the outage as users reported problems accessing accounts, executing trades and moving funds.

Armstrong addressed the incident in a post on X on Friday.

“We experienced an outage at Coinbase last night, which is never acceptable,” he wrote.

According to Armstrong, the disruption began after multiple chillers failed inside an AWS facility, causing a room to…

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Every few years, the capital markets are declared to be on the brink of disruption. And every few years, something interesting happens instead.

The Securities and Exchange Commission’s (SEC) recent release regarding the New York Stock Exchange’s (NYSE) proposed rule change (Release No. 34-105260) to permit the trading of tokenized securities is the latest example. It has all the language of innovation, including blockchain, tokenization, and digital representation, but the structure tells a different story.

Under the proposal, tokenized securities must look exactly like their traditional counterparts in every way that matters. They must have the same CUSIP, the same economic and voting…

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Tether Leaving Room For Competition

Zhao explained that Tether moved early and built dominance without paying users. Newer stablecoins are now offering yields, creating an opening for competition.

“Stablecoins should generate interest for the users,” Zhao stated during the ARK Invest podcast. 

“I don’t think Tether is going to do that anytime soon. They’ve achieved dominant position without doing that because they were the early mover,” he added.

Businesses will find ways to reward users regardless of restrictions.

Activity-based rewards, different account types, staking options, and other mechanisms allow companies to pass value to users even if direct interest payments face…

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XRP (CRYPTO: XRP) has been trading sideways for a month, but traders say growing liquidity and fresh technical buy signals could set the token up for a sharp upside move.

Traders See Short Squeeze Setup Building

Analyst Cryptoinsightuk said XRP may be approaching a major local bottom as momentum indicators including RSI and MACD begin flashing historically bullish reversal signals.

The trader argued that deeply negative funding rates combined with heavy liquidity sitting above current price levels could fuel a strong short squeeze higher.

He compared XRP’s current structure to the setup seen before Toncoin (CRYPTO: TON) broke out earlier this cycle.

According to the analyst, XRP could…

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Bitcoin (CRYPTO: BTC) shed 245,000 wallets in five days, the fastest holder decline in nearly two years, as BTC holds just below the critical 200 EMA at $82,041.

Capitulation Fuels Bull Runs

The wallet exodus marks the sharpest drop since summer 2024, when Bitcoin lost over 964,000 wallets across five weeks before launching into the bull run that followed, according to Santiment.

Holders leave during both price drops out of fear and price rises out of doubt. 

That means the remaining supply consolidates into the hands of participants with the highest conviction, who have already decided they are not selling at current prices.

With fewer coins actively circulating and more locked away in…

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ARK Invest CEO Cathie Wood says orbital data centers could take SpaceX revenue 10 to 20 times higher than existing models.

Orbital Data Centers The Game Changer

Wood explained that ARK’s preliminary work on orbital data centers suggests this business line could dwarf current SpaceX revenue projections by orders of magnitude.

“We have not added data centers, orbital data centers in,” Wood told Bloomberg. 

“However, our preliminary work suggests that that part of the business could take SpaceX from a revenue generation point of view, orders of magnitude higher. Ten, 20 times higher,” she added.

Elon Musk’s experience in Memphis, Tennessee, and Mississippi informed the orbital data…

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Dogecoin (CRYPTO: DOGE) climbed around 14% over the past month, but traders are warning the move may still be a short-term recovery rally rather than the start of a full bull run.

Analysts Eye Major Resistance Ahead

Crypto analyst Kevin said Dogecoin’s rebound looks more like a countertrend rally inside a broader uncertain market structure.

He flagged major resistance between 11.7 cents and 12.5 cents, where key Fibonacci levels and the daily 200 EMA/SMA converge. Another heavier resistance zone sits between 13.6 cents and 15.9 cents.

Kevin noted momentum and money flow indicators have improved sharply, but DOGE’s RSI is now heavily overbought, increasing the risk of a near-term pullback.

The…

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Shares of the crypto exchange fell about 5% in premarket trading on Friday after a surprise first-quarter loss and missed Wall Street estimates on revenue.

‘Something’s Always Up, Something’s Down’

Executives spent much of the earnings call emphasizing newer businesses that they say can reduce the company’s dependence on volatile crypto trading cycles.

“Something’s always up, something’s down … that’s the nature of trading, so it’s important we’re diversifying,” Chief Executive Brian Armstrong said on the call.

Coinbase said prediction markets — launched in partnership with Kalshi earlier this year — reached an annualized revenue run rate of $100 million in March, just two…

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Anthony Pompliano declared most of the crypto industry is dead and never coming back after spending one day at the Consensus Miami conference, sparking fierce debate across the sector.

Ghost Chains And Zombie Coins Dominate The Landscape

Pompliano explained in a podcast update that the natural business cycle doesn’t play out in crypto.

In traditional industries, failed companies shut down, and investors reallocate capital elsewhere. But blockchains almost never shut down and coins almost never go to zero.

One or two people can keep “ghost chains” running and create the illusion that the blockchain is still alive and in use.

Meanwhile, “zombie coins” lose most of their value and…

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