🤔 Coinbase Plans to Cut 14% of Workforce

Coinbase co-founder and CEO Brian Armstrong announced that the company will reduce its workforce by approximately 14%. This decision is attributed to market cyclicality and the increasing influence of AI on productivity. Armstrong stated that Coinbase aims to transition to a leaner, AI-native structure with fewer management layers and smaller, more efficient teams.

PE coins.

🇫🇷💰 Europe’s Early Bitcoin-Treasury Firm Sequans Sells 1,025 BTC

France-listed Sequans Communications (SQNS), which raised $384 million in 2025 to launch a Bitcoin treasury strategy, has sold 1,025 BTC and now holds 1,114 BTC. Company filings show Sequans previously disclosed 2,139 BTC as of end-2025; as of April 30, its remaining 1,114 BTC was valued at about $84.9 million. The filings also indicate 817 BTC is pledged as collateral for the remaining $35.9 million of the company’s convertible notes.

🤝 FalconX And Sygnum Partner To Launch Tokenized Credit Offering For Institutional Clients: The Block

🤝 Kraken To Let Customers Cash Out Crypto At MoneyGram Locations In More Than 100 Countries: Fortune

💰 A16Z raised $2.2 billion in a new fund, noting that the fundamental metrics of the cryptocurrency market are at "record highs."

🇺🇸📝 USA - Trade Balance (March) = -$60.3 billion (expected -$61 billion / previously -$57.3 billion)

📲 #JTO Fortune: Jito plans to launch a mobile trading app called JTX in July. The app will offer spot trading, with future integrations for perpetual futures and prediction markets.

💼 #SXT Space and Time launches virtual storage for institutional lending on the blockchain. Cointelegraph

🕵️ ZachXBT: $150M Ponzi Collapses, $41.5M Frozen Across Chains

On-chain investigator ZachXBT reported that the DSJ Exchange (DSJEX) / BG Wealth Sharing Ponzi scheme collapsed last week, involving over $150 million.

Between April 27 and May 3, more than $92 million in illicit funds was laundered across chains, with approximately $63 million routed to custody provider Cobo. ZachXBT assisted Tether, Binance security team, OKX, and U.S. law enforcement, resulting in over $41.5 million frozen so far. #regulation

📊 #JUP Securitize, Jump Trading Group, and Jupiter launch a fully regulated platform for trading tokenized stocks. #rwa

🕵️ Jan3’s A1 Lab launched Agentic AQUA, an open-source tool enabling AI agents to send, receive, and manage Bitcoin across on-chain, Liquid, and Lightning networks.

Last cycle 👀
Current cycle 👀

📈 Intel $INTC rises over 12%, adding $55,000,000,000 to its market cap today.

🇺🇸📝 #macro US - ISM Services PMI (Apr) = 53.6 (prior 54)

📝 USA - Job Openings and Labor Turnover Survey (JOLTS) (March) = 6.9 million (expected 6.86 million / previously 6.882 million)

🇺🇸🗣 “The more money that is printed in the U.S. or the world, the more value $BTC will have.” — Arthur Hayes

📝 Number of job openings on the labor market (JOLTS) for March: 6.866 million
(prior: 6.882 million) #macro

🇺🇸📉 USA - New Home Sales (March) decreased by 7.4% month-on-month (expected - / previously -19.9%).

🕵️ #BTC Bitcoin network processed its 1 billionth transaction on this day last year, 15+ years after Satoshi mined the Genesis Block.

🇺🇸👀 Crypto #ETF Flows Today:

Bitcoin ETFs:
1D NetFlow: +6,668 $BTC (+$541.96M)
7D NetFlow: +10,817 $BTC (+$879.26M)

Ethereum ETFs:
1D NetFlow: +26,480 $ETH (+$63.23M)
7D NetFlow: -3,788 $ETH (-$9.05M)

Solana ETFs:
1D NetFlow: +41,170 $SOL (+$3.52M)
7D NetFlow: +33,161 $SOL (+$2.84M)