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Coinbase reshuffles top ranks amid push into stocks and predictions

Coinbase has replaced or reassigned four senior leaders after cutting 14% of its workforce, as the exchange builds a platform spanning crypto, stocks, derivatives and prediction markets. Summary Coinbase is replacing or reassigning four senior leaders during its multi-asset expansion. Dominique Baillet is expected to succeed Lawrence Brock as chief people officer. Stocks and prediction…

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Bitcoin Traders Trigger $87M in Liquidations After BTC Slides Below $64,000

Key Takeaways Bitcoin slipped below $64,000 on Friday after reaching nearly $67,000 mid-week, leaving it down 1% on the day. The drop triggered $312M in total crypto liquidations, reducing Bitcoin’s market capitalization to $1.285 trillion. Progress on the CLARITY Act regained momentum as analysts watch Fed rates and energy volatility. Bitcoin Reverses Gains as Liquidations…

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Can Bulls Repair the Damage?

“The next big move could shock everyone,” one analyst predicted. The biggest meme coin by market capitalization is down 12% over the past month, while its most recent plunge below a critical level suggests sellers may now be in full control. On the other hand, Ali Martinez pointed to the formation of a rare…

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As US weighs response to Chinese AI, industry urges against broad open-weight restrictions

Several AI companies including Hugging Face, Meta, Microsoft, Mistral and Nvidia have signed an open letter urging policymakers not to impose broad “premature restrictions” on open-weight AI models. The letter comes as Washington debates how the U.S. should respond to allegations that Chinese AI labs are stealing intellectual property from their American counterparts, and growing in…

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Justin Sun’s HTX lands on EU sanctions list over alleged Russia ties

The European Union has placed Justin Sun-linked HTX among 18 crypto companies accused of helping Russian users evade financial sanctions. Summary EU lists Justin Sun-linked HTX among crypto firms accused of helping Russians evade sanctions. HTX faces transaction restrictions, but the EU action does not include an asset freeze. Separate rules will restrict Belarusian ownership…

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