Bitcoin Drops as ETF Outflows Mount, $60,000 Support Weakens

Bitcoin hovered around $60,719 on Saturday, rebounding after a slip under $60,000 the day before, with a session low of $59,630. Prices fell to levels traders hadn’t seen since late 2024, with many on watch to see if this weekend’s move above $60,000 can stick.

Bitcoin · Cryptocurrency · ETFs · NASDAQ:COIN · NASDAQ:MARA · NASDAQ:MSTR · NASDAQ:RIOT

NASDAQ:COIN

Fomo, a New York-based crypto trading app (COIN) news archive — page 3

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Coinbase Stock Slides After Surprise Q1 Loss: Crypto Slowdown Hits The Exchange

Coinbase Stock Slides After Surprise Q1 Loss: Crypto Slowdown Hits The Exchange

Coinbase Global Inc. swung to another quarterly loss, its second in a row, as softer crypto markets battered trading revenue and shrinking crypto asset values weighed on results. The exchange posted a net loss of $394.1 million for the first quarter, or $1.49 per share—down from a $65.6 million profit in the same period last year. Friday’s U.S. market open looms with pressure on the company.
8 May 2026
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Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Global plans to slash roughly 700 positions—about 14% of its worldwide staff—and pivot the business toward artificial intelligence, pushing forward one of the most visible tie-ins between layoffs and AI from a major U.S. tech-finance name. According to a regulatory filing, the restructuring is expected to wrap up in the second quarter, with projected costs of $50 million to $60 million, primarily for severance packages and termination payouts.
6 May 2026
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Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Global plans to eliminate around 700 positions—about 14% of its global staff—as part of a restructuring aimed at slashing costs and shifting the crypto exchange toward an AI-centric model. According to a regulatory filing, the layoffs are calculated using workforce figures from May 1, with most of the cuts expected to wrap up during the second quarter.
5 May 2026
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Ripple’s RLUSD Gets a Bigger Opening as U.S. Stablecoin Rules Shift Toward Regulated Dollars

Ripple’s RLUSD Gets a Bigger Opening as U.S. Stablecoin Rules Shift Toward Regulated Dollars

With the U.S. Senate hashing out a stablecoin rewards compromise, the push for regulated dollar tokens is gaining steam. Ripple’s RLUSD rollout on OKX suddenly looks more crucial, as lawmakers attempt to break the crypto legislation logjam. Coinbase on Friday confirmed a breakthrough on a sticking point that had blocked the bill’s progress in the Senate.
3 May 2026
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Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Robinhood Markets Inc. is staring down a new lawsuit from Wisconsin, just as it prepares to release first-quarter earnings. The state has targeted Robinhood and a group of rivals over contracts tied to sports events—a type of contract that allows traders to bet on real-world outcomes. The legal action drops a cloud of regulatory uncertainty over Robinhood right before its results hit.
26 April 2026
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