Legend, a mobile DeFi app backed by Andreessen Horowitz and Coinbase Ventures, will shut down on 12 July after failing to reach enough users to stay viable despite raising $15 million.

Coinbase, Coinbase is besieged on all sides. Golden Finance reports that exchanges are beginning to confront the structural problems of the cryptocurrency market.

AI agents require stablecoins in US dollars, on-chain wallets, and clearing and settlement infrastructure, and Coinbase is building the entire underlying technology stack.

Coinbase, USA, Artificial Intelligence, Pentagon Releases UFO Files, Coinbase Layoffs and System Outages, Golden Finance, What Have Crypto KOLs Been Talking About in the Past 24 Hours?

AWS overheating at a Northern Virginia data centre disrupted cloud systems in one zone, affecting platforms like Coinbase and FanDuel. Coinbase users faced trading delays while AWS worked to restore cooling and recover services gradually.

Coinbase released its Q1 2026 financial results: revenue plummeted 31% to $1.41 billion, exceeding market expectations. However, Coinbase's financial report reveals a "seemingly weak but actually strong" pattern.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3049, providing you with the latest and fastest news on the digital currency and blockchain industry.

Coinbase's layoffs are not an isolated case. Looking at the entire Web3 industry, the spring of 2026 seems more like a collective "cutting off an arm to survive."

Coinbase is cutting more than 14% of its workforce in a sweeping restructuring that signals a deeper shift: AI is no longer just a productivity tool but it’s replacing entire teams.

Under pressure from both AI technology revolution and the crypto market downturn, Coinbase announced it will lay off approximately 700 employees. The CEO stated that the company will transition to an "AI-native" model, with smaller teams managing AI agents in the future.