Heightened tensions in the Strait of Hormuz could destabilize global oil 
markets and increase the likelihood of broader military conflict.
The post Iran attacks US destroyers in Strait of Hormuz amid rising tensions 
appeared first on Crypto Briefing.

Iran attacks US destroyers in Strait of Hormuz amid rising tensions

Crypto analyst Max has cited historical data to provide insights into what 
could be next for Bitcoin, noting that it has closed two consecutive monthly 
candles in the green. Based on this historical data, BTC may be heading for a 
red month, except if this bear cycle turns out to be different. Bitcoin 
Expected To Close This Month In The Red After Two Monthly Green Candles In an 
X post, Max stated that there has never been a bear market where Bitcoin 
printed more than two consecutive monthly candles. He noted that BTC closed 
March and April in the green, with gains of 2% and 12%, respectively. As such, 
the analyst remarked that this month is likely to close red unless this cycle 
is different from every previous one. Related Reading: Analyst Predicts 
Exactly When To Sell Bitcoin For The Most Return Max also mentioned that 
further downside remains, given the higher probability that May is a 
historically weak month and a large amount of liquidity is sitting below. 
However, it is worth noting that Bitcoin is already up almost 6% this month, 
rising to a multi-month high of $81,000 today. This has provided optimism that 
the bull market may be back with BTC targeting new highs. The analyst 
commented on the current Bitcoin price action, indicating that it is still 
bearish despite the recent rally. He noted that on the first two attempts to 
break above the $79,000 resistance, a clear rejection followed. Now, on this 
third attempt, price has managed to break above but quickly lost momentum and 
closed back below the resistance. In line with this, Max opined that Bitcoin’s 
current price action looks like a typical fakeout and liquidity grab. He added 
that there is a high chance BTC will sweep the untouched lows next if price 
continues to find acceptance below $79,000. How BTC Could Reach $94,000 Crypto 
analyst Ali Martinez predicted that Bitcoin could reach $94,000 on this rally. 
He noted that on the daily chart, BTC is approaching the 200 SMA at $83,000, 
which is the most significant psychological and structural barrier. The 
analyst added that a clean daily close above this hurdle could clear the path 
for a macro expansion toward $89,000, with a secondary target at $94,000. 
Related Reading: What The Sharp Drop In The Coinbase Bitcoin Premium Means For 
The BTC Price Martinez also noted that Bitcoin continues to show structural 
strength, with a 15% price increase following a bullish MACD crossover on the 
weekly chart on April 13. He added that historically, this specific weekly 
crossover has been a premier signal for defining multi-month trends. Notably, 
this crossover led to 147%, 75%, and 35% rallies in 2023, 2024, and 2025, 
respectively. At the time of writing, the Bitcoin price is trading at around 
$81,000, up in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Pixabay, chart from Tradingview.com

Bitcoin Closes 2 Green Monthly Candles: Here’s What Historical Data Says Is Coming Next

Iran&#8217;s actions may destabilize regional security, prompting potential military 
escalations and impacting geopolitical and economic dynamics.
The post Iran tests ceasefire limits with UAE attacks, maritime threats 
appeared first on Crypto Briefing.

Iran tests ceasefire limits with UAE attacks, maritime threats

Coinbase will cut 14% of its workforce as Brian Armstrong moves the exchange 
toward leaner teams, fewer layers and AI-native operations.

Coinbase to cut 14% of workforce as Armstrong pushes AI-native structure

Coinbase CEO Brian Armstrong announced on Tuesday, May 5, that the company 
will reduce its workforce by approximately 14% — a move Armstrong described as 
&#8220;sudden and harsh&#8221; but necessary to position the exchange for what he called a 
new phase of AI-driven operations. Related Reading: Why is Crypto Up Today? 
Bitcoin Price Faces ‘Real Test’ At This Key Level In a post on X shared with 
employees, Armstrong outlined two converging forces behind the decision: the 
persistent volatility of crypto market cycles and the accelerating impact of 
artificial intelligence on how the company operates internally. Based on 
Coinbase&#8217;s last disclosed full-time employee count of 4,951 as of December 31, 
2025, the reduction is estimated to affect approximately 693 people, according 
to reporting by Stocktwits. Coinbase Uses AI to Reshape The Equation? 
Armstrong framed the cuts not as a defensive market response, but as a 
structural redesign. According to Bitcoin Magazine&#8217;s coverage of the 
announcement, engineers at Coinbase are now shipping in days what previously 
required full teams working for weeks, a shift Armstrong attributed directly 
to AI tools. The company has already required engineers to adopt platforms 
including GitHub Copilot and Cursor, with a stated target of 50% AI-written 
code. Armstrong also described experiments with &#8220;AI-native pods&#8221; — including 
what he called &#8220;one person teams&#8221; — where engineering, design, and product 
responsibilities converge into a single role. The restructuring targets 
flatter organizational structures, fewer management layers, and a tighter 
focus on small, high-impact teams, per the announcement. A Pattern With A New 
Argument This is not the first time Coinbase has moved aggressively on 
headcount. The exchange cut 18% of its workforce in June 2022 as crypto prices 
collapsed, then eliminated another 20% — approximately 950 employees — in 
January 2023 following the FTX implosion. Each prior reduction was a market 
response. The 2026 round carries a different stated rationale: operational 
redesign around AI, not survival through a downturn. Affected US employees 
will receive at least 16 weeks of base pay, two additional weeks per year of 
service, their next equity vest, and six months of COBRA health coverage, per 
the announcement. Armstrong stated the company remains &#8220;well-positioned to 
weather any storm.&#8221; Related Reading: Solana, TRON, XRP, and BNB Make Debut at 
Moscow Exchange, These Top Altcoins Will Follow As of this writing, Bitcoin 
trades at around $79,500, with the broader market showing little immediate 
reaction to the Coinbase news. BTC&#8217;s price trends to the upside on the daily 
chart. Source: BTCUSD on Tradingview Cover image from Grok, BTCUSD chart on 
Tradingview

700 Jobs Gone: Coinbase’s Brutal Cuts Signal Something Is Wrong With The Crypto Market

Iran&#8217;s leadership instability could lead to increased militarization and 
economic strain, impacting regional dynamics and global market perceptions.
The post Iran leadership instability fuels regime change speculation amid 
command crisis appeared first on Crypto Briefing.

Iran attacks US destroyers in Strait of Hormuz amid rising tensions

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