Coinbase cuts 700 jobs today, with CEO Brian Armstrong saying AI is making 
small engineering teams far more productive Coinbase CEO Brian Armstrong 
announced on May 5 that the company is eliminating roughly 700 employees, 
representing approximately 14% of its…

Coinbase cuts 700 jobs and blames AI productivity

Dogecoin may not be finished with its multi-year compression phase if a new 
XRP fractal chart from analyst Charting Guy continues to track. The setup 
suggests DOGE’s next decisive run toward a prior-cycle high could arrive 
around mid-2028, with the chart mapping a prolonged base before any attempt at 
a breakout. Charting Guy shared the updated DOGE/XRP fractal on May 4, writing 
simply: “DOGE with XRP fractal update 👀.” The chart overlays an XRP-style 
historical price structure onto Dogecoin’s weekly Binance chart, showing DOGE 
trading near $0.107 while still contained inside a broad multi-year triangle 
that began after the 2021 blow-off top. What This Could Mean For Dogecoin 
Price The projected blue fractal line does not show an immediate vertical 
expansion. Instead, it sketches out a slow, grinding path through the 
remainder of 2026 and into 2027, with DOGE continuing to work through the same 
kind of lengthy post-euphoria consolidation that defined XRP’s prior cycle 
structure. The actual breakout phase, according to the overlay, would not 
begin until after the pattern approaches its apex, with the major acceleration 
appearing closer to mid-2028. Related Reading: Dogecoin Sees Big-Money 
Interest: Whales Load Up On 160M DOGE That is where the all-time high question 
becomes relevant. DOGE’s previous peak is marked near the 1.0 Fibonacci level 
at roughly $0.7605. The fractal projection does not place Dogecoin cleanly 
above that zone in the near term; rather, it implies that the asset would need 
to spend considerably more time compressing before retesting the upper cycle 
range. If the XRP fractal continues to hold, DOGE’s new all-time high attempt 
would likely come around the late-2028 window, not during the early stages of 
the current structure. Charting Guy had already framed the setup in January as 
a constructive development for DOGE’s cycle position. At the time, he wrote: 
“the good thing is, if this is happening, then the worst of it is over.. 
DOGE.” That earlier comment matters because the fractal is less about a 
straight-line price target than about where DOGE may sit in a larger market 
structure: after the deepest downside, but before the strongest expansion 
phase. Related Reading: Bitcoin Price Rally Could Trigger 20% Push for 
Dogecoin, Here’s When The chart also includes several Fibonacci extensions 
above the prior high, including levels around $1.451, $1.607, $2.362 and 
$4.130. Those levels drew attention from users, with one commenter asking: 
“$4? That’s it.” Charting Guy pushed back on that interpretation, replying 
that the chart “does not imply that,” indicating that the fractal should not 
be read as a direct promise of a $4 DOGE target. Before DOGE could challenge 
its former all-time high, the chart shows several Fibonacci levels acting as 
potential waypoints. The first major levels on the way up are the 0.236 Fib 
near $0.107, followed by the 0.382 level around $0.139, the 0.5 level near 
$0.193, the 0.618 level at roughly $0.267, the 0.702 level near $0.336, and 
the 0.786 level around $0.423. Above that, the 0.888 Fib sits near $0.559, 
before DOGE would reach the prior-cycle high zone marked around $0.7605. At 
press time, DOGE traded at $0.11188. Featured image created with DALL.E, chart 
from TradingView.com

Dogecoin’s XRP Fractal Just Put A Date On The Next ATH Run: Analyst

The Firedancer upgrade may enhance Solana&#8217;s market perception, potentially 
leading to increased adoption and price appreciation.
The post Jump Crypto&#8217;s Firedancer upgrade boosts Solana network performance 
appeared first on Crypto Briefing.

Jump Crypto’s Firedancer upgrade boosts Solana network performance

Heightened tensions in the Strait of Hormuz could disrupt global oil supply 
chains, impacting international trade and economic stability.
The post Iranian missile reportedly strikes cargo vessel in Strait of Hormuz 
appeared first on Crypto Briefing.

Iranian missile reportedly strikes cargo vessel in Strait of Hormuz

Kraken and Moneygram are linking crypto balances to cash withdrawals through a 
global pickup network. The partnership supports local-currency payouts across 
hundreds of fiat currencies and more than 100 countries. Key Takeaways: Kraken 
partnered with Moneygram to support crypto-to-cash withdrawals across more 
than 100 countries. Customers can access local currency through Moneygram’s 
regulated international cash […]

Kraken, Moneygram Expand Crypto Off-Ramps Across 100+ Countries

Eased US-Iran tensions may boost investor confidence, potentially driving 
increased investment in risk assets like Bitcoin.
The post US-Iran tensions ease, Bitcoin price above $66K likely by May 6 
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Coinbase cuts 700 jobs and blames AI productivity

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