Bulls sinned very hard in April and May
They thought they outplayed the marked
They thought they are smarter than the cycles
They got hubris bigly
They are getting punished now
WE FLUSH!
BUT I WARN BEARS!! Later this year the biggest bull market in history will start.
I will tell you when...
In Q4 money will start rotating from AI stocks/semiconductors to crypto
The next bull run will be glorious!!!
Imagine all AI money running to crypto...
Why would AI investors run to crypto?
Well...
AI will eventually get hit with massive "AI taxes"
The average Joe hates AI, will vote for socialists to protect him
Markets will start pricing 50%+ AI taxes later this year, probably around mid-terms when everyone will pay attention to politics, but especially in 2027 as the presidential race will start
the rush away from socialism back into self-custody, $BTC, privacy coins, $ZEC, $NEAR, will be BIBLICAL!!
the win condition for btc is clear:
>hedge against inflation because central banks will always print more money
this is the narrative that propelled bitcoin from 7k to 126k
however the narrative of ai growth presents a grim path for crypto
ai accelerates the path to quantum
quantum poses a risk to digital money more acutely than it does to gold
btc should not have to endure another cycle of flows where that is the ceiling concern
the hedge against inflation needs to be a hedge against the future dangers of technology
proof of work is poised perfectly to address this, as quantum & even the most advanced ai will not generate electricity
the efforts to tackle this ambiguous future should start today & i believe if it did there would be renewed cult like excitement around btc and the entire asset class
the writing is on the wall, the times are changing
the sooner the better
📈 BITCOIN FLASHES ITS FIRST “EARLY BULL” SIGNAL SINCE MARCH 2023
CryptoQuant’s bitcoin:native Bull-Bear Cycle Indicator turns green, signaling early market recovery.
Similar signals appeared in 2019 and early 2023 AFTER deep bearish phases, BEFORE stronger bullish trends followed.
But March 2022 shows this signal can fail if demand does not follow through.
This is an email I sent earlier today to all employees at Coinbase:
Team,
Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.
Why now
Two forces are converging at the same time. We need to be front footed to respond to both.
First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.
Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.
All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.
What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?
- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.
- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.
- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.
In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.
To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.
All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.
To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.
Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.
How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:
Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.
The Coinbase that emerges from this will be more capable than ever to achieve our mission.
Brian
MPH + AI agents
Autonomous agents will license IP and transact in real time; no lawyers, no delays, no middlemen. AI doesn't just accelerate this economy, it demands and requires it
The MPH brand is already taking full advantage of the rails this future runs on with AMGI’s embodied AI agent infrastructure
$HOOLI HOO
AI isn’t a tool we dabble in, it’s embedded across everything we do
It powers how we create and scale content, with Hell or High Hooli being our first public display and forming the backbone of our IP/RWA pipeline. $HOOLI at the center of it all
AI drives the “face” of agentic commerce through ClickZero where characters interact and transact
IP becomes interactive
AI becomes the engine
RWA becomes the bridge to the real world
$HOOLI HOO
Today is a pivotal day in our journey of bringing Pudgy Penguins and $PENGU to Capitol Hill.
We just hosted our first event with members of Congress, educating them on crypto’s mass-market use cases through the Pudgy Penguins brand.
A win for Pengu is a win for all of crypto 🐧
𝕏 has always been the best source of financial news for traders and investors. Billions of dollars are allocated every day based on what people read on Timeline.
Today we're launching our new Cashtags feature in the US and Canada on iPhone, bringing real-time financial data to X.
Here's how it works:
1. When you search for or post a cashtag (or contract address), X will automatically suggest matching stocks or crypto tokens, so you can select the exact asset you had in mind.
2. Anyone who taps a Cashtag will see posts mentioning it along with its price chart—without ever leaving X.
This ensures that you're always matched to the chatter for the right stock or token.
Cashtags are just the first step in our commitment to be the best destination for the finance and crypto community.
This is what Building Together looks like.
Today on stream, Citizen #1835 got the full BUZZ'D treatment before being raffled to the community.
Fully body T-pose, exclusive rooftop access, even tested a few of these scenes in motion. A full packet of vibes.
Congrats @TheMullet888.
LFV 🤙
Hk fellow brewers, a sunny greeting 🌞 from #MetaBrewSociety in the middle of April! As you could see on Discord, there's light at the end of the beer tunnel. Definitely a good reason to celebrate 🍻😁
#beerforlife#mbs4ever
🔷️🍺🔷️🍺🔷️🍺🔷️🍺🔷️🍺🔷️