Providing services like @MyClawAgent or @MyClaw_Official is simply genius: they’re creating a win-win-win situation.
Oh, and profits. They’re also creating profits.
BREAKING: US oil prices are now expected to fall below $85/barrel this month, at a 66% chance, amid renewed peace deal headlines.
The odds of US oil prices falling below $85/barrel surged from 47% to 85% following the Axios headline this morning.
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
$ROAF has landed on #Bitget Wallet! ⚡️
@BitgetWallet
Another step forward, another door unlocked 🚀🌍
Contract Address:
RoAFTaaY51FvFTiEaiVYbg8bjFnGkBMzEor85JwVibe
After years diving deep into DeFi analytics at @chainalysis and being a full-time trader the last year I've seen firsthand how markets evolve and mature.
Today, I'm excited to announce I'm officially apart of the team building @mega_tao where we're building the financial backbone of the Bittensor ecosystem 🚀
IBM just lost $30B in market cap because AI learned a new skill.
AI is about to start one-shotting the biggest companies on earth.
This is only the beginning...
Being smart is like having a fast car, but agency is being a brave driver who knows how to find a way home when the GPS breaks. Intelligence means you can solve a hard puzzle if someone hands it to you. Agency means you go out, find the puzzle pieces yourself, and finish the job even if a few pieces are missing. In the real world, knowing the right answer isn't as helpful as being the person who says "I'll figure it out" and actually does it.
The people who change the world aren't always the ones with the highest test scores. They are the ones who refuse to sit around and wait for permission to start. When you hire for agency, you aren't just hiring a brain. You are hiring a doer who treats every problem like they own it. While smart people might wait for instructions, people with agency build their own path. This makes them much more valuable and much harder to find.
We just raised our pre-seed with @slow to make “see you in court” a real button.
You tell your story, a petty agent builds your case, emails and even makes calls on your behalf.
No lawyers. No Legal Jargon. Just action
See it in action in below thread and try it today!
@pettylawsuit Ok where do I fill out submission or who to reach out to I will spread the word I know alot of truckers in this space that get over charged by lumpers to unload trailers as well as fuel cards over charging etc.
@pettylawsuit I was at a truck stop yesterday fueling Pre paid for 100 gallons and the pump over filled my tanks 60 gallons costing me extra 200 dollars … they said there’s nothing they can do 😡 can y’all help ?
Right now I’m building out the fetch flow → the agent should be able to pull the right court form and pre-fill it for our Phase 1 MVP.
The PettyLawsuitBot (Eliza-powered) will:
intake evidence + case details
auto-generate a demand letter
prep a small claims complaint
and even send the demand letter on your behalf before the court filing
One step closer to turning lawfare into software @lessin
I built ogmeme V2 the social intelligence layer for crypto trading.
Paste any token to see sentiment, momentum, and credibility in seconds or jump into discover to catch emerging narratives and live contract mentions as they happen.
Watch the video.
RT for beta access.
Sign up: https://t.co/PPsZ3GPG5H
Been working with a few friends to help solve a serious problem with folks getting their crypto frozen at exchanges
We had some success and recently were able to get 1.9 BTC (approx $217K) unfrozen for someone.
If you have had funds frozen at exchange reach out!
This will be going live soon
Shoutout to @crjr_0 and @worldwidefargo great working with you on this new solution.
Just added on top of my short here at $107.4k.
Rising wedge on the weekly + double top + WW3 + no rate cuts + no retail.
Will no doubt be bull again in Q4. For now we print on the short. $80k.
GG fellas 🚬