Episode
May 8: Coinbase Reports Second Straight Quarterly Loss, Arbitrum DAO Votes on $70M Kelp DAO Relief
- Podcast
- Daily Crypto News
- Published
- May 8, 2026
- Duration seconds
- 674
- Processing state
not_requested
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Summary
Bitcoin dips below $80K on U.S.-Iran tensions and oil spike, while Coinbase reports its second straight quarterly loss and announces 14% workforce cuts. Arbitrum DAO votes to unlock $70M for Kelp DAO exploit relief, Solv Protocol migrates $700M tokenized Bitcoin to Chainlink, and 21Shares launches the first Canton Network ETF. Australia ramps up crypto supervision, Elizabeth Warren questions Meta’s stablecoin plans, and TON achieves record 0.6-second finality. Markets are cautious with focus on geopolitical risks, institutional earnings, and regulatory progress. Hosted on Acast. See acast.com/privacy for more information.