# May 8: Coinbase Reports Second Straight Quarterly Loss, Arbitrum DAO Votes on $70M Kelp DAO Relief

Page: https://stenobird.com/podcast/daily-crypto-news-6024634/may-8-coinbase-reports-second-straight-quarterly-loss-arbitrum-dao-votes-on-70m-kelp-dao-relief
Text version: https://stenobird.com/podcast/daily-crypto-news-6024634/may-8-coinbase-reports-second-straight-quarterly-loss-arbitrum-dao-votes-on-70m-kelp-dao-relief.md
Podcast: [Daily Crypto News](https://stenobird.com/podcast/daily-crypto-news-6024634)
Published: 2026-05-08T14:09:00+00:00
Episode link: https://shows.acast.com/today-in-web-3/episodes/69fdee7c668fe6d31f508c37
Audio file: https://sphinx.acast.com/p/open/s/63e26a946b77a10011ea5094/e/69fdee7c668fe6d31f508c37/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/daily-crypto-news-6024634/episodes/may-8-coinbase-reports-second-straight-quarterly-loss-arbitrum-dao-votes-on-70m-kelp-dao-relief
Duration seconds: 674

## Resource

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.

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## Transcript

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