Right this moment in crypto, the business’s greatest tales spanned layoffs, a key regulatory rent and markets.
Robinhood lower 10% of its workforce regardless of CEO Vlad Tenev saying the enterprise “has by no means been stronger” and the CFTC employed a former SEC crypto adviser with a blockchain forensics background. In the meantime, Bitcoin’s restoration stays tied to prospects for a US-Iran deal.
Robinhood cuts 10% of workforce as Tenev touts enterprise power
Inventory and crypto buying and selling platform Robinhood is slicing 10% of its workforce because it restructures its group, a transfer the corporate mentioned will enhance effectivity.
Tenev informed workers the corporate is decreasing 10% of its full-time workers as a part of “flattening” its org construction, in accordance to a press release on X by Robinhood on Tuesday.
In an inner memo, Tenev mentioned the corporate can not “default to working as a heavily-layered group” if it desires to scale its mission, including that Robinhood should “constantly increase” its efficiency bar.
The rationale mirrors explanations provided by main crypto corporations similar to US trade Coinbase and Jack Dorsey’s Block, which have additionally linked layoffs this 12 months to decreasing administration layers and enhancing effectivity.
Supply: Robinhood Comms
Bitcoin restoration rests on US-Iran deal as momentum stays weak
Bitcoin’s continued restoration is hinged on a profitable peace deal between the US and Iran as Swissblock reveals on-chain metrics sign the cryptocurrency stays weak regardless of its current restoration.
LVRG Analysis director Nick Ruck informed Cointelegraph that regardless of Bitcoin (BTC) reclaiming $67,000 on Monday, its “momentum stays weak, with declining quantity and stagnant on-chain metrics indicating that the restoration lacks conviction and will rapidly fade.”
Swissblock mentioned on Monday that Bitcoin’s value momentum, measuring the power of its value actions, and on-balance quantity (OBV), which measures shopping for and promoting strain, stay in a “weak momentum and participation regime.”
Value momentum and OBV stay at bear market lows. Supply: Swissblock
Ruck mentioned that if the peace deal between the US and Iran breaks down, the next geopolitical instability and potential oil shocks would see Bitcoin “face a risky path” as geopolitical catalysts “proceed to dominate crypto value motion.”
US President Donald Trump mentioned on Sunday that the US had accomplished a peace take care of Iran to finish months of battle, which is anticipated to be signed on Friday. A lot of the deal stays unknown, however Trump mentioned it might see the Strait of Hormuz reopen and the US carry its blockade.
CFTC hires SEC crypto job pressure adviser with blockchain forensics chops
The US Commodity Futures Buying and selling Fee (CFTC) has employed a brand new chief information innovation officer with deep expertise in blockchain forensics in what may very well be seen because the regulator’s transfer towards higher deal with the know-how.
In a Monday discover, CFTC Chair Michael Selig mentioned that Donald Battle, an adviser to the US Securities and Trade Fee (SEC) crypto job pressure, could be the fee’s chief information innovation officer. Battle was appointed as an SEC crypto job pressure adviser in January 2025 with the incoming Trump administration, and beforehand labored as a blockchain information adviser for the CFTC and crypto enforcement specialist with the Treasury Division’s Monetary Crimes Enforcement Community.
Selig cited Battle’s expertise in “information science, blockchain forensics, programming interfaces, and cutting-edge AI options” amongst his causes for his decide.
The appointment signaled the company shifting nearer to addressing crypto regulation and enforcement at a time when Congress is in search of to overtake the CFTC’s and SEC’s roles with a digital asset market construction invoice, the CLARITY Act.
Supply: CFTC on X.com