I'M SORRY BUT NOBODY IS TALKING ABOUT WHAT BITCOIN JUST DID.
Multi-year Cup and Handle. Complete.
Breakout. DONE.
Perfect retest. DONE.
Structure confirmed. DONE.
This pattern took years to build.
And nobody noticed.
Cup and Handle breakouts don't move 20%.
They move hundreds of percent.
The retest just finished.
The launch is next.
$220K is the minimum target.
Most people will only find out after it happens.
@lady_valor_07 This is a fake post it never happened. I saw somebody else trying to get engagement on their profile with a very, very similar picture and story.
We went to a dinner as a group and had a $500 bill. We tipped $40. We were happy we can be able to give our server something, but her reaction was the opposite. She told us she assumed we're going to give her at least $120. When we asked for the manager, she said she was just joking, but she wasn't smiling at all. Idk, but is $40 tip enough for $500 bill? I just feel like expecting $120 is not realistic.
~Lea Robertson
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
Kaleb and I went out for dinner last night and I left a $20 tip on a $125 bill. The waiter didn't take it well and told us we shouldn't be going out to eat if we can't afford to tip at least 50. Now we're wondering if $20 isn't really enough.
@BigDogMom2022@Hania16836 15 % is the minimum. It used to be 10% and 15% for an exceptional service & experience but 10% minimum in the 60s & 70s. In the 80s it for some unknown reason changed to 15% & 20%. Since menus go up in price, a 15% tip is greater than what is was even a year ago. Quit whining.
@WETv2b4@Hania16836 Not all states use the less than $3/hr pay bullshit. In several states minimum wage is mandated for servers. Servers in these states use the low $2.15/hr elsewhere to benefit themselves despite receiving higher hourly wages.
@Hania16836 Let me explain the part NOBODY states.. in 2003 15% was advised by every major news source. In 2003, waiters earn 2.15$ PER hour.
2026, waiters still earn less than $3 PER hour. Mostly still 2.15$.
Can YOU survive off that w/o tips?
If you can, you must be special.
Now disappear
@UziCryptoo Need to get a significant other who doubles the income and reduces the burden on fixed costs. A one bedroom is the same price for 1 person as it is for 2 etc.
In my area, In-N-Out and Chipotle are hiring around $20/hour for new workers.
Let’s say you even land full-time at 40 hours/week: $20/hour = $800/week
That’s $3,467/month before taxes.
After just 12% in federal taxes, you’re left with about $3,051/month take-home.
Now here’s the reality: Average one-bedroom apartment is around $2,000/month.
So even working full-time in fast food, 65% of your income disappears to rent alone.
That leaves you with about $1,050/month for:
• food
• transportation
• insurance
• phone
• savings
• emergencies
This isn’t a “budgeting problem.”
This is a cost of living crisis.
Working full time should never mean barely surviving.
Ultimate suite reveal on Royal Caribbean for the family! It's only $42K for 7 nights! If you have $42K to spend on a vacation, would you Royal Caribbean? It's true that money can buy happiness! 🤣🤣🤣
I voted for President Trump three times, and I’d gladly do so again.
That said, I have a sincere, question about something I’m genuinely trying to understand.
If the U.S. is energy independent, why are gas prices spiking again? They are getting close to the highs we saw under Biden?
I know tensions with Iran are playing a role right now, but I thought energy independence was supposed to shield us from these kinds of swings.
Can someone explain what’s driving this? I’m not here to criticize Trump, just looking for a clear explanation. Thanks.
Post Malone has cancelled the first three weeks of his tour:
“I promised y'all beautiful people new music, and I don't have the time to finish it before tour starts. We ain't ready for tour just yet, so I'm making the decision to push the tour back about 3 weeks to get this music done.”
I want to see Noah Kahan more than anything but this is absolutely fucking ridiculous. Going to concerts shouldn’t only be for the wealthy. Who is spending $570-950 on nosebleeds. Who comes up with these prices. Gas is pushing $6 a gallon and nose bleed concert tickets are $600+ a piece. Fuck off