Coinbase will focus its investments in three key areas in 2026: Building a Comprehensive Trading Platform, Expanding Stablecoins and Payments, and Onboarding the World onto the Blockchain

May 6 (Monday) — Per Bitget market data, European stocks opened higher: the UK’s FTSE 100 Index and Germany’s DAX 30 Index rose more than 1%, France’s CAC 40 Index gained 0.8%, and the Euro Stoxx 50 Index was up 0.8%.

On May 6, Morgan Stanley said it’s raising its price target on AMD (AMD.O) from $360 to $410.

May 6 – Per Bitget market data, South Korea’s KOSPI index closed 447.57 points higher on Wednesday, May 6, posting a 6.45% gain to hit 7,384.56 points. The index notched a new all-time closing high.

On May 6, per Onchainlens monitoring, a crypto whale withdrew another 9,288 ETH from a centralized exchange (CEX)—valued at roughly $21.94 million. The whale now holds a total of 27,098 ETH, worth approximately $64 million.

May 6 — Multiple sources report that China’s largest state-owned semiconductor investment vehicle, the National Integrated Circuit Industry Investment Fund (known as the “Big Fund”), is in negotiations to lead DeepSeek’s first external financing round. If the round closes, the cutting-edge AI lab’s valuation will hit roughly $45 billion.

May 6th Several crypto and payment firms have announced large-scale layoffs under the guise of embracing artificial intelligence, drawing widespread skepticism from investors and analysts over "AI washing." Since Block cut 50% of its staff in February, companies including Gemini, Coinbase and PayPal have followed suit. Coinbase CEO Brian Armstrong said, "The biggest risk right now is inaction," as the firm proactively reorganizes to build a "lean, fast, AI-native" organization. PayPal aims to save $1.5 billion over two to three years via AI transformation and will lay off 20% of its workforce. 0G Labs— which develops blockchain systems for AI agents—also cut 25% of its employees in late April. Market observers note Bitcoin has fallen roughly a third from its October 2023 peak, with low trading volumes, intensified payment industry competition and firms grappling with unique challenges (e.g., Block’s overhiring during the boom and PayPal’s new CEO pushing transformation). It’s t