Crypto firms cut hundreds of jobs in weeks, blaming weak markets, strong AI
A wave of crypto job cuts in early 2026 exposes the gap between two convenient narratives: macro headwinds and AI transformation.
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A wave of crypto job cuts in early 2026 exposes the gap between two convenient narratives: macro headwinds and AI transformation.
Friday morning’s jobs report is one of the last pieces of key economic data the Fed will see prior to its mid-December interest-rate decision.
The October employment numbers are among the last pieces of economic data the Fed will see prior to its policy setting meeting next week.
The U.S. jobs report for September was released Friday morning (Unsplash)
Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says Kelsey McGuire, cgo, Shardeum.
The U.S. released August jobs numbers Friday morning (Ernie Journeys/Unsplash)
The U.S. central bank has indicated it will cut rates at its mid-September meeting, but the size of the move is up for debate.
A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin.
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.