Coinbase CEO Reveals Plans to Hire 1000 Employees as US Gains Crypto Clarity

Monicah W

Coinbase CEO Reveals Plans to Hire 1000 Employees as US Gains Crypto Clarity

Coinbase CEO Brian Armstrong has announced plans to hire 1,000 employees in the United States in 2025, attributing the decision to recent regulatory advancements under President Donald Trump’s administration. Armstrong made the statement following the White House Crypto Summit, where he and other industry leaders met with government officials to discuss crypto regulation policies.

Coinbase CEO Brian Armstrong Announces 1,000 New U.S. Jobs

After attending the White House Crypto Summit, Coinbase CEO Brian Armstrong took to X (formerly Twitter) to reveal the company’s hiring plans. He stated that the regulatory landscape in the U.S. is improving, allowing the company to expand its workforce.

Armstrong credited the shift to President Trump’s leadership and the administration’s efforts to establish clear guidelines for crypto regulation. He emphasized that this new clarity is enabling businesses like Coinbase to strengthen their presence in the U.S. market.

Coinbase CEO added, 

“Historic day at the Whitehouse Digital Asset Summit. Thanks to Trump’s leadership, along with David Sacks, the U.S. now has a Strategic Bitcoin Reserve and emerging regulatory clarity. This is directly translating to economic growth in the U.S. For instance, Coinbase plans to hire about 1,000 employees in the U.S. this year as a result of this renewed growth.

During the White House crypto summit, Donald Trump announced plans to end Operation Chokepoint 2.0, signaling a shift toward a more supportive regulatory environment. Additionally, Trump emphasized the urgency of stablecoin legislation, aiming to establish clear regulatory guidelines before Congress adjourns for summer.

Regulatory Clarity Boosts Crypto Industry Growth

The White House Crypto Summit brought together government officials, industry leaders, and regulatory bodies to discuss the future of digital assets. The event marked a shift in the U.S. government’s stance toward the crypto industry, with an emphasis on fostering innovation.

One of the major developments discussed was the U.S. government’s decision to create a Strategic Bitcoin Reserve. Armstrong expressed his support for the initiative, stating that the U.S. government holding Bitcoin signals its recognition as a key financial asset.

A major factor influencing Coinbase CEO Brian Armstrong’s hiring announcement was the US SEC decision to drop its enforcement action against the company. With the case no longer proceeding, crypto businesses now look to Congress for regulatory clarity. Armstrong stated that this development allows Coinbase to focus on business expansion rather than ongoing legal battles.

Donald Trump Administration’s Crypto Policy

Donald Trump administration has positioned itself as an advocate for the crypto industry, with officials expressing their commitment to making the U.S. a leader in digital assets. Bo Hines, the executive director of the President’s Working Group on Digital Assets, reaffirmed the administration’s goal of establishing the U.S. as the global center for crypto innovation.

Hines stated that government agencies, including the Treasury and Commerce departments, are exploring ways to invest in Bitcoin without increasing the financial burden on taxpayers. Industry leaders, including Coinbase CEO Brian Armstrong, welcomed these policy changes.

Meanwhile, VanEck has shared budget-neutral strategies in which the U.S. government could expand its Bitcoin Reserve without taxpayer funding. 

The post Coinbase CEO Reveals Plans to Hire 1000 Employees as US Gains Crypto Clarity appeared first on CoinGape.

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Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign

Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign

Amidst increasing crypto hacks, experts caution against a newly identified malware campaign. North Korean hackers, linked to the notorious Lazarus Group, have reportedly created three shell companies, including two in the US, to spread malware targeting crypto developers.

Through phony job interviews, these scammers trick people into compromising their crypto wallets and stealing credentials, which enables further attacks on legitimate businesses.

North Korean Hackers Target Developers: Know the Crypto Hack Risks

Cybersecurity firm Silent Push recently released a warning against the increasing crypto hacks orchestrated by the notorious North Korean hackers. The Lazarus-linked group has set up three fake companies to deliver malware to the targeted victims. These companies include BlockNovas, Angeloper Agency, and SoftGlide.

Via fake interviews, these scammers send malware to crypto developers, which will help them steal credentials and attack the businesses. The cybersecurity firm stated, “These websites and a huge network of accounts on hiring / recruiting websites are being used to trick people into applying for jobs.” Further explaining the procedures involved in the hacking, the firm added,

During the job application process an error message is displayed as someone tries to record an introduction video. The solution is an easy click fix copy and paste trick, which leads to malware if the unsuspecting developer completes the process.

Fake Employees via AI

An interesting part of the North Korean hackers’ crypto hack is the use of artificial intelligence to create fake employees. The hackers use AI to generate images and profiles for fake employees for the three front companies.

In some cases, the hackers have even stolen real images of crypto developers working in prominent firms. Silent Push noted,

There are numerous fake employees and stolen images from real people being used across this network…In one of the examples, the threat actors took a real photo from a real person, and then appeared to have run it through an AI image modifier tool to create a subtly different version of that same image.

Earlier this year, crypto exchange Deribit released a similar warning against crypto job scams. The platform identified scammers attracting job seekers by impersonating prominent crypto platforms.

FBI Seizes Fake Companies to Tackle Crypto Hacks

Though the Federal Bureau of Investigation declined to comment on the two fake companies in the US, they revealed the seizure of the Blocknovas domain as part of a law enforcement action against North Korean hackers. The bureau is targeting not only the actors but also those facilitating their schemes. An FBI official described North Korean cyber operations as “one of the most advanced persistent threats” facing the US.

This development comes following Australia’s increased scrutiny over companies involved in pig butchering crypto scams. Australia’s Securities and Investments Commission has taken the initiative to shut down 95 firms that reportedly facilitate crypto hacks.

The post Crypto Hack Alert: North Korean Hackers Target Developers With New Campaign appeared first on CoinGape.

3 SUI Ecosystem Tokens To Watch in the Forth Week of April 2025

The saying “A rising tide lifts all boats” perfectly captures the current state of the crypto market, as Bitcoin’s rise has propelled altcoins higher. Among the beneficiaries are the crypto tokens within the SUI network.

BeInCrypto has analyzed three such SUI ecosystem tokens to watch this week and their potential for further gains.

Walrus (WAL)

WAL has experienced a notable 22% increase over the last 24 hours, now trading at $0.504. This surge is a result of heightened market volatility throughout the month.

WAL is attempting to break through the $0.505 barrier for the second time this month. If successful, it could continue its bullish momentum.

If WAL manages to break and sustain above $0.505, it could push toward the $0.547 resistance level. However, for a continued rise, investor confidence and stable market conditions will be crucial. A sustained rise beyond $0.547 could propel the SUI ecosystem token toward $0.600, further supporting bullish sentiment for the token.

WAL Price Analysis.
WAL Price Analysis. Source: TradingView

However, if WAL fails to breach $0.505, it may fall back to $0.447. This would challenge the altcoin’s recent momentum and could potentially invalidate the bullish outlook. If the decline continues and the price slips below $0.447, WAL could drop further to $0.389, marking a significant setback.

DeepBook (DEEP)

DEEP has seen impressive growth, skyrocketing by 116% over the last 24 hours, now trading at $0.194. This surge makes DEEP the best-performing token in the SUI ecosystem. The altcoin is showing strong potential, targeting a break above $0.230 in the near future, suggesting a bullish outlook.

If DEEP successfully breaches $0.230, it would mark a two-and-a-half-month high, further solidifying its upward momentum. The altcoin could test $0.170 as support before pushing toward $0.304. This would indicate a sustained rally, with continued bullish sentiment and the potential to unlock further growth within the SUI ecosystem.

DEEP Price Analysis
DEEP Price Analysis. Source: TradingView

However, if market sentiment shifts and investors decide to take profits, DEEP could lose its support at $0.170. A drop below this level would open the door for a decline to $0.128. This would invalidate the current bullish thesis, potentially signaling the end of the rally and a substantial setback for the token.

Cetus Protocol (CETUS)

CETUS price surged by 38% over the past 24 hours, reaching a two-and-a-half-month high of $0.142. This substantial rise indicates strong momentum for the altcoin. At this point, CETUS aims to hold above $0.142, establishing it as a reliable support level for potential further gains.

The next major resistance level for CETUS is $0.150, a crucial barrier for the altcoin’s continued upward trajectory. Successfully breaking this resistance will solidify the SUI ecosystem token’s bullish outlook and help the token secure its recent gains. Positive market sentiment and sustained demand will play key roles in this potential breakout.

CETUS Price Analysis.
CETUS Price Analysis. Source: TradingView

However, if CETUS fails to maintain the $0.142 support level, the altcoin could face a decline toward $0.131. Further losses may push the price down to $0.120, invalidating the current bullish scenario.

The post 3 SUI Ecosystem Tokens To Watch in the Forth Week of April 2025 appeared first on BeInCrypto.

Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation 

The post Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation  appeared first on Coinpedia Fintech News

Trump Media & Technology Group (TMTG), the company behind Truth Social, is calling on US regulators to take a closer look at what it claims is suspicious trading activity involving its DJT stock. In a public letter to the SEC’s acting chairman, the company alleged that a UK-based firm, Qube, may be shorting DJT stock without properly disclosing its positions. TMTG believes this kind of trading could be damaging to its stock and wants regulators to step in. 

What Exactly Is Trump Media Accusing Qube Of?

According to TMTG, Qube disclosed in Germany that it held a short position of six million DJT shares, worth over $100 million. But the issue, as Trump Media sees it, is that Qube didn’t make the same kind of disclosure to US regulators or in other major jurisdictions. The firm also claims Qube’s position has since nearly doubled to 11 million shares. If true, this would mean Qube is betting heavily against the stock, and without full transparency, raising concerns of potential market manipulation.

Large-scale short selling, especially without disclosure, can put serious downward pressure on a stock. Trump Media believes this may be playing a role in the poor performance of DJT stock, which has dropped 35% this year.

Stock Under Pressure, But Bigger Problems Remain

While the short-selling concerns are getting attention, they come at a time when TMTG is already facing bigger issues. The company is struggling financially, closing last year with less than $4 million in revenue while racking up over $400 million in losses. The stock’s fall isn’t just about short sellers, but it also reflects the company’s deeper challenges, including ongoing investigations around possible misuse of its Truth Social platform.

Despite the financial struggles, Trump Media continues to push into the crypto space. It recently partnered with Crypto.com for a future ETF project and received a boost in attention after market maker DWF Labs invested $25 million in World Liberty Financial, a DeFi platform linked to the Trump brand.

Bottom Line

While TMTG’s claims about Qube raise fair questions, it’s likely just one part of the bigger picture. The company is under heavy pressure from investors, regulators, and the market itself. Whether the SEC acts on this request or not, Trump Media will still need to prove it can build a sustainable business, both in tech and now in crypto.

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The post Trump Media Demands SEC Probe into Alleged DJT Stock Manipulation  appeared first on Coinpedia Fintech News
Trump Media & Technology Group (TMTG), the company behind Truth Social, is calling on US regulators to take a closer look at what it claims is suspicious trading activity involving its DJT stock. In a public letter to the SEC’s acting chairman, the company alleged that a UK-based firm, Qube, may be shorting DJT stock …