Pinterest has announced a sweeping restructuring plan that will eliminate nearly 15% of its workforce, joining a growing list of tech giants reorienting their operations around artificial intelligence. The move, detailed in a recent U.S. Securities and Exchange Commission filing, includes office space reductions and is expected to incur $35–45 million in charges, primarily in cash. This strategic shift toward “AI-powered products and capabilities” underscores a broader industry trend that is simultaneously driving innovation and fueling widespread anxiety about job displacement across the professional landscape.
about Pinterest Cuts 15% Workforce to Prioritize AI ProductsEthereum at Critical Juncture Amid Geopolitical Tensions
Ethereum (ETH) is navigating a precarious moment as geopolitical tensions inject volatility into both traditional and crypto markets. ETH, which had been holding steady above $2,500, now faces a potential breakdown from its ascending channel, with technical indicators signaling bearish momentum. A rejection at the $2,800 resistance level has opened the door for a possible retest of the $2,150 support zone. Meanwhile, Open Interest (OI) in ETH derivatives has surged to multi-year highs, suggesting a buildup of leveraged positions that could lead to a liquidation event. Traders should brace for heightened volatility, as external macro risks and technical factors converge.
about Ethereum at Critical Juncture Amid Geopolitical TensionsBitcoin Holds Steady Amid Middle East Tensions
Bitcoin’s price has remained stable around $105,000 despite geopolitical tensions in the Middle East, declining only 0.8% over the past week. On-chain analyst CryptoMe notes that key indicators like Bitcoin exchange netflow and Open Interest show no major sell-off, indicating investors are holding their positions. Exchange netflow, which measures inflows and outflows from centralized exchanges, has stayed steady, suggesting limited selling pressure. Open Interest, reflecting capital flow into Bitcoin, remains strong despite some liquidated long positions. Institutional activity on the CME also shows no significant exits. While the market appears calm for now, caution is advised if tensions escalate further. Currently, BTC is trading at $104,760, down 1% in the last 24 hours.
about Bitcoin Holds Steady Amid Middle East TensionsEthereum Price Dips Amid Geopolitical Tensions
Ethereum’s price surge toward $3,000 was abruptly halted by geopolitical tensions, leading to a 6% drop in value. On-chain data from CryptoQuant reveals a 19% decline in Ethereum Open Interest (OI) on Binance, signaling panic selling and reduced investor confidence. Analyst Amr Taha notes a parallel outflow of 7,000 BTC from Coinbase, suggesting capital may be rotating from ETH to Bitcoin. ETH currently trades at $2,546, down 4% in 24 hours, as market volatility persists.
about Ethereum Price Dips Amid Geopolitical Tensions