Coinbase is cutting 14% of its workforce (about 700 roles) to manage costs and adapt to AI disruption and volatile crypto markets. It is reducing management layers, adopting Chainlink's CCIP protocol for cross-chain security, and expanding stablecoin infrastructure. Executives anticipate new U.S. crypto regulations could boost trading, derivatives, and tokenized assets. The stock fell 3.8% amid a broader crypto market decline.