Bitcoin fell 0.2% to $79,714, trading below the psychologically important $80,000 threshold as Coinbase Research notes the cryptocurrency broke above the short-term holder cost basis this week. Analysts say investors seeking break-even exits are getting their opportunity, while incoming money reflects more optimistic bets. Traders appear to be reducing hedges and increasing bullish exposure, suggesting potential stabilization in the crypto market.

Canadian telecom provider Telus faces mounting competitive pressure similar to BCE and Rogers, with Scotiabank reporting elevated churn rates causing net loading to miss estimates despite gross loading exceeding expectations. Analyst Maher Yaghi emphasizes controlling churn will be critical for stabilizing future wireless operational results, highlighting the increasingly challenging environment for telecom providers in the Canadian market.

Cloudflare implemented a significant 20% workforce reduction, demonstrating a serious commitment to replacing employee functions with AI that will materially improve profitability. The cybersecurity firm has increased AI coding tool usage by 600% over three months, with analysts dismissing the cuts as merely a "performative AI stunt." These changes accelerate Cloudflare's profitability profile, with annual revenue growth plus EBITDA margin exceeding 50%, though the stock still slid 23% despite better-than-expected first-quarter results.