Coinbase, a leading US-based cryptocurrency exchange, has announced a scheduled system upgrade for Saturday, May 23, which is expected to last approximately 30 minutes. During this period, trading will remain unaffected, but users may experience delays in order status updates across all markets. The company has assured users that updates will be provided throughout the maintenance process. This announcement follows recent disruptions, including a service slowdown earlier this month due to an AWS overheating issue, which Coinbase quickly addressed. Additionally, the exchange has been in the spotlight for cutting its global workforce by 14%, a move attributed to market volatility and the rapid advancement of AI, according to CEO Brian Armstrong. In other developments, Coinbase has become the official treasury deployer of USDC under Hyperliquid's Aligned Quote Asset framework, enhancing its role in the decentralized derivatives ecosystem. The exchange has also delisted several non-USD trading pairs, impacting the price of Internet Computer, which saw a decline to around $2.50.