Jack Dorsey Says AI Models’ Progress, Push Toward Functionalization Spurred Block’s Mega Job Cuts – Stock Surges 23% After-Hours
Block, Inc. (NYSE:XYZ) CEO Jack Dorsey said Thursday that advancements in artificial intelligence models and efforts to streamline operations drove the company’s choice to lay off nearly half its workforce. Push Toward ‘Functionalization During the company’s fourth-quarter earnings call, Dorsey was probed about the timing and rationale behind the neary 40%...
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Bitcoin’s Price Is Down 50% — Yet Adoption Has Never Been Stronger
The price of Bitcoin has been cut in half since hitting its all-time high. That much is hard to ignore. But according to a new report from financial services firm River, the price chart is telling only part of the story. Underneath the surface, Bitcoin adoption across institutions, governments,...
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SBI Holdings, Startale Group to issue first trust-based yen stablecoin JPYSC under Japan’s framework
Japan’s regulatory framework for stablecoins could enhance its digital finance sector, challenging dollar dominance and fostering global blockchain integration. The post SBI Holdings, Startale Group to issue first trust-based yen stablecoin JPYSC under Japan’s framework appeared first on Crypto Briefing....
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Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics
While Jack Dorsey cites AI-enabled productivity gains as the reason for Block’s cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech acquirers have relied on for years....
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World Liberty Financial ties voting power to staking as USD1 supply tops $4.7 Billion
The proposal redirects stablecoin arbitrage from institutional market makers to large token holders and links voting rights to capital commitment....
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Ether could stay ‘subdued’ in the weeks ahead: Analyst
Swyftx lead analyst Pav Hundal says near-term uncertainty has already been priced into Ether, and without any surprise catalysts, it will likely trade sideways for now....
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Bitcoin Stabilizes At $68K as Fund Flow Ratios Signal An Institutional Standstill
Bitcoin is currently testing the $69,000 level as resistance after rebounding from the $64,000 zone, attempting to recover from its recent corrective phase. While the short-term momentum appears constructive, broader market conditions suggest that conviction remains limited. The move higher is unfolding in an environment characterized by reduced participation...
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Elizabeth Warren Says Trump’s Banking Regulator Looking Into His Family’s Crypto Bank Application: ‘The Public Deserves Transparency’
Sen. Elizabeth Warren (D-Mass.) pressed for details in a Senate hearing Thursday on the Trump family’s application to establish a stablecoin bank linked to their World Liberty Financial (CRYPTO: WLFI) platform. Warren Demands Transparency On WLFI Warren grilled Comptroller of the Currency Jonathan Gould on whether regulators obeyed the law on...
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Bitcoin Demand Growing For First Time Since November, Data Shows
On-chain data shows spot demand for Bitcoin is returning as the Apparent Demand metric has started to grow for the first time since late November. Bitcoin Apparent Demand Has Seen Its 30-Day Sum Turn Green In a new post on X, CryptoQuant head of research Julio Moreno has discussed...
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Bitcoin, Ethereum, XRP, Dogecoin Retreat As Nvidia Drags Down Tech Stocks: Analyst Highlights Historical ‘Sweet Spot’ Where BTC Bottomed
Leading cryptocurrencies cooled down on Thursday amid uncertainty over potential market bottoms. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 8:25 p.m. ET) Bitcoin (CRYPTO: BTC) -2.13% $67,060.77 Ethereum (CRYPTO: ETH) -2.60% $2,007.51 XRP (CRYPTO: XRP) -2.40% $1.40 Solana (CRYPTO: SOL) -3.97% $85.44 Dogecoin (CRYPTO: DOGE) ...
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