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Block Inc. will cut more than 4,000 jobs, reducing its workforce by nearly half as CEO Jack Dorsey calls it one of the hardest decisions in the company’s history. Block Slashes More Than 4,000 Roles in Companywide Restructuring Block founder Jack Dorsey announced on Thursday, 12 minutes after markets closed, that it will reduce its … Read more
A torrent of artificial intelligence (AI) breakthroughs, billion-dollar deals and regulatory maneuvers flooded the final week of February, sharpening Wall Street’s debate over whether AI will usher in abundance or inflate a bubble that ends in tears. From Gemini to Grok: Inside the Wildest Week in AI Yet Wall Street has rarely looked so enthralled … Read more
Daniel Oliver, founder of Myrmikan Capital, discussed in a recent interview what he believes is a decisive turning point in the gold bull market — and a brewing storm in U.S. private credit. Margin Calls and Maturity Walls: Inside Gold’s New Reality Speaking in an interview with Kitco News anchor Jeremy Szafron, Daniel Oliver contends … Read more
Metamask and Mastercard have launched the Metamask Card nationwide in the United States, including New York for the first time, introducing a metal tier and onchain cashback rewards. Mastercard Powers Metamask Card Expansion to All 50 States Mastercard and Consensys announced the general availability of the Metamask Card across the United States on Thursday, marking … Read more
Onchain investigator ZachXBT on Thursday published a detailed X thread alleging that certain employees at Axiom abused internal tools to access user wallet data and potentially engage in insider trading. ZachXBT Investigation Points to Alleged Data Misuse ZachXBT posted the thread at 8:41 a.m. EST, naming Broox Bauer, known online as @WheresBroox, and describing him … Read more
Richard Blumenthal has formally launched a Senate investigation into Binance over reports that as much as $1.7 billion in cryptocurrency transfers may have flowed through the exchange to entities linked to Iran and other sanctioned networks between 2024 and 2025. According to reporting highlighted by CoinDesk, the Connecticut Democrat is demanding detailed records from Binance … Read more
The narrative around stablecoins has shifted dramatically over the past few years. What began as a largely speculative attempt to mirror traditional dollars on blockchain networks has matured into a foundational layer of the digital asset economy. Today, stablecoins are no longer viewed merely as trading intermediaries, they are increasingly considered the most practical and … Read more
Digital payments and stablecoin issuer Circle delivered a standout fourth quarter, reporting $770 million in revenue, a 77% year-over-year increase, as adoption of its flagship stablecoin USDC continued to expand across global markets. Net income for the quarter reached $133 million, underscoring the company’s improving operating leverage despite a volatile crypto backdrop. The results reflect … Read more
The push to merge traditional finance with blockchain infrastructure is accelerating as Ondo Finance rolls out tokenized U.S. equities and ETFs on Binance Alpha. The integration introduces onchain exposure to widely traded securities for hundreds of millions of exchange users, marking one of the most significant distribution expansions for tokenized assets to date. By combining … Read more
The consolidation wave sweeping through the digital asset industry gained fresh momentum as Bitwise Asset Management confirmed the acquisition of staking infrastructure provider Chorus One. The move significantly deepens Bitwise’s onchain capabilities and positions the firm to compete more aggressively across proof-of-stake networks, yield products, and institutional crypto services. Bitwise, which oversees more than $15 … Read more