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Block’s Square unit stands to gain most from Dorsey’s AI pivot, analysts say

Block’s Square unit stands to gain most from Dorsey’s AI pivot, analysts say

Block reported impressive financial results and guidance, illustrating building financial momentum, according to William Blair.

The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more

The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Morning Minute: Jack Dorsey Slashes 40% of Block's Jobs Due to AI

Morning Minute: Jack Dorsey Slashes 40% of Block's Jobs Due to AI

Citrini warned everyone that these AI layoffs were coming, and it seems Jack Dorsey took their warning to heart and chose to act first.

ZKsync sets May 4 deprecation date for Lite as project consolidates around Era

ZKsync sets May 4 deprecation date for Lite as project consolidates around Era

ZKsync said it will deprecate ZKsync Lite on May 4, freezing the network and shifting focus to Era and ZK Stack.

AI tool catches critical XRP Ledger bug that could have drained wallets

AI tool catches critical XRP Ledger bug that could have drained wallets

The vulnerability in the Batch amendment's signature validation was found during the voting phase and never reached mainnet, but the exploit path was severe enough that validators were immediately tol...

TeraWulf posts higher revenue, wider loss in 2025 as AI, HPC pivot accelerates

TeraWulf posts higher revenue, wider loss in 2025 as AI, HPC pivot accelerates

Nasdaq-listed TeraWulf said its total revenue reached $168.5 million in 2025, up 20.3% from the prior year.

Meta’s AI Floods Child Abuse Investigators With 'Junk' Tips, Law Enforcement Officials Claim

Meta’s AI Floods Child Abuse Investigators With 'Junk' Tips, Law Enforcement Officials Claim

ICAC officers say AI-generated reports are overwhelming investigators and slowing down cases as Meta disputes the claims.

Block Inc slashes 40% of its staff as Jack Dorsey pushes ‘smaller, flatter’ AI strategy

Block Inc slashes 40% of its staff as Jack Dorsey pushes ‘smaller, flatter’ AI strategy

Block is reducing its staff from over 10,000 people to just under 6,000, Dorsey said in a note to the company.

Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio

The real estate investment mogul said his firm, Cardone Capital, is exploring blockchain-based tokens for property holdings as tokenization gains traction.

AI rout hits software stocks, but Grayscale says blockchains stand to benefit

AI rout hits software stocks, but Grayscale says blockchains stand to benefit

As AI rattles tech stocks, Grayscale's head of research said blockchains will power intelligent agents’ transactions and help offset emerging risks.

Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally

Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally

The violent move had more to do with hedge funds' overcrowded bearish positioning getting wiped out than the company’s financial performance, one analyst pointed out.

Flare and Xaman unlock one-click DeFi access for over 2 billion XRP sitting idle in wallets

Flare and Xaman unlock one-click DeFi access for over 2 billion XRP sitting idle in wallets

The integration lets XRP holders deposit into yield-generating vaults through a single transaction without leaving their existing wallet or bridging assets manually.