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Dorsey said AI-driven efficiency demands smaller teams, triggering one of the largest layoffs in Block’s history. Jack Dorsey announced that Block is reducing its workforce by nearly half, cutting more than 4,000 employees and bringing total headcount from over 10,000 to just under 6,000. In a note shared publicly on X, Dorsey described the move as “one of the hardest decisions in the history” of the company and said all employees would be notified the same day whether they are being asked to leave, entering consultation, or staying. Massive Layoffs at Block He stated that affected employees will receive 20…

Mark Karpelès, the former CEO of Mt. Gox, is calling on community support for a proposal to recover more than $5.2 billion stolen from his Bitcoin exchange more than a decade ago.On Friday, Karpelès submitted a proposal on GitHub to add a consensus rule that would allow the 79,956 Bitcoin hacked from Mt. Gox (currently sitting in a single wallet) to be moved to a recovery address without the original private key. “These coins have not moved in over 15 years. They are among the most well-known and publicly tracked UTXOs in Bitcoin’s history,” he wrote.  Source: Jameson LoppKarpelès said that…

Bitcoin’s attempt to reclaim $70,000 earlier in the week lasted about 48 hours.The largest cryptocurrency slid to $65,735 in early Asian hours on Saturday, down 3% over the past day and 2.8% on the week. Wednesday’s rally, which came within touching distance of $70,000, has now given back more than half its gains as broader risk sentiment deteriorated through Thursday and Friday’s U.S. sessions.Altcoins took a harder hit. Solana dropped 6.7%, ether fell 6.2%, dogecoin shed 5.1%, and XRP lost 4%. The losses pushed most major tokens into the red on a weekly basis, erasing the altcoin outperformance that had…

Can you insider-trade on an investigation into your own insider trading? Polymarket just turned that question from philosophical to practical.Blockchain sleuth ZachXBT published findings Thursday morning naming Axiom, a crypto trading platform, as the company whose employees he believed had used non-public information to place profitable trades.The investigation had been teased for days, and Polymarket had created a contract allowing users to bet on which company would be named, pulling in roughly $40 million in volume since Monday.The problem is that someone clearly knew the answer before it dropped.Lookonchain identified 12 wallets that bet heavily on Axiom before the reveal,…

Morgan Stanley, a Wall Street bank managing nearly $9 trillion in assets, plans to offer clients Bitcoin (BTC) custody, trading, lending, and yield-generation services.The firm is one of the largest financial institutions in the United States. In addition, the client base spans retail investors, high-net-worth individuals, and institutional players.Why it matters: Morgan Stanley’s entry into BTC services would give clients direct access to Bitcoin through a regulated, trusted institution. Furthermore, adding yield and lending products expands BTC’s utility beyond simple custody, attracting clients seeking returns on digital asset holdings. Wall Street adoption at this scale signals Bitcoin’s shift from speculation…

In brief Warren pressed OCC Comptroller Jonathan Gould to share the unredacted charter application for World Liberty Financial, citing foreign ownership and national security risks. Gould refused to delay or deny the application, saying he would process it “as we process all applications.” Warren warned Gould that approving the charter would take him “from being a cheerleader for President Trump to an accomplice in his corruption.” The nation’s top bank regulator refused Thursday to delay or deny a bank charter application from a President Trump-affiliated crypto company, even as an outspoken senator told him approving it would make him “an…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Paul Atkins, the sitting Chairman of the U.S. Securities and Exchange Commission and one of the most consequential figures in American financial regulation, has been officially confirmed as a speaker at Bitcoin 2026 — marking the first time in history that a sitting SEC Chair has been invited to the world’s largest Bitcoin conference. Appointed by President Trump in 2025, Atkins has wasted no time in reshaping the SEC’s relationship with digital assets. Under his leadership, the SEC launched “Project Crypto,” a sweeping initiative to build a clear, innovation-friendly regulatory framework for the industry — ending what many described as…

Ethereum’s latest long-term planning document has given investors a new way to assess whether the digital asset can eventually reach $10,000 by the end of this decade.The newly published “Strawmap,” introduced by Ethereum Foundation researcher Justin Drake, reads less like a conventional roadmap than a preemptive response plan.It sketches a path for Ethereum base-layer upgrades through the end of the decade, with seven forks by 2029 and five broad targets, including a faster Layer 1, much higher throughput, post-quantum security, privacy at the base layer, and a scaling architecture that keeps Layer 1 and Layer 2 moving together.In essence, Ethereum…

Wall Street firms are launching tokenized funds, stablecoins, and on-chain products, yet Bitwise’s CIO says that investors remain stuck in outdated crypto narratives. Bitwise’s Chief Investment Officer Matt Hougan believes there is a fundamental disconnect between perception and reality in the crypto market. He argued that investors often misinterpret what is truly happening because behavioral biases, particularly anchoring bias, distort their view. Anchoring bias, the tendency to fixate on the first piece of information encountered, shapes how people evaluate opportunities. This leads them to overweight initial impressions even when new evidence emerges. Hougan stated that this factor played a key…