Kraken says its banking unit won “master account” access to the US Fed's core payment systems, making it the first crypto company that can move money like banks
‘Master account’ approval gives firm access to the same payment rail as thousands of banks and credit unions
Block says it is laying off 4,000+ of its 10,000+ employees, saying AI tools have changed “what it means to build and run a company”; XYZ jumps 15%+
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
Block reports Q4 revenue up 4% YoY to $6.25B, gross profit up 24% to $2.87B, driven by a 33% surge in Cash App, and forecasts Q1 gross profit up 22% to $2.8B
Block (XYZ.N) on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul …
Strategy reports Q4 net loss up 1,749% YoY to $12.4B, as BTC trades below the company's $76,052 average purchase price; MSTR is down ~60% over the past year
Shares of the bitcoin-stockpiling company have fallen sharply since crypto prices touched all-time highs in October
Bitcoin briefly dropped to as low as $60K on February 5, its lowest level since November 2024 and down ~50% from its October 2025 peak, as global markets fall
from Epstein to quantum to AI to the death of crypto twitter — clobbering the coins [image]@luke_metro:how low does crypto have to drop before I never have to hear about Fairshake ...
Jefferies: Tether, which said it held 116 tons of gold in September, is “the largest holder of gold outside central banks”, buying 26 tons in Q3 and 24 in Q2
Remember about a month ago, when gold hit an all-time high, lots of commentators got on their hobby horses to huff about currency debasement?
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government will “backstop” financing of its data center deals
Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments
Coinbase is joining the S&P 500, replacing Discover Financial Services in the index, effective before trading on May 19; COIN jumps 15%+
Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday.
The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30%
it's a mirage. We need real trade policies that lift up our communities, not tear them down. — www.nytimes.com/2025/05/12/b... Lindsay Beyerstein / @beyerstein : Trump removes g...
The US and China agree to a deal to lower tariffs for the next 90 days, a sign of easing tensions; the US plans to cut tariffs on Chinese goods from 145% to 30%
Deal to reduce duties for next 90 days marks the first sign of tension easing between the two economic superpowers
Mahbod Moghadam, the controversial co-founder of Genius and Everipedia, passed away in March at age 41, according to a post on Genius attributed to his family
Mahbod Moghadam, the controversial, never-boring co-founder of Genius and Everipedia, as well as an angel investor …