@Block CEO Jack Dorsey announces support for stablecoins due to customer demand, despite being a long-time Bitcoin advocate. The shift reflects market trends as stablecoin usage surges. #Update #Crypto $BTC
@MARA Holdings jumps 16% to $9.80 after partnering with Starwood Capital for AI data centers, while @Block rises 20% post-40% workforce cut; @CoreWeave falls 12% despite revenue beat. $BTC remains flat at $67,963.04. #Update #Crypto $BTC
@Block is reducing its workforce to 6,000 from over 10,000 amid concerns of stablecoin fee compression impacting traditional payment models. Shares rose over 23% post-announcement. #Update #Crypto $BTC
@BlockInc may cut up to 10% of its workforce amid a business overhaul, affecting hundreds of employees. Fourth-quarter earnings are expected at $403 million. #Update #Crypto $BTC
@Square launches tools for small businesses to accept $BTC payments, including a native wallet and automatic conversions. First-year processing fees waived; rollout begins November 10. #Update #Crypto $BTC
@jack’s fintech firm Block is enhancing its Bitkey wallet with transaction verification, fingerprint reset, and private purchasing features soon. #Update #Crypto $BTC (+4) ↗
@Block settles with New York Department of Financial Services for $40M over Cash App’s alleged BSA/AML compliance issues, requiring an independent monitor. #Breaking #Legal @Block (-8) ↘
VanEck’s Matthew Sigel claims S&P Global excluded crypto firms like @coinbase, @MicroStrategy, and @RobinhoodApp from the S&P 500 update despite meeting criteria, citing business model concerns. #Update #Crypto $COIN (-3) ↘
