Tag: Report

Jack Dorsey’s Block May Slash Up To 10% of Staff: Report

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Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring effort. As much as 10% of Block’s workforce may be affected, Bloomberg reported on Sunday, citing people familiar with the matter. The company employed just under 11,000 people as of late November, an executive reportedly said at the time. The potential layoffs come as Block reshapes its operations following a reorganization launched in 2024 aimed at improving efficiency and aligning its…

Market on Edge as Strategy Set to Report Earnings, BTC Drops Below $70,000

Key Notes Strategy stock is trading at a huge discount as sentiment remains bearish. Wall Street still maintains a Strong Buy consensus on MSTR despite short-term pressure and expected unrealized losses. Strategy outlook comes as Bitcoin price dropped to its lowest level since November 2024. Strategy Inc. stock is facing a selloff in pre-market as investors are anticipating its earnings report and Bitcoin price trading below $70,000. This outlook has raised fresh questions about the value of the company’s large BTC BTC $67 084 24h volatility: 10.2% Market cap: $1.34…

Tether Scales Back on Planned $15B Fundraising: Report

Key Notes Tether scaled back its planned $15B-$20B raise to as little as $5B. The company generated about $10B in profit last year and holds over $30B in excess reserves. Tether now holds more than $141B in US Treasury exposure and 80-116 metric tons of gold. Tether has scaled back plans for a large funding round after investors pushed back on its $500 billion valuation target. The company had previously explored raising $15 billion to $20 billion, which would have placed it among the most valuable private firms globally. Advisers…

Galaxy Digital Shares Plunge 20% Following $482M Q4 Loss Report

Key Notes Galaxy Digital’s Q4 2025 net loss of $482 million stands in stark contrast to Q3’s $505 million profit, demonstrating extreme sensitivity to market cycles. The cryptocurrency market capitalization halved from $4.4 trillion in October to $2.7 trillion by February 2026, directly pressuring the firm’s balance sheet. Galaxy’s digital asset holdings declined 22% quarter-over-quarter, while Bitcoin and Ethereum depreciated 23% and 28% respectively during Q4 2025. Galaxy Digital Inc. (Nasdaq: GLXY) shares crashed 20.65% on Tuesday, sliding to $21.32 after the crypto firm reported a staggering $482 million net…

AI Tops Family Office Investments as Crypto Lags: JPMorgan Report

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Artificial intelligence has emerged as the dominant investment theme for the world’s largest family offices, while cryptocurrencies continue to attract limited interest, according to a new report from JPMorgan Private Bank. The bank’s 2026 Global Family Office Report polled 333 single-family offices across 30 countries between May and July 2025. It shows that 65% of respondents, or 216 offices, are prioritizing artificial intelligence-related investments either now or in the future. By contrast, just 17% (56 offices) view crypto and digital assets as a key investment theme. Crypto remained largely absent…

NY Prosecutors Raise Alarm over GENIUS Act on Fraud: Report

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Several New York district attorneys have reportedly warned about the US federal stablecoin law, the GENIUS Act, claiming it fails to adequately address fraud. According to a Monday CNN report, New York Attorney General Letitia James and four district attorneys signed onto a letter saying that the GENIUS Act will “provide legal cover” for stablecoin issuers to potentially participate in fraud. The letter reportedly pointed a finger at issuers Tether and Circle, claiming that the companies have profited off crimes in stablecoin markets, specifically accusing Tether of only freezing some…

Trump Set to Name Kevin Warsh Next Fed Chair: Report

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US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a…

Cryptocurrency Crime Reaches Record $158 Billion in 2025: TRM Labs Report

Key Notes Russia-linked sanctions evasion grew over 400% year-over-year, with A7 wallets and A7A5 stablecoin processing $110 billion combined. Stablecoins became the primary channel for illicit transactions, routed through non-custodial services and OTC brokers to avoid seizure. Chinese underground banking operations expanded dramatically to $103 billion, supporting scam ecosystems and cybercriminal networks across Asia-Pacific. The cryptocurrency transactions related to criminal activities reached a record $158 billion in 2025, reversing a multi-year decline and marking the highest level in at least five years, according to the 2026 Crypto Crime Report from…

Crypto Laundering On Centralized Exchanges Declines: Report

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The use of centralized crypto exchanges for laundering illicit funds is on the decline, with Chinese-language money laundering networks now being used more than ever, according to Chainalysis. Chainalysis said in a report on Tuesday that informal service-based networks offered through Chinese-speaking channels have a wide variety of laundering-as-a-service businesses that use money mules, informal over-the-counter trade desks, and gambling platforms to mix and swap crypto. The networks emerged during the start of the COVID-19 pandemic in early 2020, and now “dominate known crypto money laundering activity.” Centralized crypto exchanges…

Report: Russia Designates Ukrainian Crypto Exchange as ‘Undesirable’ Organization

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Russia has designated Ukrainian crypto exchange WhiteBIT as an “undesirable organization,” banning its operations and criminalizing any association within the country. Allegations of Financing the Ukrainian Military The Russian Prosecutor General’s Office has reportedly designated the Ukrainian cryptocurrency exchange WhiteBIT as an “undesirable organization,” effectively outlawing its operations on Russian soil and criminalizing any association […] Source