
Block Cuts 4,000 Jobs as AI Replaces Staff
Block announced a 50% workforce reduction driven by AI automation. The payments and crypto company will operate with roughly 6,000 employees after cutting more than 4,000 staff.
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Block announced a 50% workforce reduction driven by AI automation. The payments and crypto company will operate with roughly 6,000 employees after cutting more than 4,000 staff.

Coins.ph's new Bitcoin savings program for college and vocational students locks deposits for four years, matches contributions up to $1.70 annually, and blocks all trading until completion.

Four companies including Revolut have entered the UK Financial Conduct Authority's stablecoin sandbox as regulators prepare to launch a full regulatory regime. Sterling-based stablecoins sit under ₱287.7 million ($5 million) in value compared to over ₱17.66 trillion ($307 billion) in dollar stablecoins.

While most corporate treasurers remained inactive, Strategy deployed ₱2.25 billion ($39 million) in Bitcoin purchases last week. Three micro-cap companies added just $305,000 combined during the same period, with two purchases falling under $20,000 each.

Stripe is exploring an acquisition of PayPal that would merge the company's Bridge stablecoin infrastructure with PayPal's PYUSD consumer products, according to Bloomberg.