Here’s your daily crypto headlines roundup. The Block reports that Square and Cash App parent company Block is restructuring its workforce, reducing headcount from 10,000 to 6,000 employees, even as it beat earnings expectations and continues to face crypto-related headwinds tied to its Bitcoin holdings. Meanwhile, emerging centralized exchange Soulex has officially launched its mobile app, expanding from web access to smartphones worldwide and driving market optimism, with its native token surging more than 166% this month. In market analysis, Grayscale Head of Research Zach Pandl says blockchain technology could become the financial rails for AI agents, enabling 24/7 wallet-based global transactions while helping mitigate risks like deepfakes and centralized control. Finally, American Bitcoin Corporation, the Trump-family-backed miner that debuted strongly on Nasdaq, reported a $59 million fourth-quarter loss amid a sharp industry downturn that has erased about 90% of its market value since its September peak, according to reports from Miami.
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The block is making a major workforce structure change, eliminating head count from 10,000 people to 6000.
The company behind the square and Cash App did beat earnings expectations.
Crypto also still a headwind as black holds Bitcoin on its balance sheet on March 3, so sex officially launches its mobile application expanding from web.
Access to full mobile availability and opening the door to billions of smartphone users worldwide.
Soul sex is an emerging centralized exchange with the goal to become a top tier one platform.
Since the mobile app announcement, market confidence has surged.
The Soulex token prices increased by more than 166% this month.
So sex is a fast growing exchange platform and its native token is at the core of its ecosystem.
Well, as AI rattles tech stocks, Greyscales head of research said blockchain will power intelligent agents' transactions and help offset emerging risks.
Zach Pandel argued that blockchains could become the financial rails for AI agents, enabling wallet-based 24/7 global transactions.
He also said blockchains may help address AI risks such as deep fakes and centralized control.
An American Bitcoin.
Corporation, the Trump family backed miner that rode the crypto euphoria to a blockbuster NASDAQ debut is caught in the wreckage of the industry's deepest route since 2022.
The Miami-based firm reported a $59 million loss for the fourth quarter, results that come amid a stock sell-off that's wiped out about 90% of the firm's market value since its September high, and that is the latest crypto daily download headlines.