Block slashed 40% of its workforce for AI — and its earnings suggest that’s paying off
“We can ship higherquality products much, much more quickly,” an executive said in the wake of the company’s betterthanexpected earnings report…
Crypto firm RedotPay says it will defend itself ‘vigorously’ against Binance lawsuit
Binance alleged RedotPay poached customers from the crypto exchange in a lawsuit filed in Hong Kong. Source：CoinDesk
Senator Warren questions US AI chip policy after Trump crypto investment: Report
The lawmaker reportedly sent a letter to the Commerce Secretary demanding answers about the administration’s treatment of the UAE following investments in the…
Figma’s push into AI agents drives an earnings beat
Figma’s AI monetization strategy is showing promise as customers grow their AIcredit consumption on the platform. Source：MarketWatch
Taxes are on the ballot this fall as Republicans and Democrats grow further apart on whether to raise them
Missouri voters rejected a bid to ditch the state’s income tax Tuesday, while big votes loom in Florida and California this fall. Source：MarketWatch
Retail investors are buying the dip on SpaceX’s stock before more shares flood the market
Retail investors were doing what they do best on Wednesday: Buying the dip in SpaceX shares aggressively, even as the company’s stock sank after it released…
SolarEdge’s stock is shedding a quarter of its value as sales woes trump AI progress
The company faces challenges in Europe, which led to a weakerthanexpected revenue forecast. Source：MarketWatch
Crypto's campaign efforts see rare loss, but crypto roster in Congress likely to grow
The leading industry PAC, Fairshake, put $2 million into a Detroit Democratic primary but came up short, even as several PACbacked candidates won elsewhere.…
Crypto-backed Michigan House incumbent loses primary despite $2M PAC support
A Midwest Democratic primary that raised accusations of payback from the cryptocurrency industry ended with the unseating of twoterm incumbent Shri Thanedar.…
Alphabet’s stock drops as Google loses another key AI executive
Jeff Dean, Google’s chief scientist and one of its company’s first employees, is leaving to launch his own company. Source：MarketWatch
5 things investors should know about the stock market’s latest rapid-fire comeback
What a difference a week makes. The S&P 500 has surged more than 6% over the past five days, its biggest gain since last year’s tariff tantrum.…
SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending
Morgan Stanley expects $64 billion in capital spending from SpaceX this year. The company is dramatically ramping up AI investments. Source：MarketWatch