Block Inc. will cut more than 4,000 jobs, reducing its workforce by nearly 
half as CEO Jack Dorsey calls it one of the hardest decisions in the company’s 
history. Block Slashes More Than 4,000 Roles in Companywide Restructuring 
Block founder Jack Dorsey announced on Thursday, 12 minutes after markets 
closed, that it will reduce its […]

Jack Dorsey Cuts Over 4,000 Jobs as Block Shrinks Workforce Nearly in Half

The Ethereum Foundation is taking a decisive step to strengthen decentralized 
finance (DeFi) on ETH and launching a new initiative. This move signals a 
renewed strategic focus on scaling DeFi adoption, improving protocol security, 
and fostering sustainable growth across lending, trading, and on-chain 
financial services. Why Boosting Developer Support And Ecosystem Funding In a 
key development, the Ethereum Foundation is launching a renewed and more 
ambitious protocol to strengthen DeFi within the ETH ecosystem. Ethereum Daily 
has revealed on X that the initiative is being framed as a Defipunk approach, 
which is centered on building financial infrastructure that is truly 
permissionless, private, secure, and fully open-source. The goal is to enable 
anyone, anywhere, to save, borrow, hedge risk, or make payments without 
relying on big companies like banks or large corporations. Related Reading: 
Why Ethereum’s Endgame Requires Rebuilding The Base Layer Rather than focusing 
solely on incremental upgrades to existing applications, like improved 
stablecoins, the Foundation&#8217;s vision reportedly targets deeper structural 
innovation. The key areas include developing more secure price oracles, 
enhancing privacy loans to reduce unfair liquidations, and integrating 
artificial intelligence (AI) to strengthen system security. With a newly 
formed DeFi team leading the effort, the foundation is inviting developers who 
share its vision to help build a financial system that will give users full 
control and expand accessibility, not just speculators. How Inflow And Outflow 
Trends Reveal Strategic Positioning Even as ETH price action has been brutally 
down from $4,900 to below $2,000, Ethereum spot ETF flows are quietly 
signaling a shift behind the surface. The head of research at Lisk, analyst 
Leon Waidmann, stated that the ETF flow dynamics have shown that after a 
period of heavy outflow around mid-2025, the intensity of selling pressure has 
been gradually fading. Related Reading: Ethereum Caught Between Weak Bounce 
And High-Timeframe Risk – What’s Next? Meanwhile, the massive inflow waves 
that were seen in late 2024 and early 2025 have subsided, and the peak panic 
selling that followed has largely dissipated. The recent ETF flow bars are 
significantly smaller in both directions compared to the prior volatile 
period, and sellers are running out of steam. Waidmann noted that this shift 
is significant because, despite one of the sharpest ETH drawdowns in recent 
memory, the institutional exodus appears to be exhausting. While the weak hand 
that wanted out has largely exited, this means there&#8217;s no bottom. However, 
there&#8217;s still a slight outflow bias in recent weeks, indicating that there&#8217;s 
no confirmed accumulation signal yet. Waidmann emphasized that the intensity 
of the selling pressure is clearly fading, which is the first step that must 
happen before any trend reversal. In his view, participants should pay 
attention to when the selling dries up before sentiment recovers, because 
that&#8217;s usually where the next move will start to build. Featured image from 
iStock, chart from Tradingview.com

Ethereum Foundation Launches Bold New Push To Accelerate DeFi Growth

Bloomberg reported earlier this month that 10% of Block’s workforce could be 
cut during annual performance reviews as part of a broader overhaul.

Jack Dorsey’s Block to cut 4,000 jobs in AI-driven restructuring

Bitcoin bulls are chasing after $70,000 but cautious signals from the futures 
and derivatives market could explain why success remains elusive.

Bitcoin futures, options market flash caution even as BTC chases $70K

Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% 
post earnings despite strong profit guidance.
The post Jack Dorsey says Block to cut over 40% of workforce as stock surges 
25% after earnings appeared first on Crypto Briefing.

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