Traditional Finance Alert: VIX Has Risen Over 3%

Grayscale: As AI impacts tech stocks, blockchain may become a long-term beneficiary

Grayscale believes that blockchain and artificial intelligence are complementary rather than competitive. Although recent volatility in tech stocks has put pressure on the crypto market, the characteristics of blockchain make it a vital infrastructure for the AI economy. At the same time, blockchain can help mitigate risks associated with AI, but AI may also pose new challenges to crypto networks.

Circle stock price hits $90, analysts optimistic about diversified growth in stablecoin business

Circle's stock price rose due to better-than-expected Q4 performance, surpassing $90 at its peak. Analysts remain optimistic about its growth potential, believing that Circle is performing well in infrastructure expansion and new product development, and expect revenue diversification to enhance overall profitability.

Block layoffs approximately 40%, Jack Dorsey advances AI-first strategy

Fintech company Block plans to lay off nearly 4,000 employees, reducing the total workforce to less than 6,000. Co-founder Jack Dorsey stated that this move aims to promote a flatter and AI-centric organizational structure. Despite strong financials, the restructuring is a necessary measure to adapt to the AI revolution. Affected employees will receive compensation, and Block's stock price rose over 20% after the layoffs.

Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs

Block Inc plans to cut over 4,000 jobs, reducing its workforce by more than 40% to better align with its strategic priorities. The restructuring is expected to incur up to $500 million in costs, primarily in severance and share-based compensation.

Morgan Stanley 'Absolutely' Plans to Offer Bitcoin Custody, Trading, Yield and Lending: Exec

In brief Morgan Stanley plans to build proprietary Bitcoin custody and trading services for clients. Yield and lending services are also under exploration as part of the crypto roadmap. The bank recently filed to launch Bitcoin, Ethereum, and Solana funds. Wall Street giant Morgan Stanle

U.S. stocks close, Nasdaq drops over 1%, Nvidia plunges more than 5%

ChainCatcher News, according to Gate Market Data, U.S. stocks closed on Thursday with the Dow slightly up, the S&P 500 down 0.5%, and the Nasdaq Composite down 1.18%. Nvidia (NVDA.O) closed down 5.5% after earnings, AMD (AMD.O) and Intel (INTC.O) both fell 3%. The Nasdaq China Golden Dragon Index closed down 1.78%, Alibaba (BABA.N) fell 2.7%, and Baidu (BIDU.O) dropped 5.6%.