Block’s Bitcoin revenue stagnates in Q3, shares drop 12% on revenue miss
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi operations to shift money into its Bitcoin mining and wallet businesses.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Block missed its revenue estimates for Q3 and said it is “winding down” its DeFi operations to shift money into its Bitcoin mining and wallet businesses.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
CoinShares BTF Liquidation Sets Cash Payout And Earlier Options Expiry
TL;DR: CoinShares’ Bitcoin and Ether ETF has reached cash settlement. An OCC notice confirms the payout and brings later-dated BTF...
Grayscale Tracks 580% Crypto Winner Targeting AI Computing Revenue
Grayscale is highlighting three crypto projects addressing artificial intelligence (AI) training data, hardware financing, and com...
NIP Group Signs Bitcoin Miner Purchase To Add 4.47 Exahash Of Capacity
TL;DR: NIP Group has agreed to purchase already deployed Bitcoin mining machines with about 4.47 EH/s of hash rate, subject to clo...
China Targets 2030 to Complete National Blockchain Network
As part of a 15-year plan outlined by the Central Cyberspace Affairs Commission, China’s national blockchain network is expected t...
Solayer Pay Adds Five Blockchain Networks For Direct Stablecoin Card Deposits
TL;DR: Solayer Pay says its card app now accepts supported stablecoin deposits from Solana, Ethereum, Arbitrum, BNB Chain and Base...
Netanyahu Says He Requested Blockchain Plan for Potential Banking Sanctions
The Israeli premier called blockchain one of several alternatives as Britain threatens action against businesses supporting settle...