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Jinse Finance reported that yen stablecoin issuer JPYC has completed the first round of its Series B financing, raising approximately $12 million, led by Japanese IT solutions provider Asteria Corporation. This financing indicates that investment interest in JPYC is no longer limited to the cryptocurrency sector, as most of its supporters now come from the Japanese business community rather than the digital asset industry.

According to Odaily, after fintech company Block released a strong financial report and advanced its AI transformation strategy, analysts believe that the company's merchant payment business, Square, will be the main beneficiary of this strategic adjustment. The financial report shows that Block achieved an operating profit of $485 million in the fourth quarter, with adjusted operating profit reaching $588 million. Net profit attributable to common shareholders was $116 million, and adjusted EBITDA was $930 million. At the same time, the company raised its 2026 gross profit guidance to $12.2 billion, representing a year-on-year increase of about 18%. Block CEO Jack Dorsey recently announced that the company will cut more than 40% of its workforce, reducing the total number of employees from over 10,000 to fewer than 6,000, in order to promote a more streamlined and AI-centric operating model. Analysts believe that Block is one of the first fintech companies to fundamentally reassess its workforce structure and production efficiency. In addition, the company recently increased its holdings by 103 bitcoins, and now holds approximately 8,883 BTC, valued at about $577 million, making it the fourteenth largest corporate holder of bitcoin globally. Dorsey stated that the company rapidly expanded its workforce during the pandemic and established independent systems for both Square and Cash App, resulting in personnel redundancy. Block is currently promoting organizational integration and plans to increase gross profit per capita to over $2 million, about four times the pre-pandemic level. Analysts believe that, against the backdrop of AI-driven efficiency improvements, the Square business is expected to be the first to achieve large-scale profit growth.

This statement implies that investors holding the company's shares may not receive cash dividend returns in the short term.