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PayPal surged nearly 13% after the close after reporting a $2 billion stake by Elliott Investment Management and transaction revenue of $6.27 billion, up 8% from the year earlier. “As one of PayPal’s largest investors, with an approximately $2 billion investment, Elliott strongly believes in the value proposition of PayPal,” said Jesse Cohn, managing partner […]

The post PayPal pops after-market as Elliott confirms stake, revenue, EPS beat expectations appeared first on The Block.

Robinhood announced a new round of layoffs on Tuesday.

The post Robinhood announces ‘approximately 23%’ layoffs appeared first on The Block.

MicroStrategy reported earnings on Tuesday.

The post Michael Saylor to step down as MicroStrategy CEO, shift to executive chairman role appeared first on The Block.

Synapse is the first bridge protocol to launch its own smart contract platform. Here’s why the team says the new platform is needed.

The post Why popular blockchain bridge protocol Synapse is launching its own smart contract platform appeared first on The Block.

The OSC has called out multiple crypto exchanges as unregistered to operate in the province in its most recent investor alert.

The post Ontario regulator includes crypto firms in latest consumer protection alert appeared first on The Block.

Quick Take

• Founded in 2018, TRM Labs is a blockchain intelligence company that provides various compliance and forensics services for public and private sector clients
• TRM Labs noted its key strengths as (1) asset coverage (2) cross-chain analytics and (3) data reliability
• In December 2021, TRM Labs raised $60 million (Series B round) to fuel the company’s global expansion in key markets (Europe, APAC and Latin America) and R&D efforts for maintaining product superiority
• TRM Labs’ plan for 2022 and 2023 is maintaining its aggressive growth (6.0x YoY in recent years) with an eye toward strong unit economics and cash efficiency

CoinShares reported losses for the second quarter, noting the collapse of the Terra blockchain as having a significant impact on the firm’s performance.

The post CoinShares reveals loss in second-quarter earnings driven in part by UST collapse appeared first on The Block.

Crypto research firm Messari has acquired crypto fundraising intelligence Dove Metrics of Blackrose Capital.

The post Messari acquires crypto fundraising intelligence database Dove Metrics appeared first on The Block.

Paystand, a US blockchain-enabled B2B payments firm, bought Mexican accounts payable startup Yaydoo.

The post B2B blockchain payments firm Paystand buys Mexico’s Yaydoo: Axios appeared first on The Block.

The move follows OpenSea rolling out support for Solana earlier this year.

The post Magic Eden to launch support for Ethereum NFTs in coming weeks appeared first on The Block.