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Block Shares Surge Nearly 8% After Hours Despite $309 Million Net Loss
- Block stock jumped 7.9% after hours after Q1 financial results.
- Adjusted EPS of $0.85 beat the $0.68 estimate.
- Block raised full-year 2026 guidance to $12.33 billion gross profit.
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CoinStats CEO Narek Gevorgyan on Building a Crypto AI Agent for Real-Time Research
- CoinStats is expanding beyond portfolio tracking into AI-powered crypto research, combining wallet data, market data, news, social sentiment, and on-chain activity.
- Narek Gevorgyan says general-purpose AI models fall short in crypto because they lack live on-chain context, real-time market data, portfolio awareness, and crypto-native reasoning.
- CoinStats is also pushing its API and MCP server to make crypto data easier for developers and AI agents to access.
Layoffs Accelerate in May 2026 as Firms Restructure Around AI
- Major firms eliminate thousands of jobs in May 2026 amid AI restructuring push.
- Layoffs span cloud, payments, ticketing, freelance, and crypto sectors.
- Cloudflare flags 600% surge in internal AI agent usage in three months.
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The Trade Desk Stock Collapses 40% YTD, Wall Street Loses Faith
- The Trade Desk stock crashed after weak Q1 earnings and soft Q2 guidance showed its growth slowdown is getting worse.
- Revenue still hit $689 million in Q1, but growth fell to 12%, far below the pace investors once expected from a premium adtech stock.
- The 85% collapse since late 2024 reflects bigger fears over Amazon competition, agency trust issues, slowing CTV momentum, and a broken valuation story.
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Treasury Sanctions Iraqi Oil Official as DOJ Probes $2.6 Billion Iran Trade Mystery
- Treasury sanctioned Iraq's Deputy Oil Minister and three Iran-backed militia leaders Thursday.
- ABC News reported DOJ and CFTC are probing $2.6 billion in suspicious oil bets.
- Trades preceded Trump announcements on strikes, ceasefires, and the Strait of Hormuz.
OpenAI’s $18 Billion Chip Financing Trouble Rattles AI Boom Narrative
- The Information reports OpenAI cannot close $18 billion tied to its Broadcom chip deal.
- OpenAI carries hundreds of billions in capex bets despite years of negative cash flow.
- Lenders grow wary of AI infrastructure deals tied to projected OpenAI revenue.
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AI in Healthcare? Pfizer, Anthropic, and Longevity Scientists Think It’s Critical
- Drugmakers, AI labs, and longevity scientists frame AI as healthcare's main accelerator.
- Pfizer is reviewing a new AI-designed molecule, CEO Albert Bourla told Bloomberg today.
- Anthropic CEO Dario Amodei says Chinese AI models trail US labs by 6-12 months.
Here’s Why Cristiano Ronaldo and Taylor Swift Lost Millions of Followers on Instagram
- Meta AI tools wipe millions of bot followers from celebrities.
- The cleanup is part of a March 2026 Meta push using AI against impersonation, scams, and fake behavior.
- Crypto promo bot networks face faster takedowns under this system.
