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Dorsey unveils AI-driven workplace strategy after Block’s 40% cuts

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Crypto Breaking News

Block co-founder Jack Dorsey and the company’s lead independent director, Roelof Botha, have laid out a forward-looking vision in which artificial intelligence could fundamentally change how work is coordinated. In a blog post published this week, they describe a model where AI would take on the tasks typically handled by middle managers—tracking projects, flagging issues, assigning work, and sharing critical information faster than human processes allow.

The post comes on the heels of Block’s previously reported workforce restructuring, part of a broader wave of AI-driven cost-cutting across the tech sector. Block disclosed that it cut roughly 4,000 jobs in February, an action Dorsey attributed to the rapid pace of AI adoption and the need to stay competitive. In March, some of the employees who had been laid off were quietly rehired, illustrating a cautionary approach to the current wave of optimization. The blog authors emphasize that AI’s role in the new model is evolving, not yet fully realized, and that Block remains in the “early stages” of testing how an intelligence-centric structure could function in practice.

“We’re questioning the underlying assumption: that organizations have to be hierarchically organized with humans as the coordination mechanism. Instead, we intend to replace what the hierarchy does. Most companies using AI today are giving everyone a copilot, which makes the existing structure work slightly better without changing it. We’re after something different: a company built as an intelligence, or mini-AGI.”

Key takeaways

  • Block’s leadership proposes replacing traditional hierarchical management with an intelligence-driven framework that leverages AI to coordinate work and decision-making.
  • The envisioned structure redefines roles around three pillars: individual contributors, directly responsible individuals, and player-coaches who mentor while continuing to contribute technically.
  • AI would enable real-time visibility into what’s being built, what’s blocked, resource allocation, and overall product performance, potentially speeding up information flow beyond conventional managerial channels.
  • Despite the AI emphasis, human involvement remains central to strategic and ethical decisions, signaling a blended governance approach rather than a pure automation model.

From hierarchy to intelligence: Block’s strategic shift

The core idea articulated by Dorsey and Botha is a pivot away from the familiar pyramid where instructions travel up and down through layers of management. In a remote-first, machine-readable environment, AI would continuously build and maintain a live picture of organizational activity: what’s in development, what’s blocked, where resources are needed, and what outcomes are proving effective or failing. The authors describe the aim as moving beyond “copilot” enhancements to a more transformative design—an organization that operates as an intelligence rather than a traditional hierarchy.

They emphasize that the pattern could reshape corporate operation across sectors, not just within Block. The argument rests on a simple premise: information flow drives speed and adaptability. If AI can handle the coordination overhead more efficiently than humans, the bottlenecks created by layers of management could recede, enabling faster iteration and more responsive leadership decisions.

To illustrate the proposed shift, Block outlines a three-tier talent model. Individual contributors would be responsible for building and maintaining the operating systems that power the company’s workflows. Directly responsible individuals would tackle specific problems and be empowered to marshal any resources necessary to resolve them. Between these layers, player-coaches would assume manager-like duties—mentoring and supporting others—while continuing to contribute code and substantive work themselves. In this arrangement, the traditional gatekeeping function of middle management would be distributed and augmented by AI-enabled visibility and automation.

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People still in the driver’s seat

Even as AI takes on coordination tasks, Dorsey and Botha stress that human judgment remains indispensable. They acknowledge that AI can process information at a scale and speed far beyond human capability, but key business and ethical decisions will continue to require human insight. The blog notes that while AI can present a continuously updated view of operations, it cannot substitute for the values, prudence, and accountability that guide corporate governance.

This stance sits at an important crossroads for investors and workers alike. The acceleration of AI-driven restructuring has historically raised questions about job security, morale, and the long-term viability of new organizational paradigms. Block’s own experience—balancing a major layoff with later rehiring of some affected employees—illustrates a cautious, iterative approach rather than a speculative leap into a fully automated future. The authors’ framing suggests a model where AI acts as a force multiplier for human capabilities, rather than replacing people wholesale.

Why it matters for crypto-adjacent ventures

The broader crypto and fintech sectors have watched Block (the company behind the Cash App and a notable crypto-friendly stance) as a bellwether for technology-enabled financial services. If an AI-first, intelligence-driven corporate structure gains traction, it could influence how other blockchain and payments firms think about product development cycles, regulatory compliance, and governance practices. The potential impact extends to how quickly teams can respond to security risks, how product roadmaps are validated in real time, and how cross-functional collaboration is organized in a hybrid or fully remote environment.

From an investor perspective, the shift raises questions about how governance, risk controls, and performance metrics would be managed in an AI-augmented organization. Real-time visibility into development pipelines and resource allocation could improve transparency, but it also heightens sensitivity to data quality, AI oversight, and ethical considerations in automated decision-making. As with any large-scale adoption of AI in corporate governance, the outcomes will hinge on guardrails, accountability, and the ongoing calibration of human-in-the-loop processes.

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Block’s announcement aligns with a wider industry conversation about whether AI can augment, or even replace, certain managerial functions. While the blog presents a staged, experimental path toward an intelligent enterprise, observers will be watching to see whether early pilots yield tangible improvements in productivity, risk management, and employee engagement. The balance between speed and governance will be particularly telling in sectors where regulatory scrutiny and customer trust are paramount.

What to watch next

The immediate questions center on execution and governance. How quickly will Block move from a conceptual framework to concrete organizational changes? What criteria will the company use to assess the success of its AI-driven coordination model? And how will Block address potential pitfalls, such as algorithmic bias, data silos, or accountability for automated decisions?

As AI continues to redefine work patterns across the technology landscape, Block’s approach could foreshadow a broader shift in corporate design. If the model proves adaptable and beneficial, it may prompt other firms to experiment with similar intelligence-driven structures, especially in environments that prize rapid iteration and remote collaboration.

Readers should monitor Block’s forthcoming updates and pilot implementations to gauge whether the vision moves from theory to practice and how those developments influence investor confidence, employee experience, and the broader discourse around AI-enabled governance.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Trump’s ‘Stone Ages’ Threat Sends Bitcoin Below $67K

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President Donald Trump delivered his first prime-time address on the Iran war on Wednesday night. He told the nation that “core strategic objectives are nearing completion.” He then promised to escalate.

Oil was falling when Trump started talking. It was up 5% by the time he stopped — and that tells the whole story.

Markets Expected Peace. They Got ‘Stone Ages.’

“We are going to hit them extremely hard over the next two to three weeks,” Trump said. “We’re going to bring them back to the Stone Ages, where they belong.”

The speech lasted 19 minutes. It contained no new information, no timeline to end the war, and no plan to reopen the Strait of Hormuz. Markets had spent two days rallying on hopes that Trump would announce an off-ramp. Instead, he promised more bombs.

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Brent crude surged 5% to above $106 per barrel. West Texas Intermediate jumped 4.1% to $104. The S&P 500 futures fell 1.1%. European futures dropped 1.5%. Gold lost 1.4% to $4,691 per ounce. Silver fell 3%. The 10-year Treasury yield climbed to 4.36%.

Bitcoin dropped from an intraday high of $69,135 to $66,818, a 3.3% decline. Ethereum fell 2.8% to $2,084. The entire two-day relief rally in crypto evaporated in a single evening.

Asia took the hardest hit. South Korea’s KOSPI fell 3.5%, the worst performer in the region. Japan’s Nikkei lost 1.8%. Hong Kong’s Hang Seng dropped about 1%.

‘Just Take It’ — Trump Tells Allies to Secure Hormuz

Trump said the Strait of Hormuz would “open up naturally” once the war ends. He urged oil-importing nations to “build some delayed courage” and secure the waterway themselves. He did not explain how or when that might happen.

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Hours earlier, at a White House Easter lunch, Trump was more blunt. He said the US could “just take their oil,” but added that Americans lack “the patience” for it. He also named South Korea, Japan, and China directly, telling each to step up on Hormuz.

That message landed hard in Seoul. The KOSPI’s 3.5% decline reflected both energy import vulnerability and the shock of being singled out by the US president.

Trump also dropped his April 6 deadline threat to bomb Iran’s power grid. He made no mention of NATO, ground troops, or ongoing negotiations. The absence of specifics was itself a signal. Investors had hoped for clarity. They received ambiguity.

Iran Holds Firm, Toll Booth Stays Open

Iran showed no interest in backing down. Foreign Minister Abbas Araghchi said there are no direct negotiations with Washington and that Tehran’s trust in the US stands at zero. President Masoud Pezeshkian posted an open letter in English asking Americans which of their interests this war truly serves.

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Meanwhile, Iran’s parliament continues working on legislation to make its Hormuz toll system permanent. The IRGC already charges vessels up to $2 million per transit, settled in stablecoins or Chinese yuan. If codified into law, this regime would outlast any ceasefire.

That is the gap the market is now pricing in. Trump says the strait will open naturally. Iran is building a toll booth designed to last forever. Oil traders, bond traders, and crypto traders all reached the same conclusion Wednesday night: this war is not ending soon.

The post Trump’s ‘Stone Ages’ Threat Sends Bitcoin Below $67K appeared first on BeInCrypto.

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Hyperliquid price forms a bullish flag as golden cross looms, will it breakout?

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Hyperliquid price has formed a bullish flag pattern on the daily chart.

Hyperliquid price is close to confirming multiple bullish patterns as futures traders show increased interest in the token.

Summary

  • Hyperliquid price has risen up 22% over the past month, supported by rising open interest and increased futures market activity.
  • Growth in commodity perpetuals and event-based contracts, alongside rising trading volumes, has boosted token demand through increased burn mechanisms.
  • Technical setup shows a bullish flag and a potential golden cross, with upside targets near $44, while a drop below $34.8 could invalidate the bullish outlook.

According to data from crypto.news, Hyperliquid (HYPE) price was trading at $36.9, up 22% over the past month and 78% higher than its year-to-date low.

Hyperliquid price rallied as it witnessed a massive surge in real-world asset trading volumes.

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Notably, following the implementation of HIP-3, which expanded the protocol capabilities, investors can now trade decentralized perpetual contracts on commodities like gold, silver, and crude oil.

Amidst escalating tensions in the Middle East, a massive jump in volume was observed in Hyperliquid’s 24/7 crude oil perpetuals, which topped $1 billion in a single day in March.

Unlike traditional markets, Hyperliquid provides round-the-clock access to its commodity markets, making it a pressure valve for macro traders amidst geopolitical events that often unfold over the weekend.

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Furthermore, the project’s expansion into prediction markets from its introduction of event-based contracts has added another layer of utility and attracted fresh participants who can now trade on the outcome of real-world events natively alongside their futures positions.

In the last 24 hours, open interest on Hyperliquid hit over $1.61 billion. A surge in open interest suggests more active participation from traders and is a sign that the current trend has significant backing.

The HYPE token has also benefited from increased trading volumes. Trading volumes on the platform have hit a record high of over $2.4 billion.

As Hyperliquid’s Assistance Fund uses up to 97% of protocol fees to buy back and burn HYPE tokens, the latest surge has significantly increased the burn rate of tokens and hence has helped drive the asset price higher through deflationary pressure.

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On the daily chart, Hyperliquid price has formed a bullish flag pattern after a steep vertical move known as a pole, followed by a brief period of consolidation. A bullish flag is one of the most well-known bullish continuation patterns in technical analysis.

Hyperliquid price has formed a bullish flag pattern on the daily chart.
Hyperliquid price has formed a bullish flag pattern on the daily chart — April 1 | Source: crypto.news

It is also close to confirming a golden cross, which occurs when the 50-day SMA crosses over the 200-day SMA. Traders view such pattern confirmations as a major signal of long-term trend reversal and sustained buying momentum.

Hence, if a golden cross is confirmed, Hyperliquid price would likely confirm the bullish flag pattern, which would propel it toward the upside of $44, the highest point of the flag formation. A breakout above it could set the stage for a push toward new all-time highs.

On the contrary, if Hyperliquid price drops below the 200-day SMA at $34.8, the bullish thesis would be invalidated and could lead to further downside.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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Crypto Scam Leader Extradited to China to Face Charges

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Crypto Scam Leader Extradited to China to Face Charges

Li Xiong, a key member of a group that allegedly helped crypto scam rings in Asia to move money, has been extradited from Cambodia to China, where he will face fraud and money laundering charges, according to Hong Kong-based news outlet Ta Kung Wen Wei.

On April 1, with strong support from the relevant authorities in Cambodia, a task force sent by China’s Ministry of Public Security successfully escorted Li Xiong, a core key member of the Chen Zhi criminal syndicate, back to China from Phnom Penh, Cambodia,” it said on Wednesday, citing a statement from China’s Ministry of Public Security on WeChat.

Xiong previously served as chairman of Huione Group, an alleged criminal organization that served scam centers in Cambodia that carried out “pig butchering” scams and other investment schemes to steal crypto from victims around the world. 

Huione Group was responsible for one of the largest illicit online marketplaces in the world, handling over $89 billion in cryptoassets.

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Source: Jacob in Cambodia

His extradition comes three months after the arrest of Chen Zhi, the head of Prince Group, which operates Huione Group. In October, it was reported that the US Department of Justice seized 127,271 Bitcoin (BTC) worth more than $15 billion from Zhi.

Related: Hong Kong retiree loses $840K in triple ‘crypto expert’ scam

The US Treasury Department’s Financial Crimes Enforcement Network directed US banks to cut payments and accounts tied to the Huione Group in October.

Authorities ask other Huione members to surrender

Ta Kung Wen Wei noted that several other members of Zhi’s criminal syndicate have been brought to justice “one after another,” citing comments from Chinese public officials.

“Public security authorities will continue to intensify efforts to capture fugitives,” it said, adding:

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“At the same time, they once again warn criminals to recognize the situation, stop before it is too late, surrender as soon as possible, and strive for lenient treatment.”

Magazine: Banks want to run Vietnam’s crypto exchanges, Boyaa’s $70M BTC plan