MARA lost $1.7B and the stock went up

MARA reported a $1.7B loss and the stock jumped 15%. Jack Dorsey slashed 40% of Block's staff. The pivot to AI is eating crypto infrastructure alive.

Today's key developments:
• Bitcoin miner MARA posted a $1.7 billion loss... and the stock ripped 15%.
• The U.S. OCC just proposed 'GENIUS' rules that could cap stablecoin rewards.
• Magic Eden is shutting down its Bitcoin and EVM deployments to focus purely on Solana.


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