Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin Updates: Jack Dorsey's Ambitious Bitcoin Plans Met with Doubt Amid Block's Declining Profits

Bitcoin Updates: Jack Dorsey's Ambitious Bitcoin Plans Met with Doubt Amid Block's Declining Profits

Bitget-RWA2025/11/13 22:22
By:Bitget-RWA

- Block's Square platform enables 4M+ merchants to accept Bitcoin via Lightning Network with zero fees until 2027, aiming to normalize crypto payments. - Dorsey's Bitcoin strategy includes BitKey wallets and Cash App integration, but Q3 earnings fell short, prompting a 11% stock drop and revised price targets. - Competitors like Exodus pivot to stablecoin payments (e.g., Grateful acquisition), while regulators debate $20K stablecoin transaction caps. - Despite Bitcoin's 1.7% 24-hour surge, 80% of users dou

Jack Dorsey's

Inc. has broadened acceptance by allowing 4 million merchants worldwide to process Bitcoin transactions through its Square Bitcoin platform, . Launched in October, this feature , aiming to weave Bitcoin into daily business operations. Merchants are now able to automatically convert a share of their daily card revenue into Bitcoin, as a move toward making Bitcoin “everyday money.”
Bitcoin Updates: Jack Dorsey's Ambitious Bitcoin Plans Met with Doubt Amid Block's Declining Profits image 0
This effort supports Block’s larger goal of enhancing financial options for small businesses, along with his push for a tax exemption on minor crypto transactions.

This rollout builds on Block’s established Bitcoin infrastructure,

and crypto trading via Cash App. At the same time, rivals such as Exodus Movement are shifting their focus to stablecoin payments. in Q3 2025, fueled by its acquisition of Grateful, a stablecoin checkout service preparing to launch in Argentina and Uruguay. CEO J.P. Richardson highlighted the transition from crypto wallets to a more comprehensive financial ecosystem, and consumer purchases.

Nevertheless, Block’s financial results have come under scrutiny.

, causing its stock to fall 11% after the announcement. Despite an 18% increase in gross profit to $2.66 billion, and higher administrative expenses. Piper Sandler lowered its price target for Block (NYSE: XYZ) to $55, and only slight gains in Cash App users. In spite of these headwinds, Block raised its full-year gross profit outlook to $10.24 billion, reflecting optimism in its Bitcoin and hardware initiatives.

The wider cryptocurrency market continues to experience volatility.

to $105,456 following Block’s news, boosting market sentiment. Meanwhile, Exodus’s move into stablecoins highlights the rising appetite for fiat-backed digital currencies, among payment providers. The Bank of England’s proposed $20,000 cap on stablecoin holdings for retail users signals increased regulatory attention, though firms like Rumble and Bybit are still expanding their stablecoin offerings.

Dorsey’s vision for Bitcoin faces obstacles,

. A recent survey found that 80% of participants do not consider Lightning to be “real BTC,” underscoring the hurdles to mainstream acceptance. Still, and plans to distribute Bitcoin dividends, Block remains steadfast in its crypto-centric approach. As the industry awaits clearer regulatory and technical guidance, the competition to shape the future of digital payments continues.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mastercard is Transforming Financial Identity Through Blockchain Privacy Initiatives

- Mastercard partners with Humanity Protocol to launch a ZKP-based financial verification system, enabling users to prove income or loan eligibility without sharing sensitive documents. - The system combines Mastercard's open finance APIs with blockchain-stored cryptographic proofs, allowing portable Human IDs for secure, privacy-preserving credit and DeFi access. - Applications span real-time bank approvals and DeFi risk reduction, with Humanity Protocol's token (H) central to tokenized asset markets afte

Bitget-RWA2025/11/14 02:08
Mastercard is Transforming Financial Identity Through Blockchain Privacy Initiatives

Ethereum Updates Today: ARK's Move Toward Ethereum Reflects Growing Institutional Adoption of Crypto Assets for Treasury Management

- ARK Invest sold $31.94M Tesla shares, redirecting capital to BitMine's Ethereum treasury strategy via three ETFs. - BitMine's 2.9% ETH stake and $2.1B unrealized losses highlight crypto treasury risks amid aggressive ETH accumulation. - ARK diversified into crypto exchanges and biotech , signaling institutional confidence in digital assets despite market volatility. - Ethereum's $3,500 price and staking partnerships demonstrate crypto treasuries' potential to bridge traditional/decentralized finance.

Bitget-RWA2025/11/14 02:08
Ethereum Updates Today: ARK's Move Toward Ethereum Reflects Growing Institutional Adoption of Crypto Assets for Treasury Management

Interlink Reduces Losses but Falls Short of Revenue Target as Growth Strategies Develop

- Interlink Electronics reported 11% YoY revenue growth to $3.0M in Q3 2025, driven by Calman's force-sensing products and improved 41.8% gross margin. - Despite $0.24M revenue shortfall, the company narrowed its net loss to $336K through capital structure simplification and $1.55M operating expense management. - Strategic moves include FDA/USDA grants for food safety tech, a UK acquisition LOI, and a 38% price target premium reflecting expansion optimism. - Analysts highlight critical success factors: sus

Bitget-RWA2025/11/14 01:44
Interlink Reduces Losses but Falls Short of Revenue Target as Growth Strategies Develop

Bitcoin News Update: Senate Divided Over Crypto Regulation: CFTC Authority or SEC Supervision

- U.S. Congress proposes competing crypto frameworks: Senate Agriculture Committee expands CFTC's digital commodity oversight, while Banking Committee grants SEC control over "ancillary assets" via decentralization thresholds. - CFTC's expanded authority would regulate Bitcoin/Ethereum spot markets, requiring custodial safeguards, while SEC's framework creates conditional pathways for tokens to transition from securities to commodities. - Post-shutdown resumption enables SEC/CFTC to restart ETF reviews, wi

Bitget-RWA2025/11/14 01:44