Author: Shenchao TechFlow
Yesterday's Market Dynamics
The Bank of Japan held its policy steady as expected.
The Bank of Japan kept its benchmark interest rate unchanged at 0.75%, in line with market expectations, marking the second consecutive meeting with no change.
Initial jobless claims for the week ending March 14 in the United States: 205,000, compared to expectations of 215,000 and a prior value of 213,000.
According to Jinshi Data, initial jobless claims in the United States for the week ending March 14 came in at 205,000, compared to an expectation of 215,000 and a prior value of 213,000.
Meta’s AI agent went out of control, resulting in a two-hour sensitive data leak.
According to TechCrunch, a recent incident involving an out-of-control AI agent occurred internally at Meta. An employee posted a request for technical assistance on an internal forum, and another engineer promptly invoked an AI agent to help analyze the issue. However, the agent published a response without authorization and provided incorrect advice.
After the employee followed the AI’s recommendation and performed the action, unauthorized engineers accessed a large volume of company and user data for over two hours. Meta classified this incident as "Sev 1," the second-highest level of internal security incident.
Notably, this is not the first time Meta has encountered issues with AI agents going out of control. Summer Yue, Director of Superintelligence Safety and Alignment at Meta, previously stated publicly that her OpenClaw Agent deleted the contents of her entire inbox without authorization.
The Perle Foundation announces the PRL tokenomics: 37.5% will be allocated to the community, and 17.84% will be allocated for the ecosystem.
The AI Data Market Perle Foundation has announced the PRL tokenomics. The total supply of PRL tokens is 10 billion, with 37.5% allocated to the community (7.5% unlocked at TGE, followed by 36-month linear vesting), 17.84% allocated to the ecosystem (10% unlocked at TGE, followed by 48-month linear vesting), 27.66% allocated to investors (12-month cliff, followed by 36-month linear vesting), and 17% allocated to the team (12-month cliff, followed by 36-month linear vesting).
edgeX has launched the EDGE airdrop terms page, with claims closing on April 1.
The perpetual futures DEX edgeX has announced that the EDGE airdrop terms page is now live. According to its website, the claim period for the EDGE token is from March 19 at 18:00 UTC+8 to April 1 at 07:59 UTC+8.
After laying off employees, Block quietly rehired some staff, with the CEO acknowledging the decision was a mistake.
According to Cointelegraph, after laying off approximately 4,000 employees at the end of February, Block—owner of Square, Cash App, and Afterpay—has quietly rehired some staff this month. Multiple employees reported receiving rehire invitations on LinkedIn, citing reasons such as "administrative errors" and insufficient staffing for critical infrastructure. CEO Jack Dorsey previously acknowledged that the layoff decision may have been misguided, noting that rapid advancements in AI prompted the company to restructure its 6,000-person team. Some laid-off employees believe the cuts were more about boosting investor confidence than purely driven by AI substitution. Currently, Block’s website lists only 27 open positions, all in management or sales roles.
Gemini cut approximately 30% of its workforce this year, reported an annual loss of about $585 million, and advanced AI initiatives to reduce costs and improve efficiency.
According to Bloomberg, cryptocurrency exchange Gemini stated that it has cumulatively cut approximately 30% of its workforce since the beginning of the year, reducing employee count to around 445, and has introduced AI tools to improve efficiency; the company reported a full-year loss of approximately $585 million for 2025, with fourth-quarter revenue of about $60 million but an expanded loss. Previously, it had announced a 25% workforce reduction, exited markets in the UK, EU, and Australia, and replaced several executives.
Crypto.com CEO announces reduction of approximately 12% of staff to advance enterprise AI transformation.
Crypto.com CEO Kris Marszalek disclosed on social media that Crypto.com has officially initiated company-wide enterprise-level artificial intelligence (AI) integration, alongside a reduction of approximately 12% of its workforce. Affected employees have been notified, and the company will provide them with appropriate transition support resources.
Kris Marszalek stated that this strategic adjustment aims to combine the finest AI tools with high-performing talent to achieve levels of scalability and operational precision previously unattainable. The positions eliminated primarily consist of roles he deemed unable to adapt to the new business model.
Animoca Brands invests in AVAX tokens and enters into a strategic partnership with Ava Labs.
According to The Block, Animoca Brands has announced an investment in AVAX, the native token of the Avalanche blockchain, and has entered into a strategic partnership with Ava Labs, the development team behind Avalanche. The two parties will collaborate to advance the Avalanche ecosystem, with an initial focus on the Asian and Middle Eastern markets.
An Animoca Brands spokesperson did not disclose the investment amount or specific terms. Under the cooperation agreement, both parties will collaborate in three key areas—capital deployment, product integration, and advisory support—with a focus on tokenization of real-world assets (RWA), entertainment, and digital identity. Animoca Brands stated that it has established regional infrastructure and institutional networks across Asia and the Middle East, which can be leveraged by projects built on Avalanche for commercial deployment.
Prediction market platform Kalshi has raised over $1 billion in funding, reaching a $22 billion valuation.
According to Bloomberg, the prediction market platform Kalshi Inc. has completed a new funding round exceeding $1 billion, with its latest valuation reaching $22 billion—double its $11 billion valuation from its previous funding round in December 2025.
OpenAI will acquire the startup Astral to expand its presence in the programming domain.
According to Jin10 Data, OpenAI will acquire the startup Astral to expand its presence in the programming field.
Market Updates
Recommended Reading
This article provides a detailed overview of how prominent figure in the cryptocurrency space, Sam Bankman-Fried (SBF), invested in the AI company Anthropic through his hedge fund, and explores the connection between this investment and the philosophy of effective altruism (EA). The article analyzes SBF’s investment rationale, the source of funding, Anthropic’s rapid rise, and the impact of the FTX bankruptcy on the EA movement and related organizations.
Mastercard spends $1.8 billion on stablecoin insurance
This article discusses Mastercard's acquisition of BVNK for $1.8 billion, aiming to integrate stablecoin payment technology to address the challenges stablecoins pose to traditional cross-border payment services. Stablecoin payments offer advantages such as fast settlement and low fees, threatening the revenue streams of traditional card networks. Mastercard seeks to seamlessly integrate stablecoins with its payment network through this acquisition, ensuring competitiveness as stablecoins become a mainstream settlement method. However, the widespread adoption of stablecoin payments still faces technical and regulatory challenges, while traditional financial institutions are actively entering the stablecoin space through acquisitions and other strategies.
Meta spent $90 billion to shut down the metaverse and $2 billion to put AI in your computer.
This article discusses how Meta heavily bet on the metaverse in 2021, investing $90 billion to develop the virtual world Horizon Worlds, but, due to slower-than-expected user growth, announced it will shut down the VR version of the product by June 2026. Meanwhile, Meta is shifting its strategic focus to artificial intelligence (AI), planning to cut 20% of its workforce and redirect the majority of its capital expenditures toward AI infrastructure. However, Meta also faces challenges in the AI space, including delays in launching its flagship AI models and the loss of key talent. This shift reflects a broader industry trend moving away from the metaverse toward AI, with many companies cutting jobs and reducing budgets to concentrate resources on AI. Yet, the article notes that this industry consensus may carry risks, and whether this directional bet is correct remains to be seen over time.
This week, everyone is helping AI open bank accounts.
This article documents the latest developments in the field of artificial intelligence (AI) payments, particularly the construction of autonomous AI payment infrastructure. It highlights that leading technology and financial companies—including Stripe, Visa, Mastercard, and Coinbase—are actively developing related technologies and protocols to provide AI agents with payment tools, funding channels, and identity authentication support. Although the current market size for AI payments is small, growing demand for autonomous payments is expected as AI technology advances, potentially making this field a significant infrastructure market in the future.
This article explores an innovative cryptocurrency financing model, in which Pharos and GCL New Energy have entered a capital cooperation agreement featuring token-equity linkage and staged vesting, demonstrating deep integration between traditional capital and the crypto world. This model not only highlights the complementary strengths of both parties but also offers new insights for future fundraising in the crypto industry.