Block to Cut 40% of Workforce Amid AI Strategy Shift; Barclays Tests Blockchain Settlement; Senate Democrats Call for Binance Probe

Jack Dorsey's payments company Block plans to reduce its workforce by 40% as part of its artificial intelligence strategy. Separately, Barclays is testing blockchain technology for settlement, while Senate Democrats have called for an investigation into Binance. The developments reflect corporate restructuring, financial infrastructure experimentation, and regulatory scrutiny of major crypto platforms.