square

According to the official announcement, Binance has launched a new feature called SquareLeaderboards (Trading Leaderboard) in Binance Square. This feature aggregates trading rankings and supports browsing shared futures trades, smart money signals, and trading results. Users can also generate personal ranking posters and achievement posters for the past 7 days or 30 days to share.

Square plans to complete a phased expansion of Bitcoin payment arrangements, with Lightning Network payments being opened to eligible sellers in its U.S. merchant network. Consumers can pay with Bitcoin, while merchants will default to receiving dollars but can choose to retain Bitcoin.Square will waive Bitcoin payment processing fees until the end of 2026, after which it plans to charge a uniform fee of 1%. Square's broader merchant network covers over 4 million merchants, but eligibility restrictions still exist, and actual adoption has not been independently quantified.

The American investment management firm MissionSquare stated that the yield on the U.S. 10-year Treasury bond may face resistance when it rises to 5%.

Bitcoin News posted on platform X that Square, under Jack Dorsey, is expected to complete a phased deployment on November 10, expanding Bitcoin payments to its network of over 4 million merchants.The deployment started on March 30, and eligible U.S. merchants will have Bitcoin payments automatically enabled without needing to apply. Customers can pay via the Lightning Network, with transactions settling in seconds; merchants will receive payments in USD by default but can choose to retain Bitcoin. Square will waive Bitcoin payment processing fees until December 31, 2026, after which a fixed fee of 1% will be charged; merchants can also automatically convert up to 50% of their daily sales revenue into Bitcoin.

According to Bloomberg, Jack Dorsey's payment company Block reported a 22% year-on-year increase in gross profit for the third quarter to $3.24 billion, exceeding analysts' average expectations of $3.1 billion. The company raised its full-year gross profit forecast for 2026 from approximately $12.5 billion to about $12.6 billion, with shares rising over 7% in after-hours trading. In terms of business, Square is expanding its restaurant merchant base, while Cash App is launching more banking account features.Block is also connecting Cash App users with Square merchants through the Neighborhoods project and has begun selling some internally developed AI tools. Despite previously announced layoffs, operating expenses for the third quarter still reached $2.8 billion, showing an increase both year-on-year and quarter-on-quarter. Additionally, Block disclosed a loss of approximately $230 million from Bitcoin investments in the third quarter, with its Bitcoin business primarily providing trading channels for customers, and related performance fluctuating with Bitcoin prices.Block expects a gross profit of $3.32 billion for the fourth quarter and a gross profit of $14.52 billion for 2027, representing a year-on-year growth of 15%. The company's business head Owen Jennings stated that Block anticipates earning revenue directly from AI tools for the first time in the fourth quarter and expects AI investments to drive subsequent growth. The company also disclosed that it has reached a principle agreement with the U.S. Department of Justice regarding a multi-year anti-money laundering investigation, with the proposed deferred prosecution agreement involving a total amount of approximately $964 million. Block expects to net pay about $764 million, higher than the $526 million reserve disclosed in the previous quarter, and the agreement still requires court approval.

According to Bitcoin Magazine, payment company Block has launched its first Bitcoin advertising campaign aimed at the general consumer, titled "Bitcoin Does," targeting approximately 60 million American users who are curious about Bitcoin but have yet to take the first step. The campaign is led by Maria Pesce, Block's head of Bitcoin marketing, who is responsible for Bitcoin-related marketing across three business lines: Cash App, Square, and Proto.Maria Pesce stated that the advertisements intentionally skip over the science of mining and blockchain principles, directly showcasing how Bitcoin can be used in real-life scenarios. She mentioned that the related creative ideas came from customer research: one Square merchant referred to Bitcoin as "a more honest currency," while topics such as inflation, relief, and private equity formed the narrative backdrop of the advertisement films. Additionally, fixed supply, self-custody, and the choices of younger users are also key points of communication.Block also set up an interactive installation called "Lightning Lake" at the ComplexCon event, where participants could fish for Bitcoin and complete payments through the Lightning Network. Square currently charges a 0% processing fee for Bitcoin transactions, and Block hopes to make the experience of using Bitcoin as commonplace as sending an email.

Bill Ackman, the CEO of Pershing Square Capital, believes that the Russia-Ukraine conflict, the Iran war, and persistently high inflation and interest rates are suppressing what should be a stronger market environment. With geopolitical risks easing and energy prices falling, he expects the market outlook to improve significantly and calls 2027 a year that will be stunning.In an interview with CNBC on Thursday, Ackman stated that if the uncertainty brought by the war dissipates, especially if the situation in Ukraine develops positively, energy prices could drop significantly, which would benefit the decline in inflation and the performance of financial markets. He also referred to the Iran war as an exceptionally well-executed war and believes that achieving peace in the Middle East would not only benefit the region but ultimately also benefit the United States.

According to official news, the anonymous Q&A game Chomp has completed a $3.6 million financing round, led jointly by Jsquare and Blueyard, with participation from VCs such as Accomplice, Big Brain Holdings, No Limit Holdings, Reverie, and Caballeros.Chomp is a social game based on anonymous Q&A and prediction mechanisms, allowing users to answer questions and predict others' answers, uncovering the public's true thoughts and their own biases in understanding others. In addition to consumer products, Chomp also applies these anonymous, well-labeled opinion data to scenarios such as AI model training and consumer research.The company believes that this type of data can capture subjective opinions that are difficult to obtain from the public internet and provide high-context data for AI models. Founder and CEO Kiko previously served as COO of Orca, a decentralized trading platform in the Solana ecosystem.

According to Bloomberg, as a large number of high-growth startups emerge in fields such as artificial intelligence and biotechnology, private equity and Pre-IPO investment tools aimed at ordinary investors are rapidly increasing. Billionaire investor Bill Ackman's investment firm Pershing Square is preparing to launch a new fund to provide investors with the opportunity to participate in high-growth companies that are not yet publicly listed.Currently, Pershing Square has initiated the process to establish "Pershing Square Ventures." This fund will adopt a "permanent capital" model, allowing for long-term holding of investment targets and continuing to hold shares after the invested companies go public.Ackman and Pershing Square Chief Investment Officer Ryan Israel stated in a letter to shareholders that the new fund aims to capture investment opportunities in Pre-IPO companies and expand the company's investment scope beyond the public markets. At present, Pershing Square has not disclosed the target size of the fund, investment strategy details, or specific fundraising timeline.

According to the Daily Economic News, the July quantitative private equity industry experienced a systemic drawdown, with several institutional products seeing a monthly net value decline of over 20%, turning year-to-date returns from positive to negative. Specifically, among the 9 displayed products under Huansquare Quantitative, 8 have recorded negative returns year-to-date, with all monthly declines in July exceeding 20%, and the maximum drawdown reaching 22.15%; among the 14 products displayed by Mingcong Investment, 9 have recorded negative returns year-to-date; in Jiukun Investment's 15 products, 14 still have positive returns year-to-date, but the monthly drawdown is also significant. In contrast, Yanfeng Investment has shown relatively stable performance.Regarding this drawdown, multiple institutions believe that this round of adjustment is more due to emotions and trading structures rather than the end of the AI industry trend. Freshwater Spring Investment pointed out that AI is still rapidly developing in terms of model capability enhancement, cost reduction, and the diffusion of application scenarios. Referencing experiences from the internet era, it is normal for there to be fluctuations during the advancement of technological waves. Institutions believe that AI investment is gradually transitioning from the previous focus on computing power infrastructure in the "first half" to "intelligent equity" in the "second half"—that is, a phase where the cost of intelligent usage continues to decline and application scenarios are accelerated in unlocking, providing opportunities for supply chain companies that can offer cost-effective solutions for leading model companies and large cloud vendors.

According to a report by Bloomberg, documents disclosed by the SEC show that data center operator Csquare plans to go public on the NYSE under the ticker "CSQR," intending to issue 50 million shares at a price range of $23 to $27 per share, with a maximum fundraising scale of $1.35 billion. Based on the upper limit of the issue price, the company's valuation is approximately $4.18 billion.This IPO comes at a time when there is a global expansion cycle for AI computing power and data centers, with continued increasing demand for infrastructure assets in the market.

Gate Square officially launched the "#My Gate Trading Moment" themed content collection activity, which will take place from June 10 to June 23, 2026. Users can share their trading reviews, market opinions, investment insights, or advice for Crypto newcomers based on their investment experiences with BTC, meme coins, contracts, US stocks, gold, prediction markets, and more.The activity will be simultaneously covered on the X platform and Gate Square, where participants on the X platform can receive up to 1,000 USDT as an individual reward, and the prize pool can be increased to over 10,000 USDT; Gate Square will also offer multiple incentives such as daily best content awards, continuous participation awards, lucky participation awards, and first-time user rewards. In addition, Gate Square has recently upgraded its certified creator incentive program, launching monthly creation rewards and traffic support rights for high-quality content creators. Users who successfully apply for Gate Square certified creator status can participate in a monthly creation incentive program with over $20,000.During the content collection activity, users can participate in the selection and win rewards by posting original content with the topic "#My Gate Trading Moment" and tagging @Gate__Square on the X platform, or by posting original posts with related topics on Gate Square. Gate aims to accumulate more high-quality content with reference value through real trading stories and market reflections, helping investors grow together.

According to The Block, the RWA yield protocol TownSquare announced the completion of its Pre-A round financing, bringing its total financing to approximately $16.25 million. The funds will be used to advance yield products based on institutional strategies and cross-chain brokerage services.The protocol focuses on bringing yield from institution-backed on-chain assets to ordinary users. Currently, the scale of institution-backed assets on-chain is approximately $36 billion, with yields exceeding the traditional 3%-5% level of U.S. Treasury bonds. TownSquare will build yield vaults around stablecoin USD1, tokenized gold, USDC, cbBTC, and other RWA, and will work with partners like World Liberty Financial to advance a USD1 pipeline plan with a scale of about $100 million.

According to Bloomberg, the Monetary Authority of Singapore has announced the revocation of the major payment institution (MPI) license of the cryptocurrency payment company Bsquared Technology. The reasons include flaws in risk management and conflict of interest policies, violations of outsourcing management regulations, and providing false or misleading information to regulators multiple times during the license application and on-site inspection processes.Bsquared obtained a digital payment token service license 16 months ago and is now required to submit a closure certificate issued by an auditing firm to confirm that all customer funds have been returned. The MAS stated that it is further reviewing the responsibilities of the company's key management personnel. Currently, only 37 institutions in Singapore are approved to provide digital payment token services, and license revocations are relatively rare.

TownSquare, focused on institutional yield and cross-chain lending brokerage services, announced the launch of a $100 million USD1 token liquidity program. This initiative aims to promote institutional yield and cross-chain returns to more users through institutional yield strategies using the USD1 stablecoin from the World Liberty Financial platform.Previously, TownSquare collaborated with the World Liberty Financial DeFi team to introduce the USD1 token to the high-performance EVM chain Monad and received official incentives from the Monad Foundation. The team officially stated that this new liquidity program marks TownSquare's ongoing commitment to expanding the application of DeFi and bringing institutional strategy yields to more assets. Currently, the project's official website has launched cross-chain lending functionality, and the yield-generating product is in an upcoming state.According to official information, the project has previously completed a round of financing supported by Monad, a16z, Aptos, Solana Bonk, as well as other angel investors and a number of VCs from Europe and America. The team consists of founders with backgrounds from Coinbase, Meta, Accenture, and market makers. Information about the project's new round of financing has not yet been announced.

According to Bitcoin Magazine, members of the Block team revealed that the company's Square has automatically enabled Bitcoin payment functionality for approximately 1 million U.S. merchants, allowing customers to pay with Bitcoin via the Lightning Network, while merchants settle in USD, with real-time conversion handled in the backend.This feature has been available by default to eligible U.S. sellers since March 30, with a new merchant being activated every 8 seconds at peak times. Miles Suter, Block's Bitcoin product lead, stated that Bitcoin must circulate rather than sit idle, or it will lose its transformative value as peer-to-peer cash.

Prediction market Kalshi announced a partnership with the sports venue Madison Square Garden, becoming its official prediction market partner. The sixth-floor concourse of Madison Square Garden will officially be renamed Kalshi Concourse, which is primarily used for merchandise sales, dining, and bars.

In response to community users claiming that Binance Square "if you stay still for just 1 hour, your account will be banned," He Yi posted a response stating: "It is an issue with the live broadcast risk control strategy of the Square. Previously, we encountered some accounts that had no sound and no trading, running all day, so it automatically scans some live broadcasts that have no activity."He Yi added that they will resolve such issues.

CZ stated on platform X that an AMA live event will be held at Binance Square on April 15 at 21:00 (GMT+8), during which questions will be open and 10 signed copies of the book will be given away.He mentioned that since the release of the new book, community discussions have been active, including related content creation and topic discussions. This AMA will be an interactive exchange with community users.

According to CoinDesk, Square, led by Jack Dorsey, has begun automatically enabling Bitcoin payment features for millions of U.S. merchants, with transactions instantly converted to dollars at checkout. Merchants can receive Bitcoin without additional setup and do not bear the risks of price volatility and custody.This feature includes near-instant settlement and waives processing fees until 2026. Square stated that this is an important step in integrating Bitcoin into everyday business, with merchants defaulting to receive dollars without needing to change their accounting practices or hold crypto assets. It is reported that 78% of Square's users are from the U.S., while 22% are from international markets. Previously, PayPal launched the dollar-pegged stablecoin PYUSD to tens of thousands of users across its 70 global markets, promoting digital payment applications.