The Block (@TheBlockCo): THE BLOCK: Jack Dorsey’s Block saw bitcoin ecosystem gross profit fall 31% to $72 million after cutting certain Cash App trading fees.
Estimated coin impact
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- BTC-25Negative
THE BLOCK: Jack Dorsey’s Block saw bitcoin ecosystem gross profit fall 31% to $72 million after cutting certain Cash App trading fees. Gross profit still jumped 25% to $3.17 billion, prompting Block to raise its full-year outlook as $XYZ shares climbed 4.5% after hours.