One of the largest Bitcoin mining companies in the world, MARA, will lay off about 15% of its employees. The CEO said this is part of the company’s strategic transformation as it moves into the energy and AI sectors. MARA is also selling Bitcoin to repay its debts, and it expects a net loss of $1.3 billion in 2025. Affected employees will receive corresponding compensation.

On March 12, analyst Omkar Godbole noted that Bloomberg predicted Bitcoin could fall to $10,000, but the industry considered this forecast unreasonable. The Deribit platform showed that approximately $800 million in put options are concentrated at $20,000, with some traders preparing for a possible crash. Despite external market volatility, Bitcoin remained around $70,000, demonstrating resilience. Analysis indicated that market consolidation could lay the foundation for subsequent price movements.

Gate News Announcement, March 12, OP Labs CEO Jing Wang tweeted that OP Labs will lay off 20 employees to streamline operations, accelerate decision-making, and reduce coordination costs. Jing Wang emphasized: "This decision reflects a narrowing of our focus, not a liquidity crisis." Affected employees will receive three months of base salary and N+1 compensation, and health insurance will be extended for six months.

Bitcoin price rebounds to $70,000, market sentiment improves, positive discussions increase on social media, and investor confidence is restored. Trump's comments on the Middle East situation have eased market risks, and increased institutional capital inflows boost confidence. Although sentiment indicators remain cautious, market corrections may lay the foundation for a rebound.

Oracle recently faced difficulties due to the expansion of AI data centers, and media reports prompted the company to issue two statements to clarify the situation. The company plans to lay off employees to address cash shortages and revealed that the expansion plan with OpenAI has been abandoned. ORCL's stock price dropped significantly, and the market is pessimistic about its free cash flow prospects.

Pi Network has made significant progress recently, with the total Pi coins in the mainnet wallet surpassing 9 billion, and approximately 50 million coins being mapped to user accounts daily. Meanwhile, the KYC verifier reward mechanism has entered the final testing phase and is expected to launch by the end of March. These developments will lay the foundation for a practical blockchain economy within the ecosystem.

Fintech company Block plans to lay off nearly 4,000 employees, reducing the total workforce to less than 6,000. Co-founder Jack Dorsey stated that this move aims to promote a flatter and AI-centric organizational structure. Despite strong financials, the restructuring is a necessary measure to adapt to the AI revolution. Affected employees will receive compensation, and Block's stock price rose over 20% after the layoffs.

VanEck's on-chain Bitcoin report shows that BTC prices have dropped 29%, market sentiment has weakened, open interest has declined, holder selling has slowed, miner profit margins are under pressure, and hash rate has decreased. Historical data suggests this could indicate an upcoming increase in Bitcoin returns.

PANews February 11 News, according to Decrypt, the cryptocurrency exchange Blockchain.com has received registration approval from the UK Financial Conduct Authority (FCA) to operate cryptocurrency brokerage, custody, and institutional services in the UK. The company had already obtained an EU MiCA license last year, allowing it to operate in 30 European Economic Area countries. These two approvals together lay the foundation for its services in major regulated markets.