Peloton said on Friday that it's cutting around 11 percent of its staff, mostly impacting "engineers working on technology and enterprise-related efforts," reports Bloomberg. Last August, Peloton laid off six percent of its workforce and told investors it would continue layoffs globally in 2026, in an attempt to cut at least $100 million of annual […]

Daniel Kuhn / The Block:
Tether says it generated over $10B in net profits in 2025, down from $13B+ in 2024, and says it holds $193B in assets backing the $186B USDT in circulation  —  Partner offers  —  Quick Take  — The stablecoin issuer now holds $193 billion in assets backing the $186 billion USDT in circulation, primarily in U.S. Treasuries.

This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: The Trump administration is indicting two journalists for their coverage of a Minneapolis protest. What happened? Don Lemon, a longtime CNN host who was fired […]

Wall Street Journal:
A look at the clash between Coinbase and Wall Street over the Clarity Act and whether crypto exchanges can offer stablecoin “rewards”  —  Coinbase chief Brian Armstrong is clashing with Jamie Dimon and other bank stewards over the future of finance

Jason Momoa and Dave Bautista team up on Prime Video, The Strangers return to Starz, and Santa slays on VOD