Block Reaches $964 Million DOJ Deal in Principle Over AML Lapses

Crypto Insight Summary: Credits for prior regulatory resolutions would reduce the payment to about $764 million. Separately, bitcoin ecosystem gross profit fell 50%, primarily because of Cash App fee cuts. Crypto Insight Analysis: Direction: Bearish BLOCK Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Block faces a $764M-$964M AML settlement while Bitcoin ecosystem profit drops 50%.