I haven't verified this. But Claude Sonnet had this to say about it.

Yes, Block, the company co-founded by Jack Dorsey, is indeed winding down its crypto unit known as TBD. This decision comes as part of a broader strategy to scale back investments in other areas, such as TIDAL, in order to focus more on Bitcoin mining initiatives.

The company has indicated that this shift will allow it to allocate resources more effectively towards its core interests in Bitcoin, which has been a significant part of its business model.

* I'm too busy ATM to fact check it, so you'll have to do the leg work. *