Fintech
Revolut drops U.S. bank merger plan to seek standalone license: FT
The fintech company believes a de novo banking license under the Trump administration will be faster than acquiring an existing bank, avoiding the need to maintain physical branches.
Galaxy Digital to start $100 million hedge fund targeting crypto, fintech: FT
The fund will allocate up to 30% to crypto tokens and 70% to financial services stocks, taking both long and short positions to capitalize on market shifts.
Trump Family-Linked Alt5 Sigma Ousts Top Execs After CEO Suspension Shakes Up Leadership
The company is on its third CEO in six weeks, with Tony Isaac appointed as Acting CEO, and has named Steven Plumb as its new CFO.
Alt5 Sigma Suspends CEO Peter Tassiopoulos, Appoints Jonathan Hugh as Interim Leader
No reason was given for the suspension of Tassiopoulos, who was appointed just over a year ago .
The Layer 1 Fallacy: Chasing Premium Without Substance
DeFi and RWA protocols are rebranding themselves as Layer 1s to capture infrastructure-like valuations. But most remain narrowly focused applications with little sustainable economics — and the market is beginning to see through it, says Avtar Sehra.
U.S Neobank Slash Debuts Stablecoin with Stripe's Bridge for Global Business Payments
The firm aims to reduce settlement times and foreign exchange fees with its USDSL stablecoin, issued by Bridge.
‘Chokepoint 3.0’ Has Arrived? a16z Warns of Anti-Crypto Bank Tactics
This tactic could strangle competition by making it more costly for users to transfer funds to alternative platforms, a16z's general partner argued.
SoFi to Launch Blockchain Remittances With Stablecoins as Crypto Returns to Platform
The move comes as the CEO shared plans to re-enter the crypto business under the Trump administration after having exiting digital asset services in 2023.
Ether.fi Pivots to Become Neobank, Rolls Out Cash Cards in U.S.
The suite of apps will allow users to spend, save and earn crypto.
Payments Card Issuer Infini Offers Reward for Return of Funds After $49 Million Exploit
The neobank offered the perpetrator 20% of the stolen funds to return the money within 48 hours, threatening legal action otherwise.
