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TradFi & Fintech

Wells Fargo to Launch Tokenized Deposits for Corporate Clients This Fall
TradFi & Fintech

Wells Fargo to Launch Tokenized Deposits for Corporate Clients This Fall

The bank will start with a limited U.S. dollar-to-British pound corridor and widen it through 2027. It names neither the blockchain it is using nor whether the ledger is permissioned.
BitMine Buys 10,399 More ETH but Reported Holdings Fall to $11.3B
TradFi & Fintech

BitMine Buys 10,399 More ETH but Reported Holdings Fall to $11.3B

Cash and marketable securities dropped to $173 million from $268 million after BitMine repurchased another 4.5 million shares, lifting buybacks since July 1 to 16.1 million.
Robinhood's Second Venture Fund Targets Y Combinator Startups in $200 Million IPO
TradFi & Fintech

Robinhood's Second Venture Fund Targets Y Combinator Startups in $200 Million IPO

Retail investors can request RVII shares at an expected $25 apiece through Aug. 12, ahead of an NYSE listing set for Aug. 13 — five months after Robinhood's first venture fund raised $658.4 million to buy into companies like OpenAI and Stripe.
Crypto Card Volume Hits $748.7M in July, a Fifth Straight Monthly Gain: Paymentscan
TradFi & Fintech

Crypto Card Volume Hits $748.7M in July, a Fifth Straight Monthly Gain: Paymentscan

Spending on crypto payment cards jumped 19% to a monthly record, with RedotPay handling more than half the volume as flows into stablecoin neobanks crossed $1 billion for the first time.
Active Crypto VC Firms Fall to 150, Lowest Since 2020
TradFi & Fintech

Active Crypto VC Firms Fall to 150, Lowest Since 2020

The July count sits far below the 1,177 unique investors CryptoRank recorded at the March 2022 peak, pointing to a smaller, more selective pool of backers.
10 European Banks Launch RL1 Blockchain Cooperative
TradFi & Fintech

10 European Banks Launch RL1 Blockchain Cooperative

RL1 inherits SWIAT's production network, which processed more than €700 million in transactions over three years before ownership moved to the Luxembourg cooperative.
Samsung Says Wallet Will Add Stablecoin Support
TradFi & Fintech

Samsung Says Wallet Will Add Stablecoin Support

The announcement at Galaxy Unpacked in London came with no timeline, issuers, or markets — but would put stablecoins on hundreds of millions of phones.
OCC Denies Wise's US National Trust Bank Charter
TradFi & Fintech

OCC Denies Wise's US National Trust Bank Charter

The regulator cited money-laundering risk concerns in a rare rejection amid a wave of crypto charter approvals. Wise plans to refile under the GENIUS Act.
Tokenized Stocks Hit Records Across Every Major Venue as Sector Reaches $2.3B
TradFi & Fintech

Tokenized Stocks Hit Records Across Every Major Venue as Sector Reaches $2.3B

Ondo, Backed Finance, and Robinhood Chain all set all-time highs in tokenized equity holdings this week, while dYdX's new Arcus exchange posted record perps volume — signs the market for onchain stocks is scaling on multiple fronts at once.
Bitmine Slowed ETH Buys to Smallest Weekly Pace Since June 2025
TradFi & Fintech

Bitmine Slowed ETH Buys to Smallest Weekly Pace Since June 2025

The largest corporate ether holder slowed its buying to its smallest weekly pace since June 2025, redirecting capital to a share repurchase, and now holds 5.78 million ETH — 96% of the way to its "Alchemy of 5%" target.