BlackRock joins SBI to explore onchain yen finance
SoFi's revenue hit $1.4B as fintech's bridge between traditional and digital finance keeps paying off.
Powered by Gloria
Crypto looks ready to break into its next seasonal phase.
Analysts are signaling that Bitcoin could easily run laps around gold and stocks as we head toward year-end.
Meanwhile, Wall Street keeps expanding its blockchain footprint, with SoFi's impressive earnings reinforcing market strength.
And one more big win: Ripple wanted a bank charter, and it finally got one.
BlackRock, SBI and Startale explore yen stablecoin ecosystem in Japan
Three heavyweight firms just signed a memorandum of understanding to build Japan's onchain financial rails.
BlackRock, SBI Holdings and Startale Group want to connect tokenized money market funds with JPYSC, a yen-backed stablecoin.
The goal is a blockchain-native bridge between traditional Japanese assets and global markets.
If it works, Japan could become the first major economy with institutional-grade stablecoin infrastructure tied to its own currency.
Markets
Bitcoin holds steady as AI hype steals the spotlight
Bitcoin's 90-day correlation with gold hit 54%, its highest level since at least 2014.
Yet gold dropped 7% over the past month while Bitcoin barely flinched near $80K.
The news moving money, markets, and the world—before your day starts.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Analysts say year-end seasonality could favor risk assets, giving crypto an edge over equities and commodities.
Meanwhile, the Nasdaq rallied for a second straight day as investors chased AI names ahead of Anthropic's planned IPO.
BTC traded near $80K, ETH hovered around $2,300, SOL sat near $101, and XRP edged toward $1.32.
Ripple secures final OCC approval to launch national trust bank
Ripple now has a federally chartered trust bank, courtesy of the Office of the Comptroller of the Currency.
Ripple National Trust Bank will hold stablecoin reserves for RLUSD and offer institutional crypto custody.
That puts Ripple in direct competition with traditional custodians on their own regulatory turf.
SoFi raises 2026 outlook after revenue jumps 44% to a record
SoFi posted roughly $1.4B in adjusted net revenue for Q3, a 44% year-over-year leap.
Lending growth and broader adoption of its financial products drove the surge.
The company also introduced 2027 guidance, signaling confidence that its fintech flywheel is just getting started.
On Our Radar
Sui's infrastructure getting crowded: evaluating which RPC providers actually deserve your traffic.*
Regulatory reality check: Coinbase is ditching 14 stablecoins in Europe to comply with MiCA rules.
Price pressure: Bitcoin's bull case hinges on holding the $75,500 line, analysts warn.
*sponsored
ICYMI
The 10 Best Stocks for Fall 2026
MarketBeat analysts just updated their 10 Best Stocks to Own for Fall 2026 report. The list includes AI growth names, a high-yield dividend payer, a steady portfolio diversifier and companies positioned for continued growth into year-end. Get all 10 stocks and the research behind them for free now.
Meme of the Day
That’s a wrap.
Vi
|
|
