Latest FinTech & Blockchain News
SoFi Launches Big Business Banking for Enterprises with Crypto and Stablecoin Integration
SoFi Technologies introduced Big Business Banking, enabling enterprises to manage USD deposits, crypto assets, and its SoFiUSD stablecoin in one FDIC-insured bank with 24/7 API payments. This follows record Q4 revenue of $1.025 billion and ninth profitable quarter, partnering with Bullish, BitGo, Galaxy, and Mastercard.
The stock trades at 19x forward earnings despite a 51% drop from highs.
Stablecoins Poised for Mainstream Adoption in Payments by 2026
Stablecoins' market cap hit $260 billion, projected to represent 3% of US dollar payments in 2026 and 10% by 2031 per IMF data. Major banks issue permissioned stablecoins for real-time wholesale payments, while European banks launch euro-backed versions.
Payment processors integrate stablecoins for subscriptions, cross-border settlements, and remittances.
Altcoins Face Bear Market Pressures as Bitcoin Dominance Rises
Crypto Fear & Greed Index at 11 with Altcoin Season Index at 38, signaling Bitcoin season amid $209B selling pressure on altcoins. Ethereum leads discussions on quantum computing and staking, Solana recovers from $285M Drift exploit, USDC faces compliance scrutiny.
Institutions focus on BTC and ETH ETFs, filtering to assets with real infrastructure.
CFTC Cracks Down on Prediction Markets Amid $1.6B Institutional Inflows
CFTC enforcement chief prioritizes insider trading prosecutions on prediction markets, hiring more staff and offering cooperation leniency. Intercontinental Exchange finalized $1.6B investment in Polymarket for institutional data distribution.
Kalshi gains approval for institutional margin trading, while Gibraltar licenses its first prediction market operator.
Monzo Shuts US Operations After Securing European Banking Licence
UK digital bank Monzo closed US operations on March 31, laying off 50 staff and halting new customer onboarding. This follows ECB and Irish Central Bank licence granting EU-wide deposit-funded banking just 12 weeks prior.
Contrastingly, Revolut filed for US national bank charter after UK licence.
Good Friday Jobs Report Tests Crypto Markets' 24/7 Resilience
US March jobs report released April 3 amid closed stock markets, with CME settling Bitcoin and crypto futures, potentially driving early price reactions. This highlights crypto's always-on market claim as traders price shocks before equities reopen.
Markets expected more active than usual on Good Friday.
Money20/20 Asia Announces Intersection Stage for 2026 FinTech Agenda
Money20/20 Asia launched The Intersection Stage featuring industry's influential voices to elevate its 2026 Bangkok event. The fintech show positions itself as where money does business.
It aims to host key discussions on FinTech and blockchain trends.
SoFi Achieves Record Revenue and Profitability in Q4 2025
SoFi reported $1.025 billion Q4 revenue, up 40% YoY, with $174 million GAAP net income for its ninth straight profitable quarter. Member growth hit 35% and EBITDA 60%, expanding into full-spectrum fintech-crypto services.
Despite sector jitters, it offers undervalued stock at $15.
European Banks Advance Collaborative Euro Stablecoin Initiative
A major French bank joined a consortium for euro-backed stablecoin, boosting institutional confidence in regulated settlement tools. This parallels US banks' permissioned stablecoins for real-time payments.
Stablecoins reduce liquidity friction for banks, fintechs, and cross-border firms.
Kalshi and Polymarket Expand Institutional Offerings Despite Regulatory Heat
Kalshi approved for margin trading targeting hedge funds via futures commission merchant, post-enforcement actions on users. Polymarket's ICE deal distributes event data to institutions after October 2025 announcement.
CFTC warns on insider trading amid sector growth.
FinTech Stocks Slide on Inflation and Fed Pause Worries
KBW Nasdaq Financial Technology Index down 11% YTD due to persistent inflation and Fed rate pause. SoFi bucks doubts with enterprise banking launch bridging fiat and crypto.
Sector faces reality check after 2026 rate cut hopes faded.