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SoFi has launched SOFIE, a tokenized deposit paying 4.40% annual percentage yield. Each token represents $1 held at SoFi Bank, with applicable FDIC insurance, and can be converted one-to-one into the bank’s SoFiUSD stablecoin for blockchain-based use.
Italian police arrested 30 people and seized €21 million in an investigation into an alleged mafia-linked hidden bank near Milan. Prosecutors say the network used fake invoices, international transfers and crypto exchanges to move criminal proceeds abroad.
The American Bankers Association says the OCC’s finalized stablecoin rules may let issuers provide rewards that effectively resemble yield, weakening Congress’ intended distinction between payment stablecoins and bank deposits. Industry groups are divided ahead of the GENIUS Act’s January 2027 implementation.
Tether has led a pre-seed round in Peso, a Bolivian fintech that supports USDT payments through Yango food delivery, merchant tools and banking links. The funding will help Peso expand its stablecoin infrastructure across Bolivia, Brazil, Colombia and Argentina.
Treasury Secretary Scott Bessent compared the GENIUS Act’s new stablecoin framework with banking reforms enacted under Abraham Lincoln. The OCC’s rules cover reserves, redemptions and risk management, and are scheduled to take effect on Jan. 18, 2027.
Bitcoin received a 10% annual compound-return forecast in JPMorgan Asset Management’s latest long-term assumptions, ranking first among 13 asset classes. The report also emphasizes Bitcoin’s 55% volatility, while Moneyiar data showed BTC at $83,388.97, up 2.3% in 24 hours.
UK bank customers filed 10,092 complaints about blocked or restricted transfers to crypto exchanges over 90 days, Stand With Crypto said. Lloyds recorded the most complaints, while the group is seeking clearer, risk-based rules before the UK’s new crypto framework takes effect next year.
DekaBank has launched crypto trading through five participating German Sparkassen, allowing customers to buy Bitcoin, Ethereum, Solana, XRP and POL. Fees include €0.99 per trade plus an undisclosed spread, while withdrawals to personal self-custody wallets are prohibited.
Malaysia’s central bank has launched SSDS+, a distributed-ledger platform for issuing and safeguarding tokenized bonds and sukuk. The system tracks digital securities ownership and connects with RENTAS+ so related payments can settle in central bank money.
JPMorgan says Bitcoin could outperform stocks, bonds and gold over the next decade, but remains too volatile and unpredictable in its relationship with other assets to serve as a recommended diversifier in balanced portfolios.
Stablecoin transfer volume reached $891 billion in the third quarter of 2026, while US banks and cross-border businesses expanded testing and use. The increase came despite stablecoin market capitalization remaining broadly unchanged, highlighting a widening gap between payment activity and token supply.
UK banks are under scrutiny after Stand With Crypto recorded 10,092 complaints about crypto transfer restrictions from 9,803 people. Lloyds, Barclays and NatWest received the most complaints as the UK prepares its 2027 digital-asset regulatory regime.
Former FTX COO Constance Wang says Netflix’s trailer for The Altruists misrepresents former colleagues and made her stop watching within 30 seconds. The drama about FTX’s collapse premieres Nov. 19, while Wang has since launched the bootstrapped crypto platform Pacifica.
JPMorgan Asset Management forecasts 10% annualized bitcoin returns over the next decade in its base case, above projections for stocks, bonds and gold. The bank’s first bitcoin return range also includes a 9.7% annual loss scenario and a 17% gain scenario.
Mastercard has introduced Stablecoin Security, a service that combines payment records and blockchain analytics to help banks flag suspicious stablecoin transfers before settlement. The launch expands the company’s digital-asset strategy as stablecoin transaction activity accelerates despite slower supply growth.
JPMorgan has launched its JPM Coin deposit token on Ethereum for approved institutional clients, allowing dollar-backed transfers and redemptions around the clock. The move expands the bank’s blockchain strategy and intensifies competition with stablecoin issuers.
World has launched identity tools for banks and financial institutions to verify that real people approve transactions, citing rising AI-enabled fraud. The expansion involves several design partners but comes as regulators continue to scrutinize the project’s iris-scanning biometric technology.
ESMA’s latest MiCA register update added nine crypto-asset service providers, including BingX’s Austrian entity, YouHodler’s Italian subsidiary and Banco Santander’s Openbank Deutschland, bringing the total to 375 unique providers.
