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Dallas Fed warns tokenized deposits could strip $700 billion from US bank lending
The Federal Reserve Bank of Dallas warns that tokenized bank deposits on blockchain could reduce US banking system lending capacity by $700 billion — an existential threat to the traditional business model.
Read articleBanks double down on nCino AI agents after burning through initial credits
nCino reports banks are buying more AI credits after exhausting initial bundles, signaling rapid adoption of agentic AI in financial services.
Read articleVisa joins BLOOM initiative: A new cross-border payments stack is taking shape
Visa joins MAS's BLOOM initiative alongside Circle, Stripe, and major banks to build new cross-border payments infrastructure combining stablecoins with traditional systems.
Read articleHugging Face in acquisition talks at $13B valuation amid AI infrastructure demand
The world's largest open-source AI platform Hugging Face is in talks to sell at $13B+ valuation, nearly 3x its last funding round.
Read articleSEC probes AI hedge fund Situational Awareness after billions in losses
Leopold Aschenbrenner's AI investment fund Situational Awareness faces SEC investigation after losing billions in value in late July.
Read articleCrypto card spending tops $1 billion as stablecoins move into everyday purchases
Crypto card spending triples in a year, surpassing $1 billion as stablecoins shift from speculative assets to practical payment instruments. Analysis of the trend and its impact on financial systems.
Read articleUK fintech funding drops to lowest level in at least a decade
Investment in UK fintech has plummeted to its lowest level in at least 10 years, according to Bloomberg. Analysis of causes, impact, and lessons for Asia's fintech ecosystem.
Read articleAI agent processes 2,395 payments worth $20.1 million but still needs human approval
Coupa's Payment Batch Creation Agent automatically processes 14 payment batches in first five weeks of production, but still requires human sign-off before money moves.
Read articleStandard Chartered and HSBC complete first interbank transaction on Swift's blockchain ledger
Two major banks complete cross-border transaction using tokenized deposits on Swift's blockchain-based ledger, marking a key milestone in 24/7 international payments.
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