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SoFi Brings Back Crypto
After dropping crypto investing in 2023 as a condition of receiving a bank charter, online bank SoFi Technologies $SOFI ( ▲ 5.53% ) plans to allow customers to buy, sell and hold cryptoassets once again. SoFi also will introduce global remittances on its app – an $800 billion global market. The company plans to expand into stablecoin offerings and the ability to borrow against cryptoassets. Read more →
Secret Service’s Largest Crypto Seizure to Date
Coinbase helped the U.S. Secret Service seize around $225 million worth of Tether's USDT linked to so-called "pig butchering" investment scams earlier this month. Pig butchering scams are designed to lure victims into relationships with scammers who build trust before tricking them out of money. Read more →
Polymarket nears funding at over $1 billion valuation
Polymarket is having a good year. After reportedly record-breaking traffic last month, the blockchain-based prediction market inked a partnership with Musk’s xAI. Now, according to The Information, the company is on the verge or raising $200 million in fresh funding at a $1 billion valuation led by Founders Fund. With prediction markets being all the rage right now, a question emerges: What’s next for Polymarket? IPO? Acquisition? Acquired? Read more →
