Chime Buys Stride Bank for $590 Million to Bring Banking In-House
The cash acquisition offers Chime a faster route to a national bank subsidiary and more control over lending and payments infrastructure.
• Fintech
News Feed
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Block Applies for a National Trust Bank Focused on Crypto Custody
Builders Bank would place Block’s bitcoin and stablecoin custody under OCC supervision without taking deposits or making loans.
• Blockchain
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India’s NSE IPO Could Value the Exchange at $46 Billion
A reported price range of ₹1,700–₹1,785 would put the long-awaited listing among India’s largest, though final terms remain unconfirmed.
• Markets
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Robinhood Adds Crypto.com Infrastructure to Its Prediction Markets
Robinhood will route selected event contracts through OG.com and take stakes in both the venue and former parent Crypto.com.
• Fintech
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Amazon Can Earn a $4 Billion Qualcomm Stake Through AI-Chip Purchases
A decade-long warrant ties Amazon’s equity upside to as much as $60 billion of Qualcomm server-chip and infrastructure spending.
• Markets
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Tamarack and Headwater Agree a C$10 Billion Clearwater Merger
The all-share combination will create the largest listed pure-play producer in Alberta’s Clearwater formation and spin off exploration assets.
• Markets
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UniCredit Wins Capital Relief for Its Insurance Holdings
ECB approval of the Danish Compromise will let the Italian bank risk-weight its insurance stakes and is expected to add about half a point to its core capital ratio.
• EU Regulation
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Swiss Banks Begin Live Tests of a Franc Stablecoin
SIX and TWINT have joined a nine-company sandbox testing CHFD for tokenized settlement, automated transactions and programmable payments.
• Blockchain
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Malaysia Faces a 9 GW Power Gap as Data-Centre Demand Climbs
Data centres briefly consumed a record 9.3% of national electricity as heat increased cooling demand and officials planned new gas capacity.
• Markets
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Mistral Raises a Record €3 Billion for Europe’s AI Challenge
Europe’s largest private technology funding round values Mistral at about €21 billion and gives the French AI group fresh capacity to build models and infrastructure.
• Markets
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Liquid Recovers 3,400 Bitcoin but Remains Offline
The return of 85% of the withdrawn reserve eases Liquid’s collateral crisis, but 598 BTC remains outstanding and the sidechain has not restarted.
• Blockchain
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Offshore Renminbi Borrowing Passes a Record $149 Billion
Dim-sum and panda bond issuance has reached Rmb1 trillion as low Chinese yields attract borrowers and Beijing broadens the currency’s reach.
• Markets
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China’s Export Surge Pushes Its Trade Surplus Toward $1 Trillion
August exports rose 25% as AI hardware, chips and vehicles offset weak domestic demand, lifting the eight-month surplus to $805.5 billion.
• Markets
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Longsys Raises $903 Million as AI Memory Profits Surge
The data-storage manufacturer’s Hong Kong shares opened near the offer price after first-half profit increased more than 260-fold.
• Markets
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Cronos Says $9.19 Million Escaped Its $120 Million Rollback
The network’s post-mortem says validators reversed $111.2 million but discarded nearly two hours of chain history and could not recover funds moved off-chain.
• DeFi
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EverBank and WaFd Agree a $3.9 Billion Reverse Merger
The transaction would create a publicly traded regional bank with roughly $75 billion in assets and private EverBank investors holding 59.2%.
• Markets
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EIB Extends €1 Billion for Belgium’s Offshore Energy Island
The bank’s largest Benelux energy-infrastructure loan will finance Elia’s grid hub for connecting future North Sea wind capacity.
• Markets
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DBS and Citi Move Tokenized Dollars Across a Weekend
A Singapore-to-New York payment settled in minutes on Swift’s Digital Ledger, testing regulated bank money outside traditional operating hours.
• Fintech
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Wistron Raises $1.47 Billion to Fund the AI Server Supply Chain
The Nvidia supplier priced 25 million depositary receipts at a 5.5% discount as raw-material needs rise alongside AI-server demand.
• Markets
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Dangote Pairs Its IPO With a $14.3 Billion Refinery Expansion
Signed offering documents disclose a one-month share sale, first-half profit and a plan to double refining capacity by 2029.
• Markets