The industry’s most trusted onchain providers are aligned on real-time, global-scale infrastructure.With a parallelized EVM battle-tested for over two years, Sei is the high-performance home for modern onchain finance.Markets Move Faster on Sei. ($/acc) https://t.co/g3pxjV5SdE ...

Core Insights - SoFi has become the first nationally chartered bank in the US to offer a retail crypto trading platform, aiming to attract a traditional finance audience to cryptocurrency [1][2] - The move raises questions about its target audience, as SoFi's user base primarily consists of millennials who already have access to established platforms like Robinhood and Coinbase [3][4] Industry Implications - The introduction of crypto trading by SoFi may be seen as an attempt to capitalize on the growing trend of cryptocurrency, but it is unclear how much impact it will have on user adoption [4][6] - There is a concern about "crypto washing," where companies may superficially adopt crypto features without substantial user engagement or innovation [6][7] Competitive Landscape - SoFi faces challenges in attracting talent compared to native crypto platforms like Coinbase, which may hinder its ability to innovate in the crypto space [7][8] - The competitive advantage of traditional banks offering crypto trading may be limited, as users can find similar or better services on existing crypto platforms [9][10] User Experience and Offerings - SoFi's pitch includes the ability to earn yield on deposits while trading cryptocurrencies, but the yields offered are not competitive compared to those available on platforms like Coinbase [11][12] - Concerns exist regarding the execution prices for trades on SoFi compared to direct trading on platforms like Coinbase or Robinhood, which may not provide the best rates for users [14][15] Future Developments - SoFi has hinted at potential future offerings such as a stablecoin or crypto-backed lending, but the feasibility of these initiatives is questioned due to market fragmentation and existing competition [16][17][19] - The dominance of established stablecoins like Tether and Circle poses a significant barrier for SoFi to gain market share in this area [19][20]

"Proof of reserves and proof of backing. Every token and asset has to have something that is verifiable."At SmartCon, @TomZschach, Chief Innovation Officer at Swift, explained the critical role of verifiability in onchain finance and why every asset must be backed by transparent, provable data ↓Chainlink (@chainlink):"Chainlink's role is going to continue to evolve and that's going to be an important aspect for the industry."During his SmartCon keynote, Swift CIO @TomZschach emphasized the importance of pro ...

A new privacy standard for onchain finance.What Chainlink Confidential Compute unlocks:https://t.co/72OzrUyXuh• Private smart contracts, verifiable by default.• Private access to data, APIs, and identity providers.• Private tokens, transactions, and cross-chain settlement.• And much more—from platform-level privacy to global market integration. ...

Two new tokens are live in the US 🇺🇸💦 $HYPE — powering onchain finance via the Hyperliquid DEX and L1 (@HyperliquidX)🤖 $KITE — an L1 enabling onchain AI interaction for the agentic internet.Now tradeable on the New Money App 👇https://t.co/sYZHTVo1sV https://t.co/stnzRDEEJz ...

Onchain Finance - Colb 将进入以太坊网络 [1] - 现实世界的金融正在走向链上 [1] - Colb 的资产，包括代币化的结构性基金、pre-IPO 和管理策略，将很快在以太坊主网上本地访问 [1] Decentralized Infrastructure - 行业正在构建一个更安全和包容的金融系统，该系统始于在全球范围内得到验证的开放、去中心化基础设施 [1]

Core Insights - Circle Internet Group's focus on developing USDC-based payment infrastructure is expected to enhance long-term growth prospects, with the launch of Arc, a new open Layer-1 blockchain for onchain financial applications now available for public testnet [1][9] Group 1: USDC and Payment Infrastructure - Arc supports programmable capital markets, global payments, and tokenized assets with predictable dollar-based fees, sub-second finality, optional privacy, and native integration with Circle's platform products, including USDC [2] - As of October 16, $75.86 billion USDCs were in circulation, backed by highly liquid, price-stable cash and cash equivalents, gaining traction due to an improving regulatory environment, including the passage of the GENIUS Act [3] - Circle Payments Network is a platform for financial institutions to utilize stablecoins for payments, with over 100 institutions in the pipeline, and Circle Gateway enables seamless cross-chain USDC usage supported by eight new blockchain partners [4] Group 2: Competitive Landscape - Circle faces competition from Strategy (MSTR), which holds 640,250 bitcoins and expects a bitcoin yield of 30% with potential gains of $20 billion if bitcoin reaches $150,000 by year-end [5] - IREN Limited, a low-cost bitcoin miner, achieved 326% year-over-year hashrate growth and is expanding its GPU fleet with additional NVIDIA GPUs [6] Group 3: Stock Performance and Valuation - Circle shares have increased by 2.6% in the past month, outperforming the broader Zacks Finance sector, which saw a decline of 0.6% [7] - The Zacks Consensus Estimate for 2025 earnings is projected at a loss of $1.94 per share, an improvement from previous estimates [11]

Industry Trend - The entire financial world, including banks, financial institutions, market makers, custodians, payments companies, and research businesses, is transitioning onchain [1] Sentiment Analysis - The industry suggests that current bullish sentiment regarding the onchain transition of the financial world is insufficient [1]

Core Insights - Circle Internet Group has launched the public testnet for Arc, an open Layer-1 blockchain aimed at increasing economic activity onchain [1] - Arc is described as a new "Economic Operating System" for the internet, featuring predictable dollar-based fees, sub-second transaction finality, configurable privacy, and integration with Circle's platform [1] Industry Collaboration - The network has attracted collaboration from over 100 institutions, including major players like BlackRock, Visa, and Amazon Web Services, as well as banks and fintech companies [2] - Early partners include significant financial institutions such as Goldman Sachs, BNY Mellon, and Société Générale, who will experiment with tokenized assets and programmable FX settlement [4] Financial Infrastructure - Circle aims to create a unified, programmable financial infrastructure for the global economy, enabling faster and more inclusive financial systems [3][7] - The testnet features integration with global payments and fintech leaders, targeting cross-border payments and merchant settlements [5] Governance and Future Vision - Circle plans to transition Arc towards distributed, community-driven governance, expanding validator participation and ensuring transparent operations [6] - The vision for Arc is to serve as a shared, neutral layer of economic infrastructure that connects regulated institutions, fintech innovators, and decentralized networks [7]

Wall Street demands trusted data. Battle-tested rails. Real-time execution.Chainlink. Sei. Monaco.Three pillars of the onchain financial stack — coming together for an exclusive event in NYC during SmartCon Week.Where Wall Street meets $/acc. https://t.co/nyL2cgjPT4 ...