TVL Misleads DeFi Valuations; Loan Book Matters
One of the biggest mistakes in valuing DeFi lending protocols is using TVL as the primary metric. TVL measures net collateral. It does not measure lending activity. Compare Aave vs SoFi at the end of 2025: Aave ~$52B supplied ~$22B active loans (the loan book) ~$700M+ borrowing interest flows ~$150M retained by the DAO SoFi ~$37.5B deposits ~$38B loan book ~$1.8B lending revenue (interest earned) ~$481M net income In TradFi: deposits are liabilities / cost of capital loans are the earning assets lenders are analyzed on loan books, interest income, spreads, and asset growth But in DeFi, the market mostly looks at TVL and DAO-retained fees. That’s like valuing a bank only on net interest spread while ignoring the size of the loan book and gross interest flows. Under traditional financial accounting frameworks, Aave looks far closer to a +$700M lending business than a $150M revenue protocol to be comparable (without counting equity). TVL is not the revenue basis for lending protocols. Loan books and interest flows are.
SoFi Must Showcase Real AI-Driven Finance Disruption
$SOFI should start talking about how AI will enable it to revolutionize finance and disintermediate legacy finance and banking. No AI washing. A real, measurable application of the technology. That will get the attention of the market. 🚀 Great interview, but...
Institutions Get Real Tokenized Asset Access Solutions Today
You can discuss tokenized assets all you want. But if institutions don't actually know how to access them, nothing changes. That's why I'm moderating "How Institutions Actually Access Tokenized Assets" at @proofoftalk 2026. Not theory. Not roadmaps. The actual infrastructure, #custody solutions, and...
Agentic Commerce Evolves Across All Eight Transaction Steps
Agentic commerce isn't just payment or discovery. It's a whole chain of events that lead up to the payment. Each of those moments in the lifecycle is becoming more agent-driven over time. This post maps the 5 levels of agentic commerce across...
Adyen: The Silent European Giant Powering Global Payments
Every time you pay Uber, Spotify, Meta, H&M, or McDonald’s, there’s a good chance Adyen is behind it. It processes hundreds of billions of dollars every year. Yet most people have never heard of them. This is the story of...
BlackRock Files Tokenized Treasury and Stablecoin Funds
BlackRock Submits New Tokenized Fund Structure via Securitize BUIDL is at $2.3B. Now two new fund filings: BSTBL (treasury liquidity) and BRSRV (stablecoin reserve). https://t.co/VssuSMNbWN
Trillions Will Move On‑Chain via One API
The next decade in finance is one bet, move all money onchain. like @0xMarcB said, that TRILLIONS of dollars migrating onchain. and we do it with one API: The Open Money Stack. 💪 this isnt our first trillion @0xPolygon https://t.co/7A4AfYbrGr
Plaid Launches AI Models, Guarantees Instant ACH Transfers
Financial infrastructure provider @Plaid introduced two in-house foundational artificial intelligence models on Thursday that aim to dramatically improve how the company classifies transaction data, capping off a week of back-to-back security and payment launches ahead of its annual Plaid...
Agents Require Stablecoin Infrastructure, Not Venmo
Agents do not need Venmo. They need balances, permissions, instant settlement, programmable limits, and the ability to pay another machine at one-thousandth of a cent. That is not a card network. That is stablecoin infrastructure.
Quality Data Fuels AI-Driven Intelligent Finance
AI potential in #Fintech is dependent on quality data. Open finance is rapidly evolving into intelligent finance. @Plaid’s data network of 9,000 apps and 12,000+ institutions makes it possible to build models that provide real understanding of how money moves...
Tokenized Treasuries Enable Institutional Yield‑Bearing Collateral
OKX, BlackRock and Standard Chartered: Tokenized Treasuries as Collateral A G-SIB just used BlackRock's BUIDL tokens as yield-bearing margin on OKX. Standard Chartered as custodian. Your collateral earns Treasury yield while it's locked. This is capital efficiency that TradFi couldn't offer...
From $1.5M Startup to Fintech Empire Powering Half of Brokers
She launched a $1.5M trading startup at 29—then built a multibillion-dollar fintech empire powering half of online brokerage accounts.
ZK‑Enabled Blockchains Will Replace Inefficient Payment Relays
Blockchain and ZK matter, because they will be the basis layer for how everyone will manage their financial activity in the future. We run our lives on the internet but we still pay online with money that isn't really internet-appropriate. I...
Fed Proposes “Skinny” Master Accounts, Delays Tier 3 Crypto Access
NEW: 🇺🇸 Fed issues request for comment and proposed rulemaking for "skinny master accounts" to give eligible fintech and crypto firms access to its payments system, while pausing new Tier 3 (mostly crypto) master account decisions until Dec. 2026
Erica's Evolution Signals Banking's AI-Powered Future
Erica started as a virtual assistant. Today, it supports 65 million clients across consumer banking, wealth management, and treasury services. In this episode, @markaragnos, of @BankofAmerica, discuss what that evolution means for the future of banking. 👉 Watch the full episode: https://t.co/5o3bHGv9z3
Mercury's Software-First Banking Revolution Is Just Beginning
And @mercury is just getting started. As they roll out more everyone will get to see what it means to have a bank that is software first.
AI Automates Finance Data Entry, Unlocking Trillions
.@qomplementai automates manual data-entry work. AI agents that process invoices, POs, and reconcile AP. Finance typing invoices into Excel by hand. Ops logging into vendor portals. Procurement copying POs into ERPs. McKinsey estimates $2.9T is locked in this work. qomplement connects to...
Binance Unveils X402: HTTP-Native Payments for AI Agents
NEW: Binance launched x402, a new HTTP-native programmable payment system on BNB Chain for AI agents and automated commerce https://t.co/U2Ar85E2cs
Open Banking Meets AI: Policy Innovation at Toronto Symposium
Excited to be in Toronto at the Canada FinTech Symposium 2026 today speaking on 'Open Banking & Policy Innovation in the Age of AI' with my @chyppings hat on! @CanadaSymp70327 #AgenticAI #OpenBanking #Fintech https://t.co/dgaNbjaSLS
New Agentic Commerce Standards Enable Secure AI Payments
Yup we've got updates on #AgenticCommerce at @Google 's #GoogleIO We've got the expansion of UCP, an open standard co-developed with major tech companies like Amazon and Microsoft, and its application in various sectors. The Agent Payments Protocol (AP2) ensures...
One API Powers All Neobank Functions
Imagine how easy it would be for neobanks to get every capability from a single open stack. Wallets, ramps, crosschain routing, compliance, settlement in one API. That is what we are building. Reach out.
E‑commerce Credit‑card Spend Matches POS, UPI Leads
Credit cards: Ecommerce has really picked up and is now equal to pos terminal transactions by value. UPI of course is a massive scale larger (next tweet) https://t.co/LKkJOfz8QL
Brazil's Bradesco Launches Crypto Custody for 75M Customers
Bradesco, one of Latin America’s biggest banks, just announced it will start offering Bitcoin and crypto custody services. They serve more than 75 million customers. Traditional finance is rapidly adopting crypto. 🚀 https://t.co/wOuKXvSK5d
Digital‑native Firms Rival Banks with Far Fewer Staff
𝗧𝗼𝗺 𝗟𝗲𝗲 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝟱 𝗼𝗳 𝘁𝗵𝗲 𝟭𝟬 𝗹𝗮𝗿𝗴𝗲𝘀𝘁 𝗯𝗮𝗻𝗸𝘀 𝗶𝗻 𝘁𝗵𝗲 𝘄𝗼𝗿𝗹𝗱 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗱𝗶𝗴𝗶𝘁𝗮𝗹𝗹𝘆 𝗻𝗮𝘁𝗶𝘃𝗲 𝘄𝗶𝘁𝗵𝗶𝗻 𝗮 𝗱𝗲𝗰𝗮𝗱𝗲: "JPMorgan makes $60 billion a year, the most profitable bank in the world, with 300,000 employees. Jane Street... just reported $10 billion...
FIS and Anthropic Deploy Agentic AI for AML Investigations
FIS and Anthropic Launch Agentic AI for Bank AML Investigations - Fintech Schweiz Digital Finance News - FintechNewsCH https://t.co/MMfz0yzfyj https://t.co/J2MyKukFl2
ChatGPT Seeks Bank Access, Sparking Privacy Concerns
ChatGPT now wants to connect up to your bank accounts — so what could possibly go wrong? https://www.techradar.com/ai-platforms-assistants/chatgpt/chatgpt-now-wants-to-connect-up-to-your-bank-accounts-so-what-could-possibly-go-wrong
OpenAI Introduces Personal Finance Assistant for Account Queries
OpenAI is launching a personal finance experience so you can connect up accounts and ask questions about your money. https://t.co/Vhg1tF4xRy
New Firm Erebor Urges Venezuela to Regain US Banking Access
Erebor, which started operating 3 months ago, pitches Venezuelan officials on restoring the sanctioned country’s access to the U.S. financial system, per Bloomberg: https://t.co/D3QouE1Rrj
ChatGPT Becomes Your Personal Finance Advisor, Replacing Mint
💸 ChatGPT just became your new financial advisor. @OpenAI launched personal finance tools letting Pro users link bank accounts, track spending, and plan for the future — powered by Plaid across 12,000+ institutions. Mint is dead. Long live ChatGPT. 🤖📊 https://t.co/NJwqwaRxRG
Half of US Consumers Now Rely on AI for Finance.
Half of US consumers now use AI to manage their finances. Newrez reported 10% a year ago. A mortgage lender shipped an AI agent inside ChatGPT this week. Your CX team is still optimizing the landing page. Who owns the channel that just...
Revolut Cleared to Launch Full‑service Wealth Platform
#Revolut primed for wealth management push after FCA approval: After securing a series of permissions from the Financial Conduct Authority (FCA), challenger bank @Revolut is set to expand its investment services in the UK. It will allow Revolut to offer more...
Stablecoins Shift From Payments to Agentic Economy
Jeremy Allaire (@jerallaire) is the Chairman, CEO, and co-founder of @circle, the issuer of USDC — a stablecoin with nearly $80 billion in circulation and a core piece of the broader stablecoin market, which has grown from zero to more...
Susquehanna's Market-Making Threatens Kalshi, Polymarket via Robinhood
I have said this a few times but think this is going to pose a very interesting threat to Kalshi and Polymarket. Susquehanna does a lot of market-making on the prediction market platforms, and a lot of Kalshi's order flow...
Clarity Act Paves Way for US Crypto Leadership
NEW: 🇺🇸 $XRP founder Brad Garlinghouse said the Clarity Act is a key step toward giving millions of crypto users clear rules and protections while helping the US lead in crypto innovation https://t.co/SVVa53eNtb
Bipartisan Momentum Grows for Digital Asset Legislation
WATCH: 🇺🇸 House Financial Services Committee Chair French Hill says he is encouraged by bipartisan progress on digital asset legislation ahead of today’s Senate Banking Committee markup of the Clarity Act https://t.co/1nDpXoG02W
Bunq Seeks Mexican License Amid Trust‑driven Unbanked Gap
Dutch digital-only bank bunq (yes, it's stylized as "bunq") has applied for a bank license in México. While about half of Mexican households are unbanked, the root causes are primarily tax avoidance & lack of trust in banks - not technology...
Clarity Act Set to Unlock Institutional On‑Chain Payments
I think a lot of ppl are still underpricing what the Clarity act is about to do to onchain flows. The Genius act greenlit stablecoins and the worlds biggest payment companies were moving onchain almost overnight. Clarity is the next unlock,...
Pagaya's AI Engine May Be Undervalued Despite One-Off Loss
Pagaya Tech (NASDAQ: PGY): AI Credit Platform (small cap) Helps banks/fintechs/auto lenders assess loans, package into ABS. GAAP profitable, low P/E vs peers. But $140M one-off loss + relies on external borrowing. Market underpricing AI engine or pricing risk correctly? https://t.co/02retTW6kn
Human Verification Can Prevent $28B Fraud Losses
$28B+ in improper payments. Phantom claims. Duplicate identities. FaceTec shows how verifying a real, living human can stop fraud before it starts. 👉 https://t.co/SCvzoUsitU @FaceTecInc #ViVE2026 #HITSM
Google Integrates Klarna, Affirm Into Gemini AI Checkout
Buy now, pay later services in AI surfaces -> Google Adds Klarna, Affirm as AI Shopping Payment Options in Gemini app and in AI Mode "When shoppers are making a purchase from Gemini or Google search results, Affirm and Klarna...
AI Drives Massive Shifts in Commerce, Finance, and Tech
AI Revolution: Stripe ignites agentic commerce, GM axes IT jobs for AI talent, and NVIDIA bets $40B on AI founders. Read the signals shaping tomorrow’s retail, finance, and tech landscapes. https://t.co/YcBYMfOYzl
Europe's Banks Deploy Smart Bond Contracts on Blockchain
European milestones for natively digital debt: 1️⃣ 🇩🇪: DZ BANK & KfW mapped the full lifecycle of a crypto bond on a public blockchain - proving Smart Bond Contracts can autonomously handle payments. https://t.co/3WAevr3yBs 2️⃣🇨🇭: Keyrock issued an on-chain corporate bond via Sygnum...
Paytm Uses Luxembourg to Launch European Fintech Expansion
Paytm Expands to Europe via Luxembourg Hired Nasir Zubairi to lead regional ops. Sharma at Nexus: AI fraud detection, credit scoring, payment infrastructure. India's fintech model = third template alongside US/China. Luxembourg as EU gateway for global fintechs https://t.co/SGolZkVXzx
Brands, Media, Games Likely Lead Future Digital Currencies
When it comes to next-generation digital currencies, it could well be global brands, media and games at the forefront rather than banks: https://t.co/fKmrYR2uQ8 https://t.co/tTqQCRTovW
Targeting Mid‑Market Firms with a Multi‑Product Ecosystem
More on Flex's GTM strategy that's 85% organic: "We don't really give a shit about product focus. What we really give a shit about is customer focus. We have a very narrow customer persona of between $3m and $100m in revenue. It's...
Payward Raises Capital, Fuels $2.65B Acquisition Spree, Eyes IPO
Payward, the parent company of crypto exchange @krakenfx, is raising new capital at a $20 billion valuation. The fundraising is tied to an aggressive acquisition spree. Most recently, @Payward acquired stablecoin-focused payments firm @reapglobal for $600 million and digital asset derivatives platform...
Casey Neistat Shows Bitcoin Beach's Everyday Crypto Adoption
Casey Neistat, who has over 12 million subscribers on YouTube, visited El Salvador’s Bitcoin Beach He also documented how BTC has been integrated into daily life in the country https://t.co/pdkvK0zLNk
Bitcoin Wallets Struggle with Variable‑amount Merchant Payments
😂 Also, this is an example of a UI problem for Bitcoin wallets: there's no good way to replicate this UI with Lightning, or anything similar, because the merchant wants the ability to take up to hundreds of dollars from you. Same...
Mobile Wallets Boost Security and Credit Card Utilization
Using payment services like Apple Pay and Google Pay can offer extra security and encourage you to maximize your credit cards. https://t.co/VPFoaKTwsB
Coinbase Gains Recurring Revenue, Faces DAT Competition
Coinbase has recurring revenue from the Circle deal. The main competition for Coinbase is the rise of DATs, which creates an alternative way to trade. -- Ram on Coinbase's future https://t.co/74yrKrKmOJ