By Byte & Block — exploring the building blocks of digital finance.
Today’s Menu:
- Banks Quietly Rebuild Crypto Rails
- Crypto’s Law-and-Order Moment Arrives
Fear & Greed Index Today
Prices as of 12:00 PM CET
1️⃣ SoFi Re-Enters Crypto: The Banks Are Back
SoFi just reopened spot crypto trading in its app — its first real move back into digital assets since 2023.
When a regulated U.S. bank offers spot trading again, it’s not about retail speculation — it’s about banks quietly building crypto rails while pretending they’re not “in crypto.”
This isn’t SoFi chasing hype. It’s SoFi preparing for the next wave of on-chain fintech, though their stock price certainly received a jolt form this.
2️⃣ The “Strike Force”: U.S. Regulators Get Organized
The DOJ, FBI, and Secret Service have teamed up under a new “Crypto Scam Center Strike Force.”
The name sounds dramatic — but the move itself signals something deeper.
Regulators aren’t just cleaning house — they’re drawing a map of what’s “acceptable crypto.”
Once they define that, the big players move in fast.
We might finally see the line between “DeFi risk” and “Institutional DeFi” being drawn in real-time.
Meme of the day
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