Coinbase is launching a media arm.
DeFi platform Maple has launched.
More funding flows into Pipe fintech.
Goldman Sachs grows TS relations.
Waffle closes $5M total seed round.
ICE adds new BondLink investment.
Wingocard launches amid financing.
Transcend launches new solutions.
CrossTower provides crypto fintech.
Circle adds to team new leadership.
Paxos edging into banking system.
Altruist secures funding to innovate.
Customers Bank is looking to scale.
Watch Out For This: It’s been a rough two weeks in the crypto world, where as much as $1 trillion in market value has evaporated. Wednesday may be the worst of it, as the world’s two largest digital asset exchanges, Binance and Coinbase Global Inc., suffered service outages, sending Bitcoin falling the most since 2013.
Fintech Focus For May 21, 2021
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Secfi secures $150M investment.
Rally added $30M Series B round.
Twitter crypto trading via Bottlepay.
Fidelity launches kid-friendly offers.
Lance closes on $2.8M financing.
Brex unleashes new product offer.
HSBC looks into digital wallet tech.
Temenos has crypto bank support.
Fireblocks passed $600B transfers.
Vise raises $65M in Series C round.
Ally Lending eyeing PoS financing.
Valencia’s potential as fintech hub.
I2c has added new leaders to team.
JPMorgan Chase eyes innovation.
Bybit will launch ethereum futures.
China bans institutions from crypto.
Batman artist to create comic NFT.
You can call Amount a unicorn now.
DailyPay adds $500M to transform.
US banks may cut nearly 200K jobs.
Clubhouse will launch Android app.
Soros bought stocks Archegos hurt.
AT&T prepares a Discovery merger.
How to prevent AI facial recognition.
Big tech s reputation taking a plunge.
Google wins a SpaceX Starlink deal.
Market Moving Headline:
Other key takeaways include:
– JPM: “Market is a little oversold.”
– Indices reject lower prices, rotate.
Technically speaking, after testing into a composite low volume area (LVNode), the S&P 500 rejected lower prices and quickly traded back to the valuable $4,177.25 high volume area (HVNode).
This volatility was expected; coming into the May 13 reversal, stock indexes were positioning for a vicious rebound as near-term downside discovery reached a potential limit, based on market liquidity metrics and the inventory positioning of participants. According to SqueezeMetrics, the steepness of the GammaVol (GXV) curve suggested there was more risk to the upside than the downside.
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