Fintech Focus For August 10, 2021

Quote To Start The Day: "You don’t need to have a 100-person company to develop that idea.”

Source: Larry Page

One Big Thing In Fintech: At a press conference in the Senate on Monday, Senators Pat Toomey and Cynthia Lummis revealed a new compromise on cryptocurrency tax provisions.

Source: Block

Other Key Fintech Developments:

• Binance.US CEO resigned post.
• Circle looking to become a bank.
• NinjaTrader cuts market barriers.
• Canopy securing $15M Series A.
• Brex withdraws key applications.
• Jump Trading bought a DeFi firm.
• Numerated adds lending features.
• Refinitiv completing integrations.
• Talos launches FX, crypto feature.
• Zeni announces $34M Series B.
• Atom Bank pulls in monthly profit.
• Bosch ML trials live on Fetch.ai.
• Capitolis plans to buy LMRKTS.
• IBKR automates documentation.
• Moove secures a $23M Series A.
• Dropp adds Pay-as-you-go offer.
• Genesis launches app composer.
• Canopy secures $15M Series A.
• DTCC added a Citadel executive.

Watch Out For This: The first major assessment from the UN-backed Intergovernmental Panel on Climate Change in nearly a decade sees no end to rising temperatures before 2050.

Source: Bloomberg

Interesting Reads:

• Presidents need bitcoin, cryptos.
• Turo filed for an IPO with SEC.
• SEC bringing its first DeFi cases.
• FB is pressed on misinformation.
• Key lessons for traders from pros.
• Too early to celebrate jobs report.

Market Moving Headline: The eventual debt ceiling suspension risks reinforcing a tighter liquidity trade as the timing of the eventual debt ceiling suspension and the Fed taper decision is likely to coincide. A strong $-scenario, and one that risks refueling the USD-belly.

Source: Nordea