SoFi: A bank goes full crypto

plus: a public-private network bridge, UK innovation (ha), rate cuts and more

“The empty vessel makes the loudest sound.” – Plato ||

Hello everyone! There’s something about falling leaves that feels festive, right? Maybe it’s that they remind us of confetti. Or maybe it’s because we know Thanksgiving, Christmas, Hannukah and more are fast approaching. Either way, I’m ready… 🍂🎄

Some of you already know that this newsletter now has a little Spanish sister, Cripto es Macro - I sent out her third issue yesterday. It publishes less frequently than the flagship (the one you’re reading) and has less content, but for now it’s free. If you know any Spanish speakers who would be interested, do please give them a nudge to sign up!

---

PUBLISHED IN PARTNERSHIP WITH: ✨ ALLIUM ✨

As traditional finance and crypto converge, trusted data is the missing infrastructure layer. Allium provides this data foundation for teams like Visa, Stripe and Grayscale.

Our latest whitepaper published with Visa, Stablecoins Beyond Payments: The Onchain Lending Opportunity, examines how banks can access emerging credit markets, as stablecoin lending volumes reached over $50bn in August 2025.

If you’re producing institutional crypto research or analytics, start with trusted data. Explore a live demo.

---

IN THIS NEWSLETTER:

• SoFi: A bank goes full crypto

• The public-private network bridge

• UK: a brake on innovation

• Macro-Crypto Bits: rate cut doubts, market caution, small business sentiment

WHAT I’M WATCHING:

SoFi: A bank goes full crypto

Back in March, the Office of the Comptroller of the Currency (OCC) issued an interpretive letter saying that bank activities would be treated consistently regardless of the technology, effectively giving the green light for chartered institutions to offer crypto asset services.

But we haven’t seen a lot of movement on this front. That may be about to change.