💸 “Invest like the 1%”

and lose like them too?

Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.

What we’ll cover today:

💸 Yieldstreet’s investors facing heavy real estate losses

📊 The fine line between fintech innovation and investor risk

📅 Events to watch as alt assets and trust collide

Yieldstreet, a startup that lets everyday investors “invest like the 1%,” is facing huge losses in real estate projects.

🚨 Breaking News
Investors put $370M into Yieldstreet’s real estate bets. Many projects defaulted, wiping out millions. Some investors may never see money back.

⚡ Wire Simplified

  • Yieldstreet promised high returns from fancy real estate deals.

  • Projects in Nashville, NYC, and beyond collapsed.

  • At least $78M already defaulted, with more at risk.

  • One investor lost $400K and went to the SEC.

  • Yieldstreet blames high interest rates and “market conditions.”

✔️ Straight to the Point
Yieldstreet wanted to democratize Wall Street. Instead, many “everyday” investors learned the hard way: high-return real estate often means high risk.

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OpenAI CEO Sam Altman warns the U.S. may be underestimating China’s AI growth, despite heavy chip export restrictions.

🚨 Breaking News
Altman says export controls on chips won’t stop China. OpenAI even released open-weight AI models partly to counter Chinese rivals.

⚡ Wire Simplified

  • China’s AI is growing fast with open-source models like DeepSeek.

  • U.S. banned chip exports, but China finds workarounds.

  • OpenAI just launched open-weight models for developers.

  • Meta may pull back from openness, while OpenAI leans in.

  • Altman: “There’s no easy solution here.”

✔️ Straight to the Point
The AI race isn’t a sprint, it’s a chess match. Altman thinks China’s moves will reshape how America plays defense and offense.

Boston Fintech Week 2025
A week-long series of events uniting startups, regulators, and investors to discuss fintech’s role in financial inclusion and innovation.
Date: Sep 15–19, 2025 | Location: Boston, USA

Flyover Fintech 2025
Focused on Midwest fintech innovation, Flyover Fintech brings together financial leaders, investors, and startups for collaboration.
Date: Sep 23, 2025 | Location: Lincoln, Nebraska

Money20/20 USA 2025
One of the world’s largest fintech conferences, Money20/20 gathers global leaders across payments, digital banking, lending, and AI-driven finance.
Date: Oct 26–29, 2025 | Location: Las Vegas, USA

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