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- US Banks are making big 💵
US Banks are making big 💵
while Crypto theft hits a scary new record 💀
Welcome to Fintech Wire — your quick guide to what’s shaping finance and tech today.
What we’ll cover today:
✅ Big banks making big money
✅ Crypto theft hits $2.8B… and counting
✅ What to watch at next week’s top fintech events
Source : Pexels
America’s biggest banks (JPMorgan, Wells Fargo, Citi) just had a blockbuster quarter, making billions despite Trump’s messy economy.
🚨 Breaking News
Banks made $39 billion in profits last quarter, way above expectations, thanks to trading, loans, and fearless dealmaking.
⚡ Wire Simplified
JPMorgan alone made $15 billion, that’s more than its 3 next competitors combined
Investment banking bounced back fast after early market chaos
Consumers keep borrowing (credit cards are up!) and paying loans on time
Trump’s spending and deregulation are giving banks even more room to grow
Wall Street isn’t worried about a recession anymore, for now
✔️ Straight to the Point
Banks are thriving, the economy is holding up, and even Jamie Dimon sounds... optimistic?! Let’s see how long it lasts
💸 Do you think big banks will keep breaking records this year? |
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Source : Shutterstock
Hackers, thieves, and even kidnappers are targeting crypto owners and platforms. Chainalysis reports a record-breaking year for crypto theft.
🚨 Breaking News
Over $2.8 billion in crypto stolen so far in 2025, hacks, kidnappings, and finger-chopping ransom schemes included.
⚡ Wire Simplified
Bybit hack, North Korea-linked hackers stole $1.5 billion in February
Wallet thefts are rising with violent attacks on individuals
More people plus higher crypto prices means more theft opportunities
Criminals now prefer many small victims over big heists
Flaunting wealth online, big mistake in crypto world
✔️ Straight to the Point
Crypto adoption is rising but so are crimes. If you’re flexing your Bitcoin bags online… maybe stop doing that.
The reaction of a British founder who went to visit YC:
"It has a fantastic buzz about it – a huge empowering energy – but also a collaborative and encouraging kindness that could so easily be absent."
— Paul Graham (@paulg)
6:49 PM • Jul 17, 2025
If you have team members who are unwilling to embrace AI to improve their efficiency you have to get rid of them.
It’s that simple. Unwilling, out.
Innovate or die. It’s that time.
— Harry Stebbings (@HarryStebbings)
10:05 AM • Jul 18, 2025
Money20/20 USA 2025
Money20/20 USA is a premier event that brings together the global FinTech community to discuss the future of money, payments, and financial services. The event features industry leaders, innovators, and disruptors.
Date: October 26–28, 2025 | Location: Las Vegas, NV, USA
Latin America FinTech Summit 2025
This event highlights innovations in the LatAm FinTech market, focusing on remittances, digital banking, and financial inclusion.
Date: October 2025 | Location: Mexico City, Mexico
Book your seat here
What do you think about today’s edition? |
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Fintech Wire News.
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