Base Hits 100M AI Payments as Armstrong Pushes 'Agentic Finance'

KB Kookmin Bank Launches Cross-Border Payments on JPMorgan's Kinexys Blockchain

SpaceX IPO Challenges Traditional Underwriting Model, Trims Junior Bank Fees

Bitcoin

This earnings beat reflects the lagged benefits of the UK's tightening cycle, where net interest margins expand as loan repricing outpaces deposit cost increases. For crypto, it reinforces a macro regime where real yields are attractive, reducing the opportunity cost of holding non-yielding assets. The broader trend of traditional finance outperforming could further suppress crypto risk appetite, especially with BTC dominance already high and altcoins underperforming.

Monzo Bank Ltd. reported a 44% jump in profit for the year through March, driven by growth in lending and higher interest income.

Monzo's 44% Profit Surge Reinforces Traditional Banking, Pressures Crypto

Monzo’s profit surge is actually bearish for crypto — it validates the traditional banking model at a time when crypto needs a crisis to attract capital.