Bitcoin soars past $66,000 as ETFs attract significant inflows π€π; Mercado Libre aims to revolutionize Mexican banking landscape π¦π²π½; Chime taps Morgan Stanley for 2025 IPO π³π
FinTech is Eating the World, 27 September
Hey Everyone,
Good morning & happy Saturday! Weβre finishing another incredible FinTech week on the weekend but itβs surely worth the wait π€« Today weβre looking at Bitcoin that soars past $66,000 as ETFs attract significant inflows (what does this tell us & what can we expect next + bonus reads on finance giants that are now doubling down on crypto), Mercado Libre which is aiming to revolutionize Mexican banking landscape (why the recent banking application matters + bonus deep dive into LatAmβs FinTech giant), and Chime which just tapped Morgan Stanley for 2025 IPO (why it matters + some bonus reads on Chime & its biggest competitor). So without further ado letβs just jump straight into the incredible stuff πΆοΈ
Bitcoin soars past $66,000 as ETFs attract significant inflows π€π
Following the money πΈ Bitcoin's price has broken through the $66,000 mark, reaching levels not seen since late July.
This upward momentum coincides with continued inflows into U.S. spot Bitcoin ETFs and positive economic data, signaling growing investor confidence in the cryptocurrency market.
Letβs take a quick look at this and see why it matters.