In a bold move to bridge traditional finance with digital asset infrastructure, a team of former Signature Bank executives has launched N3XT, a state-chartered bank built on a private blockchain designed for instant, 24/7 payments. Founded by Signature Bank founder Scott Shay, the new institution represents a significant attempt to re-enter the financial landscape with a focused, technology-driven model following the collapse of its crypto-friendly predecessor. Operating under a Wyoming Special Purpose Depository Institution (SPDI) charter, N3XT will provide programmable payments via smart contracts while explicitly avoiding lending services, targeting the growing demand for always-available digital asset settlement.
about Ex-Signature Bank Team Launches N3XT, a 24/7 Blockchain Bank
Signature Bank
MicroStrategy’s Bitcoin Bet Faces Collapse Fears as Stock Plunges
Fears are mounting that MicroStrategy’s massive Bitcoin treasury strategy could unravel after the company acknowledged it might sell Bitcoin for the first time. The firm’s stock has plunged 30% in a month as Bitcoin declined, raising comparisons to historic corporate collapses like Enron and Lehman Brothers and challenging the notion that the company is ‘too big to fail.’
about MicroStrategy's Bitcoin Bet Faces Collapse Fears as Stock PlungesIran Bank Collapse: Global Warning for Financial Systems
Iran’s financial system has been rocked by the dramatic collapse of Ayandeh Bank, one of the country’s largest private lenders, exposing deep vulnerabilities in both emerging and developed financial markets. The bankruptcy, involving $5.2 billion in losses and $3 billion in debt absorbed by state-owned Melli Bank, occurs amid Iran’s simultaneous hyperinflation and severe recession, with depositors facing limited insurance coverage of just $930. This crisis highlights Bitcoin’s emerging role as a hedge against systemic financial risk, mirroring recent U.S. banking failures and revealing the universal fragility of trust in traditional finance.
about Iran Bank Collapse: Global Warning for Financial Systems