Daily Edition · Page 10

THE DAILY INDEX

Technology, AI, software, security, crypto and business

GENERAL

TLDR Fintech

RAMP IN TALKS FOR NEW FUNDING AT $60B VALUATION

Ramp is reportedly discussing a new funding round at a $60 billion valuation, up from $44 billion just a few months ago and $13 billion in March 2025. The company has surpassed $1 billion in annualized revenue, says transaction volume is growing more than 170% year over year, and is leaning on AI-driven expense, procurement, and model-spend management as a major part of its growth story ahead of a potential IPO.

CHIME AGREES TO ACQUIRE STRIDE BANK FOR $590M

Chime agreed to acquire longtime partner Stride Bank for $590 million in cash, giving the fintech a national bank charter and bringing banking infrastructure in-house under the future Chime Bank, N.A. The deal is expected to be immediately accretive and generate more than $100 million in net synergies through lower partner-bank fees, cheaper funding, and expanded lending, while giving Chime tighter control over product development, compliance, and its balance sheet.

PAYPAL HELPS DEVELOPERS BUILD APPLICATION-SPECIFIC PYUSD-BACKED STABLECOINS

PayPal is working with crypto specialists MoonPay and M0 on an infrastructure platform that lets developers create application-specific stablecoins backed by PYUSD. Launched in 2023, PYUSD is PayPal's own dollar-backed stablecoin, issued by Paxos Trust Company, a federally regulated national banking association. The new platform, called PYUSDx, aims to help developers launch application-specific stablecoins quickly while leveraging the core foundation of PayPal's established token.

DATA CENTER SPENDING TO REACH $32T BY 2050, PWC SAYS

PwC projects that meeting global demand for artificial intelligence will require $31.6 trillion in infrastructure investment through 2050, potentially rising to $50 trillion if adoption accelerates. The US is expected to capture nearly half of the capital, while recurring replacements of chips and other hardware will account for most of the investment. Access to reliable electricity and semiconductors will ultimately determine which regions benefit most.

DEFI: ROBINHOOD'S LEADING LAUNCHPAD STAPLED $5B OF MEMES TO STOCKS

Pons, a meme-token launchpad on Robinhood Chain, pairs new tokens against tokenized Robinhood stock tokens instead of crypto, making it the top fee-generating protocol in DeFi at $1.45M/day. The structure mirrors Olympus DAO's 2021 bonding trick, using real equity exposure as collateral to give meme coins a quoted price, with one case pushing a wrapped HIMS token to $132 versus a $28 real close.

VISA BRINGS ONCHAIN LENDING INTO EVERYDAY PAYMENTS

Visa is combining VisaNet settlement data with blockchain lending infrastructure to help stablecoin-linked card programs and fintechs access working capital, using real-time payment performance to support underwriting, collateral management, and automated repayment. The model is already live with Credit Coop, which has financed more than $2.5 billion of settlement volume with zero defaults, as Visa expands its broader stablecoin strategy across settlement, card programs, and digital asset infrastructure.

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