Crédit Mutuel Arkéa lost $133 million in fiat funds that hackers immediately converted to crypto including USDC, USDT and finally Monero, according to on-chain sleuth ZachXBT and reporter Grégory Raymond.

According to the source, SoFi Bank has launched spot cryptocurrency trading. The source reports that this adds a new U.S. banking on-ramp for digital assets, enabling customers to place direct spot buy and sell orders through SoFi Bank. The source indicates this development expands fiat-to-crypto conversion options within the U.S. banking system, a trading-relevant shift for market access and liquidity routing.