On The Brink with Castle Island Weekly Roundup 06/27/25 (Bitcoin for mortages, Fiserv adopts stables, Fed drops reputation risk) (EP.639)
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Jun 27, 2025 This week dives into the fascinating intersection of crypto and traditional finance. Discussions cover the Federal Housing Finance Agency's historic move to accept cryptocurrency for mortgages. The implications of New York City's political landscape are examined amidst concerns about governance and housing. Fiserv’s bold steps into the world of stablecoins with major partners are highlighted, as well as the changing face of banking regulations. With Bitcoin gaining traction, the potential for outdated banking hours raises eyebrows. All in all, a lively exploration of innovation and market dynamics!
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Watching NYC Election in Real Time
- Nic Carter was glued to Polymarket during the NYC mayoral Democratic primary for real-time election updates.
- Matt Walsh lamented the prospect of a socialist mayor and the difficulty of good governance in major cities.
Fiserv's Stablecoin Integration Impact
- Fiserv's stablecoin pilot on Solana aims to integrate stablecoins into traditional banking payments.
- This blurs lines between banks and crypto, raising questions about competition with customers.
Crypto Qualifies for Mortgages
- The FHFA now accepts cryptocurrency as qualifying assets for conforming mortgages.
- This recognizes crypto as legitimate wealth without forcing owners to liquidate holdings for home buying.