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Bluevine and Coverdash Partner to Embed Business Insurance for Small Businesses - ProgramBusiness
Bluevine and Coverdash have partnered to bring commercial insurance directly into Bluevine’s small business banking platform.
Baltimore’s small business owners want the city to codify more protections
Zehbras CrossFit is the thriving, Black-owned, affordable, and accessible fitness space owner and CrossFit coach Jeanelle Spencer long wanted to bring to Baltimore’s Black Butterfly. On any given weekday afternoon, barbells slam onto rubber mats as Spencer’s neighbors in Waverly cycle through burpees, pull-ups, squats, and more in the small gym at 3302 Greenmount Avenue. […]
Cigna Healthcare Introduces Health Sense To Connect Guidance, Benefits and Clinical Support Around Each Person, Improving Affordability and Outcomes
/PRNewswire/ -- Cigna Healthcare, the health benefits division of The Cigna Group (NYSE: CI), today introduced Health Sense℠, a personalized customer and...
Craig Pawson Appointed Referee for Aston Villa vs Brentford
Craig Pawson will referee Brentford's Premier League trip to Aston Villa on Saturday, with Peter Bankes on VAR duty at Villa Park.
Caitlin Clark sends emotional message after missing Fever exit interviews
Caitlin Clark wasn’t with the Fever for Saturday’s exit interviews, but there was a meaningful reason behind her absence.
Bluevine adds Coverdash business insurance to banking platform
Jersey City-based Bluevine has added Coverdash-powered commercial insurance options to its digital banking platform for small businesses.
"Honestly..." Former Feyenoord Player Opens Up On Ajax This Season
Alireza Jahanbakhsh has shared his thoughts on Ajax after the Amsterdammers drew 2-2 against Excelsior.
Poll: Cost of Health Care and Gas Top Voters' Midterm Concerns; Democrats Hold Significant Advantage on Health Care Costs and Cost of Living
Just a month away from the midterm elections, affordability worries continue to top the public’s list of midterm election issues, with health care costs and gas costs tying as the top economic concern, KFF’s new Health Tracking Poll finds. Voters overall trust Democrats more than Republicans to handle the cost of health care and the cost of living.
Kenya confirms first Ebola case imported from Congo, patient has died
Kenya has recorded its first confirmed Ebola case, a Kenyan citizen who has been living in Democratic Republic of Congo and arrived in Nairobi on Saturday, health minister Aden Duale said.
Oregon's Defense in Question Entering Touch Game Against UCLA
The Ducks' defense needs to be ready on Saturday.
What To Expect From Phoenix Suns During Preseason Play
Coach Jordan Ott tests a revamped, athletic roster to forge a new defensive identity and solidify rotations before the regular season tips off against Portland.
After FBI departure, Andrew Bailey says his focus is not on 2028
Andrew Bailey walked out of the J. Edgar Hoover Building in Washington, D.C. Friday and was back in Missouri watching his son play football Saturday, ending a roughly 13-month stint as co-deputy director of the FBI.
Chicago Bulls Sign Former Pelicans Guard Jordan Hawkins to Two-Way Deal
The Bulls have filled their third and final two-way contract slot with a former lottery pick.
Kylie Jenner 'Bachelorette Weekend' Series Gets Hulu Order (Exclusive)
Kylie Jenner is set to star in and exec produce Bachelorette Weekend, a thriller drama which is getting a Hulu series order with Kim Kardahsian as EP.
Kylie Jenner Bachelorette Weekend Thriller Getting Hulu Series Order From Kim Kardashian, Lauren Oliver & Kapital Entertainment
EXCLUSIVE: Kylie Jenner is set to headline and executive produce Bachelorette Weekend (working title), a thriller drama, which is finalizing a deal for a straight-to-series order at Hulu, Deadline has...
Angie Nixon brings a pep rally-style campaign stop to USF Tampa
Nixon fired up the crowd with an energetic case for more government involvement in medical care, college tuition and affordable housing.
How AI is adding to health care affordability concerns
AI was touted as a way to improve efficiency in health care. But in the short run, it's adding to cost pressures.
Heritage festival returns to Page County this weekend
Page County’s 57th annual Heritage Festival will return this Saturday.
Fall Preview with Entertainment Correspondent Mike Marra
Airdate: October 5th, 2026 Leoni Township Update with Administrator Mike JesterOctober 5, 2026City Treasurer Hosting Town Hall Meeting SeriesOctober 5, 2026Tecumseh Appleumpkin Festival This WeekendOctober 5, 2026Fall Preview with Entertainment Correspondent Mike MarraOctober 5, 2026Disney’s Frozen Premieres Thursday at The SaukOctober 5, 2026Alison McGlynn & Lilly Hayworth, The Annex Collective SalonOctober 5, 2026John Spink, Nite…
‘Days of Our Lives,’ ‘General Hospital’ star Robert Kelker-Kelly dies at 62
Prolific soap opera actor Robert Kelker-Kelly is dead at 62. Police in Missouri said in their report that the daytime star died Saturday in his St. Peters home around 8:16
Arizona WR Tre Spivey out for season with foot injury
At least one of the trio of starting wide receivers injured in Arizona’s last game won’t be back on the field this season. UA coach Brent Brennan confirmed Monday that junior Tre Spivey will miss the remainder of the season after suffering a foot injury in Saturday’s 34-7 win over Cincinnati. Brennan said Spivey will […]
Florida running back apologizes to coach after disappointing game
Florida Gators running back Jadan Baugh entered Saturday’s game against the Missouri Tigers as a legitimate Heisman Trophy contender. Unfortunately for him and the Gators, he didn’t exactly perform that way on Saturday. Now, he’s apologizing directly to his coach. Just a week after a lopsided win over Ole Miss thrust the Gators into the…
Should California hotels be sued for using fragrances in their lobbies?
Take a deep breath in Hollywood's Kimpton Everly Hotel and you may catch a whiff of sandalwood, leather, fennel, cardamom, violet and cedar. And if you sniff the lobby of
Five Plays: NC State First Quarter
Louisville lost another football game on Saturday. They also lost another game that they should have won. Penalties had been a major issue for this team, but they replaced that issue with turnovers this time around. But the biggest issue remains, and that issue is blown coverages by the secondary. For the second straight week, […]
NWA C-Suite: Brad Sikorski
In addition to promoting the organization’s mission and advocating for affordable housing solutions in Northwest Arkansas, Sikorski has spearheaded the construction of McAuley Place in Bentonville. The project will provide...
NWA C-Suite: Brad Sikorski
In addition to promoting the organization’s mission and advocating for affordable housing solutions in Northwest Arkansas, Sikorski has spearheaded the construction of McAuley Place in Bentonville. The project will provide...
G-Shock's Most Expensive Watch Ever Gets a Way More Affordable Everyday Edition
While sharing the same inspiration and iconic square case, this new edition costs over 99 percent less, making it far more accessible.
Top Iranian official admits dire state of the economy: Report
A top Iranian official reportedly admitted that Iran’s economy is in dire straits due to the war and the U.S. blockade of the country. Mohsen Rezaei, secretary of the Supreme National Security Council and former commander in chief of the Islamic Revolutionary Guard Corps, made the admission Saturday at a high-level government meeting focused on […]
Sporting KC Weekly Schedule: Oct. 7-10, 2026
Sporting Kansas City returns home to host the Portland Timbers at 7:30 p.m. CT on Saturday at Sporting Park as the club celebrates National Hispanic Heritage Month. Tickets are available on SeatGeek, including a special Latino Heritage Night ticket pack featuring an exclusive luchador mask/hat and a Corona or Coca-Cola
Gen Z women want politicians who can make the ‘American dream’ feel attainable
Affordability is the top issue for Gen Z women. But few candidates are appealing to them with a message strong enough to cut through the noise.
Gen Z women want politicians who can make the 'American dream' feel attainable
Affordability is the top issue for Gen Z women. But few candidates are appealing to them with a message strong enough to cut through the noise.
Todd Promenade returns on Saturday, Nov. 7
TODD — The Todd CommUnity Dance organizers are pleased to announce the second Todd Promenade event, featuring an afternoon of square dance calling, flatfoot dance, and playing music for dances
Dawg Sports on the Radio
Your Georgia Bulldogs defeated the Vanderbilt Commodores 38-14 on Saturday, and we intend to not just write about it, but also talk about it. That’s why I’ll be listening to MaconDawg’s chinchilla ranching consultant on WFOY in St. Augustine(102.1 FM/1240 AM) this evening around 6:45 pm Eastern to talk Georgia Bulldog football on SportsNow with host […]
Luke Fickell's 'vision' starting to show, Joe Thomas says
After the Wisconsin Badgers dominated Michigan State on Saturday, Hall of Famer Joe Thomas broke down the team's progress.
Seedy K’s Pigskin Palaver: House of Cards & Much Mo’
Ah yes, October; the pigskin campaign is morphing more fully developed. And, fully enveloping. This week, there’s a football game on every single night. Not just the more traditional Thursday, Friday, Saturday, Sunday, Monday. Because Draft Kings and Fan Duel and The World Wide Leader need content, we get Southern Miss and Troy on Tuesday, […]
Governor Ivey Proclaims Alabama Girls in Sports Day -
MONTGOMERY – Governor Kay Ivey on Monday proclaimed Saturday, October 10, 2026, as Alabama Girls in Sports Day, recognizing the female athletes throughout the state and reaffirming Alabama’s commitment to ensuring women and girls have the right to participate, compete … Continued
Who will rural voters blame for harmful healthcare changes, policies this election?
Inflation and affordability, immigration and international conflicts may be dominating much of the news—and voters' attention—but healthcare, as always, still matters at the ballot box—perhaps even more so for rural voters.
Bluevine and Coverdash Partner to Bring Embedded Business Insurance to Small Businesses
/PRNewswire/ -- Bluevine, the largest small business banking platform in the US* and Coverdash, a leading embedded business insurance provider powering...
Kim Kardashian Says She Has to ‘Hold Back’ North West, but the 13-Year-Old Calls Waiting the ‘Worst’ Advice
Kim Kardashian supports North West’s entertainment ambitions while trying to control how quickly her 13-year-old daughter takes on new opportunities. In a new Sunday Times ... Read More
Yankees draw baseball’s hottest September arm in Game 2
The Yankees got one hit Saturday. Their reward for trying to even the series Monday is a starter who allowed […]
Grades Reflect Poor Offensive Effort In This Report Card
The Denver Broncos lost by two touchdowns yesterday, and this report card reflects the specifics.
Orioles news: How will the O’s solve their infield logjam?
With Jordan Westburg returning next year, how will the O’s make room in the infield for him?
New AI Detector Spots Machine-Written Science Papers With 91.5% Accuracy
Researchers in Jordan have developed a hybrid deep learning detector that distinguishes human-written scientific text from output generated by ChatGPT, Gemini, and LLaMA-3 with 91.5 percent accuracy.
ESPN FPI predicts Texas A&M vs. Missouri in Week 6
ESPN FPI only gives Missouri a three percent edge of Texas A&M before Saturday's Week 6 matchup.
How affordability will impact the midterm elections in swing states
It's almost election time in America, and voters in swing states are looking at their wallets — and gas prices — at the ballot box.
BagelUp Growth Lab Returns as Business Incubator for Emerging Bagel Entrepreneurs, Launching a Year-Round Partner Program
Great bagels may start with flour, water, yeast and skill, but building a successful bagel business takes much more. On Saturday, November 14th, 2026, BagelUp (which produces New York BagelFest) will present the second annual BagelUp Growth Lab, a business incubator designed to help promising bagel entrepreneurs gain the knowledge, connections and industry resources needed to turn their bagel concepts into sustainable businesses. Taking place at Loft 39 the day before New York BagelFest at Citi
Hospital and pharmaceutical prices are smothering America’s businesses
Workers and employers are drowning in their health insurance premiums. The reason for that deluge: the health care industry’s high and inscrutable prices.
Preview: Phoenix Suns Open Preseason Play vs. Detroit Pistons
Jordan Ott debuts a revamped, ball-dominant starting five against the Eastern Conference’s top seed while testing how new floor spacers fill the void left by departing sharpshooters.
Fire destroys The Farmers' Creamery in Mio
Fire crews were dispatched to The Farmers' Creamery on West Kittle Road around 1:30 p.m. Saturday afternoon, after multiple 911 calls.
Amid Soaring Costs, Health Benefits Brokers Seek New Strategies
Affordability challenges are transforming the health benefits market, requiring brokers, carriers, and employers to make difficult decisions. In 2000,
What Charles Huff said after Saturday’s win over Charlotte
Memphis beat Charlotte 59-8 on Saturday to pick up its first win in conference play and improve to 4-1 on the season. After the game, Charles Huff met with the media to talk about the win and what impressed him in the performance.
Photos: Oakland’s 52nd annual Black cowboy parade kicks off at DeFremery Park
The 52nd annual Black Cowboy parade kicked off at West Oakland’s DeFremery Park on Saturday.
El-Sayed stops in Flint, discusses economic pressures and failures
U.S. Senate Democratic candidate Abdul El-Sayed made a stop in Flint Saturday as a part of his 'It shouldn't be this hard' town hall tour.
Managing Your Mental Health During Football Season
Dr. Lee Long with Restoration Counseling joined Ryan Schmelz on LiveNOW from FOX to share strategies for protecting your well-being as a sports fan. The author of 'Wait, Where Am I in This?' shared ways you can maintain your composure and not overthink whether or not your team wins on Saturday and Sunday.
State Senator Chedrick Greene hosts Saginaw gun violence conversation
State Senator Chedrick Greene brought together survivors, parents, and advocates in Saginaw Saturday to address the impact of gun violence in Michigan's 35th Senate District.
Crowley, Tiffany Offer Opposing Health Care Plans in Race for Governor
Affordability is an issue. Wisconsin's hospital prices among highest in the nation.
Anticipation builds for Shocker basketball season
Wichita State hosted Shocker Madness at Koch Arena Saturday night ahead of the 2026-27 basketball season.
Colorado residents fight back against Verdad's 22-well plan: 'It's about health and safety'
"People are upset about this site."
Florida appears set to tumble while Bama hopes to rise
A week after a huge promotion in the poll, Florida is bound to come down in the newest AP Top 25 after a lopsided loss. 25 Missouri on a Saturday while other ranked teams generally won in workmanlike fashion.
Penn State Opens as Underdog Against USC
Penn State has opened as an underdog for the first time in the 2026 season. Following back-to-back loses to begin Big Ten play, the Nittany Lions will be a 1.5-point home underdog when they face USC on Saturday. Despite the game being the annual White Out, the oddsmakers are still not confident in Penn State’s […]
Fox Sports announcers can’t believe controversial finish to Padres-Brewers Game 1
The Milwaukee Brewers hung on to beat the San Diego Padres 3-2 in Game 1 of the National League Division Series on Saturday night, and the Brewers got a home-field assist from the roof at American Family Field during a crucial moment in the ninth inning. Trailing 3-2 with a runner on first base and…
NAMIWalks Charleston brings community together to fight mental health stigma
People gathered at Palmetto Islands County Park on Saturday for NAMIWalks Charleston, an annual event focused on raising awareness, building community and expan
NH's Business: Homeownership affordability across the state
Fred Kocher sits down with Heather McCann with NH Housing to talk about housing availability and affordability across the state.
NC lawmakers call for special session of General Assembly to tackle high gas prices
Republican leaders in NC House and Senate announced Saturday that they plan to convene a special session to focus on gas prices.
Jimmy Rollins rips Austin Wells after awful base-running decision
The Tampa Bay Rays took a 1–0 series lead over the New York Yankees in the ALDS on Saturday with a nail-biting 1–0 win in front of the home crowd. Leading the way for the Rays was pitcher Drew Rasmussen, who took a no-hitter into the eighth inning before finally conceding a shot off the…
Three Last-Minute Packers vs. Buccaneers Predictions
Green Bay Packers' Jordan Love seeks rhythm against a winless Tampa Bay Buccaneers squad with undrafted rookie Jalon Daniels leading the charge.
NLDS Game 1 notes: Tarik Skubal, Teoscar Hernández, Max Muncy
The Dodgers secured their first postseason game of the year on Saturday, powering three home runs to back a strong start from Tarik Skubal in a 5-3 win over the Atlanta Braves. It was the first time that Skubal was able to pitch at home in a postseason starts, as all of his four playoff […]
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Shirt of the Week: ‘Jeremiah Smith: Are You Not Entertained?’
On Saturday, Jeremiah Smith cemented his name in Ohio State record books with another thrilling performance. Now, you can celebrate the historic accomplishment with this brand new design from BreakingT.
One hit should force the Yankees to rethink Game 2
One hit. That was the Yankees’ entire offense in Saturday’s 1-0 ALDS loss to Tampa Bay. Austin Wells broke up […]
Central Texas Soul Fest returns to Temple for fourth annual celebration
The Central Texas Soul Fest will bring Southern Soul, R&B and live entertainment to the MLK Festival grounds on Saturday, Oct. 10, in Temple.
MLB playoff schedule: NLDS gets the Sunday stage
LOS ANGELES — After a four-game Saturday, the National League has Sunday to itself with a pair of Games 2 of the NLDS first in Milwaukee and then in Los Angeles. After winning Game 1 in 100-degree heat on Saturday afternoon behind Tarik Skubal, the Dodgers turn to Blake Snell for Game 2 in trying […]
Fran Brown Delivers Three Important Messages After Syracuse Football Win
The head coach addressed multiple topics following the team's second win of the season, which came against UConn on Saturday.
Washington Wizards Hold First Scrimmage of 2026 Training Camp
After a light practice on Friday, the Washington Wizards hosted a scrimmage inside CareFirst Arena on Saturday afternoon
Great pitching beats good pitching as Yankees miss huge opportunity
The Yankees’ pitching was very good on Saturday night. Tampa Bay’s was better.
Guest Commentary: Affordability without access isn’t sound health policy
Byron Donalds’ record of politicizing his health policy is harmful, writes a former healthcare CEO.
Future of French far-right star in balance after antisemitism claims
After one of the most meteoric rises in the history of French politics, Jordan Bardella, the 31-year-old top ally of Marine Le Pen, is fighting for his political life after
Talking points from England’s 7-0 thrashing of Croatia
England produced one of their most dominant displays in recent years, sealing a stunning 7-0 victory over Croatia at the Stadion HNK Rijeka on Saturday evening.Harry Kane, Jude Bellingham, Anthony Gor...
Latvian PM Andris Kulbergs’ party leads election, partial results show
Latvian Prime Minister Andris Kulbergs' centrist, pro-Ukraine United List party won Saturday's parliamentary election, partial results showed.
College coach fired in the middle of a game
It’s not often that you see a team make a coaching change in the middle of a game, but that’s exactly what happened with one college football program. During Saturday’s game against the Oregon State Beavers, Colorado State Rams defensive coordinator Tyson Summers was relieved of his duties and ultimately dismissed from the team in…
Ontario Reign drop home opener to Coachella Valley Firebirds
The Ontario Reign fall 6-2 to the Coachella Valley Firebirds in Ontario's home opener Saturday night. Jani Nyman scored three goals and Jagger Firkus found the back of the net twice while Koehn Ziemmer and Jared Wright scored for the Reign. Ontario starts the 2026-27 AHL season at 1-1 with two points.
Yankees Make Worst Kind of History
The New York Yankees had an opportunity on their hands on Saturday night in Tampa Bay against the Rays in Game 1 of the ALDS. They needed just a couple of runs to snatch a Game 1 win on the road. Instead, they couldn’t even manage a couple of hits. It goes down as the […] The post Yankees Make Worst Kind of History appeared first on HEAVY.
ETSU reclaims rail with 14-3 rivalry win over Chattanooga.
JOHNSON CITY, Tenn. (WJHL)— ETSU football reclaimed the Rail for the first time since 2018 on Saturday, defeating SoCon rival Chattanooga 14-3. The Buccaneers improved to 4-2 overall and 2-0 in SoCon play while snapping a six-game losing streak to the Mocs. ETSU has now won six consecutive conference games dating back to last season. […]
'SNL' skewers Trump, Mitch McConnell in midterms-themed cold open
"Saturday Night Live" is ready for the midterms.
Texas high school football: Saturday's scores from Week 6
Saturday's Houston-area and statewide scores from Week 6 of the Texas high school football season.
Teens on target again as USA down Mexico 3-0
Cavan Sullivan became the youngest US international goalscorer in history as the United States defeated arch-rivals Mexico 3-0 in a friendly international in Arizona on Saturday.The United States completed the scoring in the 84th minute when Malik Tillman latched onto a poor Mexico backpass and smashed a shot into the top corner for 3-0. rcw/pbt
Presbyterian clears St. Thomas, 55-21
The nation's fifth-longest FCS home winning streak stayed intact in dominant fashion on Saturday afternoon, as the Presbyterian College football team put the pedal to the metal and raced past St. Thomas by a final score of 55-21.
High school flag football: Friday and Saturday scores
CIF City Section and Southern Section high school girls' flag football scores for games played on Friday and Saturday.
High school football: Saturday's scores
Results from CIF City and Southern Section high school football games on Saturday, Oct. 3.
Overnight News Digest: Science Saturday, 10/3/26
Welcome to the Overnight News Digest with a crew consisting of founder Magnifico, regular editors side pocket, maggiejean, Chitown Kev, eeff, Magnifico, annetteboardman, Besame, jck, JeremyBloom…
Five takeaways from USC’s 25-21 victory over Washington
The Trojans won ugly at home against Washington Saturday evening. What did we learn from the game?
SDSU posts complete road win at Illinois State
NORMAL, Ill. (SDSU) —Josh Holst threw a pair of touchdown passes and the South Dakota State defense forced three turnovers as the second-ranked Jackrabbits came away with a 31-14 victory over Illinois State Saturday night at Hancock Stadium. SDSU improved to 5-1 overall and 2-0 in the Missouri Valley Football Conference. The Redbirds, who entered […]
WATCH: Midwestern State hosts senior night and military appreciation night
WICHITA FALLS – Stang Park hosted a pair of events Saturday evening for No. 3 Midwestern State men’s soccer’s conference matchup with Oklahoma Christian. Airmen from Shephard Air Force Base were welcomed for a pizza dinner and as guests of honor for military appreciation night, while senior players and athletic trainers were honored on senior […]
Saturday Scoreboard
SIOUX FALLS, S.D. (KELO) – Here’s a look at scores from around the area: College Football:Northern St. 16 Bemidji St. 9 FSDSU 31 Illinois St. 14 FUSD 44 Indiana St. 14 FAugustana 37 USF 20 F Boys Soccer:Hot Springs 4 Douglas-New Underwood 0 FSt. Thomas More-Rapid City Christian 3 Belle Fourche 0 Girls Soccer:St. Thomas […]
P.J. Fleck’s Saturday postgame celebration is one for the ages
Minnesota head coach P.J. Fleck had an unbelievable postgame celebration on Saturday.
Montreal-raised Juno-award-winning singer Sass Jordan dies at 63
Sass Jordan, the Montreal-raised rock singer whose career spanned nearly four decades, has died at 63.
Hundreds gather in Duxbury to raise awareness for perinatal mental health support
Hundreds of people came together in Duxbury Saturday to make sure parents struggling with their mental health know they don’t have to face it alone.
Race Results: 2026 NOAPS Focused Health 302 at Las Vegas
Corey Day came out on top in a thrilling late-race battle with Carson Kvapil in Saturday night’s NASCAR O’Reilly Auto Parts Series Focused Health 302 at Las Vegas Motor Speedway. Day crossed the finish line ahead of Kvapil by a margin of 0.287 seconds. Jesse Love, Brent Crews, and Taylor Gray rounded out the top-five […] The post Race Results: 2026 NOAPS Focused Health 302 at Las Vegas appeared first on TobyChristie.com.
Nebraska volleyball notches its 12th sweep of the season against Maryland
Over a thousand miles away from Lincoln, the No. 1 Husker volleyball team beat the Maryland Terrapins in their home arena in three sets (25-13, 25-20, 25-15) on Saturday, the same day as Nebraska’s football team beat Maryland 49-23. Sophomore setter Campbell Flynn started the game for senior Bergen Reilly for precautionary reasons, following an ankle sprain during the match against Penn State.
Hurricanes 3, Flyers 2
The Carolina Hurricanes won their first game of the season as they defeated the Philadelphia Flyers, 3-2 in overtime on Saturday night. Shayne Gostisbehere fired in the game-winner with Andrei Svechnikov screening in front of the net with just 2 minutes and change left. The Canes improved their record to 1-1-1 this season while the […]