Fintechs Affirm and Toast saw a massive drop in stock value after MoffettNathanson analysts expressed systemic concerns with the companies’ growth. So reports CNBC.

In his annual shareholder letter, JPMorgan Chase CEO Jamie Dimon told investors he sees competition between traditional banks, big tech and the financial technology space “intensifying." So reports PYMNTS.

U.S. Sen. Kirsten Gillibrand, of New York, is planning to introduce her own cryptocurrency regulation bill in the near future. So reports WSKG.

Payments giants Venmo and PayPal are moving to a new “flat-fee structure” for cryptocurrency trades that could replace the complex percentage-based consumer costs originally employed. So reports Fox Business.