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SoFi Settles Card Payments on Stablecoin; Lennar, SoftBank, More

Wall Street Journal Markets •
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SoFi became the first U.S. bank to settle card payments on stablecoin, processing over $25 billion in transactions annually.

Berkshire Hathaway bought Lennar shares Thursday, Friday, and Monday, per an SEC filing. One pool of multifamily apartment mortgages issued in 2021 is already 53% delinquent. SoftBank Group is issuing over $11 billion in junk-rated bonds. Silver Lake is fighting Carl Icahn in the $13 billion Endeavor acquisition.

Qatar Investment Authority and JPMorgan announced a $20 billion partnership. Priority Technology CEO Thomas Priore will take the firm private in a $1.6 billion deal. Perpetual rejected EQT AB's US$2.6 billion takeover proposal. Societe Generale shares rose 4% after raising its profitability target.

Polymarket CEO Shayne Coplan brushed off fraud concerns as the prediction market eyes an IPO.