"Proof of reserves and proof of backing. Every token and asset has to have something that is verifiable."At SmartCon, @TomZschach, Chief Innovation Officer at Swift, explained the critical role of verifiability in onchain finance and why every asset must be backed by transparent, provable data ↓Chainlink (@chainlink):"Chainlink's role is going to continue to evolve and that's going to be an important aspect for the industry."During his SmartCon keynote, Swift CIO @TomZschach emphasized the importance of pro ...

A new privacy standard for onchain finance.What Chainlink Confidential Compute unlocks:https://t.co/72OzrUyXuh• Private smart contracts, verifiable by default.• Private access to data, APIs, and identity providers.• Private tokens, transactions, and cross-chain settlement.• And much more—from platform-level privacy to global market integration. ...

Two new tokens are live in the US 🇺🇸💦 $HYPE — powering onchain finance via the Hyperliquid DEX and L1 (@HyperliquidX)🤖 $KITE — an L1 enabling onchain AI interaction for the agentic internet.Now tradeable on the New Money App 👇https://t.co/sYZHTVo1sV https://t.co/stnzRDEEJz ...

Onchain Finance - Colb 将进入以太坊网络 [1] - 现实世界的金融正在走向链上 [1] - Colb 的资产，包括代币化的结构性基金、pre-IPO 和管理策略，将很快在以太坊主网上本地访问 [1] Decentralized Infrastructure - 行业正在构建一个更安全和包容的金融系统，该系统始于在全球范围内得到验证的开放、去中心化基础设施 [1]

Core Insights - Circle Internet Group's focus on developing USDC-based payment infrastructure is expected to enhance long-term growth prospects, with the launch of Arc, a new open Layer-1 blockchain for onchain financial applications now available for public testnet [1][9] Group 1: USDC and Payment Infrastructure - Arc supports programmable capital markets, global payments, and tokenized assets with predictable dollar-based fees, sub-second finality, optional privacy, and native integration with Circle's platform products, including USDC [2] - As of October 16, $75.86 billion USDCs were in circulation, backed by highly liquid, price-stable cash and cash equivalents, gaining traction due to an improving regulatory environment, including the passage of the GENIUS Act [3] - Circle Payments Network is a platform for financial institutions to utilize stablecoins for payments, with over 100 institutions in the pipeline, and Circle Gateway enables seamless cross-chain USDC usage supported by eight new blockchain partners [4] Group 2: Competitive Landscape - Circle faces competition from Strategy (MSTR), which holds 640,250 bitcoins and expects a bitcoin yield of 30% with potential gains of $20 billion if bitcoin reaches $150,000 by year-end [5] - IREN Limited, a low-cost bitcoin miner, achieved 326% year-over-year hashrate growth and is expanding its GPU fleet with additional NVIDIA GPUs [6] Group 3: Stock Performance and Valuation - Circle shares have increased by 2.6% in the past month, outperforming the broader Zacks Finance sector, which saw a decline of 0.6% [7] - The Zacks Consensus Estimate for 2025 earnings is projected at a loss of $1.94 per share, an improvement from previous estimates [11]

Industry Trend - The entire financial world, including banks, financial institutions, market makers, custodians, payments companies, and research businesses, is transitioning onchain [1] Sentiment Analysis - The industry suggests that current bullish sentiment regarding the onchain transition of the financial world is insufficient [1]

Core Insights - Circle Internet Group has launched the public testnet for Arc, an open Layer-1 blockchain aimed at increasing economic activity onchain [1] - Arc is described as a new "Economic Operating System" for the internet, featuring predictable dollar-based fees, sub-second transaction finality, configurable privacy, and integration with Circle's platform [1] Industry Collaboration - The network has attracted collaboration from over 100 institutions, including major players like BlackRock, Visa, and Amazon Web Services, as well as banks and fintech companies [2] - Early partners include significant financial institutions such as Goldman Sachs, BNY Mellon, and Société Générale, who will experiment with tokenized assets and programmable FX settlement [4] Financial Infrastructure - Circle aims to create a unified, programmable financial infrastructure for the global economy, enabling faster and more inclusive financial systems [3][7] - The testnet features integration with global payments and fintech leaders, targeting cross-border payments and merchant settlements [5] Governance and Future Vision - Circle plans to transition Arc towards distributed, community-driven governance, expanding validator participation and ensuring transparent operations [6] - The vision for Arc is to serve as a shared, neutral layer of economic infrastructure that connects regulated institutions, fintech innovators, and decentralized networks [7]

Key Partnerships & Events - Chainlink, Sei, and Monaco are collaborating for an exclusive event in NYC during SmartCon Week [1] - The event aims to bridge Wall Street with onchain finance (represented as $/acc) [1] Industry Focus - The event targets the intersection of traditional finance (Wall Street) and decentralized finance (onchain) [1] - The onchain financial stack is built upon trusted data, battle-tested rails, and real-time execution [1]

Core Insights - Caliber is sponsoring the 2025 SmartCon Conference, highlighting its commitment to the evolution of traditional finance to digital finance [1] - The company is the first Nasdaq-listed entity to adopt a Digital Asset Treasury strategy anchored in Chainlink (LINK), providing shareholders with transparent exposure to LINK [2][5] - Caliber aims to build one of the largest LINK treasuries held by a public company through a dollar-cost-averaging strategy [3] Company Overview - Caliber manages over $2.9 billion in assets and has a 16-year history in private equity real estate investing [5] - The Digital Asset Treasury strategy bridges real and digital asset investing, incorporating staking for yield [5] Event Details - The SmartCon Conference will gather leaders from governments, financial institutions, and Web3 projects to discuss blockchain technologies and their impact on markets and public services [4]

Acquisitions & Strategic Direction - Aave Labs acquired GetStable [1] - The acquisition strengthens Aave's push to make onchain finance mainstream [1]