Crypto infrastructure firm Taurus opens first US office as digital assets 'move into mainstream adoption' https://t.co/sWcIebxPyX ...

Core Insights - Taurus, a Swiss digital asset infrastructure provider, is expanding into the U.S. with a new office in New York, marking its second North American location and reflecting increasing institutional interest in regulated crypto services [1][2] - The expansion aligns with recent regulatory changes in the U.S., including the GENIUS Act, Clarity Act, and the repeal of SEC Staff Accounting Bulletin (SAB) 121, which are seen as creating a favorable environment for digital assets [2][4] - Taurus has appointed Zack Bender as head of U.S. operations, who has a background in financial services with previous roles at Fiserv and Swift [3] Company Overview - Founded in 2018 and regulated by Switzerland's FINMA, Taurus provides custody, tokenization, and trading technology to major financial institutions such as State Street, Deutsche Bank, Santander, and CACEIS [3] - The company's infrastructure supports over 35 blockchain networks, indicating a robust technological foundation for its services [3] Market Outlook - Taurus anticipates significant adoption of digital asset activities among banks and corporates in the coming quarters due to the favorable regulatory changes [4] - The company raised $65 million in a Series B funding round in February 2023, led by Arab Bank Switzerland, UBS, and Pictet, to accelerate its international expansion and product development [4]

Core Insights - Universal Digital Inc. has successfully closed a strategic investment in ReYuu Japan Inc., marking its entry into Asia's technology and digital asset markets [1][2][5] Investment Details - The company acquired 200,000 ordinary shares of ReYuu, representing approximately 3.48% of its issued share capital, for a total cash consideration of approximately USD 1,030,000 [7] - Additionally, Universal Digital acquired 8,000 warrants for USD 45,434, each warrant allowing the purchase of 100 ordinary shares of ReYuu at an exercise price of JPY 579 per share until July 23, 2028 [3][7] - The agreement includes an option for Universal Digital to acquire up to 10,000 additional warrants until July 23, 2028, at a price determined by a Black-Scholes formula or JPY 1,000, whichever is lower [3] Strategic Implications - The investment provides Universal Digital with a platform to develop scalable treasury and financing models in the Asian market, leveraging ReYuu's position as a listed technology company in Japan [5] - ReYuu operates in the reuse-related business, focusing on buying and selling reused communication terminal equipment, which aligns with the growing digital asset ecosystem [6]

Core Viewpoint - Hyperscale Data, Inc. has finalized an order for 2,000 Bitmain S21 Pro Bitcoin miners, which, along with previously received 2,099 S21+ miners, is expected to approximately double the company's Bitcoin production capacity [1][2][3]. Group 1: Company Operations - The addition of the S21 Pro miners will significantly increase the total hashrate at Hyperscale Data's Michigan data center, replacing older S19J Pro miners while operating alongside NVIDIA-powered AI clusters [2]. - The company is committed to maximizing infrastructure efficiency by housing both Bitcoin mining operations and AI clusters in the same facility, contributing to a goal of a $100 million Bitcoin treasury [3]. Group 2: Future Expectations - The company anticipates the arrival of the 2,000 S21 Pro miners in the coming weeks, with installation scheduled for November [3]. - Hyperscale Data is also preparing for the divestiture of its subsidiary Ault Capital Group, expected to occur in the second quarter of 2026, which will allow the company to focus on high-performance computing services and digital asset management [6].

Australian Securities and Investments Commission published a revised version of Info Sheet 225, expanding how existing financial-services laws apply to crypto businesses as the government prepares sweeping new legislation. The regulator reiterated that many digital assets, including yield-bearing tokens, staking programs, and asset-referenced stablecoins, will likely require an Australian Financial Services license under current law. https://t.co/cSlda7DMoG ...

RT CoinDesk Podcast Network (@CoinDeskPodcast)You wouldn't leave your apartment door open, your property holds value to you. Yet most people won't do the basics to secure their digital assets.@AWengroff from @Ledger breaks down the why for@SamEwen on this week's Gen C https://t.co/RbiaHiPDnI ...

Core Insights - Western Union plans to launch a new stablecoin, the U.S. Dollar Payment Token (USDPT), built on Solana and issued by Anchorage Digital Bank, aiming to reshape global money movement [2][3] - The company is also introducing a Digital Asset Network designed to bridge digital and fiat currencies, enhancing real-world utility for digital assets [4] Group 1: Stablecoin Launch - The USDPT is expected to be launched in the first half of 2026, allowing users to access it through partner exchanges [3] - The stablecoin aims to empower customers and communities by enabling Western Union to control the economics linked to stablecoins [4] Group 2: Digital Asset Network - The Digital Asset Network will facilitate seamless access to cash off-ramps for digital assets by partnering with wallets and wallet providers [4] - This initiative is seen as a solution for the last mile of the crypto journey, leveraging Western Union's global network [4] Group 3: Market Strategy - The company is exploring non-U.S. markets, viewing the stablecoin as a potential savings account in U.S. dollars for customers in countries with favorable regulations [5] - In a previous earnings report, Western Union highlighted opportunities in using stablecoins for remittances, aiming to reduce friction in cross-border transfers and enhance crypto capabilities in its digital wallet [6]

Company Strategy - Western Union has been connecting people for 175 years [1] - Western Union moves $150 billion annually [1] - Western Union considers digital assets as the next evolution [1] - Western Union chose Solana as the right alternative [2]

Core Insights - Western Union plans to launch a new stablecoin, U.S. Dollar Payment Token (USDPT), and a Digital Asset Network to enhance money movement globally [1][3] - The initiative aims to bridge digital and fiat currencies, providing real-world utility for digital assets [1][2] - USDPT is expected to be available in the first half of 2026, with access through partner exchanges [3] Digital Asset Network - The Digital Asset Network will integrate Western Union's global digital footprint with Solana's blockchain technology and Anchorage Digital's stablecoin issuance platform [2][4] - This network aims to provide users with seamless access to digital assets, enabling sending, receiving, spending, and holding of USDPT [2][3] Strategic Vision - Western Union's collaboration with Solana and Anchorage Digital is focused on modernizing financial infrastructure and promoting global digital asset adoption [4] - The company emphasizes safety and reliability in customer experience through institutional-grade security measures and compliance protocols [4] Market Impact - The introduction of USDPT and the Digital Asset Network is anticipated to reshape global money movement, linking currencies like the U.S. dollar to local spending needs [5] - The initiative aims to facilitate compliant and secure digital transactions across borders, enhancing trust and reducing costs [5]

[Music] Have you ever tried to send money across borders. Let me give you something real. Years ago, I ran a small business importing products from China.And every single time I had to make a payment overseas, it was the same painful process. I'd wire money through the banking system and then I'd wait five, sometimes seven days before it landed. And by the time it finally showed up, I had lost thousands in fees and currency differences.Now, it always struck me strange because at the very same time, I could ...