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IBM Launches ‘Haven’ for Digital Assets: Can Corporate Crypto Security Improve?
Yahoo Finance· 2025-10-30 09:49
Core Insights - IBM has launched Digital Asset Haven, a platform aimed at helping banks, governments, and corporations manage and secure digital assets as institutional adoption increases [1][2] - The platform is developed in collaboration with Dfns and integrates IBM's infrastructure with Dfns' custody and key management capabilities, providing a comprehensive solution for the digital asset lifecycle [3][6] - The launch comes amid rising corporate Bitcoin holdings and increasing concerns over the complexity of managing digital assets and the security risks associated with them [2][5] IBM Digital Asset Haven - Digital Asset Haven connects with over 40 public and private blockchains and includes tools for identity verification, anti-money laundering, and yield generation [4] - The platform aims to reduce the compliance and regulatory burden for institutions [3] - It is set to launch in late 2025, addressing vulnerabilities in the digital asset space [6] Security Concerns - There is a notable increase in crypto-related hacks and thefts, with over $2.17 billion stolen from crypto services in 2025 according to Chainalysis [5][7] - IBM's platform incorporates Hardware Security Modules (HSMs) and multi-party computation for cryptographic key management to mitigate single points of failure [8] - The need for improved institutional security practices is emphasized as threat actors have upgraded their capabilities [7]
X @ZKsync
ZKsync (∎, ∆)· 2025-10-29 22:03
Congrats to @ethereumfndn on launching the Ethereum for Institutions site.At ZKsync, we are building towards Institutional adoption from Day 1 onboarding some of the biggest names in Finance on Ethereum, like @DeutscheBank Dama 2 by @Memento_Bc.Our Incorruptible Financial Infrastructure enables the privacy, performance and connectivity that institutions need to thrive in the digital assets economy.Ethereum Foundation (@ethereumfndn):1/ Now live: the Ethereum for Institutions siteEthereum is the neutral, sec ...
Jane Street Is Betting Big on Hut 8 Stock. Should You?
Yahoo Finance· 2025-10-29 15:03
Hut 8 (HUT) stock has gone ballistic in the last 12 months, with returns of over 200% during the period. The upside has been backed by strong fundamental developments that include the company’s growth in EBITDA and expansion plans for the energy infrastructure segment. More News from Barchart The big rally has, however, not been a deterrent for fresh exposure in the energy infrastructure and Bitcoin (BTCUSD) mining company. According to Schedule 13Gs filed on Oct. 23, Jane Street reported beneficial own ...
Solana ETF Race Heats Up as Grayscale Joins Bitwise on Wall Street
Yahoo Finance· 2025-10-29 15:01
Core Insights - Grayscale Investments launched its Solana Trust ETF (GSOL) on NYSE Arca, marking the first of its staking products to list under new SEC-approved standards, intensifying competition in the Solana ETF market [1][2] - The launch expands Grayscale's digital asset offerings beyond Bitcoin and Ethereum, providing investors with exposure to Solana's proof-of-stake blockchain [2] - GSOL has a 0.35% expense ratio and holds 525,387 SOL tokens, with 74.89% currently staked to generate network rewards, potentially adding 5-6% annual returns based on historical staking yields [3] Company and Product Details - GSOL is the third Solana ETF trading on U.S. exchanges, joining Bitwise's BSOL and Rex-Osprey's SSK [2] - Grayscale plans to pass on 77% of all staking rewards to investors on a net basis, enhancing the attractiveness of the product [3] - The product is not registered under the Investment Company Act of 1940, which means it lacks the regulatory protections typical of traditional ETFs and mutual funds [4] Market Context - Bitwise's Solana ETF (BSOL) captured $69.5 million in first-day inflows, significantly outperforming Rex-Osprey's SSK, which raised $12 million [6] - BSOL stakes 100% of its held SOL tokens in-house, charging a 0.20% management fee, which is waived for the first three months [6] - Institutional interest in Solana is attributed to its leadership in on-chain revenue, highlighting the appeal of ETFs among institutional investors [6][7]
X @The Block
The Block· 2025-10-29 13:14
Crypto infrastructure firm Taurus opens first US office as digital assets 'move into mainstream adoption' https://t.co/sWcIebxPyX ...
Swiss Crypto Infrastructure Firm Taurus Expands to U.S. With New York Office
Yahoo Finance· 2025-10-29 13:00
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]
Universal Digital Inc. Announces Closing of Strategic Investment in ReYuu Japan Inc.
Newsfile· 2025-10-29 11:30
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]
Hyperscale Data Expands Bitcoin Mining Capacity with Order of 2,000 Bitmain S21 Pro Bitcoin Miners
Prnewswire· 2025-10-29 10:30
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].
X @Wu Blockchain
Wu Blockchain· 2025-10-29 01:08
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 ...
X @CoinDesk
CoinDesk· 2025-10-28 22:04
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 ...