We're proud to partner with @UCBerkeley on the launch of its new Center for Digital Assets: https://t.co/bMO1wmWrUTFrom classrooms to real-world impact, this builds on years of innovation through our University Blockchain Research Initiative.Find out more about the partnership and learn how the CDA will advance blockchain & digital twin research. ⭐️ ...

Market Trends - Treasury companies are purchasing billions of dollars worth of assets weekly [1] - Digital asset companies are preparing for 5+ IPOs (Initial Public Offerings) [1] - Altcoin ETFs (Exchange Traded Funds) are expected to be approved this month [1] - Stablecoins are gaining widespread adoption [1] - Bitcoin ETFs are among the top ETFs based on total holdings [1] - Gold prices are experiencing significant growth [1] - Retail investors remain largely uninvolved [1] - The world has a relatively low exposure to crypto assets [2] Financial Performance - Several crypto applications are generating millions of dollars (7-figs) in daily profit [1] - Tether is recognized as one of the most profitable companies globally [1] Institutional Activity - Institutions are actively tokenizing various assets [1]

Core Insights - The U.S. Securities and Exchange Commission (SEC) is delaying the review and approval of exchange-traded funds (ETFs) tracking various altcoins due to a partial government shutdown [1][3] - Over 90 applications for ETFs based on the spot price of altcoins are currently under review, with potential approvals expected to start in early October, particularly for Solana-focused products [2][3] - The ongoing budget impasse between Senate Republicans and Democrats is making the October timeline for ETF approvals increasingly unlikely [3] Industry Developments - Issuers from both traditional finance and digital asset sectors are proposing funds based on various cryptocurrencies, including XRP, Cardano, Litecoin, and Dogecoin [3] - The SEC has limited personnel available for operations during the shutdown, impacting its ability to process applications [4] - Despite the delays, there is optimism in the industry regarding the eventual resolution of the budget issues, as expressed by industry leaders [4] Market Performance - The demand for digital asset-focused products has surged, driven by the success of spot Bitcoin and Ethereum funds [5] - Currently, 11 Bitcoin funds manage approximately $150 billion in assets under management (AUM), with BlackRock's iShares Bitcoin Trust being the fastest-growing ETF in the industry [6] - Ethereum funds have surpassed $22 billion in AUM, indicating strong investor interest in these digital assets [6] - Solana, with a market capitalization exceeding $118 billion, recently traded above $222, reflecting a more than 6% increase amid a general upswing in crypto prices [7]

Regulatory Landscape & Advocacy - The Blockchain Association defends the Genius Act, asserting it as settled law and crucial for maintaining US leadership in innovation [1][2] - The Association actively pushes back against large banks' attempts to weaken the Genius Act, which provides legal clarity for stablecoin issuers [2][3] - The Association is running a campaign with a similar narrative to Coinbase, advocating for consumer rewards on stablecoins and countering bank lobbying efforts [9][10] - The Association emphasizes the importance of bipartisan efforts in Congress to achieve comprehensive crypto market structure legislation [15] - The Association highlights the need for regulatory harmonization between the SEC and CFTC to foster innovation and provide market certainty [17][19] Stablecoin Rewards & Banking Concerns - The core concern revolves around banks' apprehension regarding stablecoin rewards potentially leading to a flight of deposits from community banks [4] - The Association argues there's no concrete evidence of stablecoin investments causing a decrease in bank deposits [5] - The Association views the debate over stablecoin rewards as a competitive issue for banks, suggesting they should compete on interest rates [6][7] - Stablecoin holdings offer around 4% in rewards, significantly higher than the less than 1% typically offered by banks on savings accounts [6][7] Clarity Act & Regulatory Clarity - The industry emphasizes that revisiting the Genius Act would remove crucial legal clarity, hindering innovation and potentially pushing it overseas [12][13] - The industry hopes the Clarity Act will provide clear guidelines on when digital assets are considered securities under SEC jurisdiction versus commodities under CFTC jurisdiction [22][23] - The industry believes the CFTC is well-equipped to oversee digital assets, citing their experience with Bitcoin futures and monitoring trading activities [25][26]

🚨 🚨 🚨 🚨 🚨 103,000,000 #USDT (103,076,735 USD) transferred from unknown wallet to Galaxy Digitalhttps://t.co/1KaxDveHmh ...

Core Insights - CoinShares International Limited, a European asset manager with approximately US$10 billion in assets under management (AuM), announced the acquisition of Bastion Asset Management Limited, a London-based FCA-regulated crypto-focused alternative investment manager, pending regulatory approval from the UK Financial Conduct Authority [1][2] - The acquisition aims to enhance CoinShares' actively managed capabilities, positioning the firm as a comprehensive digital asset management platform [1] - CoinShares intends to combine passive beta products like ETPs with actively managed strategies to provide a complete investment solution across the digital asset spectrum [1] Company Strategy - The acquisition is part of CoinShares' strategic objective to become a global asset manager specializing in digital assets [1] - Bastion's institutional-grade approach will enhance CoinShares' ability to serve sophisticated investors seeking actively managed digital asset solutions [1][2] - The integration of Bastion's expertise in alpha generation with CoinShares' registered Investment Advisor status will facilitate the development of sophisticated, actively managed funds in the U.S. market [2] Leadership and Expertise - Fred Desobry, Bastion's CIO with over 17 years of experience in systematic investing and quantitative research, and Philip Scott, Bastion's CEO/Co-Founder with over 25 years of financial services experience, will join CoinShares post-acquisition [2] - Their expertise will support CoinShares' scaling and expansion initiatives, targeting a broad range of institutional clients [2] Regulatory Framework - CoinShares is regulated in multiple jurisdictions, including Jersey, France, and the U.S., by various financial authorities, which underscores its commitment to compliance and governance in the digital asset space [2]

LIVE: Senate Finance Committee on the Taxation of Digital Assets https://t.co/XfWgl1RZAe ...

Core Insights - Asia Broadband Inc. has finalized a significant processing and production agreement for a large-scale gold and silver ore stockpile in Etzatlan, Jalisco, Mexico, with an estimated value exceeding that of a previous agreement made in December 2022 [1] - This new stockpile project is anticipated to be the largest high-yield asset addition for the company, aligning with its strategic initiative to expand gold production and increase physical gold holdings [2] Company Overview - Asia Broadband Inc. is focused on the production of precious metals and the accumulation of physical gold holdings, leveraging geographic expertise and industry contacts to enhance its operations in Mexico [3] - The company also has a digital assets segment, featuring a gold-backed cryptocurrency and unique NFT collections, aiming to establish a stable and trusted standard of exchange in the digital asset market [3]

Core Insights - The SEC's recent no-action decision for the decentralized crypto project DoubleZero indicates a shift towards more engagement with digital asset projects, providing a positive signal for the industry [1][3] - This decision sets a precedent that certain tokens can operate outside of securities law, encouraging growth and integration of digital assets into mainstream finance [2][3] - The SEC's new approach is seen as a break from previous regulatory practices that were characterized by delays and enforcement actions [3] Regulatory Perspective - Commissioner Hester Peirce stated that tokens used for rewarding participants providing services like storage or bandwidth do not meet the definition of securities [4] - The SEC's focus on DePIN projects highlights that tokens distributed as compensation for real-world services are not considered investment contracts [4][5] - Peirce emphasized that these tokens are functional incentives aimed at encouraging infrastructure development rather than traditional securities [5] Market Impact - The clarity provided by the SEC is expected to accelerate growth in the DePIN sector, which could expand from $30-50 billion today to $3.5 trillion by 2028 [6]

DataLink Overview - DataLink is a turnkey service powered by Chainlink, enabling institutions to publish data to blockchains [1] - It accelerates institutional adoption of digital assets and enables organizations to rapidly scale onchain [1] - DataLink empowers over 2,400 protocols and institutions in the Chainlink ecosystem [2] Chainlink Ecosystem - Chainlink is the industry-standard oracle platform bringing the capital markets onchain [2] - Chainlink secures over $100 billion in production and has enabled tens of trillions in transaction value [3] - DataLink is launching on over 40 blockchain mainnets [3] Data Types Supported - DataLink supports credit ratings, equities, FX rates, bonds, and commodities [4] - It also supports reference data, perpetual funding rates, corporate actions data, and derivatives [4] Use Cases - DataLink brings foundational institutional use cases to the blockchain economy [3] - It enables onchain applications to launch new assets and markets faster [3]