The debate continues over what to do with the seized $7 billion worth of Bitcoin: Should the U.K. keep it or give it back to the victims? https://t.co/pMF2WSqJ14 ...

Core Insights - U.S. Bank has launched a new organization focused on emerging digital products and services, including stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement [1][2] - The Digital Assets and Money Movement organization aims to develop revenue from these services, establish the bank's digital asset strategy, and accelerate progress within U.S. Bank [2][3] Company Developments - The organization will be led by Jamie Walker, who has over 20 years of experience at U.S. Bank and has been in his current role for eight years [3] - U.S. Bank is positioning itself as a trusted partner in the evolving digital asset landscape, emphasizing the importance of digital capabilities for clients [4] Industry Context - The mainstreaming of digital assets represents a significant transformation in the banking sector, influenced by technological changes, regulatory developments, and economic uncertainty [4] - Recent regulatory changes, such as the Federal Reserve Board's easing of restrictions on banks engaging in crypto activities, have created a more favorable environment for digital asset initiatives [4][5] - U.S. Bank has been appointed as the custodian for reserves backing Anchorage Digital Bank's payment stablecoins, highlighting its role in the digital asset ecosystem [5][6]

Core Insights - U.S. Bank has established a new Digital Assets and Money Movement organization to enhance the development and revenue growth of emerging digital products and services [1] - The focus areas for this new organization include stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement [1] - Jamie Walker, an experienced professional in the payments industry, will lead this new initiative at U.S. Bank [1]

🚨 CMC News: BlackRock CEO Building Tokenization Tech for Digital Assets.https://t.co/Elfbni0VJX ...

Core Insights - Digital asset exchange OKX and Standard Chartered have expanded their institutional partnership to the European Economic Area (EEA), allowing institutional clients to access a regulated framework for trading digital assets [1] Group 1: Partnership and Regulatory Framework - The partnership enables clients to hold digital assets with Standard Chartered as a regulated custodian, with holdings mirrored as collateral on the OKX platform, addressing counterparty risk for institutional investors [2] - The regulated environment is established under OKX's Markets in Crypto-Assets (MiCA) license, covering nine of ten service categories, positioning the exchange as a fully regulated operator in the EU [3] - The expansion into Europe follows a successful launch in the UAE, accumulating over $100 million in assets under custody since its debut [4] Group 2: Client Engagement and Market Demand - The service has onboarded notable clients, including Brevan Howard Digital, indicating strong demand for secure and regulated pathways for institutional engagement with digital assets [5] - Standard Chartered's collaboration is part of a broader strategy to integrate digital assets into its services, including launching a crypto trading desk for institutional clients [6] Group 3: Future Developments and Innovations - The bank is exploring areas of the Web3 ecosystem, including tokenized money initiatives, while OKX is enhancing its platform with the recent X Layer upgrade to optimize performance for DeFi applications [7] - The extension of the partnership provides a structured and secure solution for institutional clients in the EEA to participate in the digital asset market [8]

⚡️ NEW: OKX expands its partnership with Standard Chartered into Europe, enabling institutional clients to trade and custody digital assets. https://t.co/jfpSV0Mxbs ...

Core Viewpoint - The cryptocurrency mining sector showed strong performance with significant stock price increases for several companies following policy proposals from UK Reform Party leader Nigel Farage, positioning himself as a supporter of digital assets [1] Group 1: Company Performance - Bitdeer Technologies (BTDR.US) surged over 25% [1] - Applied Digital (APLD.US) increased by more than 12% [1] - Hut 8 (HUT.US) rose nearly 10% [1] - Bitfarms (BITF.US) gained over 5% [1] Group 2: Policy Proposals - Farage proposed a unified capital gains tax of 10% on cryptocurrencies [1] - He suggested establishing a national Bitcoin reserve of approximately £5 billion using confiscated cryptocurrencies [1] - The proposal includes halting the Bank of England's digital pound project [1] - He advocated for allowing tax payments in cryptocurrency on a voluntary basis [1]

Core Viewpoint - Benchmark has raised its price target for CompoSecure (CMPO) to $24 from $17, highlighting operational momentum, M&A potential, and a significant product upgrade in its Arculus crypto wallet unit [1] Group 1: Stock Performance and Market Position - CMPO shares have surged approximately 61% year-to-date, outperforming the S&P 500, attributed to improved execution since Resolute Holdings acquired a majority stake in September 2024 [2] - The partnership between Arculus and N. Exchange, a non-custodial crypto trading platform, demonstrates the company's strategic focus on digital assets [2] Group 2: Product Development and Competitive Advantage - Arculus has enhanced its cold storage wallets by integrating with multiple liquidity venues and launching a smart order router, facilitating efficient trading alongside secure custody [3] - The introduction of advanced trading tools marks a transition from basic cold storage to a more dynamic offering, strengthening Arculus's competitive position against traditional wallet providers and exchanges with in-house custody-lite solutions [4] Group 3: Financial Projections and Valuation - Benchmark maintains a buy rating on CMPO, projecting FY26 adjusted EBITDA of $174.8 million on revenue of $502.9 million, viewing the company's valuation as attractive, especially with potential crypto adoption growth [5]

Government & Regulation - New York City establishes an Office of Digital Assets and Blockchain under Mayor Eric Adams [1]

Core Viewpoint - Cango Inc. has announced the termination of its American Depository Receipt (ADR) program, with the transition to direct listing of its Class A ordinary shares on the NYSE, aimed at enhancing shareholder rights and reducing fees [1][2]. Group 1: ADR Program Termination - The board of directors approved the termination of the ADR program, which will take effect after market closes on November 14, 2025 [1]. - Upon termination, each holder of one ADS will receive two Class A ordinary shares, and trading of these shares will commence on November 17, 2025, under the existing symbol "CANG" [1][2]. Group 2: Benefits of Direct Listing - The direct listing of Class A ordinary shares is expected to allow U.S. investors to exercise their rights directly as shareholders, eliminating depositary fees associated with ADS holders [2]. - This transition may enhance institutional visibility for the company and support its strategy of becoming a U.S.-centric organization, potentially broadening its investor base [2]. Group 3: Company Overview - Cango Inc. is primarily engaged in Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa, having entered the crypto asset space in November 2024 [4]. - The company also operates an online international used car export business through AutoCango.com, facilitating access to high-quality vehicle inventory from China [4].