🚨 🚨 🚨 🚨 🚨 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]

Strategic Partnership - GLEIF and Chainlink have formed a strategic partnership to create an institutional-grade identity solution for the blockchain industry [1] - The solution combines GLEIF's verifiable Legal Identity Identifier (vLEI) with Chainlink's infrastructure for Cross-Chain Identity (CCID) and Automated Compliance Engine (ACE) [1] Solution Capabilities - The solution enables verifiable, compliant, and trusted digital asset transactions across jurisdictions while preserving user privacy [1] - It allows for programmatically verifying asset provenance, automatically enforcing compliance policies, and reliably recovering control over assets if private cryptography keys are compromised [2] - It facilitates seamless compliance with regulatory frameworks across the globe [2] Market Impact - The lack of a verifiable identity solution onchain has hindered institutional adoption of digital assets [2] - The partnership aims to remove the final hurdles for banks, asset managers, and institutional investors to implement digital asset solutions at scale [2] - It has the potential to unlock hundreds of trillions of institutional capital to flow onchain [2]

At Sibos, Chainlink Co-Founder Sergey Nazarov joined Euroclear and Standard Chartered on @globalcustodian’s opening day panel to discuss the future of digital assets.The panel highlighted how conversations around digital assets have shifted from early exploration to real institutional adoption:• Stablecoins are moving into regulated, large-scale use.• Tokenization is evolving from pilots into production.• Global institutions now see open standards as critical to scaling these markets.Sergey emphasized that ...

Digital Assets Landscape - Digital assets, including stablecoins and tokenized securities, are a prominent topic at an international bankers' gathering in Germany [1] Industry Focus - The discussions encompass both formal presentations and informal conversations, highlighting the widespread interest in digital assets within the banking sector [1]

Product Launch - TopNod Wallet, a self-custody wallet on Solana, has been launched [1] - The wallet supports Real World Assets (RWAs) and mainstream digital assets [1] Target Audience - The wallet aims to provide the simplicity expected from day-to-day apps [1] Technology - The wallet is built on the Solana blockchain [1]