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]

Tether may become the world’s most profitable company if the stablecoin issuer continues its explosive growth trajectory, according to Bitwise Chief Investment Officer Matt Hougan. In a September 29 investor memo, Hougan suggests that Tether could surpass even Saudi Aramco’s record-breaking $120 billion profit from 2024, which is the most lucrative year in corporate history. Hougan’s analysis hinges on Tether reaching $3 trillion in assets, which would represent approximately 3% of the global money suppl ...

Core Points - New York Governor Kathy Hochul announced the departure of Superintendent Adrienne Harris from the Department of Financial Services (DFS) and appointed Kaitlin Asrow as the acting superintendent effective October 18, 2025 [1] - During her tenure, Harris implemented significant regulatory measures, including guidelines for artificial intelligence in insurance, mandated insulin coverage without cost sharing, and established a virtual currency unit [3][4] - Under Harris's leadership, DFS recovered over $725 million in restitution for New Yorkers since 2021 and issued 102 regulatory guidance letters while amending 57 regulations [4] Background of Adrienne Harris - Harris was nominated by Hochul in August 2021 and has a background in law, having worked at Sullivan & Cromwell LLP and the U.S. Department of the Treasury [5][6] - She contributed to financial reform efforts and consumer protections during her time at the White House as part of the National Economic Council [6] Background of Kaitlin Asrow - Asrow has served as executive deputy superintendent of the Research & Innovation division at DFS for the past four years, focusing on virtual currency regulation and technological infrastructure [8][9] - Prior to joining DFS, Asrow worked at the Federal Reserve System and the Center for Financial Services Innovation, holding roles that involved innovation policy and consumer financial health [10][11] Overview of DFS - DFS was established in 2011 and regulates over 3,000 financial institutions with nearly $10 trillion in assets, including more than 1,900 insurance companies and over 1,300 banks [12]