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Tether May Eclipse Saudi Aramco as World’s Most Profitable Company, Says Bitwise CIO
Yahoo Finance· 2025-09-30 13:46
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 ...
New York Financial Services Regulator Harris to Depart
Insurance Journal· 2025-09-30 13:07
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]
X @Cointelegraph
Cointelegraph· 2025-09-30 08:30
🔥 BULLISH: Bit Digital plans to raise $100 million through a convertible senior note offering to buy $ETH and general corporate purposes relating to digital assets. https://t.co/NYy0wtTDMs ...
Dogecoin Cash Inc. (OTCQB:DOGP) Announces Special Distribution of DogeCoin Cash (MEMECOIN:DOG) to Shareholders
Globenewswire· 2025-09-30 08:20
Company Overview - Dogecoin Cash Inc. (OTCQB:DOGP) has announced a special distribution of DogeCoin Cash (MEMECOIN:DOG) to shareholders of record as of December 15, 2025, with payment scheduled for December 22, 2025 [1][2] - Each shareholder will receive one DogeCoin Cash for every share of Dogecoin Cash Inc. common stock held, totaling approximately 150 million DogeCoin Cash to be distributed [2] Distribution Details - The distribution will be executed through certificates with assigned CUSIPs or equivalent book-entry positions, which shareholders can redeem through the Company's subsidiary, DogeSPAC LLC [3] - Shareholders will receive further instructions on how to redeem their certificates prior to the payment date, and no immediate action is required from them [4] Industry Insights - The meme coin market has evolved significantly, with its total market capitalization recently surpassing approximately USD 77 billion, indicating its growing importance in the digital asset market [5] - Projections suggest that the meme coin market could grow from about USD 68.5 billion in 2024 to as much as USD 925.2 billion by 2035, reflecting a compounded annual growth rate (CAGR) of roughly 26.7% [6] - The global meme-coin development market is also expected to expand from about USD 40 million in 2024 to nearly USD 296 million by 2031, with a CAGR of approximately 27.8% [6]
X @Andy
Andy· 2025-09-30 07:47
Category Leaders in Digital Assets - Wallets: Metamask, Phantom, Rabby [1] - Hardware Wallets: Ledger, Trezor [1] - L1: BTC, ETH [1] - Stablecoin issuers: Tether, Circle [1] Emerging Category Leaders - The industry is seeking to identify A+ brands in categories such as On-ramp, Bridge, Banking partner, 2FA device, Data analytics, Tax service, and Auditor [1] - The analysis aims to determine the leaders in various crypto service categories [1]
X @Chainlink
Chainlink· 2025-09-30 00:25
At Sibos 2025, @SergeyNazarov presented how onchain standards can combine with existing systems and standards to create next-gen digital assets, including:• Introducing a major industry milestone in a global corporate actions initiative led by Chainlink in collaboration with 24 of the world’s largest financial organizations (Swift, DTCC, Euroclear, and more).• A live discussion with the DTCC’s Global Head of Digital Assets Nadine Chakar on how combining blockchains, oracles, and AI provide a real solution t ...
The U.S. and U.K. are aligning on blockchain—and that’s good for the world economy
Yahoo Finance· 2025-09-29 17:48
For more than a century, the United States and the United Kingdom have been amongst the most influential nations in finance, working together to create the playbook for global trade and markets. Today, that partnership is entering a new phase as both countries commit to closer cooperation on digital assets—a gambit that could further entrench Washington and London at the vanguard of global finance, even as hubs like Singapore and Dubai emerge as formidable challengers. This latest U.S.-UK tie-up comes via ...
Qatar National Bank to Boost USD Payments with JPMorgan’s Blockchain
Yahoo Finance· 2025-09-29 14:53
Core Insights - Qatar National Bank Group (QNB) has adopted JPMorgan's blockchain platform, Kinexys, to enhance corporate digital payments in the region, addressing the limitations of traditional banking infrastructures [1][2][3] Group 1: Departure from Traditional Banking - Traditional finance systems restrict cross-border payments to weekdays, often resulting in transaction delays of several days [2] - By utilizing Kinexys, QNB aims to provide a more efficient payment system that operates continuously, with lower transaction fees and the capability to process payments in real-time [3] Group 2: Blockchain Payment System Features - Kinexys can handle up to $3 billion in daily transactions, although this is a small portion of JPMorgan's total daily payment volume of approximately $10 trillion [3][4] - The platform allows clients to transfer funds in real-time, significantly improving transaction speed, with QNB claiming payments can be guaranteed in as fast as two minutes [5] Group 3: Industry Trends - SWIFT is also exploring blockchain technology by collaborating with Consensys to develop a 24/7 real-time cross-border payment system, indicating a broader industry shift towards blockchain solutions [5][6] - The focus on compliance and interoperability with existing and emerging networks is crucial for both QNB and SWIFT as they bridge traditional finance with digital assets [6]
Digital Asset Adoption Accelerates Alongside Distributed Ledger Technology Implementation, Broadridge DLT in the Real World Study Finds
Prnewswire· 2025-09-29 06:30
Core Insights - The 2025 DLT in the Real World report indicates a significant shift in the adoption of distributed ledger technology (DLT) and digital assets, moving from theoretical discussions to operational implementations [1][2][12] - Broadridge Financial Solutions is at the forefront of this transformation, processing over $280 billion in average daily repo transactions in August 2025, a substantial increase from $45 billion a year ago [2] Adoption Trends - 36% of respondents report active DLT initiatives, highlighting advancements in tokenization, settlement, and secure transaction processing [3] - North America leads in DLT adoption, with 50% of firms running live projects, marking a 72% increase from the previous year [4] - In the APAC region, 43% of respondents are live with DLT and digital assets, reflecting ongoing confidence and development [5] Buy-Side Engagement - 61% of buy-side firms are engaged in proof of concepts, pilots, or live digital asset initiatives, indicating strong investor participation [6] - Firms are leveraging DLT and digital assets to improve intraday liquidity (85%) and reduce transaction costs (79%) [6] Financial Investment - Budgets for DLT and digital assets have tripled since 2020, with average annual spending on digital assets reaching $2.2 million in 2025 and DLT investments averaging $1.8 million [7] - Over 40% of respondents are using DLT to drive new product revenues, doubling from the previous year [7] Industry Challenges - Despite progress, firms face challenges such as limited secondary market liquidity and legal clarity, yet nearly half indicate that political and market conditions have accelerated adoption [10] Future Outlook - Expectations for 2026 suggest a transition from pilot projects to fully integrated operations, with DLT becoming integral to capital markets infrastructure [11]
X @Chainlink
Chainlink· 2025-09-28 22:07
Chainlink will be at @Sibos 2025.Connect with @chainlinklabs at Stand I016 & attend speaking sessions with Chainlink leaders on:• The Future of Digital Assets in the Capital Markets | Chainlink, DTCC• Going from POCs to Production: Unlocking the Full Potential of Tokenized Assets in the Capital Markets | Chainlink• Interoperating Platforms: Realising the Opportunity of New Models | Chainlink• Corporate Actions: Breaking the Automation Barrier | BNP Paribas, Broadridge Financial Solutions, Chainlink, Euronex ...