Tag: Digital

Anchorage Digital Adds Solana Staking via Marinade Finance

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Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets. According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications. The setup separates staking delegation from withdrawal control, allowing institutions to participate in validator selection and yield generation while retaining asset control. Clients can choose between two staking strategies: one that allocates across a curated…

JSCC Tests Japanese Government Bonds as Digital Collateral on Canton

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Japan Securities Clearing Corporation (JSCC), part of Japan Exchange Group (JPX), said Monday it will launch a proof of concept with Mizuho Financial Group, Nomura Holdings and Digital Asset to test the use of Japanese government bonds as digital collateral on the Canton Network. The project will examine whether Japanese Government Bonds (JGBs) can be transferred and managed onchain while maintaining the legal status of the bonds under the Book-Entry Transfer Act and the Financial Instruments and Exchange Act. The trial will also test whether integrating existing systems with Canton’s…

eToro agrees to acquire Zengo for $70M to deepen digital asset strategy

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Digital brokerage platform eToro has agreed to buy Zengo, a self-custodial crypto wallet provider, in a deal valued at about $70 million, according to a Wednesday announcement and a source familiar with the terms cited by Bloomberg. The acquisition is part of eToro’s strategy to expand digital asset offerings and strengthen its link between traditional finance and on-chain infrastructure. Zengo will continue operating its secure crypto wallet under eToro, serving millions of users while expanding its capabilities in digital assets and financial services. Commenting on the move, Yoni Assia, eToro’s…

Bitmine books $3.8 billion quarterly loss on digital asset holdings

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Bitmine Immersion Technologies said it incurred about $3.8 billion in paper losses tied to its digital asset portfolio in the quarter through February 28, according to a new filing with the SEC. The company posted a $3.8 billion net loss for the quarter, compared with a $1.15 million loss in the prior-year period. Revenue totaled $11 million, a 633% year-over-year increase, driven largely by a new staking operation that generated $10.2 million. Bitmine said it staked more than 3.3 million ETH tokens, earning a yield of about 2.89%. On a…

Bitwise CIO says Iran conflict is showing Bitcoin’s geopolitical value beyond digital gold

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Bitwise Chief Investment Officer Matt Hougan says Bitcoin’s strong performance during the Iran conflict is revealing a deeper shift in how the market may be starting to value the asset. In a new memo titled Why Bitcoin Rallies on Geopolitical Uncertainty, Hougan argued that Bitcoin is not only behaving like digital gold, but is increasingly being repriced as a neutral monetary asset that could gain relevance in cross border settlement during periods of geopolitical stress. The memo says Bitcoin rose 12% between the February 27 market close and April 10,…

Sreeram Kannan: Agents are transforming into ownable digital assets, blockchain provides stability against AI disruption, and Eigenlayer is redefining blockchain infrastructure

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Key takeaways Agents are emerging as a new form of digital assets, transforming ownership and value in the digital economy. Blockchains and cryptography offer stability in an AI-dominated world, as AI cannot disrupt these technologies. Current blockchain technologies lack the programmability needed for advanced applications like machine learning. Eigenlayer provides a platform for creating custom layers with shared security, enhancing blockchain infrastructure. The crypto market is not yet ready for hyper modularization due to limited market size and revenue. Eigenlayer has established itself as a market leader in its category,…

Foundry Digital Launches Zcash Mining Pool

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Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients. “Institutional and public miners are seeking a compliant, purpose-built Zcash mining solution,” Foundry said on Monday, a month after announcing its plan to create the Foundry Zcash Pool. Source: Foundry Foundry, which is also the largest mining pool on the Bitcoin blockchain, did not disclose which institutional miners it had onboarded to reach a 29.2%…

BlackRock taps Galaxy Digital as validator for its staked Ethereum ETF

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Galaxy Digital has been named an approved validator for BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), the firm’s first crypto exchange-traded product designed to generate staking rewards, according to a Thursday press release. Launched last month, ETHB is expected to follow in the footsteps of BlackRock’s Bitcoin ETF, which has grown into a top-performing digital asset fund since 2024. As of April 8, the fund had over $435 million worth of assets under management, with $339 million in staked ETH. The ETF will stake a majority of its Ether holdings…

Standard Chartered plans to merge parts of Zodia Custody into its digital assets division

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Standard Chartered plans to unify Zodia’s custody service with its digital asset division, Bloomberg reported Wednesday, citing people with knowledge of the plan. Established in late 2020 by SC Ventures, Standard Chartered’s innovation unit, and Northern Trust, Zodia Custody is a digital asset custodian designed specifically for institutional investors. The platform aims to bridge traditional banking expertise with the speed and innovation of fintech to provide secure and compliant custody. Zodia Custody is jointly owned by Standard Chartered, Northern Trust, and SBI Holdings, with Standard Chartered as the largest and…

Bank of Korea and Bank of France hold talks on digital assets

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The Bank of Korea and Bank of France are hosting a two-day seminar on digital assets and climate change to explore their effects on the economy and central bank roles, according to Yonhap, South Korea’s main national news. The forum will conclude on Wednesday, bringing together central bank researchers and academic experts from both countries. Participants discussed central bank digital currencies, payment systems, macroeconomic risks, and financial policy challenges as part of an ongoing academic exchange program alternating between the two countries. The seminar is the latest in a recurring…