UBP Senior Economist Asia Casanova on Tariffs
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
How Coinbase, Robinhood, Circle Could Benefit From The SEC's New 'Project Crypto'
Amid a sharp Friday sell-off in markets, the SEC unveiled what Bernstein analysts call "the boldest and most transformative crypto vision ever laid out by a sitting SEC chair." What Happened: In a speech titled "Project Crypto," SEC Chairman Atkins outlined a sweeping reform agenda that reimagines U.S. capital markets around blockchain-native infrastructure and tokenized assets. According to a note on Aug. 4, the speech challenges decades of regulatory precedent. "Our regulatory framework need not be anchored to an analog past, unkind to new frontiers," Atkins said. "The future is arriving at full speed, and the world is not waiting." Atkins formally acknowledged that "most crypto assets are not securities," calling for the SEC to use its interpretative and exemptive powers to clarify the classification of digital assets, distinguishing between digital commodities, stablecoins, and digital collectibles. This marks a decisive break from previous SEC posture. Bernstein notes that the SEC intends to "reshore" crypto innovation by allowing U.S. firms to issue tokenized versions of stocks and bonds domestically, eliminating the need for offshore structures. Also Read: Why It Matters: The report says the agency has already received tokenization proposals from major Wall Street institutions and unicorn tech companies. Crucially, Project Crypto envisions a "Reg-Super App" framework: consolidating multiple financial licenses under one umbrella, enabling broker-dealers to offer both traditional securities and crypto-native services such as staking and lending through a single platform. The SEC also aims to support "big beautiful on-chain software systems," Bernstein writes, by updating agency rules to facilitate decentralized financial infrastructure like automated market makers and blockchain-based lending. These changes would enable 24/7 instant settlement, asset cross-collateralization, and on-chain interoperability across asset classes. As Atkins summarized, "It is time to upgrade the financial system from online to on-chain." Bernstein analysts view this shift as a dismantling of traditional regulatory moats. "Within our coverage," they write, "platforms such as Coinbase (NASDAQ:COIN), Robinhood (NASDAQ:HOOD), Circle (NYSE:CRCL) can now connect the bridge from native Crypto capital markets to broader integrated on-chain capital markets." Read Next:Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? COINBASE GLOBAL (COIN): Free Stock Analysis Report This article How Coinbase, Robinhood, Circle Could Benefit From The SEC's New 'Project Crypto' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Fujitsu launches R&D on 10,000-qubit quantum project
Fujitsu, a Japan-based digital services provider, has launched research and development (R&D) for a superconducting quantum computer with a capacity exceeding 10,000 qubits. The project is expected to be completed by fiscal 2030. According to Fujitsu, the system will feature 250 logical qubits. It will use the company's STAR architecture, a design focused on early-stage fault tolerance. This initiative seeks to advance practical applications of quantum computing, especially in fields such as materials science, said Fujitsu. The company is part of the "Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems," spearheaded by the New Energy and Industrial Technology Development Organization (NEDO). Fujitsu is collaborating with Japan's National Institute of Advanced Industrial Science and Technology (AIST) and RIKEN to drive quantum industrialisation, with this phase concluding in fiscal 2027. The future plans of Fujitsu include developing a 1,000 logical qubit machine in fiscal 2035, integrating both superconducting and diamond spin-based qubits. The integration aims to utilise multiple interconnected qubit chips. Key technological focuses include high-precision qubit manufacturing, chip-to-chip interconnect technologies, cryogenic packaging solutions, and error correction decoding systems. Fujitsu executive officer, corporate vice president, CTO, and system platform in charge Vivek Mahajan said: 'Fujitsu is already recognised as a world leader in quantum computing across a broad spectrum, from software to hardware. This project, led by NEDO, will contribute significantly to Fujitsu's goal of further developing a Made-in-Japan fault tolerant superconducting quantum computer.' Fujitsu revealed that its collaboration with RIKEN at the RQC-Fujitsu Collaboration Center has already produced a 64-qubit system and a subsequent 256-qubit machine in April 2025. Going beyond superconducting methods, Fujitsu said that it is exploring diamond spin-based qubits with Delft University of Technology and QuTech. This research uses light for connectivity in order to achieve highly precise qubit control. In June 2025, Fujitsu announced a contract from RIKEN to design "FugakuNEXT," a next-generation supercomputer incorporating advanced components from FUJITSU-MONAKA CPUs. Expected to complete its design phase by February 2026, this project represents another significant step in integrating evolving computing technologies with existing systems, said Fujitsu. "Fujitsu launches R&D on 10,000-qubit quantum project" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Nintendo Doubles Quarterly Revenue on Switch 2 Sales
Nintendo (NTDOY, Financials) more than doubled its fiscal first-quarter revenue, fueled by strong demand for its new Switch 2 hybrid console. The device sold 5.82 million units in its first month on the market, helping revenue climb 132% year over year to 572.3 billion yen ($3.8 billion), above LSEG estimates of 474.84 billion yen. Warning! GuruFocus has detected 8 Warning Signs with NTDOY. Operating profit came in at 56.9 billion yen, slightly above the 53.46 billion yen expected. Sales from Nintendo's dedicated video game platform business surged 142.5% to 555.5 billion yen, supported by a higher price point for the Switch 2 compared with its predecessor. Sales from Nintendo's intellectual property-related business, which includes movies and entertainment, fell 4.4% as revenue from The Super Mario Bros. Movie declined. Nintendo kept its full-year forecasts unchanged, projecting 1.9 trillion yen in revenue, 320 billion yen in operating profit, and 15 million Switch 2 unit sales. Analysts say the console could surpass that sales target despite potential headwinds from U.S. tariffs. Morningstar expects Nintendo to offset short-term tariff impacts by growing its user base and increasing game sales over time. Nintendo said Friday that the tariffs are not expected to significantly affect this fiscal year's earnings forecast. Nintendo shares have rallied about 40% year to date on enthusiasm for the Switch 2 launch. The console sold more than 3.5 million units in its first four days on sale. This article first appeared on GuruFocus. Sign in to access your portfolio
