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HSDT Launches Pacific Backbone to Boost Solana Speed

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR

  • Solana Company has started building a high-speed infrastructure network across the Asia Pacific region.
  • The Pacific Backbone will connect Seoul, Tokyo, Singapore, and Hong Kong with low-latency systems.
  • The network will support Solana staking validation and trading services for institutional clients.
  • HSDT holds about 2.3 million SOL in its corporate treasury.
  • The company plans to launch DeFi tools, liquid staking, and execution services within 18 months.

Solana Company has begun constructing a high-speed infrastructure network across the Asia-Pacific. The project aims to strengthen Solana staking, validation, and trading services. Executives say the buildout prepares SOL for its next “super cycle.”

Pacific Backbone Connects Key Asian Financial Hubs

The initiative, called Pacific Backbone, links Seoul, Tokyo, Singapore, and Hong Kong. It will operate a low-latency cluster for institutional users.

The company said it will start construction immediately. It expects optimization and product launches within 18 months.

Planned services include DeFi tools, liquid staking, and automated market makers. The firm will also provide execution services for finance partners.

Joseph Chee said the expansion prepares Solana for future growth. He described the plan as positioning for the next super cycle.

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The network targets market makers and high-frequency trading firms. It seeks to cut latency and reduce reliance on outside providers.

Solana processes over 3,500 transactions per second. The blockchain supports millions of daily active wallets.

HSDT Expands Treasury Strategy and Regional Operations

HSDT trades on Nasdaq and backs the infrastructure push. Pantera Capital and Summer Capital co-led its $500 million funding round.

Cosmo Jiang said the roadmap will improve regional staking performance. He added it should diversify revenue across Asia.

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Solana Company holds about 2.3 million SOL in treasury. The stake is worth more than $180 million at current prices.

The firm partnered with Anchorage Digital and Kamino on a lending venture. The venture lets institutions borrow against natively staked SOL.

Public companies have maintained steady SOL staking levels. Data shows treasury valuations have fallen to record lows.

HSDT shares fell over 8% in Monday trading. The stock has dropped more than 90% since September.

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The buildout focuses on compliant infrastructure for regulated Asian markets with strict standards. Engineers will deploy state-of-the-art hardware across each data center location in the region.

The cluster will support validators, staking pools, and trading desks across major hubs. Management said the network will capture more stakeholder value internally for the company.

The company continues operating its neurotech and medical device units alongside blockchain initiatives. It rebranded from Helius Medical Technologies in September to pursue a Solana strategy.

Shares traded at $1.76 during the latest session on the Nasdaq exchange. Other crypto stocks also posted losses on Monday during early market hours.

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Solana declined nearly 6% during the past 24 hours. Bitcoin also fell more than 4% over the same period.

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Crypto World

Saylor Says Quantum Risk to Bitcoin is distant and Manageable

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Ethereum, Vitalik Buterin, MicroStrategy, Quantum Computing, Michael Saylor

Strategy CEO Michael Saylor dismissed concerns about quantum computing during an appearance on Natalie Brunell’s Coin Stories podcast, saying the cybersecurity community broadly agrees that any credible quantum threat is likely more than a decade away.

While it remains unclear if or when a quantum risk might materialize, Saylor told the podcast host that any credible breakthrough would prompt coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks and crypto protocols, including Bitcoin (BTC).

Saylor said the digital systems underpinning modern digital infrastructure would eventually adopt post-quantum-resistant cryptography if necessary, adding that such a shift would not come as a surprise. 

“You’ll see it coming. We’ll all see it coming,” he said, adding that Bitcoin’s software is designed to change over time, with nodes, hardware, and wallets capable of upgrading in response to emerging threats.

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Ethereum, Vitalik Buterin, MicroStrategy, Quantum Computing, Michael Saylor
Source: Coin Stories

In his view, global consensus on how to respond would emerge only if a credible threat develops, noting that governments, technology companies and financial institutions would all face the same risk to their digital systems.

He also described the crypto sector as the “most sophisticated cybersecurity community,” pointing to the multi-factor authentication and hardware key protections commonly used to secure digital assets.

In his view, the procedures required to move Bitcoin are significantly more rigorous than the security standards used for traditional bank wires or stock trading systems. Saylor said:

“I think the crypto community will be the first to perceive the threat, and to react to the threat, and they’ll be leading the way.”

Quantum computing is an emerging field of computation that uses quantum mechanics to process information far faster than classical computers, prompting concerns that advanced machines could eventually break the cryptography securing Bitcoin and other digital assets.

Saylor’s Strategy is the largest Bitcoin treasury company in the world. On Monday, the Tysons Corner, Virginia-based company announced it had purchased 592 Bitcoin for roughly $39.8 million last week, its 100th acquisition since adopting a Bitcoin treasury strategy in August 2020.

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It currently holds 717,722 BTC, acquired for about $54.56 billion at an average price of $67,286 per coin.

Ethereum, Vitalik Buterin, MicroStrategy, Quantum Computing, Michael Saylor
Source: Michael Saylor

Related: Willy Woo warns quantum risk is eroding Bitcoin’s edge over gold

The ongoing quantum debate in crypto

While Michael Saylor, one of Bitcoin’s most prominent advocates, has downplayed the risks posed by quantum computing, others in the crypto industry appear more worried about the threat.

One of them is Ethereum (ETH) co-founder Vitalik Buterin, who in late 2025 cited Metaculus, a forecasting platform, that suggested around a 20% chance that quantum computers capable of breaking current cryptography could emerge before 2030, with a median estimate around 2040. 

Speaking months later at Devconnect in Buenos Aires, he warned that elliptic curve cryptography, which underpins Ethereum and Bitcoin, could fail before the 2028 US presidential election and urged a transition to quantum-resistant systems within the next four years.

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The Ethereum Foundation has incorporated post-quantum preparedness into its 2026 security roadmap, with researcher Justin Drake announcing on Jan. 24 that a dedicated Post-Quantum team had been formed, describing the move as a turning point in the foundation’s long-term quantum strategy.

The quantum threat has even caused some to speculate its the reason behind the Bitcoin’s recent price decline, which has fallen from highs of over $126,000 in October to its current price of around $64,000.  

In January, Castle Island Ventures partner Nic Carter said Bitcoin’s “mysterious” underperformance could be attributed to quantum risk concerns, saying that markets were reacting even if developers were not.

That view drew pushback, with Glassnode analyst James Check writing that quantum computing plans should be put in place, but the threat is not the “primary reason” behind the decline in price.

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Ethereum, Vitalik Buterin, MicroStrategy, Quantum Computing, Michael Saylor
Source: James Check

Magazine: Bitcoin may take 7 years to upgrade to post-quantum: BIP-360 co-author