PANews reported on September 28th that, according to CoinDesk, Syncracy Capital co-founder Ryan Watkins pointed out that digital asset reserves (DATs) could evolve from speculative entities into long-term economic engines for blockchain. Currently, DATs hold approximately $105 billion in mainstream assets like Bitcoin and Ethereum, a size that is underestimated by the market. Watkins believes that a small number of DATs will develop into comprehensive operators deeply involved in network construction, assuming responsibilities such as financing and governance. Because they control a large amount of token supply, their reserves are not only a pool of funds but also a tool for influencing ecosystem policies. He cited the example of networks like Solana, where larger-scale staking can directly improve service quality or reduce user costs. Through staking, liquidity provision, and acquisition of on-chain infrastructure, DATs can transform token reserves into productive assets. Successful DATs combine the perpetual capital of closed-end funds, the balance sheet management of banks, and a Berkshire Hathaway-style growth ethos, with returns directly reflected in token appreciation. Watkins predicts that the first generation of DATs, which relied on financial engineering, will be eliminated, leading to industry consolidation. Ultimately, the winners will be those with rigorous capital allocation and operational capabilities, reinvesting profits in token accumulation and ecosystem development. He concludes, "Well-managed DATs could become the Berkshire Hathaway of the blockchain world."PANews reported on September 28th that, according to CoinDesk, Syncracy Capital co-founder Ryan Watkins pointed out that digital asset reserves (DATs) could evolve from speculative entities into long-term economic engines for blockchain. Currently, DATs hold approximately $105 billion in mainstream assets like Bitcoin and Ethereum, a size that is underestimated by the market. Watkins believes that a small number of DATs will develop into comprehensive operators deeply involved in network construction, assuming responsibilities such as financing and governance. Because they control a large amount of token supply, their reserves are not only a pool of funds but also a tool for influencing ecosystem policies. He cited the example of networks like Solana, where larger-scale staking can directly improve service quality or reduce user costs. Through staking, liquidity provision, and acquisition of on-chain infrastructure, DATs can transform token reserves into productive assets. Successful DATs combine the perpetual capital of closed-end funds, the balance sheet management of banks, and a Berkshire Hathaway-style growth ethos, with returns directly reflected in token appreciation. Watkins predicts that the first generation of DATs, which relied on financial engineering, will be eliminated, leading to industry consolidation. Ultimately, the winners will be those with rigorous capital allocation and operational capabilities, reinvesting profits in token accumulation and ecosystem development. He concludes, "Well-managed DATs could become the Berkshire Hathaway of the blockchain world."

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more