Pantera Capital and Summer Capital, who previously co-led over $500 million in funding to establish Solana Company (NASDAQ: HSDT), announced the launch of the Asia-Pacific infrastructure project "Pacific Backbone." The first phase will build a high-speed, low-latency network connecting Seoul, Tokyo, Singapore, and Hong Kong to directly support Solana staking and validator node operations, address the network coverage gaps in the APAC region, and reduce staking and validation costs. (The Block)

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