The South Korean Fair Trade Commission (FTC) has classified the crypto exchange Bithumb as a conglomerate. The designation will force the company to adhere to a range of financial compliance rules.Per Jeongi Shinmun, Bithumb was one of just five companies added to the FTC’s list of conglomerate companies and business groups on May 1.Bithumb Conglomerate Status: What Does it Mean?The South Korean government has two separate conglomerate categories. The first is the “large conglomerate” category, which is subject to the strictest level of public disclosure regulations.The South Korean Fair Trade Commission at the Government Complex in Sejong, South Korea. (Source:…
Author: cryphedge
There is no denying that the cryptocurrency market has struggled in 2025, although it has turned around notably in the last few weeks. One asset that may be able to thrive is Ripple, as it enters May with an impressive jump, as its Q2 could see XRP eyeing a trip toward the $3.50 mark.Entering 2025, XRP was among the highest-profile cryptocurrencies for its potential price increase throughout the year. The token was set to benefit from a shifting US regulatory focus amid the returning Trump Administration. That has begun to take shape and could be massive for the asset as…
Algorithmic trading firm Two Prime formally dropped its exposure to Ethereum (ETH), stating that ETH now trades as a memecoin rather than a predictable asset.According to CEO Alexander Blume, the firm will now exclusively manage and lend against Bitcoin (BTC). He added that the firm believes that Bitcoin is the only digital asset that meets institutional standards for liquidity, predictability, and long-term investment viability.The decision follows over a year of performance divergence between BTC and ETH, during which Two Prime had issued more than $1.5 billion in loans backed by Bitcoin and Ethereum through its lending division. Despite that exposure, the…
When the crypto market crashes, many people panic. They sell at a loss. Or they wait for the price to recover. But smart investors don’t do that. They just keep staking and profiting. Even Donald Trump seems to agree. His World Liberty Financial team recently staked over 14,000 ETH (about $50 million) on staking websites like Lido Finance. That’s saying a lot. Staking isn’t just for the crypto-savvy anymore. It’s also something that people with a lot of money do. If Trump can keep making money during a market crash, so can you. And let’s take a look at how…
The digital asset space continues to evolve with new use cases driving investor interest, and the most sought-after projects are those combining strong utility with strategic timing. For anyone scanning the market for the top crypto coins with actual upside potential, a select few are standing out. Among them, Unstaked has quickly gained traction with its AI-powered utility, already drawing comparisons to early-stage Chainlink and Matic. Let’s break down why Unstaked and a few other major names deserve a close look in 2025. 1. Unstaked ($UNSD): Real AI Utility with Early-Stage Momentum Unstaked is turning heads for all the right…
Bybit and FXStreet have released a joint report forecasting that gold could rise to $4,000 per ounce by the end of 2025. The report comes on the heels of gold reaching an all-time high of around $3,500 per ounce. The report also points to silver as a compelling diversification opportunity. Bybit and FXStreet have released a joint report forecasting that gold could rise to $4,000 per ounce by the end of 2025, driven by a combination of macroeconomic pressures, technical momentum, and increasing investor aversion to traditional assets. The report comes on the heels of gold reaching an all-time high…
American multinational financial services company Charles Schwab announced its plan to launch spot cryptocurrency trading within the next year, according to multiple sources. The announcement, made by CEO Rick Wurster during a recent earnings call, shows the growing push by traditional finance firms to explore the crypto sector. 🚨BREAKING🚨 $7.13T asset manager Charles Schwab to launch spot crypto trading within 12 months pic.twitter.com/K7G4lLQ4a4 — Quinten | 048.eth (@QuintenFrancois) May 1, 2025 Charles Schwab Enters into Crypto Space “Our expectation is that with the regularly changing environment, we are hopeful and likely to be able to launch direct spot crypto [trading],…
Two of Wall Street’s most established financial firms, Morgan Stanley and Charles Schwab, are reportedly preparing to offer access to crypto trading.Morgan Stanley reportedly plans to roll out spot crypto trading on its E*Trade platform by 2026. To support this integration, the firm is exploring partnerships with crypto-native companies.While Morgan Stanley already offers crypto ETF exposure to its high-net-worth clients, this new development will expand access to a broader base of retail investors.On the other hand, Charles Schwab is also reportedly positioning itself for a crypto entry.This corroborates the firm’s CEO, Rick Wurster’s, recent statement during its earnings call, which…
Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) for the first spot Sei (SEI) exchange-traded fund with a staking feature included.According to the S-1 registration statement submitted late Wednesday, the proposed Sei Trust would offer investors direct exposure to the price of SEI, the native asset of the Sei blockchain network.Custody of the fund’s assets would be managed by BitGo and Coinbase.Canary Capital’s Spot Sei ETF to Include Staking for Added Investor YieldThe fund also plans to stake a portion of its SEI holdings through one or more infrastructure providers, potentially offering additional yield to shareholders.The…
As the cryptocurrency market gears up for its next major uptrend, early positioning is more important than ever. In past cycles, the biggest returns often went to investors who spotted promising projects before broader recognition hit. This time, many analysts are pointing to Mutuum Finance (MUTM) as one of the top cryptos to watch before the next bull market takes off.Mutuum Finance (MUTM)Mutuum Finance stands out in the increasingly competitive DeFi sector. It’s a fully decentralized protocol built around lending, borrowing, passive income opportunities, and the creation of an on-chain stablecoin system — all without the bottlenecks seen in older…
