| Mobile Web

Search results for virtual asset exchanges

Crypto

XRP runs alone as clash over U.S. Clarity Act intensifies

In the first week of June, the crypto market moved around three themes: XRP’s outperformance, bitcoin’s lack of direction and a power struggle over the U.S. Clarity Act. Spot bitcoin ETFs logged outflows for 10 straight sessions, pushing cumulative net outflows close to $3 billion, while XRP ETFs extended net inflows. JPMorgan publicly opposed the bill, citing a ban on paying interest to stablecoin holders, prompting pushback from Coinbase and support from Senator Cynthia Lummis.

AI & Enterprise

ITCEN Global says first-quarter revenue doubles, targets future finance with digital gold and stablecoin

ITCEN Global said on Thursday its first-quarter consolidated revenue totalled 3.29 trillion won, about 100 percent higher than a year earlier. It said its Web3 unit, led by Korea Gold Exchange, and its IT services business drove growth. Operating profit rose 193 percent to 99.2 billion won and net profit climbed 178 percent to 72.7 billion won. The company outlined plans for digital gold, a gold-backed wallet app and Japan-linked stablecoin research.

AI & Enterprise

Yuanta Securities sees strong Q1 results for Hecto Innovation; highlights subsidiary growth and stablecoin moves

Yuanta Securities issued a report on April 27 with a positive outlook for Hecto Innovation’s first-quarter performance. It expects growth in the core business and consolidated subsidiaries, and sees consolidated first-quarter revenue exceeding 100 billion won. Analyst Kwon Myung-joon highlighted Hecto Financial and Hecto Healthcare, citing guidance-based gains and continued momentum. The report also noted stablecoin-related participation in Circle’s Arc public testnet and Hecto Group’s April agreements and investments.