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Morgan Stanley is preparing to launch a cryptocurrency spot trading service, including BTC, through its subsidiary 'E-Trade'. Bloomberg reported on the 1st, citing sources, that Morgan Stanley is preparing to launch a cryptocurrency spot trading service for individual customers at E-Trade by next year.
2. Tether Surpasses 1.4375 Trillion Won in First Quarter Profit... "One-Fourth of Previous Year"
Tether's first quarter net profit in 2025 has barely exceeded 1 billion dollars. Tether announced on the 1st through a financial report prepared by the accounting firm BDO that its net profit in 2025 has exceeded 1 billion dollars. Tether's net profit has decreased by more than four times compared to the 4.52 billion dollars recorded in the first quarter of 2024.
3. Canary Capital Submits Sei Spot ETF Application Allowing Staking
Asset management firm Canary Capital submitted an approval application for a Sei spot Exchange Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) on the 1st. The Sei spot ETF submitted by Canary Capital includes provisions for providing staking rewards to investors.
4. Tether CEO "Halting EU 'MICA' Registration"
Paolo Ardoino, CEO of Tether, stated on the 1st at the Token 2049 Conference that he will not proceed with the registration of the European Union (EU) integrated cryptocurrency regulation 'MICA'. He pointed out the MICA provision requiring about 60% of stablecoin reserves to be deposited in banks within the EU region, explaining that MICA registration is risky due to the potential bankruptcy of banks in the EU region.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
