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Tower is a decentralized exchange on the Babylon Genesis network, secured by Babylon Bitcoin staking protocol. It facilitates trading of Bitcoin LSTs, LRTs, and native assets, integrating with Cosmos wallets and bridge providers for cross-chain liquidity.
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“New Stock God” Serenity: Multiple Mid-to-Large Cap AI Companies Still Have Upside Potential
“New Stock God” Serenity posted on platform X, stating that compared to AI concept stocks like ARM and Marvell that have already seen significant gains, they are more focused on companies within the AI supply chain with market capitalizations between $10 billion and $100 billion.The targets they listed include ASE Technology (ASX), Sumitomo Electric Industries, Jabil (JBL), Vicor (VICR), GlobalFoundries (GFS), Applied Optoelectronics (AAOI), Alchip, Tower Semiconductor (TSEM), Fabrinet (FN), Furukawa Electric, Celestica (CLS), Nebius (NBIS), Nokia (NOK), Amkor (AMKR), Lumentum (LITE), and Coherent (COHR), among others.Serenity noted that some of the small-cap investment ideas they proposed are primarily aimed at seeking excess returns. However, overall, they still believe that many of the aforementioned AI supply chain companies have room for further upside. Serenity also disclosed that they currently hold positions only in NBIS, TSEM, and AAOI.
Bithumb Faces Another Regulatory Storm as South Korean Police Investigate Lawmaker's Influence in Hiring Allegations
Odaily News: South Korean police recently raided cryptocurrency exchange Bithumb to investigate allegations that independent lawmaker Kim Byung-gi used his influence to secure a job for his son. According to reports, Kim’s son joined Bithumb in January 2025 and worked there for about six months. Police are investigating whether external pressure or preferential treatment was involved in the hiring process. Additionally, the case has also implicated Dunamu, the operator of South Korea’s largest crypto exchange Upbit, with the investigation scope expanding from simple hiring issues to potential abuse of power and conflicts of interest.Investigators noted that during his tenure on the National Assembly's Political Affairs Committee, Kim Byung-gi raised multiple inquiries against Dunamu during committee meetings, sparking external speculation that he may have been seeking benefits for the company where his son was employed.It is understood that police have previously questioned executives from several cryptocurrency firms and have conducted search and seizure operations at Bithumb’s headquarters and Bithumb Financial Tower. Kim Byung-gi himself is under investigation on 13 charges, including allegations related to job placements, bribery for nominations, and requests concerning university transfers. He has stated that he believes he will ultimately be able to prove his innocence.Notably, Bithumb has been facing sustained regulatory pressure recently. In March this year, South Korea’s financial regulator fined Bithumb approximately $24.5 million for violations related to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, and issued a six-month partial business suspension order. However, the Seoul court temporarily suspended the penalty in late April, and the relevant legal proceedings are still ongoing. (Cointelegraph)