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Games & Commerce

Naver Chzzk signs sponsorship deal with Hanwha Life Esports

Naver's streaming platform Chzzk has signed an official e-sports sponsorship deal with Hanwha Life Esports, the company said on Thursday. Naver plans to work with the organisation's League of Legends professional team on exclusive content production, exclusive live streaming and cooperation using intellectual property. The partnership also includes online and offline events and branded content. Naver said it plans to expand cooperation beyond exclusive streaming and content to the broader fan experience.

Crypto

BoA warns interest-bearing stablecoins could drain 35 percent of U.S. bank deposits

Bank of America CEO Brian Moynihan says the spread of interest-bearing stablecoins could trigger as much as $6 trillion in deposit outflows from the U.S. banking system, about 30 to 35 percent of total commercial bank deposits. He says stablecoins could weaken banks’ deposit base, reduce lending capacity and lift funding and borrowing costs, hitting small and midsize businesses hardest. U.S. lawmakers are discussing limits, drawing mixed reactions from the crypto industry.

Mobility

End of U.S. EV tax credit reveals winners as Tesla, Porsche post gains

The U.S. electric vehicle market underwent a sharp adjustment in the fourth quarter after the $7,500 federal EV tax credit ended at the close of the third quarter, pulling demand forward. Cox Automotive data cited by InsideEVs showed 2025 U.S. EV sales at about 1.27 million units, down 2 percent from 2024. Fourth-quarter sales fell to 234,000 units, though Porsche Taycan, Tesla Model Y and Cadillac Escalade IQ posted increases.