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AI & Enterprise

Lomin supplies document AI agent to support Korean Re automation of insurance rate calculation

Document AI company Lomin said on Tuesday it supplied its document AI agent, also called Lomin, to Korean Reinsurance’s project to build an AI assistant for calculating rates for special insurance. The project applies AI to rate-setting tasks in the special insurance underwriting process. Lomin handled retrieval-augmented generation preprocessing, classifying and parsing submitted documents such as rate request forms and questionnaires, extracting required information and converting it into structured data.

Crypto

$1.4 billion moves even when Wall Street rests as tokenised stocks rise

Tokenised products tracking stock prices traded more than $1.4 billion while U.S. equity markets were closed for the Labor Day holiday, data showed. CoinGecko data compiled for 42 major tokens across Robinhood, bStocks, xStocks and Ondo Global Markets showed weekend turnover of $1.01 billion, similar to Friday's $1.02 billion. Robinhood chain accounted for 57 percent of weekend volume. The most traded token tracked the Nasdaq 100 ETF QQQ.

Crypto

Tom Lee says Ethereum will outperform Bitcoin as BitMine holds 5.93 million ETH

BitMine Immersion Technologies bought an additional 28,086 ether, taking its holdings to 4.9 percent of total Ethereum supply. Fundstrat co-founder Tom Lee said Ethereum could outperform Bitcoin in coming years, citing growth in real-world asset tokenisation and agentic AI use cases. BitMine said most of its ether is staked and projected annual staking income based on a 2.61 percent annualised yield. Ethereum and BitMine shares fell in recent trading.