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Crypto
XRP exchange holdings fall amid weakness; Upbit accounts for 42 percent of net outflows
About $321 million worth of XRP flowed out of centralised exchanges worldwide over the past seven days, with $135.9 million in net outflows from Upbit, representing 42 percent of the total, The Crypto Basic reported. CoinGlass data showed net outflows from Coinbase, Binance, Bybit and OKX, while Bitstamp and Crypto.com recorded net inflows. Upbit’s XRP reserves fell from 6.515 billion to 6.497 billion tokens. XRP dropped from $1.33 to $1.14 this month.
Crypto
Arthur Hayes: I just sold at a fair price as selling row follows bullish calls
BitMEX co-founder Arthur Hayes has come under criticism from on-chain investigator ZachXBT after unwinding positions in tokens he had publicly backed. ZachXBT questioned whether Hayes used investors as “exit liquidity” after Hayes sold holdings in NEAR Protocol, Hyperliquid’s HYPE, Zcash’s ZEC and Worldcoin’s WLD within a short period. Hayes rejected the allegation, saying he simply sold at a fair price to willing buyers.
Finance
Mirae Asset Securities launches foreign investor omnibus account service with Singapore brokerage
Mirae Asset Securities will launch a foreign investor omnibus account service in partnership with Singapore-based brokerage UOB Kay Hian, it said on Sunday. The service allows overseas investors to trade South Korean shares through their local brokerage systems without opening separate accounts in South Korea. Mirae Asset said the deal was led by its Singapore unit and expects it to improve market access for investors in Singapore and Southeast Asia. It plans to expand cooperation with other overseas financial institutions.
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Industry
Beta Technologies targets commercial operations for Alia CX300 electric aircraft in 2027
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Games & Commerce
Nexon, Naver to launch FC Online-Chzzk linked content
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AI & Enterprise
Goldman Sachs picks South Korea and Taiwan as next big AI investment wave
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AI & Enterprise
K-AI models expand on-site use from national heritage to bank branches
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AI & Enterprise
Jiransoft Group's JSecurity sets up Korean R&D unit JSecurity X
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Finance
Retail money pours into Korea Investment Management space ETF ahead of SpaceX listing, 60 billion won net buying
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General News
Lee says 2026 to mark start of 'irreplaceable Korea' dream, new K initiative era
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Telecommunications & Media
KT runs World Cup pop-up at Onmaru in Gwanghwamun with AI experiences and cheering goods
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Crypto
XRP long bets rise, analyst says it is too early to call a bottom signal
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AI & Enterprise
Companies tighten AI budgets as model routing gains traction, pressuring OpenAI and Anthropic
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Games & Commerce
Neowiz names Park Sung-jun as new CEO, shifts to development-led co-CEO structure
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AI & Enterprise
MyRealTrip CTO Heo Won-jin to speak at Anthropic global developer conference in Tokyo on June 11
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Finance
Shinhan Bank launches emergency loan for basic pension recipients
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Mobility
Waymo, Tesla were preceded by a car that hit 180 kph in autonomous driving in 1995
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Crypto
Cardano core contributor announces exit amid financial troubles, leadership issues