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Crypto
Bitcoin, Ethereum and XRP whale accumulation grows, CryptoQuant calls it late bear market signal
Large investors are continuing to accumulate bitcoin, ethereum and XRP, suggesting the cryptocurrency market is entering the late stage of a bear market, an analysis showed. On-chain analytics firm CryptoQuant said whale buying has increased across the three assets, resembling patterns seen near the end of past downturns. It said supply tends to tighten when long-term holders absorb selling. CryptoQuant added that a final bottom is not confirmed and another decline is still possible.
People & Appointments
Park In-hwan inspects CU postman rest shelter operations
Park In-hwan (박인환), head of South Korea's Postal Service, visited a CU store in Gwangjin-gu, Seoul, on Wednesday to inspect operations of a rest shelter for postmen. The Postal Service, citing worsening delivery conditions amid frequent extreme heat alerts, has designated 174 CU directly operated stores nationwide as postman shelters in cooperation with BGF Retail. The companies plan to expand the number of participating stores.
AI & Enterprise
SKT's A. AI service restored after temporary outage
SK Telecom's AI service A. suffered a temporary disruption and has been restored. SKT said the A. team carried out system maintenance from 4:30 p.m. to 5:13 p.m. on Aug. 6. Earlier, functions including call summary did not work properly. The service returned to normal after the maintenance was completed. SKT initially suspected a large language model error, but the check found a problem in calling equipment.
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Industry
L&F Q2 operating profit 20.8 billion won, returns to profit from year ago
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Crypto
Evernode CEO outlines strategy to monetise XRP holdings
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Industry
Musk lays out bold goals at first SpaceX earnings call after listing as executives urge caution
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Crypto
XRP shows signs of nearing end of slump tunnel, seen bottoming at $0.65 and running to $6
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Industry
Posco Future M agrees long-term supply of 190,000 tons of LFP cathode material to Korean battery maker
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AI & Enterprise
Cloudflare launches browser-based open-source AI workspace Cloudflare OS
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AI & Enterprise
Mistral launches 3 billion-parameter safety model ShieldStral
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AI & Enterprise
AWS links Continuum to OpenAI, Anthropic AI coding tools for in-editor vulnerability scans
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AI & Enterprise
Three ministries' roles take shape in fostering physical AI: MSIT on tech, MOTIE on field, MSS on diffusion
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Industry
Telechips posts Q2 operating profit of 3.18 billion won, third straight quarter in the black
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Telecommunications & Media
Tving swings to profit in Q2 on 40 percent revenue growth
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People & Moves
Baek Gyeong-hoon visits Seoul Smart Shelter Center, stresses healthy digital-use skills
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Finance
Bizplay, BQAI to cooperate on AX for business travel and expense management
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AI & Enterprise
Spiky talent gains attention in tech hiring market
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Finance
KOSPI slumps 4.58% as foreigners net sell 33.3 billion won; Kosdaq holds 800 level