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Industry

US K-beauty sales surge 48 percent in a year as local retailers expand offerings

Korean beauty product sales are rising in the United States, drawing attention from local media. Korea’s Olive Young opened its first U.S. store in late May and recently launched a second in Century City, with more planned. The Pasadena store drew 6,000 visitors on opening weekend and now averages more than 1,600 a day. NielsenIQ data showed U.S. K-beauty sales reached $2.8 billion in early 2026, up about 48 percent year on year.

Crypto

MegaETH to end Megamafia accelerator after two years

Ethereum layer2 project MegaETH will end its flagship accelerator program, Megamafia, after two years and two cohorts. Core team member Shuyao Kong said the program was successful in many ways, but assumptions made when it was designed are no longer valid. About 20 teams were supported and raised about $80 million from pre-seed to Series A, MegaETH said. Kong said much of the value did not flow back to MegaETH and most successful projects no longer develop with it.

Crypto

Uniswap holds first vote to activate v4 pool protocol fees

Uniswap governance is voting on a proposal to activate protocol fees for certain v4 pools. It is also voting on a separate proposal to expand v2 and v3 fee collection on Robinhood Chain. Both proposals have moved to a final on-chain vote running from July 19 to July 26. Uniswap founder Hayden Adams said on X that, given current volumes including on Robinhood Chain, the impact on UNI burns would be significant.