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Crypto
Peter Schiff slams Strategy business model, says it shifted from buying bitcoin to surviving by selling
Economist Peter Schiff criticised bitcoin-holding firm Strategy’s capital management as a “mid-stage Ponzi scheme,” arguing it has shifted from raising funds to buy bitcoin to selling bitcoin to pay dividends, interest and debt. He warned this could pressure bitcoin’s price, citing Strategy’s purchases since October 2025 and potential further sales. He also pointed to the yield on preferred product STRC and flagged risks to technical support levels.
Crypto
XRP jumps 10 percent in a week; U.S. XRP spot ETFs' assets top $1 billion again on price rebound
Net assets in the U.S. XRP spot ETF market have climbed back above $1 billion, with total assets across five funds at $1.05 billion. The recovery is seen as largely driven by XRP's price rebound, not fresh inflows. XRP rose 10.5 percent over the past week to about $1.15, lifting the value of holdings. Net inflows were $17.19 million during the period, extending a nine-week streak.
AI & Enterprise
Hana Financial Convergence Technology Institute develops in-house finance-focused AI model
Hana Financial Convergence Technology Institute, an internal independent company within Hana Financial TI, developed a finance-focused AI foundation model with Saltlux. The model is trained for key functions needed in finance, including understanding financial documents, searching work knowledge, question-and-answer tasks and summarising documents. The institute plans to apply it first to corporate lending, internal controls and counselling support, and later expand its use to an AI search service for customers.
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Crypto
Altcoin rally shakes Bitcoin market share without broad-based rise
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Crypto
Clearstream expands crypto custody to eight assets including XRP, XLM and ADA
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Crypto
Toss tests Optimism infrastructure for won-pegged stablecoin
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Games & Commerce
Kakao launches Card Receipts shopping points promotion offering up to 10,000 points
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AI & Enterprise
Synology launches DP5200 backup appliance with AI-based security, support for large workloads
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Crypto
Wemix lists on U.S. crypto exchange Kraken, steps up push into Western markets
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AI & Enterprise
NC AI's Varco Voice named outstanding use case at AI for Good
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AI & Enterprise
RLWRLD hires AWS Leader Karthik Krishnamurthy to lead Go-To-Market and Strategic partnerships
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Finance
KOSPI opens down more than 2 percent on semiconductor correction fears
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AI & Enterprise
ITCEN PNS to expand AI security response business amid spread of AI-driven threats
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AI & Enterprise
SKT to roll out AI across T World stores to upgrade consultations and operations
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AI & Enterprise
Naver Cloud, Mistral AI form partnership targeting manufacturing
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Crypto
Oil prices ease but gasoline inflation lingers; July U.S. CPI seen as turning point for bitcoin
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Crypto
Vanguard to hire head of digital assets, signalling shift from cautious stance on bitcoin
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Mobility
Mercedes eyes Hungary production for compact G-Class in bid to cut costs