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Crypto

Coocon completes stablecoin payment PoC with iM Bank and Vitoz

Business data platform company Coocon completed a proof of concept for stablecoin-based payment technology with iM Bank and Vitoz, it said on Tuesday. Coocon said the test verified technology for building a stablecoin issuance and payment ecosystem. It linked its payment data API and infrastructure connection technology with iM Bank’s financial infrastructure and Vitoz’s blockchain and CPG technology, integrating the full process from payment requests to settlement and notifications.

Crypto

Bitcoin early-cycle myth is over; CryptoQuant CEO says large capital needed

Bitcoin would need far larger capital inflows than in the past to surge sharply again, with the next upswing likely driven by long-term institutional balance-sheet money rather than retail demand, an analysis said. CryptoQuant CEO Ki Young Ju said the market can no longer generate big gains with small inflows. Data show spot Bitcoin ETFs have seen sustained outflows since early May, weighing on hopes of a quick return to record highs.

AI & Enterprise

Naver, KAI to jointly develop defence-focused AI foundation model

Naver, Naver Cloud and Korea Aerospace Industries (KAI) will jointly develop an artificial intelligence model optimised for defence and a physical AI-based future combat system platform, the companies said on Tuesday. They will first pursue a defence-focused AI foundation model to reduce security risks and strengthen defence technology self-reliance. The partners plan to join government-led national R&D projects and block-funding programmes using the jointly developed model.