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Crypto
Circle shaken by OpenUSD debut as Wall Street says selloff overdone
Circle shares fell sharply on worries that a new stablecoin, OpenUSD, could intensify competition, but Wall Street said the selloff looked overdone. ClearStreet said OpenUSD has partners comparable to major stablecoins but has yet to show evidence of meaningful adoption. Circle CEO Jeremy Allaire highlighted USDC's scale and said OpenUSD would not have that base at launch. USDC ranks second among stablecoins by market value.
Crypto
Shiba Inu re-enters top 30 after 24 percent June drop, July rebound uncertain
Shiba Inu posted its weakest monthly performance of the year after sliding 24 percent in June. The drop was its second-largest June decline on record, pushing it out of the top 30 cryptocurrencies by market value and sending the price below $0.0000041. It later climbed back above $0.0000042 and returned to the top 30, with a market value of $2.48 billion. July performance has been mixed historically.
AI & Enterprise
AWS boosts log analytics performance on Amazon OpenSearch Service at no extra cost
Amazon Web Services is rolling out a new log analytics engine for Amazon OpenSearch Service, SiliconANGLE reported on Tuesday. The engine cuts data storage costs by an average 70 percent and doubles data ingestion throughput. AWS said it can also double analytics query speeds without changing hardware configurations. The engine is offered as a selectable mode within an OpenSearch Service domain and is available from Tuesday in all AWS regions that support OpenSearch-optimized instances.
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AI & Enterprise
MSIT seeks to convert 8 non-capital SW-focused universities into AI-focused universities
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AI & Enterprise
MSIT overhauls K-Moonshot rules to build PD-led accountability system
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Finance
Exchange expects around 50 Kosdaq firms to be delisted this year for falling short of market cap
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Crypto
Cardano rebounds after June plunge, clearly outperforms bitcoin
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AI & Enterprise
AI vibe coding spurs surge in mobile game releases, 180,000 launched in six months
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Telecommunications & Media
iPhone 18 Pro likely in 3 colors, with black dropped and 'dark cherry' as lead option
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Crypto
XRP active addresses up 50 percent but $1.06 support wobbles
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Crypto
XRP slides 22 percent in June, possible biggest drop since COVID-19
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Telecommunications & Media
Woori Bank Samsung Wallet Money expands offline payments to Daiso and CU
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Fintech
iM Bank launches Chakchak account with preferential interest and lifestyle coupons
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AI & Enterprise
HCG adds year-end tax settlement AI chatbot to payroll outsourcing service
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Finance
Mirae Asset Securities raises margin requirements for some Korean stocks to address rising volatility
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Games & Commerce
Kakao adds 'Book Eum Card' to KakaoTalk Wallet, linking about 3,000 libraries
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Finance
KB Kookmin Bank launches KB AI Dev Center to use AI from planning to development and testing
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AI & Enterprise
Akamai teams up with Nvidia to embed zero trust security in AI factories