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Crypto

Ethereum 2.0 era coming, Tom Lee sets out ETH recovery scenario

Tom Lee (톰 리), chairman of BitMine, said Ethereum is near a bottom and could return to growth over the long term in an “ETH 2.0” phase. He cited four factors that weighed on the crypto market this year, including shifting U.S. Federal Reserve policy expectations and uncertainty over the U.S. “Clarity Act”. He also pointed to technical rebound signals and outlined BitMine’s strategy to accumulate ETH.

Finance

KakaoBank steps up digital finance cooperation with Mongolia\'s MBank

KakaoBank is expanding cooperation with a Mongolian digital bank on alternative credit scoring and is pursuing an equity investment. The company said CEO Yun Ho-young attended the Korea-Mongolia Business Forum in Ulaanbaatar on July 9 as part of the South Korean president\'s economic delegation. KakaoBank discussed cooperation with MCS Group and signed a term sheet for a strategic investment in its digital bank unit, MBank.

Finance

Shinhan reignites financial super app race as AI moves into workplace

Shinhan Financial Group unveiled its integrated platform Shinhan SuperSOL, combining banking, card, securities and insurance services in one app, reigniting competition over financial “super apps”. The revamp centres on the banking app and includes SOL LINK, which ties deposit accounts to stock trading. Separately, AI use in finance is expanding beyond chatbots to agent-style systems for document analysis, customer service and automation, while banks and fintechs roll out workplace programmes and data-hub projects.