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Search results for April 30

Games & Commerce

Korea Post launches \'Saero Bom\' public savings product for financially vulnerable

A Korea Post public savings programme aimed at helping financially vulnerable people build assets and return to financial activity will begin. The Ministry of Science and ICT\'s Postal Service will run the \'Saero Bom Post Office Public Savings\' programme from June 10. Participants who pay at least 30,000 won each month for six months will receive a 500,000 won achievement grant, with an additional 100,000 won available after completing financial literacy education.

Crypto

XRP runs alone as clash over U.S. Clarity Act intensifies

In the first week of June, the crypto market moved around three themes: XRP’s outperformance, bitcoin’s lack of direction and a power struggle over the U.S. Clarity Act. Spot bitcoin ETFs logged outflows for 10 straight sessions, pushing cumulative net outflows close to $3 billion, while XRP ETFs extended net inflows. JPMorgan publicly opposed the bill, citing a ban on paying interest to stablecoin holders, prompting pushback from Coinbase and support from Senator Cynthia Lummis.

Crypto

XRP ETF tops crypto ETF inflows as bitcoin, ether outflows continue

XRP exchange-traded funds posted the largest inflows among crypto ETFs, with $11.88 million of net inflows on May 29, while bitcoin and ethereum ETFs recorded net outflows of $125.31 million and $17.91 million. Cumulative net inflows into XRP ETFs rose to $1.42 billion, extending a 16-session inflow streak. Bitcoin ETFs marked 10 straight sessions of net outflows, and ethereum ETFs logged 14, with BlackRock products leading recent withdrawals.