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Industry

South Korea set to unveil plan to invest in up to eight U.S. nuclear reactors to meet AI power demand

South Korea will soon announce a large-scale energy investment plan in the United States to support the expansion of the U.S. AI industry, the Wall Street Journal reported. The plan would fund construction of up to eight nuclear reactors and natural gas power plants, and the total could exceed $100 billion. It follows a trade deal under which U.S. tariffs were cut and South Korea pledged investments and energy purchases.

Finance

Foreign selling of 2.5 trillion won pulls KOSPI down 0.25%, but it holds 7,000

South Korea\'s KOSPI fell on Thursday as foreigners stepped up selling, but it held the 7,000 mark after recovering most intraday losses on buying by institutions and retail investors. The index closed down 0.25% at 7,033.92 after briefly sliding to the 6,900 level. Foreigners were net sellers of 2.49 trillion won, while individuals and institutions were net buyers. The won ended firmer against the dollar and the Kosdaq rose.

Crypto

Former Ripple CTO says XRP could one day overtake Bitcoin by market value; key condition

Former Ripple Chief Technology Officer David Schwartz raised the possibility that XRP could eventually overtake Bitcoin in market capitalisation. He said the scenario was more likely to come from a sharp rise in XRP than a steep decline in Bitcoin, citing faster transaction speeds and broader functionality. Schwartz also said market-cap debates depend on timing and perspective, recalling earlier doubts about price increases. He pointed to XRP’s past rise to No. 2 by market value in late 2017.