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Crypto

Flare CEO says major XRPFi expansion over next six months to attract 5 billion XRP

Flare will push a major expansion of XRPFi, its XRP-based decentralised finance ecosystem, over the next six months, aiming to make XRP usable as a DeFi asset rather than only for payments. CEO Hugo Philion said Flare will become a fully programmable layer for the XRP Ledger and roll out upgrades starting in about two weeks. FXRP issuance has exceeded 150 million, and he projected up to 5 billion XRP could flow into Flare, though analysts see security checks and stablecoin liquidity as key hurdles.

Finance

Sh Suhyup Bank posts 70 trillion won in assets in first half, 203.4 billion won pre-tax profit

Sh Suhyup Bank recorded total assets of 70 trillion won in the first half of this year and pre-tax net profit of 203.4 billion won. The bank said assets rose 6.7 trillion won from the end of last year, while pre-tax profit increased 7.0 billion won from a year earlier. It plans to strengthen loan asset quality and internal controls in the second half and pursue commercialization of new business ideas proposed by employees.

AI & Enterprise

Hitachi Vantara\'s U.S. Norman manufacturing site named WEF Lighthouse factory

HS Hyosung Information Systems said Hitachi Vantara\'s storage manufacturing facility in Norman, Oklahoma, has been selected as a World Economic Forum Lighthouse factory. Lighthouse factories are manufacturing sites that deliver innovative results in productivity, supply chain resilience and sustainability using technologies such as AI and robotics. HS Hyosung said the site runs an end-to-end digital manufacturing and supply chain hub and cut lead time by 77 percent and inventory by 50 percent by applying agentic AI.