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Crypto

Sui steps up South Korea push, eyes broader ties with finance and big tech on clearer rules

Sui has designated South Korea as its top priority market in Asia and plans to expand cooperation with financial institutions and big tech companies once domestic stablecoin rules and guidelines become clearer. Mysten Labs co-founder and chief product officer Adeniyi Abiodun highlighted agentic finance and said Sui is building infrastructure for AI agents to make investment and payment decisions. The company also cited partnerships on payments and bitcoin-focused DeFi infrastructure.

Industry

Chaevi targets operating profit in 2027, outlines growth strategy ahead of Kosdaq listing

South Korean electric-vehicle fast-charging infrastructure operator Chaevi set a target to turn EBITDA profitable in the fourth quarter of 2026 and to achieve an operating profit in 2027. CEO Choi Young-hoon (최영훈) outlined the company’s core strengths and growth strategy ahead of a planned Kosdaq listing. Chaevi said higher utilisation and a shortage of new fast chargers could bring forward profitability. It also detailed overseas expansion and IPO terms, including a 10 million-share offering.

Crypto

U.S. ETF issuer Volatility Shares expands altcoin leveraged ETF lineup

U.S. exchange-traded fund issuer Volatility Shares has listed six ETFs based on Cardano, Stellar and Chainlink on Cboe’s BZX Exchange. The lineup includes a 1x ETF that tracks spot returns and a 2x ETF targeting twice the daily return, with separate tickers for each asset. Data show the firm manages more than $3 billion in assets as of March 30, including about $960 million in its BITX leveraged bitcoin futures ETF.