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AI & Enterprise

Why the U.S. is wary of Moonshot AI\'s Kimi K3

China startup Moonshot AI’s large language model Kimi K3 is being assessed as having narrowed the gap with top U.S. AI models to weeks, raising caution in Silicon Valley. Analysts and researchers cited faster catch-up, competitive costs and results that rank near leading U.S. systems. U.S. figures voiced concern and renewed debate over restrictions. Users praised performance but criticised response speed. Moonshot AI temporarily halted new subscriptions due to strained computing resources.

Crypto

K Bank to cooperate with Hong Kong\'s HashKey Group on digital asset remittances and payments

K Bank will build an overseas digital asset remittance cooperation network linking South Korean blockchain firm BPMG and Hong Kong\'s HashKey Group. It plans to pursue a proof of concept for blockchain-based remittances between South Korea and Hong Kong and prepare internal controls such as customer identification and anti-money laundering measures in anticipation of institutionalisation and regulatory approval. The parties will also explore expanding services across Asia by linking with HashKey\'s remittance network.

Crypto

Evernode CEO says tokenisation is only the start, assets must be managed on XRPL

XRP Ledger is evolving from a network that simply hosts tokenised real-world assets into infrastructure used for financial activity, Evernode CEO Ashish Birla said. He said the next stage of tokenisation is enabling assets to be managed while tokenised, not just issued on a blockchain. Birla cited RWA.xyz data showing XRPL’s RWA value rising from $900 million to $4.4 billion this year. He also pointed to Ripple’s stablecoin RLUSD as an early example of liquidity concentrating on XRPL.