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Crypto

Money exits AI and flows into crypto stocks as miners slump alone

Funds that had crowded into artificial intelligence infrastructure stocks in the U.S. market moved into cryptocurrency-related shares, lifting the sector broadly. BitMine Immersion Technologies jumped after increasing its ethereum holdings, while Coinbase Global, BitGo and Figure Technology also rose. Strategy gained after building cash buffers, and Circle rose after buying IBM’s blockchain patent portfolio. By contrast, bitcoin mining stocks fell sharply, with analysts citing capex and funding concerns.

Crypto

Toss, Toss Bank review stablecoin payment infrastructure with Circle

Toss and Toss Bank are reviewing a USDC-based payment and settlement model and the possible adoption of digital asset infrastructure in cooperation with global stablecoin issuer Circle. The companies said they signed a strategic agreement with Circle Internet Group to collaborate on blockchain-based payment infrastructure and stablecoin technology. They plan to explore linking Circle’s infrastructure with Toss and Toss Bank’s financial services ecosystem, within the bounds of relevant regulation.

Crypto

Kakao Group, Circle cooperate on digital asset infrastructure including won stablecoin

Kakao Corp, Kakao Pay and KakaoBank will work with global fintech firm Circle to review building blockchain-based payment and settlement infrastructure, including a won stablecoin. Kakao Group said it signed a strategic cooperation agreement with Circle Internet Group on digital asset technology. The two sides plan to seek business opportunities in payments, settlements and digital asset links, and review won-based digital assets and tokenised financial services in line with domestic regulatory and market changes.