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Crypto

Circle to launch Arc mainnet on Sept. 16 with 11 founding validators including Visa and BlackRock

Circle will open the public mainnet of its own blockchain, Arc, on Sept. 16. It named 11 institutions including Visa, Mastercard and BlackRock as founding validators. Circle said more than 100 developers are involved under a private mainnet, and the testnet processed over 500 million transactions across about 3 million wallets. It also reported second-quarter revenue of $701 million and net income of $48 million.

Crypto

Circle buys IBM blockchain patents, becoming largest U.S. holder

Circle has acquired key assets in IBM\'s blockchain patent portfolio, becoming the largest holder of blockchain patents in the United States. The deal value was not disclosed. The acquired assets comprise more than 680 patent families, with about 1,000 individual patents registered worldwide. The scope covers banking, financial services, insurance, enterprise infrastructure, supply chain authentication and secure cloud operations. Circle said it will use the assets to strengthen projects tied to USDC, Circle Payments Network and its enterprise blockchain Ark.

Finance

Coocon posts 4.47 billion won Q1 operating profit, expands stablecoin and AI businesses

Coocon is expanding its business by positioning global payments, stablecoins and AI-based data services as its next growth drivers. First-quarter revenue fell 7.5 percent from a year earlier to 16.01 billion won, while operating profit rose 1.9 percent to 4.47 billion won. The company said it defended profitability through fee-based business expansion and cost efficiency, and plans to strengthen overseas payment links and stablecoin-based payments.