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Crypto

BitMine buys another 10,000 ether, lifts total holdings to 5.79 million

BitMine Immersion Technologies bought about 10,000 additional ether over the past week, bringing its total holdings to 5.79 million ether, or about 4.8 percent of Ethereum’s total supply. It said about 4.9 million ether, roughly 85 percent of its holdings, is staked through its validator operations. BitMine estimated annualised staking rewards of about $299 million if all ether is deployed to its staking infrastructure and partner validators.

Finance

Digital asset cross-industry ties spread as top 4 financial groups post 11 trillion won profit era

Big Tech, financial firms and payment companies in South Korea are widening digital-asset initiatives by teaming up with global blockchain companies. Kakao Group and Toss and Toss Bank are working with Circle to review stablecoin-based payment and settlement infrastructure and tokenised financial services. Banks are developing cross-border remittance and payment models. Separately, the top four financial holding groups posted combined first-half net profit above 11 trillion won, while regulators step up group-level oversight of fintech expansion.

Crypto

Financial firms join crypto exchanges, could shake up digital asset market

South Korea\'s won-based digital asset exchanges are bringing in financial companies as new shareholders to bolster their business foundations, drawing attention to whether the market led by Upbit and Bithumb could shift. CoinGecko data put Upbit’s 24-hour volume share at 72.1 percent and Bithumb’s at 22.3 percent. Trading activity has declined, while Coinone, Korbit and Gopax move to expand capital and business ties with financial groups.