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Crypto

Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures

Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.

Telecommunications & Media

Low-earth-orbit satellite communications: How to use them in the space internet era

Low-earth-orbit satellite communications aim to extend network coverage to areas beyond terrestrial infrastructure, including mountains, islands, open seas and the sky. Unlike geostationary satellites at about 36,000 km altitude, low-earth-orbit satellites operate at about 200 to 2,000 km, reducing latency but requiring large constellations. South Korea has approved cross-border supply deals involving Starlink and Eutelsat OneWeb. The government targets an independent network by 2035 and plans a 300 billion won R&D programme by 2030.

Industry

Hanwha Philly Shipyard wins contract for U.S. \'Golden Dome\' missile defense support ship

Hanwha Philly Shipyard will build a key support vessel to be used in the United States\' \'Golden Dome\' missile defense programme. The U.S. Maritime Administration on July 17 announced the signing of a contract to build a sea-based missile test instrumentation vessel, or MRIV, at a naming ceremony for the fourth National Security Multi-Mission Vessel. The MRIV will be delivered in phases starting in 2030.