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Games & Commerce

Kakao to support 12 Gangwon food and beverage small businesses with up to 100 million won per store

Kakao said on Tuesday it will launch a tailored support programme worth up to 100 million won per store for 12 small food and beverage businesses in Gangwon. The initiative is part of its \"Dangol Store\" shared-growth programme and will run through December. Support includes product planning consulting, training on online commerce and AI, access to Kakao Talk Deal and Makers, and marketing support including 톡채널 messaging funds and influencer content.

Telecommunications & Media

Xiaomi unveils three in-house XRING chipsets, targets AI and autonomous driving beyond smartphones

Xiaomi unveiled three self-developed XRING chips, led by the 3-nanometre Xring O3 mobile processor slated to debut in the Xiaomi 18 Fold in China next month. The company said the chip uses TSMC’s 3-nanometre process and claimed an in-house AnTuTu score above 5 million. Xiaomi also introduced a 6-nanometre AI accelerator, Xring O100, and an autonomous-driving chip, Xring D100, both targeting commercialisation in 2027.

Crypto

Institutions hold $1.38 billion in short positions amid gains in bitcoin, ether, XRP

Institutional money is maintaining about $1.38 billion in short positions in major cryptocurrencies such as bitcoin, ether and XRP, but the positioning is seen as hedging and market-neutral trading rather than a direct bet on a decline. After a strong weekly rally and a short squeeze, futures liquidations accelerated. Retail traders suffered losses. Funds also moved into gold, while debt concerns and rising flows into U.S. spot bitcoin ETFs were noted.