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Crypto

Fidelity seeks to add staking to Ethereum spot ETF FETH

Asset manager Fidelity has filed documents with the U.S. Securities and Exchange Commission to add staking to its Ethereum spot exchange-traded fund, FETH. The filing outlines a structure to generate staking rewards using the Ethereum held by the fund, with up to 100% eligible for staking excluding amounts needed for redemptions, costs and liquidity. Fidelity said 85% of rewards would go to FETH and 15% to staking fees, and it plans quarterly cash distributions without guaranteeing payments.

AI & Enterprise

LG CNS joins global AI materials alliance, backs AX for South Korean firms

LG CNS said on July 27 it was selected as a founding member of the AI Materials Foundry, a global materials development collaboration led by British AI startup CuspAI. The alliance includes 48 companies and research institutes including Nvidia, Meta, AMD, 3M and Merck. LG CNS will oversee the platform’s introduction and operations in South Korea, supporting data integration, result interpretation, and platform deployment and maintenance for firms developing new materials.

AI & Enterprise

KAIST president Lee Kwang-hyung steps down; expands research, education and global cooperation

KAIST said it will hold a farewell ceremony on July 2 at its Daejeon campus for its 17th president, Lee Kwang-hyung (이광형). During his term, KAIST set up a failure research institute, expanded discussion-based classes, and promoted startups under a “one lab, one startup” vision. From 2021 to December 2025, it produced 568 startups, including 24 listed firms, with cumulative enterprise value topping 22 trillion won.