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Crypto

KOSPI at 8,400 raises question of when bitcoin will rise as Ethereum foundation infighting spreads

South Korea\'s KOSPI has broken above 8,400 for the first time and is up 100 percent this year, led by a semiconductor rally and inflows into leveraged chip ETFs. By contrast, domestic crypto trading value has fallen about 80 percent and the so-called kimchi premium has turned negative. Attention is also on the U.S. Clarity bill, a proposed federal bitcoin reserve law, and debate inside the Ethereum Foundation over priorities and governance.

Crypto

Ethereum Foundation infighting spreads as Vitalik Buterin moves to cut influence

Ethereum co-founder Vitalik Buterin (비탈릭 부테린) has responded to sharp criticism over the Ethereum Foundation\'s role and operations. He rejected demands that the foundation defend token prices or step up marketing, saying priorities are censorship resistance, open source code, long-term research, cybersecurity and decentralisation. He said the foundation holds about 0.16 percent of ETH supply and will reduce ETH sales. The foundation is also overhauling governance to dilute individual influence.

AI & Enterprise

DeepSeek founder Liang Wenfeng out of sight for 1 year; who is Chen Deri?

DeepSeek founder and CEO Liang Wenfeng has remained largely out of public view since a televised meeting with President Xi Jinping in February last year, the South China Morning Post reported. Company filings show Liang’s stake rose to 34 percent from 1 percent, while paid-in and registered capital increased. At the same time, senior researcher Chen Deri has increasingly delivered DeepSeek’s external messages, including around the launch of its V4 AI model.