South Korea's KBank and Ripple are teaming up to fix international money transfers
South Korea's KBank and Ripple are testing blockchain-based cross-border remittances using Ripple's Palisade wallet, aiming to improve speed and reduce costs versus traditional SWIFT transfers. The partnership enters phase two, evaluating stability to UAE and Thailand. KBank, Upbit's exclusive banking partner with 15 million users, is preparing infrastructure ahead of South Korea's incoming Digital Asset Basic Act.
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Bitmine buys $236 million in ether as Tom Lee touts ETH as 'wartime store of value'
Bitmine acquired 101,901 ETH ($236 million) last week, pushing its holdings to 5.07 million tokens—4.21% of ether's total supply. The treasury firm, led by Tom Lee, now stakes 3.7 million ETH generating $264 million annually. Lee positioned ETH as a "wartime store of value" amid geopolitical tensions, citing outperformance versus S&P 500. Bitmine's aggressive accumulation contrasts with most digital asset treasuries remaining inactive.
Bitcoin funds take in $933 million as crypto ETFs hit highest AUM since February
Bitcoin funds surged with $933 million inflows as crypto ETF assets reached $155 billion, the highest since February. Institutional investors are driving renewed momentum, with total digital asset inflows hitting $1.2 billion weekly. Bitcoin neared $80,000 resistance where January holders approach breakeven. Tech megacap earnings this week will determine if momentum sustains or triggers pullback.