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Tomorrow, First. News and intelligence for the agentic economy

  • Slowdown in crypto interest to continue for rest of the year: KPMG

    A slowdown in crypto investment — particularly in firms offering coins, tokens and non-fungible tokens (NFTs) — will continue in the second half of the current year, according to a new report by global audit and consulting firm KPMG.  See related article: Siloed regulatory efforts unlikely to help bring oversight to highly decentralized crypto industry…

  • SK Telecom’s Ifland metaverse adds cashable in-app economy

    The Ifland metaverse, run by South Korean telecommunications giant SK Telecom (SKT), is allowing users to earn money by hosting meetups in the virtual world, the company announced Monday. See related article: South Korea’s Ifland metaverse dives into play-to-earn Fast facts SKT has adopted an “ifland point” system to usher in its metaverse economy —…

  • Singapore’s DBS commits to crypto offerings despite slump: report

    Singapore’s largest bank, DBS, aims to expand its cryptocurrency and digital assets offerings to 300,000 new clients in the face of the crypto bear market, according to a Financial Times report on Tuesday.  See related article: Why DBS’ move into the digital asset space is more than a token gesture Fast facts In an interview,…

  • Markets: Bitcoin stuck under US$20,000, Ether edges up, Cardano slides

    Bitcoin edged up in Monday afternoon trading in Asia, but it still traded below the US$20,000 resistance line, a level it has now fluctuated around since late August. Ether rose, along with Solana and Polkadot. Cardano reversed morning gains to trade lower. See related article: Markets: Bitcoin, Ether edge up; Cardano, Solana lead gains in…

  • S.Korea TV network partners with metaverse gaming platform The Sandbox

    MBC (Munhwa Broadcasting Corporation), one of South Korea’s four national television and radio networks, has signed a business partnership with Hong Kong-based metaverse gaming platform The Sandbox, according to its announcement on Friday. See related article: Netflix Sweet Home producer to build K-drama metaverse in the Sandbox Fast facts MBC will create its emblematic Sangam…

  • IMF looks to build platform for cross-border CBDC transactions

    The director and division chief of IMF’s Monetary and Capital Markets Department will soon publish a paper laying out a blueprint for a platform to support CBDC clearing and settlement transactions between multiple countries. See related article: Inter-country use key for CBDCs to reach potential: report Fast facts See related article: US Digital Dollar Project…

  • Chinese central bank should issue RMB stablecoin for metaverse: academic

    China should issue a digital yuan-collateral stablecoin to establish an on-chain payment system for China’s metaverse, as the infrastructure developed by China itself is the key to ensuring national security, said influential academic Zhang Ping of the Chinese Academy of Engineering, an institution providing policy consultation to the Chinese State Council. See related article: Naver’s…