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Gumi reported a sharp Q1 profit rebound fueled by cryptocurrency gains, while mobile game revenue dropped significantly amid restructuring and a shift toward blockchain projects and third-party IP titles.
Crypto markets saw a welcome rally last week as cooling inflation data fueled hopes of a Fed rate cut. The positive sentiment was led by altcoins like Solana and Ethereum.
Mantle cryptocurrency gained 5% on September 15 while most top cryptocurrencies declined, boosted by announcements of upcoming community events in Seoul from September 22-25.
Ripple maintains price stability above $3 despite market uncertainty over Federal Reserve decisions, while boosting community sentiment through a major $25 million RLUSD charitable commitment.
Digital asset investment funds pulled in $3.3 billion last week, led by $2.4 billion in Bitcoin inflows, pushing assets under management to $239 billion.
Dogecoin price dropped 9% to $0.26 amid a broader crypto selloff, but analysts view the pullback as a buy-the-dip opportunity.
The Ethereum Foundation established a dedicated AI team called dAI Team to position Ethereum as the preferred settlement layer for AI agents and machine economy, focusing on decentralized infrastructure.