Alibaba founder Jack Ma has proven curiosity in Ethereum once more. His firm, Yunfeng Monetary, is backing a brand new Ethereum-based insurance coverage venture referred to as Anthea Holding, Cointelegraph reported.
⚡ Perception: Alibaba founder's firm backs one other Ethereum-based venture, with South Korean whales accounting for 91% of the market.
Asia Specific through Cointelegraph Journal pic.twitter.com/2o4nEpJtBL
— Cointelegraph (@Cointelegraph) October 10, 2025
Bermuda-based Anthea has raised $22 million in Collection A funding to develop life insurance coverage merchandise utilizing Ethereum know-how. The venture goals to make insurance coverage quicker, cheaper, and extra clear through the use of blockchain. Yunfeng Monetary led the funding spherical, demonstrating rising confidence in Ethereum's potential past crypto buying and selling.
From doubt to perception: Jack Ma's altering perspective on cryptocurrencies
A number of years in the past, Jack Ma had doubts about Bitcoin and different digital currencies. He warned folks to watch out and referred to as Bitcoin a bubble. Nevertheless, current actions point out that his views have modified.
By way of Yunfeng Monetary, Mr. Ma has been slowly investing in crypto-related corporations exterior China. The newest transfer to assist an Ethereum-based insurance coverage platform means that he sees blockchain as an necessary a part of the longer term monetary system.
The usage of Ethereum in real-world finance is quickly increasing. Yunfeng believes that by investing in Anthea, Ethereum will assist join conventional finance and the digital world. The report additionally signifies that Yunfeng not too long ago bought 10,000 ETH price roughly $44 million to make use of as a strategic reserve for his blockchain venture.
Korean whales management 91% of the market
Whereas Chinese language buyers are exploring Ethereum initiatives, South Korea's crypto market is displaying a distinct pattern. A brand new report from Cointelegraph reveals that South Korean crypto whales management 91% of the overall buying and selling quantity on main exchanges.
This mainly implies that most crypto buying and selling in South Korea is completed by a small variety of giant buyers and establishments. These whales have nice management over market costs and liquidity. When shopping for or promoting, costs can rise or fall in a short time.
This makes the market harmful for small merchants. Many retail buyers say they wrestle to compete or predict worth actions in such a whale-driven market. Analysts consider this degree of management might quickly appeal to the eye of monetary regulators.
What this implies for the Asian crypto scene
These two tales exhibit how quickly the Asian crypto market is altering. On the one hand, main buyers like Jack Ma are backing Ethereum initiatives geared toward constructing real-world monetary instruments. In the meantime, the South Korean market exhibits how energy can nonetheless be managed by a small variety of giant corporations.
Consultants say the way forward for cryptocurrencies in Asia depends upon discovering a stability between innovation and honest market entry. If initiatives like Anthea are profitable, Ethereum might turn out to be a trusted platform for banks, insurance coverage corporations, and governments. Nevertheless, the area additionally must work on market dominance to make sure the protection of small buyers and guarantee long-term stability.
Briefly, the historical past of cryptocurrencies in Asia is a mix of belief, transformation, and problem. From Jack Ma's newfound religion in Ethereum to the whale-driven Korean market, Asia's function is quickly rising. The continent stays one of the energetic and influential forces within the international cryptocurrency world.
