{"id":498901,"date":"2025-10-09T21:53:03","date_gmt":"2025-10-09T21:53:03","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2025\/10\/09\/alibaba-founders-ethereum-push-whales-are-91-of-korean-market-asia-express\/"},"modified":"2025-10-09T21:53:03","modified_gmt":"2025-10-09T21:53:03","slug":"alibaba-founders-ethereum-push-whales-are-91-of-korean-market-asia-express","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2025\/10\/09\/alibaba-founders-ethereum-push-whales-are-91-of-korean-market-asia-express\/","title":{"rendered":"Alibaba founder\u2019s Ethereum push, whales are 91% of Korean market: Asia Express"},"content":{"rendered":"<p>\n                        <img decoding=\"async\" src=\"https:\/\/s3.magazine.cointelegraph.com\/magazine\/wp-content\/uploads\/2024\/01\/magazine-Asia-Express-Asia-crypto-news-round-up-scaled.jpg\" class=\"type:primaryImage\" \/>\n                    <\/p>\n<p>Alibaba founder\u2019s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express.<\/p>\n\n<p>Anthea Holding Limited, a Bermuda-based crypto insurance firm, <a href=\"https:\/\/www.anthea.com\/latest-blog\/press-release-39.html\" target=\"_blank\" rel=\"nofollow\">has raised $22 million<\/a> in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.\u00a0<\/p>\n<p>Anthea said the new capital will fund the launch of its first Ethereum-based life insurance product, alongside expansion into the Asian market.<\/p>\n<p>The investment comes just over a month after <a href=\"https:\/\/cointelegraph.com\/news\/yunfeng-financial-10000-eth-web3-expansion\" target=\"_blank\" rel=\"nofollow\">Yunfeng Financial purchased 10,000 ETH<\/a> (about $44 million), which serves as a strategic reserve for real-world asset tokenization and DeFi-linked insurance applications.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/magazine\/alibaba-founder-ethereum-push-south-korea-whales-91-asia-express\/\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Alibaba founder\u2019s company backs another Ethereum-based project, South Korean whales account for 91% of the market: Asia Express. Anthea Holding Limited, a Bermuda-based crypto insurance firm, has raised $22 million in Series A financing led by Yunfeng Financial Group, a Hong Kong-listed fintech company co-founded by Alibaba founder Jack Ma.\u00a0 Anthea said the new capital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":498902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-498901","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/498901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=498901"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/498901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/498902"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=498901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=498901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=498901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}