Alibaba founder Jack Ma is as soon as once more exhibiting curiosity in Ethereum. His firm, Yunfeng Monetary, has backed a brand new Ethereum-based insurance coverage undertaking known as Anthea Holding, stories Cointelegraph.
⚡ INSIGHT: Alibaba founder’s firm backs one other Ethereum-based undertaking, South Korean whales account for 91% of the market.
Asia Categorical through Cointelegraph Journal pic.twitter.com/2o4nEpJtBL
— Cointelegraph (@Cointelegraph) October 10, 2025
Anthea, primarily based in Bermuda, raised $22 million in Sequence A funding to develop life insurance coverage merchandise that use Ethereum know-how. The undertaking goals to make insurance coverage sooner, cheaper and extra clear by utilizing blockchain. Yunfeng Monetary led the funding spherical, exhibiting its rising belief in Ethereum’s potential past cryptocurrency buying and selling.
From Doubt to Perception: Jack Ma’s Altering View on Crypto
A couple of years in the past, Jack Ma was uncertain about Bitcoin and different digital currencies. He warned individuals to watch out and known as Bitcoin a bubble. However his latest actions present that his view has modified.
By Yunfeng Monetary, Ma has been slowly investing in crypto-related firms outdoors China. The newest transfer of supporting an Ethereum-based insurance coverage platform means that he now sees blockchain as a key a part of the longer term monetary system.
Ethereum’s use in real-world finance is increasing quick. By investing in Anthea, Yunfeng is betting that Ethereum may also help to attach conventional finance with the digital world. Studies additionally present that Yunfeng not too long ago purchased 10,000 ETH, price about $44 million, to make use of as a strategic reserve for blockchain initiatives.
South Korean Whales Management 91% of the Market
Whereas Chinese language buyers discover Ethereum initiatives, South Korea’s crypto market is exhibiting one other pattern. A brand new report by Cointelegraph revealed that South Korean crypto whales management 91% of the entire buying and selling quantity on main exchanges.
Principally, which means that most crypto buying and selling in South Korea is finished by a small group of huge buyers or establishments. These whales have big management over market costs and liquidity. Once they purchase or promote, costs can rise or fall very quick.
This has made the market dangerous for the small merchants. Many retail buyers say that they battle to compete or predict value strikes in such a whale-driven market. Analysts assume this degree of management would possibly quickly get extra consideration from monetary regulators.
What This Means for Asia’s Crypto Scene
The 2 tales present how briskly the Asian crypto market is altering. On one facet, a significant investor like Jack Ma is backing Ethereum initiatives that goal to construct real-world monetary instruments. On the opposite, South Korea’s market exhibits how energy can nonetheless be managed by a number of large gamers.
Consultants say that the way forward for crypto in Asia will rely on discovering a steadiness between innovation and truthful market entry. If initiatives like Anthea succeed, Ethereum may change into a trusted platform for banks, insurers and governments. Nevertheless, the area should additionally deal with market dominance to maintain small buyers protected and guarantee long-term stability.
Briefly, Asia’s crypto story is a mixture of belief, transformation and problem. From Jack Ma’s new religion in Ethereum to the whale-driven Korean market, Asia’s position is rising quick. The continent stays some of the lively and influential forces within the world crypto world.
