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 venture referred to as Anthea Holding, stories Cointelegraph.
⚡ INSIGHT: Alibaba founder’s firm backs one other Ethereum-based venture, South Korean whales account for 91% of the market.
Asia Categorical by way of Cointelegraph Journal pic.twitter.com/2o4nEpJtBL
— Cointelegraph (@Cointelegraph) October 10, 2025
Anthea, based mostly in Bermuda, raised $22 million in Collection A funding to develop life insurance coverage merchandise that use Ethereum know-how. The venture goals to make insurance coverage quicker, 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 folks to watch out and referred to as Bitcoin a bubble. However his latest actions present that his view has modified.
By way of Yunfeng Monetary, Ma has been slowly investing in crypto-related firms outdoors China. The most recent transfer of supporting an Ethereum-based insurance coverage platform means that he now sees blockchain as a key a part of the long run monetary system.
Ethereum’s use in real-world finance is increasing quick. By investing in Anthea, Yunfeng is betting that Ethereum might help to attach conventional finance with the digital world. Experiences 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 traders 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, because of this most crypto buying and selling in South Korea is completed by a small group of huge traders or establishments. These whales have enormous 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 traders say that they wrestle to compete or predict value strikes in such a whale-driven market. Analysts suppose 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 aspect, a significant investor like Jack Ma is backing Ethereum initiatives that purpose to construct real-world monetary instruments. On the opposite, South Korea’s market reveals how energy can nonetheless be managed by a couple of huge gamers.
Specialists 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. Nonetheless, the area should additionally handle market dominance to maintain small traders secure and guarantee long-term stability.
In brief, 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 function is rising quick. The continent stays one of the lively and influential forces within the international crypto world.
