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Glonghui, May 15 — Piper Sandler has lowered Figma's target price from $35 to $30, reiterating an "Overweight" rating. (Glonghui)

Glonghui, May 15 — AXG Holdings (Nasdaq: AXG)'s stablecoin issuer, AX Coin Bahrain B.S.C. (c) (“AX Coin”), today announced that it has entered into a non-binding strategic Memorandum of Understanding (“MOU”) with Infinios Financial Services B.S.C. (c) (“INFINIOS”), a leading financial technology company in the Gulf Cooperation Council. The cooperation focuses on developing regulated wallet infrastructure and digital payment solutions, aimed at promoting the adoption of stablecoins.This partnership establishes a foundational framework for digital asset integration, centering on a comprehensive and regulated wallet technology stack. According to the MOU, AX Coin—already granted in-principle approval by the Central Bank of Bahrain—will have direct access to INFINIOS’s payment infrastructure. This will enable both parties to offer custodial and non-custodial wallet solutions, multi-currency virtual accounts, and seamless fiat on- and off-ramp channels with stablecoins, all via a framework of regulated third parties and partners.The integration is intended to bridge the gap between traditional banking and digital assets, providing institutional clients with a unified and compliant environment to manage the full lifecycle of their digital positions. By linking customer fiat balances held by regulated banking partners with AX Coin’s settlement flows, the platform expects to deliver real-time settlements, B2B cross-border payments, and dedicated collection and payment solutions that connect digital assets with the global banking ecosystem.To ensure institutional-grade functionality, this collaboration covers complete Application Programming Interface (API) integration, as well as robust reporting, reconciliation, and analytics capabilities. Beyond the underlying technology, both parties will also focus on the strategic distribution of AX Coin across institutional, merchant, and retail channels. The result will be a unified user experience: clients can fund accounts, hold digital assets via integrated wallet solutions, settle transactions, and move funds seamlessly from end to end, setting a new global benchmark for regulated stablecoin applications.

Glonghui, May 15 — Korean Air announced on May 15 that it will complete the integration with Asiana Airlines on December 17, 2026, thereby concluding a corporate merger process lasting more than five years. The boards of directors of both companies approved the merger agreement on May 13, and the agreement was officially signed on May 14. According to the merger agreement, Korean Air will fully assume Asiana Airlines’ assets, liabilities, employees, and related rights and obligations. The merger ratio, calculated based on the benchmark market price stipulated by South Korea’s capital market regulations, is set at “1 share of Korean Air : 0.2736432 share of Asiana Airlines.” Korean Air's capital is expected to increase by approximately KRW 101.7 billion.