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Crypto & Web3CoinDesk ·

Mirae Asset Plans $109B Crypto Push After Acquiring Digital X

Mirae Asset Financial Group has acquired Digital X, the company formerly known as South Korean crypto exchange Korbit. Founder Park Hyeon-joo unveiled an ambitious digital asset strategy at an internal employee event. The plan centers on expanding into stablecoins, real-world assets (RWAs), and security token offerings (STOs). Park envisions building the acquired platform into a $109 billion cryptocurrency business. The announcement signals Mirae Asset's serious intent to become a major player in the digital finance space.

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Crypto & Web3CoinDesk ·

Bitcoin Faces Major Supply Resistance at $80,000 Near ETF Holders' Break-Even

Bitcoin is currently testing a significant price level at $80,000, which represents its largest supply cluster. This zone also coincides with the 50-week moving average, a key long-term technical indicator. The $80,000 level is particularly notable as it aligns closely with the average purchase price of ETF holders. A decisive move through this supply wall could have major implications for Bitcoin's near-term price direction.

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Crypto & Web3CoinDesk ·

Unstoppable Domains scraps $2M plan to bring .crypto and .bitcoin to standard web

Unstoppable Domains has abandoned its plans to bring .crypto and .bitcoin domains to the standard internet. The move would have required the company to pay over $2 million in base fees alone. The firm decided to prioritize financial sustainability over pursuing broader internet adoption. By dropping the bids, Unstoppable Domains chose fiscal responsibility rather than expanding its blockchain-based domains to the conventional web.

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Crypto & Web3CoinDesk ·

Bitcoin holds above $79,000 as spot ETFs record eight-day inflow streak

Bitcoin stabilized above $79,000 on Thursday, showing resilience amid broader market uncertainty. Spot bitcoin ETFs recorded net inflows for the eighth consecutive day, marking their longest such streak since April. The sustained institutional interest via ETFs appears to be providing support for Bitcoin's price. Meanwhile, altcoins broadly declined, underperforming Bitcoin during the same period.

Bitcoin experts prefer this defined-risk strategy for the next leg higher in prices · ShortSingh