Deal Valued Up to $100 Million Signals Growing Institutional Interest in South Korea’s Crypto Market South Korea’s financial sector may be on the verge of a major crypto consolidation, as Mirae Asset Group is reportedly in talks to acquire Korbit, the country’s fourth-largest cryptocurrency exchange, in a deal valued between 100 billion and 140 billion Korean won ($70 million to $100 million). The discussions highlight increasing interest from traditional finance players in regulated crypto infrastructure. According to local reports, the transaction would be led by Mirae Asset Consulting, a non-financial subsidiary within the Mirae Asset Group. The unit has reportedly…
Author: Blockto Team
Rising Oil Prices and Geopolitical Tensions Shape Market Sentiment Bitcoin climbed above the $90,000 level as broader financial markets reacted to renewed geopolitical uncertainty in Eastern Europe. At the same time, crude oil prices moved higher following fresh attacks on critical energy infrastructure, dampening optimism around a potential Russia-Ukraine peace agreement. The combination of risk-off sentiment and supply concerns is influencing both digital assets and commodities. Bitcoin’s move above the $90,000 psychological threshold reflects continued institutional and speculative interest despite short-term volatility. Analysts often view this zone as critical, as sustained trading above $90,000 strengthens bullish market structure, while failure…
Flow Validators Urged to Pause Transactions Amid Dispute Over Emergency Chain Reversal The Flow blockchain is facing intense scrutiny after an emergency chain rollback was executed to address a $3.9 million exploit, prompting calls for validators to halt transaction processing until a clear remediation plan is established. The decision has ignited a broader debate around decentralization, governance, and user trust in layer-1 networks. The incident occurred on December 27, when an attacker exploited a flaw in Flow’s execution layer, siphoning funds through multiple cross-chain bridges. In response, the Flow Foundation initiated a rollback to a prior block state, effectively reversing…
Rainbow Six Siege Servers Halted Following Hack That Distributed $13.3 Million in Credits Per Player Ubisoft temporarily suspended live services for Rainbow Six Siege after a large-scale security breach allowed hackers to inject 2 billion in-game credits into every player account, triggering an emergency response. The incident forced the company to halt servers, disable the in-game marketplace, and begin a sweeping rollback to restore account integrity. The exploit came to light on December 27, when players reported logging in to find billions of R6 credits, along with rare skins, weapons, and cosmetic items, suddenly added to their inventories. Players also…
Digital Asset Treasury Model Under Pressure Amid Falling Valuations and ETF Competition Crypto and Bitcoin treasury companies is increasingly pessimistic as the market heads toward 2026. Industry executives warn that most digital asset treasury (DAT) firms may not survive, citing falling share prices, overcrowding, and an unsustainable business model built largely on asset accumulation rather than financial strategy. Crypto treasury companies expanded rapidly in 2025, offering public market investors indirect exposure to Bitcoin and major cryptocurrencies. As Bitcoin rallied to record highs in October, capital flooded into these firms. However, the subsequent crypto market downturn erased much of those gains,…
California Billionaire Tax Proposal Raises Capital Flight and Economic Impact Concerns A proposed 5% wealth tax on billionaires in California has sparked strong opposition from prominent figures in the crypto sector, who warn the measure could lead to capital flight, business relocation, and unintended economic damage. The proposal, set for potential inclusion on the 2026 ballot, targets individuals with net wealth exceeding $1 billion. The initiative would impose a 5% annual tax on net assets above $1 billion, with proceeds earmarked for healthcare funding and state assistance programs. A key point of contention is that the tax would apply partly…
Holiday Positioning, Not Institutional Exit, Drives ETF Withdrawals Spot Bitcoin exchange-traded funds (ETFs) experienced notable capital outflows during Christmas week, with investors withdrawing a total of $782 million. Despite the scale of the withdrawals, market analysts suggest the movement reflects seasonal portfolio adjustments rather than a structural decline in institutional interest in Bitcoin. The most significant daily outflow occurred on Friday, when $276 million exited spot Bitcoin ETFs. Major products accounted for the bulk of the movement, with BlackRock’s IBIT seeing nearly $193 million in redemptions, followed by Fidelity’s FBTC at approximately $74 million. Grayscale’s GBTC continued to record smaller,…
DOGE Trades Lower Amid Choppy Liquidity and Fading Speculative Momentum Dogecoin has declined to around $0.123, reflecting softer risk sentiment across the broader cryptocurrency market as year-end trading conditions remain thin. The move highlights how meme coins continue to behave as high-beta assets, reacting sharply to shifts in liquidity and investor confidence. Recent DOGE price action shows persistent selling pressure, with rallies failing to attract sustained follow-through. This weakness aligns with broader market conditions, where large-cap cryptocurrencies remain range-bound and directional conviction is limited. As volatility compresses in major assets, speculative tokens like Dogecoin tend to experience outsized downside moves.…
Fee-Burning Mechanism Goes Live as Token Supply Is Permanently Reduced Uniswap has executed a major reduction in its token supply after community governance approved a long-awaited proposal to activate protocol fee burning. The decentralized exchange permanently removed 100 million UNI tokens from circulation, representing one of the largest token burns ever carried out within decentralized finance. Governance Approval and Onchain Execution The burn was completed onchain in the early hours of Dec. 28, confirming the first large-scale implementation of the governance initiative commonly referred to as UNIfication. The proposal passed with overwhelming support, as nearly all participating votes favored the…
Solana is currently trading under visible selling pressure as market structure reflects a clear shift toward bearish control. After failing to sustain higher highs earlier in the year, price action has transitioned into a prolonged corrective phase. The market is now consolidating near a historically significant demand area, raising important questions about trend continuation and downside risk. The daily chart highlights multiple Breaks of Structure (BOS) to the downside, confirming that sellers remain in control. A notable Change of Character (CHoCH) occurred after price was rejected from a previous premium supply zone, signaling the end of bullish momentum. Since then,…