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Mirae Asset—one of South Korea’s largest financial groups—wants to scale its crypto footprint into a major digital-asset business after taking control of the exchange formerly known as Korbit. According to The Korea Times, the group is aiming to build a 150 trillion won ($109 billion) digital asset platform centered on Digital X, the renamed exchange.

The reported roadmap is broad: Digital X would operate across cryptocurrencies, stablecoins, real-world assets (RWAs) and security token offerings, including plans to tokenize physical assets such as gold, silver and electricity. The strategy follows Mirae Asset Consulting’s acquisition of a controlling stake in Korbit earlier this year, positioning a traditional finance group as a direct operator of a domestic crypto exchange.

Key takeaways

• Mirae Asset plans a 150 trillion won ($109 billion) digital asset business built around Digital X, per The Korea Times.
• Digital X’s intended scope spans crypto trading, stablecoins, RWAs and security token offerings, including tokenization of physical assets like gold and silver.
• The expansion comes after Mirae Asset Consulting bought a 97.15% stake in Korbit in July and the exchange was rebranded as Digital X.
• Digital X started waiving trading fees for won-denominated assets on Monday, with the zero-fee period scheduled to run through Aug. 24, 2027.
• Despite Korbit’s long history (founded in 2013), it represented only 0.5% of South Korea’s crypto trading market in 2025, according to the Fair Trade Commission.

Mirae Asset’s digital-asset ambition and why it matters

The reported plan signals a continued shift in South Korea toward integrating digital assets into the broader financial-services ecosystem. For investors and market participants, the key point is not simply that a financial group owns an exchange—it’s the stated intention to move beyond spot trading into tokenization and regulated-style asset distribution.

By setting a large business target for “Mirae Asset 3.0,” Mirae Asset is effectively framing Digital X as a growth engine rather than a passive investment. According to The Korea Times, Mirae Asset founder and chairman Park Hyeon-joo discussed the direction at a Digital X employee event in Seoul on Wednesday, describing an initial goal of making Digital X a core pillar of “Mirae Asset 3.0.”

That positioning matters because tokenization initiatives—especially those involving real-world assets—depend on partnerships, custody and compliance frameworks, as well as market demand for new tokenized products. Whether Digital X can translate these ambitions into products that attract liquidity will likely determine how meaningful the exchange becomes within the domestic digital-asset value chain.

From Korbit to Digital X: control, rebrand, and market gap

Mirae Asset’s push is tied directly to its ownership of the exchange. The Korea Times reports that Mirae Asset Consulting completed a takeover of Korbit with a 97.15% stake in July, after accumulating a total cost of 141.4 billion won. The acquisition and subsequent rebrand are described as a notable first in South Korea: an affiliate of a financial group gaining control of a domestic crypto exchange.

Digital X began operating under the Korbit name’s successor brand after the control change. While Korbit has been active since 2013 and was described by The Korea Times as South Korea’s first cryptocurrency exchange, its scale has not matched its seniority. The Fair Trade Commission data cited by the same outlet indicated Korbit accounted for just 0.5% of South Korea’s crypto trading market in 2025.

In other words, the acquisition came with a built-in strategic challenge: Digital X will need to grow a relatively small footprint into a larger platform capable of supporting both trading activity and longer-horizon tokenization products.

Fee waivers and the push to win liquidity

One of the most immediate actions taken after the rebrand concerns trading costs. As of Monday, Digital X began waiving trading fees across all won-denominated assets, with the zero-fee initiative scheduled to run through Aug. 24, 2027. The exchange’s fee policy page lists the promotion and its coverage, including the won-denominated trading pairs the offer applies to (Digital X/Korbit fee information).

For traders, lower trading fees can improve effective returns—particularly for active users and market-makers who are sensitive to cost-per-trade. For the exchange, sustained fee reductions are often used to attract volume, increase order flow and improve overall liquidity, which can also help support new product launches.

However, fee waivers also shift business risk onto the platform: a longer period of reduced fees means revenue depends more heavily on alternative income streams (such as custody, token issuance-related services, or broader financial product distribution) that align with the company’s stated RWA and security token plans.

What’s planned beyond spot trading

According to The Korea Times, Digital X’s planned product direction includes crypto, stablecoins, RWAs and security token offerings—an expansion that aims to bring tokenized assets into a format that can be traded, held and potentially distributed like digital financial instruments.

The article’s examples of tokenization targets—physical assets such as gold, silver and electricity—highlight the core appeal of RWAs: the possibility of converting traditionally illiquid assets into blockchain-based representations that may be easier to transfer. At the same time, RWAs require robust governance around asset backing, redemption mechanics and compliance with securities-related rules where applicable.

While the plan is ambitious, the path from concept to live products typically depends on regulatory clarity, the ability to secure counterparties and the market’s appetite for new tokenized instruments. Readers should watch whether Digital X pairs its fee-driven liquidity push with concrete launches in stablecoins, RWAs and security token offerings, rather than limiting expansion to trading.

What to monitor next is how Digital X turns its ownership and fee incentives into sustained user growth and whether it can progress from a multi-category roadmap into specific tokenized asset products—particularly those tied to gold, silver and electricity—under South Korea’s evolving regulatory framework.

Bitcoin price held near $79,500 on Aug. 27 after a rapid breakout from the $63,000 area, with ETF demand and U.S. policy developments supporting the rally even as technical indicators warned that momentum may be stretched.

Bitcoin price holds above its breakout zone

According to data from crypto.news, Bitcoin (BTC) price was trading at approximately $79,473 at the time of writing. The price reached an intraday high of $80,520 after opening near $79,024.

BTC has gained roughly 25% since breaking out of a narrow range near $63,000 on Aug. 19. The advance took the asset above $80,000 before sellers blocked attempts to extend the rally through the $81,000–$82,000 region.

The daily chart shows Bitcoin trading above its four tracked simple moving averages. The 20-day SMA stood at $69,711, while the 200-day SMA was near $69,257. The 50-day and 100-day averages were positioned at $66,457 and $66,224, respectively.

Trading above all four averages supports the broader recovery, but the moving averages have not yet produced a confirmed bullish golden cross. The 20-day average remains only slightly above the 200-day line, leaving traders to watch whether the separation expands or reverses.

The daily relative strength index reached 81.14, well above the conventional overbought threshold of 70. Such a reading shows strong buying momentum but also raises the possibility of profit-taking after the steep advance.

Treasury buybacks and ETF inflows supported Bitcoin

Bitcoin’s breakout followed an Aug. 19 announcement from the U.S. Treasury that it would at least double the maximum size of long-end liquidity-support buybacks.

The department said operations involving nominal securities in the 10-to-20-year and 20-to-30-year sectors would increase from a maximum of $2 billion to at least $4 billion per operation. The larger operations will begin on Sept. 9 and continue through Nov. 4. The Treasury described the change as support for liquidity in longer-dated government debt markets.

The announcement improved market expectations around Treasury-market liquidity, although it did not represent an immediate injection of funds because the expanded operations have not yet started. Bitcoin’s reaction also coincided with renewed demand through U.S. investment products and improving expectations for crypto legislation.

U.S.-listed spot Bitcoin exchange-traded funds attracted approximately $1.92 billion in the week through Aug. 21, according to SoSoValue data. BlackRock’s IBIT accounted for about $1.33 billion of those inflows.

The ETF group recorded its strongest week since October 2025, but the funds remained roughly $2.91 billion in net outflows for 2026. The combination suggests institutional demand returned sharply during the breakout without fully reversing the weakness seen earlier in the year.

Political expectations also contributed to sentiment after President Donald Trump renewed calls for Congress to advance crypto market-structure legislation. The proposed CLARITY Act remains subject to congressional action, meaning its effect on sentiment does not amount to final regulatory certainty.

Bitcoin momentum cools on the 4-hour chart

The 4-hour chart shows that Bitcoin’s trend remains bullish despite weakening momentum.

BTC was trading above the Supertrend indicator, which had moved up to $76,687. Holding above that level would preserve the sequence of higher lows established after the breakout.

The moving average convergence divergence indicator presented a more cautious picture. The MACD line stood near 810, below the signal line at approximately 1,033, while the histogram remained negative at minus 222.

The bearish MACD crossover suggests the rally has lost some short-term force since Bitcoin tested $81,000. However, the negative histogram bars were beginning to contract on the chart, indicating that downside momentum may also be easing.

Price action has formed a short consolidation between approximately $78,000 and $80,000. A close above $80,500 would allow buyers to challenge the recent high around $81,200, followed by the May peak near $82,800.

A weekly close above the 365-day moving average near $83,000 would provide a stronger long-term confirmation. Until then, Bitcoin remains below a resistance area that previously rejected price advances.

Liquidity concentrates around $81K and $77.5K

The one-week CoinGlass liquidation heatmap shows leveraged positions building on both sides of Bitcoin’s current price.

The nearest major concentration above the market sits around $80,000–$81,000. A clean break through that zone could force short sellers to close positions, potentially adding momentum toward liquidity near $81,500 and $84,000.

The strongest nearby downside cluster appears around $77,300–$77,700. Further liquidity is visible close to $75,500, making the two areas possible targets if Bitcoin loses its current range.

On-chain analyst Einstein BTC identified $75,900 as the newest short-term holder cost basis. According to the analyst, Bitcoin was trading only about 3.4% above that level, making it an important dividing line for the short-term structure.

The chart provides nearer support at $76,687 through the 4-hour Supertrend. A fall below that indicator would increase the probability of a move toward the $75,900 cost basis and the heatmap’s $75,500 liquidity cluster.

Another market commentator, Crypto with Haris, argued that repeated rejection below $82,000 could expose $74,000 and eventually $67,000. The forecast represents a bearish scenario rather than a confirmed outcome, with Bitcoin still holding above its immediate technical supports.

🚨 I told you not to long $BTC around $81K.

Bitcoin tried to break $82K and got rejected again.$BTC pump from $67K to $80k in just 1 week was a bull trap. The bottom wasn’t really in.

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I still think that $BTC will first dump towards $74K then towards $67K area.

And if any… https://t.co/fTeO1egKV2 pic.twitter.com/9HQJPEQQ7J

— Crypto with Haris ₿ (@Crypto__Haris) August 27, 2026

Bitcoin faces an overbought test near $80K

Bitcoin’s next move depends on whether buyers can absorb selling near $80,000 while defending the $77,500–$76,700 support area.

A daily close above $81,200 would weaken the immediate bearish case and open a path toward $82,800 and the 365-day average near $83,000. Liquidations above the market could accelerate such a move.

Failure to clear resistance, combined with an RSI above 80 and a bearish 4-hour MACD crossover, would leave Bitcoin vulnerable to a cooling period. The first test would sit near $77,500, followed by the Supertrend at $76,687 and the short-term holder cost basis around $75,900.

The larger trend remains constructive while BTC trades above its major daily moving averages. However, the overbought RSI and concentrated leverage on both sides of the market suggest the next breakout could produce another sharp move rather than a gradual change in direction.

Bitcoin’s August rally has revived some of the mining sector’s most beaten-down stocks, reversing a trend that has favored miners pivoting toward artificial intelligence and high-performance computing and suggesting investors may once again be rewarding direct exposure to Bitcoin.

In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that Bitcoin’s (BTC) roughly 23% rally over the past week outpaced most AI-linked infrastructure stocks.

Three beaten-down Bitcoin mining companies — Canaan, American Bitcoin and Cango — gained between 41% and 67%. By comparison, CoreWeave rose about 21%, Nebius gained 17% and IREN advanced 15%, while some miners with heavier exposure to AI and HPC were flat or declined.

Blocksbridge pointed to three catalysts behind Bitcoin’s rally. The first was the US Treasury Department’s Aug. 19 announcement that it would at least double the size of its liquidity-support buybacks for longer-dated Treasury securities.

The second was renewed regulatory optimism following a White House meeting with crypto executives, where US President Donald Trump urged Congress to pass a “fair version” of the CLARITY Act, a stalled crypto market structure bill.

The third was a sharp short squeeze following Bitcoin’s breakout, with more than $1.6 billion in crypto positions liquidated over 24 hours.

Bitcoin mining-focused stocks outperformed companies that pivoted toward AI and HPC. Source: Miner Weekly

Related: Strategy’s $66B Bitcoin machine hinges on capital markets, not BTC price: Report

BTC price still drives miners despite AI pivot

BlocksBridge’s findings echoed earlier Cointelegraph reporting that Bitcoin’s rally had lifted crypto-related stocks, including Bitcoin miners. The gains underscore how strongly Bitcoin’s price can still influence mining stocks, even as many miners have increasingly shifted their focus toward AI and HPC infrastructure in recent years.

Separate recent BlocksBridge analysis found that publicly traded Bitcoin miners have invested roughly $15 in AI data centers for every $1 in AI-related revenue generated. Nine public miners generated $341.2 million in AI and HPC revenue so far in 2026, compared with $5.11 billion in capital expenditures on the technology.

Related: Bitcoin breaks above 200-day moving average for first time since November

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

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US financial services giant Charles Schwab plans to add Solana (SOL), Avalanche (AVAX) and Chainlink (LINK) to its crypto trading platform in the coming months, expanding its direct cryptocurrency offering beyond Bitcoin (BTC) and Ether (ETH).

Schwab Crypto began rolling out to retail clients in May, initially offering direct Bitcoin and Ether trading alongside traditional investments through Schwab’s website, mobile app and thinkorswim platform.

The brokerage said it planned to add more cryptocurrencies and digital assets over time, though it did not specify which assets it is considering or provide a timeline beyond the three newly announced tokens.

Schwab charges 75 basis points, or 0.75%, on the dollar value of each crypto trade. The service is available in all US states except New York and Louisiana and is not offered in US territories or internationally.

The Schwab Crypto accounts are offered through Charles Schwab Premier Bank, with affiliated brokerage Charles Schwab & Co. performing certain operational functions on the bank’s behalf.

Related: Morgan Stanley takes on crypto trading rivals with E*Trade pilot

Schwab expands into prediction markets

Schwab’s crypto expansion comes as the financial services firm moves into other new trading products. In June, The Wall Street Journal reported that Schwab plans to offer prediction contracts tied to the S&P 500 index through a partnership with Cboe Global Markets.

The contracts would allow clients to wager on whether the S&P 500 will close above or below a specified level, with the product reportedly expected to launch within months. Unlike platforms such as Kalshi and Polymarket, Schwab’s planned offering would initially be limited to index outcomes.

As of July 31, Schwab held $13.04 trillion in client assets across 39.9 million active brokerage accounts, according to the company. Schwab reported record second-quarter net revenue of $7.1 billion and net income of $2.8 billion.

Magazine: SHRINCS BIP published: Quantum-secure Bitcoin comes with a catch

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Ethena’s ENA traded near $0.147 on Aug. 27, retaining a weekly gain of about 25% after its sharp breakout met resistance near $0.180.

ENA price retreats after reaching $0.180

Ethena (ENA) price was trading near $0.147 at the time of writing, up about 25% from its Aug. 21 opening price of $0.11717. The token reached an intraday high of $0.18023 on Aug. 23 before sellers took control.

The move from the weekly opening level to the peak amounted to nearly 54%. ENA has since fallen about 18% from that high, showing that traders took profits after the fast advance.

The daily chart shows that buyers attempted another recovery on Aug. 27. ENA reached $0.160 during the session but failed to hold the move, returning to the $0.147 area. Its daily range extended from $0.1424 to $0.160, reflecting continued volatility after the initial breakout.

ENA nevertheless remains well above the range that contained its price through most of July and early August. The token traded mainly between $0.075 and $0.095 before breaking higher around Aug. 20.

That advance lifted ENA through the $0.10 and $0.12 levels in quick succession. Price then accelerated toward $0.18 before entering its current pullback.

FalconX lending facility supports Ethena rally

The main catalyst behind ENA’s weekly advance was Ethena’s reported partnership with FalconX to establish a $1 billion secured warehouse lending facility.

Under the arrangement, reserve assets backing Ethena’s USDe synthetic dollar can be used in overcollateralized loans to institutional borrowers. The facility could broaden how Ethena deploys its reserves and create another source of revenue for the protocol.

Trading activity rose sharply following the announcement. ENA’s daily trading volume reportedly climbed above $1.04 billion, representing an increase of about 319% as traders responded to the institutional lending development.

The rebound occurred even as conditions became less supportive for altcoins. Bitcoin dominance rose to about 59.8%, while the Altcoin Season Index dropped from 51 to 33, pointing to a broader rotation toward Bitcoin and other large-cap assets.

ENA’s correction from $0.180 also followed an unusually steep advance. Its relative strength index reportedly reached 88 during the initial rally, placing the token deep in overbought territory and raising the probability of profit-taking.

Token concentration adds another risk. The 100 largest ENA wallets reportedly control roughly 90% of the circulating supply, meaning decisions by a relatively small group of holders may have an outsized effect on short-term price action.

ENA technicals show momentum stabilizing

The 4-hour chart suggests that ENA’s pullback is losing some force, although bullish momentum has not fully returned.

The 4-hour relative strength index stood at 51.32, slightly above its signal average of 48.83. A reading near 50 indicates balanced momentum rather than overbought or oversold conditions.

ENA’s moving average convergence divergence remained bearish. The MACD line was at 0.0006, below the signal line at 0.0015, while the histogram registered minus 0.0009.

However, the red histogram bars have become smaller. The contraction indicates that bearish momentum is weakening, even though the MACD has not yet completed a bullish crossover.

Price has also started to form a possible short-term base between $0.140 and $0.147. Buyers defended the area after the token briefly approached $0.138, but repeated failures around $0.150 show that sellers remain active above the current price.

On the daily chart, ENA remains above its Supertrend support at approximately $0.1202. The indicator shifted bullish during the breakout and will continue to support the broader recovery thesis while price stays above that level.

The Bull Bear Power indicator remained positive at 0.0431. Its bars have declined from their recent peak, however, showing that buyers retain the broader advantage but have lost some of the strength seen during the initial surge.

Liquidation map puts $0.150 in focus

CoinGlass’ three-day liquidation heatmap shows a nearby concentration of leveraged positions around $0.150. ENA was trading just below that level at the end of the chart, making it the first area likely to influence short-term direction.

A move above $0.150 could expose smaller liquidity bands between $0.153 and $0.158. The most prominent overhead cluster sits around $0.161 to $0.162, where the heatmap displays one of its brightest bands.

Price may be drawn toward that zone if ENA reclaims $0.150 with sustained buying. Clearing $0.162 would then open the way for a retest of $0.170, followed by the weekly high near $0.180.

The downside contains visible liquidity around $0.143 to $0.141. A loss of that region would weaken the developing 4-hour base and could push ENA toward $0.138.

Below that level, the daily Supertrend near $0.1202 becomes the main structural support. The previously cited 200-day exponential moving average near $0.1268 provides an additional area to monitor during a deeper correction.

ENA must therefore hold the $0.138–$0.140 region and reclaim $0.150 to strengthen its recovery attempt. Failure to defend the range would increase the risk that the breakout continues retracing toward $0.128–$0.120.

US traders considering ENA also face the usual risks attached to volatile, concentrated governance tokens. The FalconX facility may expand Ethena’s institutional activity, but ENA’s next price move will depend on whether demand can absorb profit-taking and the liquidity positioned above $0.150.