Mirae Asset reportedly plans to use the South Korean crypto exchange as a hub for tokenized assets, stablecoins and digital finance. South Korean crypto exchange Korbit will reportedly rebrand as Digital X after becoming part of Mirae Asset Group. Mirae Asset founder and global strategy officer Park Hyeon-joo announced the new name in an internal email to employees on Thursday, according to a Herald Business report. Park reportedly described Digital X as central to the group’s “Mirae Asset 3.0” strategy, which aims to combine digital assets with traditional finance. The company plans to expand into real-world asset (RWA) tokenization, security token offerings, stablecoins and traditional asset products. Park said the exchange would prioritize anti-money laundering controls, customer verification, information security and fraud detection as South Korea develops its crypto and tokenized securities rules. Read more
Ripple launches Mint to expand RLUSD access for institutions as the stablecoin’s market cap approaches $1.6 billion. Ripple, a blockchain-focused fintech company, has launched Ripple Mint, a platform that gives institutions new ways to access, mint, redeem and manage its US dollar-pegged stablecoin, Ripple USD (RLUSD). The company announced Ripple Mint on Thursday, describing it as a unified platform that lets institutions manage RLUSD through a web interface or direct application programming interface (API) integrations. “Ripple Mint is built to give institutions flexible access to digital dollars through the workflows that fit their needs,” Ripple said, adding that the platform is designed to support both manual operations and automated integrations as institutions adopt stablecoins for payments, trading and treasury activities. Read more
Bitcoin miner Poolin filed for Chapter 11 bankruptcy and initiated a $52 million sale of its two West Texas mining sites as part of its future creditor recovery program. Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday. Poolin’s court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors. Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights, equipment and all other assets tied to the mining facilities. Read more
The EU will bar Belarusian nationals and residents from owning, controlling or managing exchanges and other MiCA-regulated crypto firms from Aug. 25. The European Union will prohibit Belarusian nationals and residents from owning, controlling or managing crypto exchanges and other crypto service providers regulated under the Markets in Crypto-Assets (MiCA) framework starting Aug. 25. The measure appears in Council Decision (CFSP) 2026/1847, adopted Thursday to amend the EU’s sanctions framework targeting Belarus over its involvement in Russia’s war against Ukraine. The document expands an existing restriction that applied only to companies providing crypto wallet, account or custody services. The decision enters into force on July 24, while the expanded crypto provision will apply from Aug. 25. Read more
After attracting nearly $1 billion over seven trading sessions, US-listed spot Bitcoin ETFs recorded their first daily net outflow since July 13. US-listed spot Bitcoin exchange-traded funds (ETFs) ended a seven-session inflow streak on Thursday, marking their first day of net outflows since July 13. Spot Bitcoin ETFs recorded $225.2 million in net outflows on Thursday, attracting nearly $1 billion in net inflows over the last seven trading sessions, according to SoSoValue. Despite Thursday’s outflows, the funds had still attracted about $274 million in net inflows this week as of Thursday. Read more
The proposed class action alleges BitMEX used privileged trading access and server freezes to profit from forced liquidations. BitMEX is facing a class action lawsuit accusing the crypto derivatives platform of fraudulently engineering customer liquidations to seize traders’ Bitcoin collateral. On Thursday, BKX Services Inc. and David Namdar filed the complaint in the US District Court for the Southern District of New York. The plaintiffs allege they lost a combined 622.66 BTC through forced liquidations on BitMEX, with BKX claiming losses of at least 305.81 BTC and Namdar alleging losses exceeding 316.85 BTC. The lawsuit revives long-running allegations about the platform’s internal trading operations and liquidation engine and comes just as the exchange is preparing to close in September. Read more
On Wednesday, Senate Republicans released the proposed text for the CLARITY Act, which has been met with pushback from Democrats regarding ethics provisions. Democratic Senator Ruben Gallego says he will be working with Republicans to come up with a counterproposal to White House-approved ethics provisions in the CLARITY Act, saying the draft released this week was “not a serious effort.” On Wednesday, Senate Republicans released the proposed text for the Digital Asset Market Clarity (CLARITY) Act, including language on ethics that would bar all US federal officials — including US President Donald Trump — from issuing or sponsoring any digital asset. Democrats said the ethics provisions fall short. “Whatever piece of shit they sent back to us, that was not a serious effort,” Senator Ruben Gallego told Politico on Thursday. Read more