Mirae Eyes Korbit, Bitmine Stakes ETH, ETH TVL Outlook Today
Key developments in crypto today include Mirae Asset Group’s talks to purchase South Korean exchange Korbit, comments from U.S. Senator Cynthia Lummis regarding the Federal Reserve’s “skinny” accounts and Operation Chokepoint 2.0, and Ethereum treasury firm Bitmine initiating ETH staking after depositing nearly $219 million.
Mirae Asset in talks to acquire Korean crypto exchange Korbit in $100M deal: Report
Mirae Asset Group is negotiating to acquire Korbit, South Korea’s fourth-largest cryptocurrency exchange, in a transaction estimated at approximately 100 billion to 140 billion Korean won ($70 million to $100 million).
The potential acquisition would be led by Mirae Asset Consulting, a non-financial affiliate of the group, which has signed a memorandum of understanding with Korbit’s major shareholders, The Chosun Daily reported on Sunday.
Korbit is primarily owned by NXC and its subsidiary Simple Capital Futures, which together hold about 60.5% of the exchange. SK Square owns an additional 31.5% stake.
Korbit maintains a full operating license and compliance framework, positioning it as a potential entry point for a large financial institution seeking regulated exposure to digital assets.
Top Korean crypto exchanges. Source: CoinGecko.
Bitmine begins staking ETH, deposits $219M into Ethereum PoS contract
Ethereum treasury firm Bitmine has started staking its Ether holdings, depositing nearly $219 million worth of ETH into Ethereum’s proof-of-stake (PoS) system.
On Sunday, several wallets linked to Bitmine transferred a total of 74,880 ETH to a contract labeled “BatchDeposit,” onchain data from Arkham shows. The activity resembles institutional staking arrangements that aggregate funds prior to validator creation.
Onchain analyst EmberCN said on X that this marks Bitmine’s first staking activity. The firm holds 4.066 million ETH, and at an approximate APY of 3.12%, staking the entire balance could generate about 126,800 ETH in annual interest — valued at $371 million at a price of $2,927.
Bitmine sending ETH to PoS staking address. Source: EmberCN
Sharplink CEO: Ethereum’s TVL could increase tenfold in 2026
Ethereum’s total value locked (TVL) could rise 10x in 2026 as adoption grows across multiple use cases and among institutional investors, according to Sharplink co-CEO Joseph Chalom.
Sharplink Gaming is the second-largest public Ethereum treasury company, holding 797,704 ETH valued at roughly $2.33 billion as of publication, according to Ethereum Treasuries data.
Chalom also projected that the stablecoin market will reach $500B by the end of next year. The total stablecoin market capitalization currently sits around $308.46 billion, an increase of about 62% if the forecast materializes, according to DefiLlama.
With 54% of total stablecoin activity occurring on Ethereum, such growth could contribute to an increase in the network’s TVL.
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