Month: June 2025

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Parataxis Bitcoin Treasury Plan for South Korea sends Birge Bio Stock up 20%

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Parataxis Holdings, an affiliate of digital asset-focused investment firm Parataxis Capital Management, is set to launch a Bitcoin-native treasury platform in the South Korean public market. The firm announced on June 20 that it had entered a definitive agreement to invest 29 billion South Korean won ($18.5 million) into Bridge Biotherapeutics, a publicly traded biotech company. Following the acquisition, Parataxis will take a controlling interest in the firm, which will be renamed Parataxis Korea and repurposed as a treasury vehicle for institutional Bitcoin (BTC) exposure. โ€œInspired by the growing interest…

Bitcoin Demand Shows Signs of Cooling as Whale and ETF Purchases Halve: Cryptoquant

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Bitcoin demand growth is decelerating after a rally toward $112,000, with key indicators signaling a potential slowdown phase, according to a new Cryptoquant Institutional Insights report. Profit-Taking Dominates Futures Market Amid Bitcoin Slowdown Cryptoquantโ€™s analysis reveals bitcoin spot demand continues expanding but at a sharply reduced pace. Apparent demand growth fell to 118,000 BTC over […] Original

Norway to Temporarily Ban Bitcoin Mining: Report

Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency. The authorities think this operation does not generate jobs or contribute to income for the local community. Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources. . Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on…

Parataxis seals $18m deal to launch Bitcoin treasury on KOSDAQ

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Following the lead of Strategy and Japanโ€™s Metaplanet, Parataxis is bringing Wall Streetโ€™s Bitcoin treasury strategy to Korea with an $18 million takeover of Bridge Bio, signaling deeper institutional crypto penetration. In a press release on June 20, Parataxis Holdings LLC announced its acquisition of a controlling stake in Bridge Biotherapeutics for KRW 25 billion (about $18 million). The deal, pending shareholder approval, will see the biotech outfit rebranded as Parataxis Korea, a publicly traded, Bitcoin (BTC)-native treasury company listed on South Koreaโ€™s KOSDAQ exchange. Edward Chin, Parataxisโ€™ founder, and…

Polkadot’s DOT Bounces 4% After Forming Triple Bottom at $3.47 Support Level

DOT rebounded, gaining 4%, after dropping 3.67% to $3.464, where it found strong support, according to CryptoX Researchโ€™s technical analysis model. The move higher was on strong volume, the model showed. A bullish reversal pattern has formed with consecutive higher lows since the bottom, which suggests further potential upside, according to the model. In recent trading, DOT was 0.5% lower over 24 hours at around $3.57. The broader market gauge, the CryptoX 20, was 1.2% higher at publication time. Technical Analysis: DOT experienced a 3.67% correction from $3.596 to $3.464…

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XRP Price In 2026? Pattern From 2017 Reveals How It Will Happen

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Korean Youth Turn to Crypto as a Last Shot at Prosperity

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Cryptocurrency is booming in South Korea, but beneath the surface, the surge is driven less by optimism than by the economic desperation of its younger generation, according to a local expert. Crypto exchange users in South Korea have surpassed 16 million, according to data from late March, after receiving a boost from US President Donald Trumpโ€™s election win last November. The figure represents over 30% of the countryโ€™s population. Still, recent comments at German Blockchain Week from Eli Ilha Yune, chief product officer at quantum machine learning startup Anzaetek, suggest…