Kiwoom Securities Negotiates Stake in Bithumb, South Korea's No. 2 Crypto Exchange
- Equity Acquisition Talks: Kiwoom Securities, a major South Korean brokerage, is negotiating to acquire a stake in Bithumb, although the investment amount and ownership percentage remain undetermined; this move reflects the financial sector's growing interest in digital assets and could enhance Bithumb's market position.
- Technical Failure Impact: A technical malfunction at Bithumb in February 2026 led to the erroneous distribution of approximately 620,000 Bitcoin, causing market volatility and forcing the postponement of its IPO to 2028, significantly undermining its regulatory credibility and investor confidence.
- Legislative Progress: South Korean lawmakers are advancing the Digital Asset Basic Act, which may restrict individual shareholder ownership in crypto platforms to between 20% and 34%, potentially reshaping the investment landscape in the sector.
- Intensifying Market Competition: In addition to Kiwoom Securities, Hana Bank and Samsung Group are also actively pursuing digital asset investments, with Hana planning a $670 million stake in Dunamu, indicating strong interest from South Korea's financial industry in cryptocurrency exchanges.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0277 | 0.0298 | 0.032 | 0.0341 | 0.0363 | 0.0384 | 0.0406 |
| Fibonacci | 0.0298 | 0.0315 | 0.0325 | 0.0341 | 0.0358 | 0.0368 | 0.0384 |
About MAJOR
About the author
