Bitcoin (BTC) hit the $115,700 horizontal resistance level early on Friday, plus it touched the top of an ascending channel. The price has rejected from these barriers, and given that short-term momentum has topped out, is this an ideal point to start the next downward price impulse? Bitcoin shrugs off slightly negative inflation and jobs release figures After a better than forecast PPI release on Wednesday, the CPI release on Thursday was not favourite for a repeat performance, and the resulting slightly worse than expected figure proved this. Completing Thursday’s more gloomy picture was a rise in unemployment claims from the 235K that was forecast, to the actual release figure of 263K. Nevertheless, both the US stock market and Bitcoin shrugged off these negatives with gusto, with the market no doubt mindful of the upcoming rate cut next week. The S&P 500 finished up 0.85%, while Bitcoin rose 1.35%. $BTC perfectly respects ascending channel Source: TradingView The 4-hour chart for $BTC shows that the price action has been carefully respecting first the descending channel, and then the current ascending channel. The tippy top touch of the upper trendline of the ascending channel was textbook, and if the price action is going to continue to respect this channel, it’s likely that a corrective downward price impulse will take place from here. It must also be noted that the $115,700 horizontal resistance level matches the 0.5 Fibonacci level exactly - another good reason for this rejection. Looking at possible downside targets, the 0.5 Fibonacci comes into play again. This time, looking at the Fibonacci extensions going lower, the 0.5 Fibonacci corresponds exactly with the $113,500 support. Lower still, the 0.618 Fibonacci level is at $112,850, while the deepest Fibonacci level of 0.786 comes in at $111,950. That last 0.786 Fibonacci level may coincide with the bottom of the rising channel, which would be an excellent place for the correction to peter out and a new upward impulse wave to begin. Of course, this is all conjecture, but it is based on the near-perfection of the price action as it traverses this ascending channel, respecting the top and bottom trendlines as it goes. If there is a breakdown of the channel at the bottom, the bulls will need to defend $110,800 in order to prevent the formation of a lower low. Daily chart shows indicators faltering Source: TradingView The daily chart also tends to lend its weight to a period of consolidation now. The 50-day SMA (blue line) is still on its way down, and may eventually come down to the rising 100-day SMA (green line). Although given that the $BTC price is still in an uptrend, perhaps this may only be for a potential shallow dip of the 50-day below the 100-day. The daily Stochastic RSI indicators have reached the top of their limit and so a cross back down is likely to occur. That said, these indicators could bounce around for an extended period like they did in June/July, and therefore may not signal faltering upside price momentum yet. The RSI, at the bottom of the chart, reveals that the indicator is starting to angle back down, even before reaching the downtrend line. How far down could $BTC go? Source: TradingView In the weekly chart it can be seen that if the $BTC price is rejected from the $115,700 horizontal resistance, which does look as though it will happen, the next horizontal support below is at $113,500. Also, should this correction continue, the indicator lines in the Stochastic RSI will possibly draw apart by the end of the week and not confirm a cross-up. Putting it all into context All these negatives that have been mentioned so far in this article have to be put into context from a more macro perspective. If a correction takes the price back down and the weekly candle closes below $113,500, the correction could continue. However, the very strong horizontal support at $108,000 awaits below. Even if the price did get down to this level, the weekly Stochastic RSI indicators would have reached the bottom and would be poised for the next rise to the upside. This next wave upwards of these indicators has the potential to signal enough upside price momentum for bitcoin to have at least one more big rally. Moral of the story - don’t get caught up in the weeds. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
BitcoinWorld ZETA Deposits and Withdrawals: Upbit Announces Crucial Temporary Suspension Attention all cryptocurrency enthusiasts and Zetachain (ZETA) holders! A significant announcement from Upbit, a leading South Korean crypto exchange, impacts ZETA deposits and withdrawals . This temporary suspension is a crucial step for the network’s long-term health, ensuring a more robust and efficient future for Zetachain. Understanding the Upbit ZETA Deposits and Withdrawals Suspension Upbit officially announced a temporary halt to ZETA deposits and withdrawals . This measure begins promptly at 9:00 a.m. UTC on September 16. The primary reason for this suspension is an essential network upgrade planned for Zetachain (ZETA). Such upgrades are common in the rapidly evolving blockchain space, aiming to enhance the network’s capabilities and security. It is important to understand that this is not an indefinite closure. Instead, it is a proactive step by Upbit to protect user assets and ensure a smooth transition during the upgrade process. The exchange will resume services once the network upgrade is successfully completed and stability is confirmed. Why Are Network Upgrades Essential for Zetachain (ZETA)? Network upgrades are vital for any blockchain project, including Zetachain. They serve several critical purposes: Enhanced Security: Upgrades often include patches and improvements to bolster the network’s defenses against potential threats. Improved Scalability: They can increase the network’s capacity to handle more transactions, leading to faster processing times. New Features and Functionality: Upgrades introduce innovative features, expanding what users can do with their ZETA tokens. Better Performance: Overall network efficiency and user experience typically improve after a successful upgrade. By temporarily suspending ZETA deposits and withdrawals , Upbit helps prevent any potential issues that could arise from transactions occurring during a sensitive upgrade period. This cautious approach benefits all users in the long run. Actionable Steps for ZETA Holders During the Suspension If you hold ZETA tokens on Upbit, or if you plan to interact with the Zetachain network, here are some important actions to consider: Do Not Initiate Transactions: Avoid attempting any ZETA deposits and withdrawals on Upbit during the specified suspension period. Any such attempts may result in lost funds or significant delays. Stay Informed: Regularly check Upbit’s official announcement channels, such as their website and social media. They will provide updates on the upgrade’s progress and the exact time services will resume. Plan Ahead: If you need to access your ZETA funds for immediate use, ensure you withdraw them before the suspension begins. Being prepared and informed is key to navigating these temporary changes smoothly. Navigating Temporary Disruptions: A Common Crypto Experience Temporary suspensions for network upgrades are a standard occurrence in the cryptocurrency world. They reflect the dynamic and evolving nature of blockchain technology. Exchanges like Upbit prioritize the safety and integrity of user assets by implementing such measures. Moreover, these upgrades signify growth and development within the Zetachain ecosystem. The decision to halt ZETA deposits and withdrawals , while inconvenient for a short time, underscores a commitment to providing a more secure and efficient platform for its users. This ensures that when services resume, the Zetachain network will be operating at an optimized level. Conclusion: A Step Towards a Stronger Zetachain The temporary suspension of ZETA deposits and withdrawals by Upbit is a testament to the ongoing development of the Zetachain network. While it requires a brief pause in services, the underlying purpose is to deliver a more secure, scalable, and feature-rich experience for all ZETA holders. We encourage all users to remain patient and informed, knowing that these efforts are aimed at building a stronger future for Zetachain. Frequently Asked Questions (FAQs) Q1: When will ZETA deposits and withdrawals resume on Upbit? A1: Upbit has not yet announced a specific resumption time. Services will resume once the network upgrade is successfully completed and the network’s stability is confirmed. Please monitor Upbit’s official announcements for updates. Q2: What exactly is a network upgrade? A2: A network upgrade involves significant changes to a blockchain’s underlying protocol. These changes can introduce new features, improve performance, enhance security, or fix bugs, much like software updates for your computer. Q3: Is my ZETA safe on Upbit during the suspension? A3: Yes, your ZETA tokens held on Upbit remain secure. The suspension is a precautionary measure to prevent issues during the upgrade, not an indication of a security breach. Q4: Can I still trade ZETA on Upbit during the suspension? A4: The announcement specifically mentions the suspension of deposits and withdrawals. Trading functionality for ZETA on Upbit may continue as usual, but it is always best to check Upbit’s official notice for full details on trading during this period. Q5: Why do exchanges suspend deposits and withdrawals for upgrades? A5: Exchanges suspend these services to prevent transactions from being lost, corrupted, or incorrectly processed during a network’s upgrade. It ensures data integrity and user fund safety. If you found this article helpful, please share it with your fellow crypto enthusiasts! Spreading awareness about important exchange announcements helps everyone stay informed and make better decisions in the fast-paced world of cryptocurrency. To learn more about the latest crypto market trends, explore our article on key developments shaping Zetachain price action . This post ZETA Deposits and Withdrawals: Upbit Announces Crucial Temporary Suspension first appeared on BitcoinWorld .
Paul Grewal, Coinbase’s Chief Legal Officer, has placed the spotlight on a high-stakes legal battle involving the U.S. Securities and Exchange Commission (SEC) and allegations of record destruction under former Chair Gary Gensler . Grewal accused the SEC of destroying key documents, saying the agency’s own Inspector General confirms the misconduct. Coinbase, through History Associates, has asked a federal court to intervene and ensure the agency cannot repeat what it calls a “gross violation of public trust.” The Gensler SEC destroyed documents they were required to preserve and produce. We now have proof from the SEC’s own Inspector General. Today we ask the federal court to address this gross violation of public trust to ensure that it never happens again. 1/3 pic.twitter.com/DPLtHUiolj — paulgrewal.eth (@iampaulgrewal) September 11, 2025 Inspector General’s Findings Reveal Key Timeline Grewal noted that the SEC Office of Inspector General revealed text messages from October 2022 to September 2023 were destroyed despite long-standing information requests covering “all communications” related to crypto regulation. The report detailed how SEC officials’ text messages had been excluded from Freedom of Information Act (FOIA) responses despite their potential classification as agency records. According to the filing, almost a year’s worth of then-SEC Chair Gary Gensler’s messages disappeared in September 2023, after FOIA requests but before litigation began. Messages from more than 20 other high-ranking SEC officials may also be gone, with many more at imminent risk of erasure. Coinbase Pushes for Immediate Legal Remedies Coinbase has asked the court for expedited discovery, sanctions, and the immediate production of any remaining text messages. Grewal presented this as a necessary step to hold the SEC accountable, pointing to what he described as double standards between the agency’s treatment of private firms and its own conduct. In court filings, History Associates says the SEC had known of serious record-retention and FOIA problems for two years but did not disclose them during 14 months of litigation. The filing describes the destruction of records as systemic, with major consequences for public access to information about the SEC’s internal approach to cryptocurrency policy. XRP Army Reacts The news has generated strong reactions among XRP supporters, who see the court filing and Inspector General’s findings as validation of long-held concerns. Gensler, long criticized for hypocrisy , now faces mounting scrutiny and growing calls for accountability. Several commenters urged lawsuits or criminal charges, including calls for jail time for Gary Gensler. Others described the situation as despicable or negligent, echoing frustrations about accountability. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Some focused on transparency, emphasizing that public officials must be held to the same standards they impose on private firms. One commenter argued that the SEC works for citizens and should face heightened scrutiny. Allegations of destroyed records and selective disclosure threaten to erode confidence in one of the nation’s most powerful financial regulators. While the current SEC has a more pro-crypto stance , former officials must be held accountable for their actions to rebuild public trust. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Army Rejoices As Ex-SEC Chair Gary Gensler Faces Fresh Trouble appeared first on Times Tabloid .
Chainlink breakout: LINK has cleared a 3-year symmetrical triangle with rising volume and momentum, signaling a potential move toward $31.57, $53.07 and a long-term target near $102 if $32 flips
Forward Industries, known for making protective casing for medical devices, has announced a massive $1.65B private placement to go big on Solana ($SOL). Backed by big names like Galaxy Digital and Multicoin Capital , the move shows tremendous institutional confidence in Solana’s future. Forward Industries’ stocks shot up by 6% right after the announcement and have continued to rise steadily overall, indicating the market took it well. With Solana looking good, now is the perfect time to look at Snorter Token ($SNORT) , the Swiss-army knife you need for trading everything Solana-based. Why the Enthusiasm? Understanding Solana’s Momentum Why are the big players piling into Solana right now? The technical indicators could hold the answer. Solana’s price chart is showing what traders call a bull pennant pattern. Think of it as a pause in the middle of a major run-up. The price surged over 70% from June to August, and now it’s catching its breath before a potential big move. If the pattern plays out, some analysts predict the price could hit $300 in the near term, with some even eyeing $1K down the road . Beyond the charts, the network itself is thriving. Solana’s Total Value Locked (TVL) has skyrocketed to $12.987B , a massive 109% jump since April, driven by increased activity on popular dApps like Raydium and Jupiter. The combo of strong technical signals and real-world growth is what makes Solana such an attractive bet for big investors and companies alike. Projects like Snorter Token ($SNORT), which amplify real-world growth by making Solana-based trading easier, can only strengthen the network. Snorter Token ($SNORT): A New Class of Utility-First Meme Coin Lots of tokens pop up based on a funny joke or meme, but Snorter Token ($SNORT) is a different beast. It combines meme coin vibes with advanced tools for traders. $SNORT is the official token for the Snorter Bot, a trading bot in its beta phase built directly on Telegram. It’s not a promise of future utility; this is a token with a working product. Holding $SNORT allows you to access various premium features that help you navigate volatile meme coin markets. These include lightning-fast sniping, copy-trading to learn from the best, and rug-pull detection to keep you safe from malicious projects. In addition to the trading tools, you also benefit from reduced trading fees, paying 0.85% compared to 1.5% for non-holders. The incentive directly rewards platform engagement, creating sustainable demand for the token. Get your $SNORT now for $0.1041 and don’t miss the 120% staking rewards. For all you need to know, check out our ‘How to Buy Snorter Token ($SNORT)’ guide. The Vision: Building a Community on a Foundation of Value Snorter Token ($SNORT) has raised over $3.8M in its presale so far, which shows investors are paying attention. It’s also been professionally audited by firms like SolidProof and Coinsult , which builds trust and credibility. $SNORT isn’t just a hype-driven meme coin; it’s the key to a set of tools designed to give retail traders the edge over bots and whales. This is also just the beginning. The project’s roadmap points to continuous expansion and value creation. After launching on Solana and Ethereum, the team plans to expand to other major blockchains like BNB Chain and Polygon. With an ambitious multi-chain strategy like this, it’s not surprising experts predict $SNORT could reach an end-of-2025 high of $0.94 . This would see an ROI of 802% if you invested today. Time to get your nose to the ground and sniff up some $SNORT? Join the presale now. Remember, this is not intended as financial advice, and you should always do your own research before making any financial investments. Authored by Ben Wallis, Bitcoinist — https://bitcoinist.com/solana-rally-after-$1.68B-treasury-purchase-snorter-soars/
The Federal Reserve is expected to cut interest rates by 25 basis points. Market predictions factor in three rate cuts in the coming year. Continue Reading: Fed Prepares for Possible Interest Rate Cuts in September Meeting The post Fed Prepares for Possible Interest Rate Cuts in September Meeting appeared first on COINTURK NEWS .
On Friday, SK Hynix completed the development of HBM4, its next-generation memory product for ultra-high-performance AI. The company also established a mass production system for the high-bandwidth memory chips for customers. The South Korean firm said the semiconductor chip vertically interconnects multiple DRAM chips and increases data processing speed compared to conventional DRAM products. The company believes that the mass production of the HBM4 chips will lead the AI industry. SK Hynix prepares mass production of HBM4 SK Hynix developed its product based on the recent dramatic increase in AI demand and data processing, which requires high-bandwidth memory for faster system speed. The company also believes that securing memory power efficiency has become a key requirement for customers, as power consumption for data center operation has surged. The semiconductor supplier hopes that HBM4’s increased bandwidth and power efficiency will be the optimal solution to meet customers’ needs. The production of the next-generation of HBM4 involves stacking chips vertically to save space and reduce power consumption, which helps to process large volumes of data generated by complex AI applications. “Completion of HBM4 development will be a new milestone for the industry. By supplying the product that meets customer needs in performance, power efficiency and reliability in timely manner, the company will fulfill time to market and maintain a competitive position.” – Joohwan Cho , Head of HBM Development at SK Hynix. The South Korean company revealed that its new product has the industry’s best data processing speed and power efficiency. According to the report, the chip’s bandwidth has doubled from the previous generation by adopting 2,048 I/O terminals, and its power efficiency has surged by over 40%. SK Hynix also maintained that HBM4 will improve AI service performance by up to 69% when the product is applied. The initiative aims to solve data bottlenecks and reduce data center power costs. The firm revealed that HBM4 exceeds the Joint Electron Device Engineering Council’s (JEDEC) standard operating speed (8Gbps) by incorporating over 10Gbps in the product. JEDEC is the global standardization body that develops open standards and publications for the microelectronics industry. SK Hynix also incorporated the Advanced MR-MUF (Mass Reflow Molded Underfill) process in HBM4, which allows stacking the chips and injecting liquid protective materials between them to protect the circuit between the chips and harden them. The company stated that the process has proved reliable and more efficient in the market for heat dissipation compared with the method of laying film-type materials for each chip stack. SK Hynix believes that its advanced MR-MUF technology helps secure a stable HBM mass production by providing good warpage control and reducing the pressure on the stacked chips. The firm also adopted the 1bnm process, the fifth generation of the 10-nanometer technology in HBM4. SK Hynix said it helps minimize the risk in market production. Justin Kim, head of AI Infra at the company, said SK Hynix plans to grow into a full-stack AI memory provider by supplying memory products with the best quality and diverse performance required in the AI industry. SK Hynix shares surge Following the release of HBM4, SK Hynix’s share price hit a record high on Friday, surging by as much as 6.60% to 327,500 KRW ($235.59). The company’s stock price has also increased by roughly 17.5% in the past five days and nearly 22% in the past month. Senior analyst at Meritz Securities, Kim Sunwoo, forecasted the company’s HBM market share will remain in the low 60% range in 2026. He argued that it will be supported by early HBM4 supply to key customers and the resulting first-mover advantage. SK Hynix supplies the most HBM semiconductor chips to Nvidia, followed by Samsung Electronics and Micron, which supply smaller volumes. The company’s head of HBM business planning, Choi Joon-yong, projected that the AI memory chip market will surge by 30% a year until 2030. Joon-yong stated that the end user’s demand for AI is very strong. He also sees the billions of dollars in AI capital spending from cloud computing companies being revised upwards in the future. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
BitcoinWorld Rai Finance Delisting: Bithumb Confirms Urgent Move The cryptocurrency world is constantly evolving, and staying informed is crucial for every investor. Recently, a significant announcement from South Korean crypto exchange Bithumb has caught the attention of many: the Rai Finance delisting . This move impacts users holding SOFI tokens on the platform and signals a critical shift for the asset. What Does the Rai Finance Delisting Mean for Traders? Bithumb officially declared its decision to delist Rai Finance (SOFI) from its platform. The specific time for this removal is set for 6:00 a.m. UTC on October 13 . For anyone currently holding SOFI tokens on Bithumb, this announcement requires immediate attention and action. A delisting means that after the specified date and time, traders will no longer be able to buy, sell, or trade SOFI on Bithumb. Essentially, the token will cease to be supported by the exchange. This often leads to a rush by holders to move their assets, which can sometimes impact the token’s market price in the short term. Why Do Crypto Exchanges Delist Assets Like SOFI? The decision to delist a cryptocurrency is not taken lightly by exchanges. Several factors can contribute to a Rai Finance delisting , or any token’s removal, from a major platform like Bithumb. These reasons typically revolve around maintaining a healthy and secure trading environment for users. Common reasons include: Low Liquidity: If a token has insufficient trading volume, it can be difficult for users to execute trades at fair prices. Regulatory Concerns: Changes in regulations or a project’s inability to comply with existing rules can trigger a delisting. Project Viability: A lack of development, community engagement, or failure to meet project roadmap milestones can signal a struggling asset. Security Issues: Vulnerabilities in the project’s smart contracts or network can pose risks to users. While Bithumb’s specific reasons for the Rai Finance delisting were not detailed in the initial announcement, such decisions are usually made to protect users and ensure the integrity of the exchange’s offerings. Navigating the Rai Finance Delisting: Your Action Plan For SOFI holders on Bithumb, the most important thing is to act swiftly and decisively. The deadline of October 13 is fast approaching. Here’s a clear action plan to help you manage your assets: Withdraw Your SOFI: Ensure you withdraw your Rai Finance (SOFI) tokens from Bithumb before the delisting deadline. You can transfer them to a personal cold or hot wallet, or to another exchange that still supports SOFI. Check Other Exchanges: Research which other reputable exchanges currently list SOFI. If you plan to continue holding or trading the token, you will need to set up an account on one of these platforms. Consider Your Options: Evaluate whether you want to hold onto your SOFI tokens or convert them to another cryptocurrency before the delisting. This decision should align with your personal investment strategy and risk tolerance. Missing the withdrawal deadline could result in your assets becoming inaccessible or requiring a complex recovery process, so prompt action is essential for all affected users. The Broader Implications of Bithumb’s Decision The Rai Finance delisting by a prominent exchange like Bithumb sends ripples through the market. For the Rai Finance project itself, it means reduced accessibility for a significant portion of its user base, potentially impacting its trading volume and overall market presence. This kind of event often serves as a wake-up call for projects to reassess their strategies and compliance efforts. For investors, this situation highlights the importance of diversifying holdings and staying informed about the health and regulatory status of the projects they invest in. It underscores the dynamic nature of the crypto market, where exchanges continually evaluate and adjust their listings to meet evolving standards and market conditions. Conclusion: The upcoming Rai Finance delisting by Bithumb is a significant event for SOFI holders. While delistings can be unsettling, they are a part of the ever-changing cryptocurrency landscape. By understanding the implications and taking timely action, affected users can mitigate potential risks and ensure the safety of their assets. Always prioritize staying updated with exchange announcements and market developments to make informed decisions in your crypto journey. Frequently Asked Questions (FAQs) 1. What is the exact date and time for the Rai Finance (SOFI) delisting on Bithumb? Bithumb will delist Rai Finance (SOFI) at 6:00 a.m. UTC on October 13. 2. What should SOFI holders on Bithumb do before the delisting deadline? SOFI holders should withdraw their tokens from Bithumb to a personal wallet or another exchange that supports SOFI before the October 13 deadline. 3. Why did Bithumb decide to delist Rai Finance (SOFI)? While Bithumb did not provide specific reasons in their initial announcement, delistings often occur due to factors like low liquidity, regulatory concerns, project viability issues, or security risks. 4. Can I still trade SOFI on other exchanges after Bithumb’s delisting? Yes, if other reputable exchanges continue to list SOFI, you can transfer your tokens there to continue trading. It’s essential to research and confirm which exchanges support SOFI. 5. What happens if I don’t withdraw my SOFI tokens from Bithumb by the deadline? If you miss the withdrawal deadline, your SOFI tokens may become inaccessible on Bithumb, potentially requiring a complex and uncertain recovery process. Prompt action is highly recommended. Found this article helpful in understanding the Bithumb Rai Finance delisting ? Don’t keep crucial information to yourself! Share this article with your fellow crypto enthusiasts, friends, and anyone who might be impacted by this news. Your shares help our community stay informed and navigate the dynamic world of digital assets together. Spread the word! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency exchanges and their impact on digital asset price action . This post Rai Finance Delisting: Bithumb Confirms Urgent Move first appeared on BitcoinWorld .
According to COINOTAG on September 12 and HyperInsight analytics, wallet 0xa523 — labeled the “40x Short Whale” — increased its BTC short by 135.11 coins, taking the exposure to roughly
Charles Hoskinson criticized the SEC’s “register” narrative after Coinbase sued the agency, calling out alleged SEC record‑keeping failures and suggesting regulators must follow the same standards they impose. The dispute