DYDX Deposits and Withdrawals: Bithumb’s Crucial Suspension Explained

BitcoinWorld DYDX Deposits and Withdrawals: Bithumb’s Crucial Suspension Explained South Korean crypto exchange Bithumb recently announced a temporary halt to DYDX deposits and withdrawals . This crucial move, set to begin at 9:00 a.m. UTC on September 2nd, is in preparation for a significant network upgrade for the dYdX (DYDX) token. Understanding the reasons behind such suspensions is key for any cryptocurrency user, ensuring you remain informed and prepared for market fluctuations and operational changes. Why Are DYDX Deposits and Withdrawals Being Suspended? Exchange suspensions of services like DYDX deposits and withdrawals are not uncommon in the fast-evolving world of cryptocurrency. They typically occur for essential reasons that ultimately benefit the users and the network’s long-term health. In this case, Bithumb is supporting a vital network upgrade for dYdX. Network upgrades are fundamental for: Enhanced Security: Implementing new protocols to protect user assets and data more effectively. Improved Scalability: Allowing the network to handle a larger volume of transactions more efficiently, reducing congestion and fees. New Features and Functionality: Introducing innovations that can improve the dYdX platform’s utility and user experience. Maintaining Stability: Ensuring the underlying blockchain infrastructure remains robust and reliable. Bithumb’s decision reflects its commitment to providing a secure and stable trading environment. By temporarily pausing DYDX deposits and withdrawals , the exchange ensures a smooth transition during the upgrade process, minimizing potential risks or disruptions that could arise from attempting transactions on an unstable or transitioning network. What Does This Mean for Your DYDX Funds on Bithumb? It’s natural to feel concerned when you hear about a suspension of services, but rest assured, this temporary halt does not mean your funds are at risk. Your dYdX (DYDX) assets held on Bithumb remain safe and secure within the exchange’s custody. The suspension primarily impacts your ability to move DYDX in or out of the exchange. Here’s what you need to know: Trading Unaffected: Typically, trading of DYDX pairs on Bithumb will continue as usual during the suspension period, unless otherwise specified by the exchange. No New Deposits: You will not be able to deposit DYDX tokens into your Bithumb account after the specified time. No Withdrawals: You will also be unable to withdraw DYDX tokens from your Bithumb account. Temporary Measure: This is a short-term measure designed to protect your assets and ensure the integrity of the network during the upgrade. Users are strongly advised to avoid attempting any DYDX deposits and withdrawals once the suspension begins. Any such transactions might fail or, in rare cases, lead to funds being stuck or delayed until the network upgrade is complete and services resume. Preparing for the Temporary Halt of DYDX Deposits and Withdrawals To navigate this temporary service interruption smoothly, a little preparation goes a long way. Being proactive can help you avoid any last-minute stress or inconvenience. Here are some actionable insights: Complete Transactions Early: If you need to deposit or withdraw DYDX from Bithumb, ensure you complete these transactions well before the 9:00 a.m. UTC deadline on September 2nd. Stay Informed: Regularly check Bithumb’s official announcements page, their social media channels, or the dYdX project’s official communication channels for updates regarding the upgrade status and the resumption of services. Set Reminders: Mark your calendar for the suspension time. This simple step can prevent accidental attempts at transactions during the downtime. Understand the Benefits: Remember that these upgrades are for the long-term health and efficiency of the dYdX network, which ultimately benefits all users. While the temporary suspension of DYDX deposits and withdrawals might seem like an inconvenience, it’s a necessary step for a healthier and more robust dYdX ecosystem. Bithumb is acting responsibly to facilitate this crucial technical improvement. In conclusion, Bithumb’s temporary suspension of DYDX deposits and withdrawals is a proactive measure to support a vital network upgrade. This ensures a more secure, scalable, and feature-rich dYdX platform for everyone. Stay updated with official announcements, plan your transactions accordingly, and look forward to the enhanced capabilities that this upgrade will bring. Frequently Asked Questions (FAQs) 1. When will Bithumb suspend DYDX deposits and withdrawals? Bithumb will temporarily suspend DYDX deposits and withdrawals starting at 9:00 a.m. UTC on September 2nd. 2. Why is Bithumb suspending DYDX services? The suspension is to support a crucial network upgrade for the dYdX (DYDX) token, aiming to enhance security, scalability, and introduce new features. 3. Are my DYDX funds safe during the suspension? Yes, your dYdX (DYDX) assets held on Bithumb remain safe and secure within the exchange’s custody. The suspension only affects the ability to deposit or withdraw. 4. What should I do before the suspension of DYDX deposits and withdrawals? If you need to deposit or withdraw DYDX, complete these transactions before the September 2nd deadline. It’s also advisable to monitor Bithumb’s official announcements for updates. 5. Will I still be able to trade DYDX on Bithumb during the suspension? Typically, trading of DYDX pairs continues as usual during such suspensions, unless Bithumb specifies otherwise. The halt primarily affects deposits and withdrawals. Was this information helpful in understanding Bithumb’s update? Share this article with your fellow crypto enthusiasts on social media to keep them informed about important updates regarding DYDX deposits and withdrawals and Bithumb’s operational changes! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency exchanges and their impact on digital asset management . This post DYDX Deposits and Withdrawals: Bithumb’s Crucial Suspension Explained first appeared on BitcoinWorld and is written by Editorial Team

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Tron proposes 50% fee cut – Can TRX handle the inflation risk?

The fee-cut proposal could increase TRX supply by over 66 million tokens in the near term

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Tom Lee, New BitMine Chairman, Predicts ETH to Reach $5,500 Soon, $10K–$12K by Year-End and $60K in 5 Years

Tom Lee, newly appointed Chairman of the Board at BitMine, has issued a series of public market observations that coincided with near-term Ethereum moves in August. Lee noted a healthy

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Investment Firm Ark Invest Purchases Large Shares of Ethereum-Supporting Company! Here Are the Details

Ark Invest, the investment firm managed by Cathie Wood, took advantage of the sharp decline in BitMine Immersion shares to purchase an additional $15.6 million worth of shares. Ark Invest Buys $15.6 Million in BitMine Shares as They Fall According to the company's daily trading report, a total of hundreds of thousands of shares were purchased through three different exchange-traded funds (ETFs). Looking at the details, the ARK Innovation ETF (ARKK) added 227,569 shares, the ARK Next Generation Internet ETF (ARKW) added 70,991 shares, and the ARK Fintech Innovation ETF (ARKF) added 40,553 shares of BitMine to its portfolio. These purchases came after BitMine shares, trading under the ticker symbol BMNR, fell 7.85% to close at $46.03 on Wednesday. While the total decline over the past five days has reached 11.58%, the shares have gained a remarkable 534.9% since the beginning of the year. The Nasdaq closed up 0.2%, while the Dow Jones Industrial Average rose 0.3%. BitMine, known for its Ethereum reserves, announced earlier this week that its total crypto and cash holdings reached $8.82 billion. 1.71 million ETH accounts for $7.9 billion of that amount. The company also announced plans to increase its current $4.5 billion share sale program to $24.5 billion in a filing with the U.S. Securities and Exchange Commission (SEC) on August 12. This step aims to generate funding for more Ethereum purchases. *This is not investment advice. Continue Reading: Investment Firm Ark Invest Purchases Large Shares of Ethereum-Supporting Company! Here Are the Details

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Arthur Hayes Sees 126x HYPE Gains by 2028 as De-Dollarization Fuels Stablecoin Boom

Former BitMEX CEO Arthur Hayes has published his boldest crypto prediction yet, forecasting that Hyperliquid’s HYPE token could surge 126x from current levels by 2028 as stablecoin adoption reaches $10 trillion and transforms decentralized trading. Hayes believes Treasury Secretary Scott Bessent’s policies could create the largest DeFi bull market in history. “Buffalo Bill” Bessent’s Strategy Targets $34 Trillion Global Deposit Seizure Hayes’ thesis centers on his belief that the Trump administration will weaponize stablecoins to capture $34 trillion in Eurodollar deposits and Global South bank holdings, forcing these funds into U.S. Treasury bills through compliant stablecoin issuers. The former crypto executive argues this represents a “once in a century change of the global monetary architecture” that will supercharge decentralized finance applications. The prediction comes as Hayes maintains substantial positions through his investment fund, Maelstrom, in Ethena (ENA), also known as Ether.fi (ETHFI), and Hyperliquid (HYPE). His analysis projects ENA could gain 51x and ETHFI could achieve 34x returns by 2028 based on massive stablecoin adoption driving DeFi usage. Hayes nicknamed Treasury Secretary Scott Bessent “Buffalo Bill” for his anticipated dismantling of the Eurodollar banking system, comparing the strategy to taking control of foreign non-dollar deposits. The analysis suggests that Meta’s WhatsApp and other U.S. tech platforms will serve as distribution channels for dollar-pegged stablecoins, reaching billions of users globally, thereby bypassing local banking systems and regulatory restrictions. #Meta is reportedly working to introduce #stablecoins to its platform on several fronts, possibly to save on transaction fees. https://t.co/vcEpvYn6Pg — Cryptonews.com (@cryptonews) May 9, 2025 Stablecoin Infrastructure to Absorb $34 Trillion in Global Deposits Hayes outlines how Bessent could redirect $10-13 trillion in Eurodollar deposits by threatening to withdraw Federal Reserve support for foreign banks during the next financial crisis. This policy shift would force Eurodollar depositors to comply with stablecoin issuers like Tether, which invest exclusively in U.S. bank deposits and Treasury bills. The strategy extends to capturing $21 trillion in Global South retail deposits through U.S. social media platforms equipped with crypto wallets. Hayes envisions WhatsApp providing seamless stablecoin payment functionality to users in countries like the Philippines, effectively creating digital dollar bank accounts for billions while bypassing local banking regulations. Central banks in emerging markets would lose monetary control as citizens adopt dollar-pegged stablecoins for daily transactions. Hayes argues local governments lack effective responses beyond internet shutdowns, while the Trump administration could wield sanctions against officials who resist stablecoin proliferation by threatening their offshore wealth holdings. The forced adoption would create price-insensitive demand for Treasury bills, allowing Bessent to offer yields lower than those of Fed Funds rates while maintaining profitability for stablecoin issuers. This mechanism could give the Treasury control over short-term interest rates regardless of Federal Reserve policy decisions. European deposits face similar pressure as Hayes predicts the euro’s collapse due to Germany-first and France-first policies splintering the currency union. Adding European bank deposits of $16.74 trillion to the target market creates a total addressable market of $34 trillion for stablecoin conversion. JPMorgan research confirms accelerating de-dollarization trends, with central bank USD reserves hitting two-decade lows while gold purchases surge among emerging market institutions. Foreign ownership of U.S. Treasury markets has also declined from over 50% during the 2008 financial crisis to 30% currently, creating financing pressures that stablecoins could alleviate. DeFi Protocols Positioned for Explosive Growth From Institutional Flow Hyperliquid emerges as Hayes’ highest conviction play with 126x return potential, based on his prediction that the decentralized exchange will become the largest crypto trading venue of any type by 2028. The platform currently holds a 67% DEX market share and is rapidly gaining ground against centralized competitors, such as Binance. Hayes models Hyperliquid reaching daily trading volumes comparable to Binance’s current $73 billion as stablecoin supply reaches $10 trillion. The exchange’s permissionless infrastructure through HIP-3 enables any application to integrate liquid derivatives markets, positioning it as the “decentralized Binance” for the stablecoin era. Ethena’s USDe stablecoin targets the lending market by offering higher yields than Treasury rates through cash-and-carry trading strategies that Hayes helped pioneer at BitMEX. The protocol has grown to become the third-largest stablecoin, with $13.5 billion in deposits, positioning it to capture a 25% market share, trailing only Tether. Similarly, Hayes compares Ether.Fi Cash offers spending infrastructure through Visa-powered stablecoin debit cards, with a revenue model similar to JPMorgan’s fee-to-deposit ratio of 1.78%. He projected that the adoption, which allows users in the Global South to spend digital dollars anywhere Visa is accepted, will drive significant returns. Stablecoin infrastructure is already transforming traditional finance, with monthly settlement volumes reaching $1.39 trillion in the first half of 2025. The post Arthur Hayes Sees 126x HYPE Gains by 2028 as De-Dollarization Fuels Stablecoin Boom appeared first on Cryptonews .

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Exciting Binance Alpha BLUM Listing: What You Need to Know

BitcoinWorld Exciting Binance Alpha BLUM Listing: What You Need to Know The cryptocurrency world is buzzing with significant news! Binance Alpha, the innovative on-chain trading service nestled within the broader Binance Wallet ecosystem, has just announced an exciting new addition: the Binance Alpha BLUM listing . This development opens up fresh opportunities for traders and enthusiasts alike, eager to explore early-stage digital assets. What Does the Binance Alpha BLUM Listing Mean for Traders? Binance Alpha stands out as a dedicated platform for discovering promising, nascent cryptocurrencies. Its core mission is to provide a gateway for users to engage with early-stage coins before they potentially hit the mainstream. The Binance Alpha BLUM listing signifies a strategic move to expand this offering, giving users a chance to be early adopters. Early Access: Traders can gain exposure to BLUM at an initial phase, potentially before wider market availability. On-Chain Trading: Transactions occur directly on the blockchain via Binance Wallet, ensuring transparency and direct control over assets. Potential Growth: Early listings often present significant upside potential for investors who identify promising projects. However, it’s crucial to understand the inherent risks associated with early-stage assets. While exciting, these coins can also be highly volatile and speculative. Understanding BLUM: The Latest Addition to Binance Alpha So, what exactly is BLUM, the newest asset to join the Binance Alpha family? While specific project details are often found directly from the BLUM project’s official channels, its inclusion on Binance Alpha highlights its potential. BLUM represents the latest digital asset available for trading on this specialized platform. The selection process for coins on Binance Alpha is rigorous, aiming to identify projects with strong fundamentals and innovative potential. The inclusion of BLUM suggests that it has met these internal criteria, making the Binance Alpha BLUM listing a noteworthy event. This allows users to interact with the token directly through their Binance Wallet, leveraging its integrated functionalities. Key features of trading on Binance Alpha include: Seamless integration with the user-friendly Binance Wallet. A dedicated focus on cutting-edge, early-stage crypto projects. A curated and potentially less crowded environment for exploring new digital assets. From Alpha to Mainnet: What’s Next for the Binance Alpha BLUM Listing? A common and important question arises whenever a coin is listed on Binance Alpha: will it eventually make it to the main Binance spot and perpetual futures markets? It’s essential to manage expectations here. While a listing on Alpha can certainly be a precursor to a full Binance listing, it is not a guarantee . The journey from Binance Alpha to a broader Binance listing depends on several factors, and projects must continue to prove their viability and utility: Community Interest: Strong and sustained engagement from users and the broader crypto community. Trading Metrics: Healthy trading volume and sufficient liquidity on the Alpha platform. Project Development: Consistent progress and execution of the project’s roadmap and milestones. Compliance: Continued adherence to Binance’s evolving listing standards and regulatory requirements. This distinction is vital for anyone considering participation in the Binance Alpha BLUM listing . Traders should conduct thorough due diligence and understand that the path forward for any early-stage coin can be unpredictable. Navigating Early-Stage Crypto: Actionable Insights for the Binance Alpha BLUM Listing Engaging with early-stage coins like BLUM on platforms such as Binance Alpha requires a strategic and informed approach. Here are some actionable insights to consider before diving in: Research Thoroughly: Before investing, delve into the BLUM project’s whitepaper, team, technology, and community. Understand its value proposition. Start Small: Allocate only a small, comfortable portion of your portfolio to highly speculative assets. Diversification is key. Stay Informed: Actively follow official announcements from Binance Alpha and the BLUM project’s own channels for updates. Understand Volatility: Be prepared for significant price swings, both upwards and downwards, which are common with new tokens. Security First: Always ensure your Binance Wallet is secured with strong, unique passwords and two-factor authentication (2FA). The Binance Alpha BLUM listing offers a unique opportunity for those looking to explore the cutting edge of crypto, but informed decision-making is paramount. The addition of BLUM to Binance Alpha marks another exciting chapter for the platform’s mission to highlight promising early-stage crypto projects. While the potential for growth is captivating, it’s essential for participants to approach this opportunity with caution and a well-researched strategy. Binance Alpha continues to serve as a crucial launchpad, offering users a chance to be at the forefront of crypto innovation. This latest listing underscores Binance’s commitment to fostering a dynamic and diverse ecosystem for digital assets. Frequently Asked Questions (FAQs) Q1: What is Binance Alpha? A1: Binance Alpha is an on-chain trading service integrated within the Binance Wallet, specifically designed to list and facilitate trading of early-stage, innovative cryptocurrency projects. Q2: What does “BLUM” refer to in this context? A2: BLUM is the name of the new early-stage cryptocurrency project that has recently been added to the Binance Alpha platform for trading. Q3: Is a Binance Alpha listing a guarantee for a full Binance listing? A3: No, a listing on Binance Alpha is not a guarantee that the coin will subsequently be listed on Binance’s main spot or perpetual futures markets. It is a separate platform for early discovery. Q4: How can I trade BLUM on Binance Alpha? A4: You can trade BLUM directly through your Binance Wallet, as Binance Alpha is an integrated on-chain trading service within the wallet ecosystem. Q5: What are the risks associated with trading early-stage coins like BLUM? A5: Early-stage coins carry higher risks due to their newness, lower liquidity, and unproven market performance. They can experience significant price volatility, and potential for losses is higher. If you found this article insightful, consider sharing it with your friends and fellow crypto enthusiasts on social media! Your shares help us bring valuable information to a wider audience. To learn more about the latest crypto market trends, explore our article on key developments shaping early-stage crypto growth opportunities. This post Exciting Binance Alpha BLUM Listing: What You Need to Know first appeared on BitcoinWorld and is written by Editorial Team

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Institutional investors add 388,000 ETH to portfolio in Q2 via Ethereum ETFs

Institutional investors increased their exposure to spot Ethereum exchange-traded funds (ETFs) by more than 388,000 ETH in the second quarter. Among this class, investment advisors are now the biggest holders of Ethereum ETFs by a large margin. Bloomberg analyst James Seyffart disclosed this on X, noting that advisors now have almost double the exposure to ETH ETFs that hedge funds now have. According to Seyffart , investment advisors now hold 539,757 ETH through their exposure to Ethereum ETFs, translating into $1.351 billion in value. In the second quarter alone, they added 219,668 ETH. This was more than any other category of investors added within that period, with hedge funds coming second by adding 140,287 ETH in the same period. Following the hedge funds’ increase in exposure, they now hold a combined 274,758 ETH worth $687.94 billion. Meanwhile, brokerage firms and private equity came in third and fourth in terms of ETH ETF holdings, with the two holding 101,058 ETH ($253 million) and 24,857 ETH ($62.24 million), respectively. Completing the top five were holding companies with 24,238 ETH exposure worth $60.688 million. Top Ether ETF holders by category. Source: James Seyffart Interestingly, all the top five ETH ETF holders increased their exposure during Q2, but it was not the same for all the categories. For instance, the data also shows that trusts, pension funds, and banks reduced their ETH ETF exposure during that period, with the three selling a combined 3,116 ETH. The dominance of investment advisors with Ethereum ETFs is similar to Bitcoin ETFs, where they hold 161,909 Bitcoins valued at over $17 billion as of the end of Q2. However, Seyffart noted that the 13F data does not provide a snapshot into which category of investor is holding Ethereum and Bitcoin ETFs. He acknowledged that it does not necessarily provide the full picture, as the data is based on 13F filings of these firms with the Securities and Exchange Commission (SEC). He explained that 13F data only accounts for around 25% of all Bitcoin ETF shares, while 75% is owned by those who do not file with the SEC. Seyffart explained that this group is mostly made up of retail traders. Goldman Sachs leads the institutional acquisition of Ethereum ETFs Meanwhile, a breakdown of the 13F filings by institutions shows that Goldman Sachs is the leading holder of Ethereum ETFs. According to its filing, the bank currently holds 288,294 ETH worth $721.8 million. This was after a massive accumulation of 160,072 ETH through the ETFs during Q2. Other firms with sizable exposure also included Jane Street with 76,044 ($190.4 million), Millennium Management with 74,677 ETH ($186.96 million), and Capula Management with 58,841 ETH ($147.32 million). So far, every other firm with disclosures has below $100 million worth of ETH exposure. However, several new firms gained exposure to Ethereum ETFs in Q2. These include Logan Stone Capital with $38 million worth of ETH ETF shares, BlueCrest Capital Management with $28 million, and Almitas Capital and Clear Street. Interestingly, many market observers believe that the data from the 13F filings are already old because they ended in June, whereas Ethereum ETFs only started seeing massive inflows in Q3, with the products recording an all-time high in net flows and trading volume over the past two months. ETH retests $4,600 as Standard Chartered calls asset undervalued The increasing exposure from Wall Street firms highlights how ETH is rapidly becoming a darling for institutional investors. This is likely due to its recent performance , which has seen the token rise by more than 75% in value over the past few weeks. While it has seen brief price corrections over that period, ETH looks set to solidify itself above $4,600 after testing that level multiple times over the past month. It is currently up by around 1% to trade $4,604 according to CoinMarketCap, and all signs suggest it could rise further in value. This is likely the reason behind the strongly positive sentiments around the asset, as evidenced by a recent note by Standard Chartered analysts that ETH and the Ethereum treasury companies are currently undervalued. The bank’s Geoffrey Kendrick believes that ETH could still finish the year at $7,500 and projects that the asset could be worth $25,000 by 2028. Get up to $30,050 in trading rewards when you join Bybit today

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French Crypto Trader Kidnapped Near Paris, Released After Refusing €10K Ransom: Report

A 35-year-old former crypto trader was kidnapped and held captive between Paris and Saint-Germain-en-Laye before being released Wednesday morning after his captors failed to extract a €10,000 ransom from his contacts. The victim was found walking home around 4:00 am with facial swelling and injuries after being strangled during his confinement, marking the latest in a surge of crypto-related kidnappings plaguing France. Investigation Underway as France Leads Crypto Kidnapping Case According to leParisien , police launched an immediate investigation Tuesday night after receiving a disturbing call from Algeria, where the victim’s acquaintance had received a photo showing Alexandre on his knees with his hands tied. The kidnappers demanded €10,000 from the contact in exchange for the former trader’s release, prompting authorities to geolocate his phone to Paris’s 10th arrondissement. Anti-crime squad officers recognized Alexandre returning home Wednesday morning, describing him as “shocked” with visible facial injuries from strangulation attempts by his attackers. Forensic technicians collected traces and evidence from his clothing and skin to identify the perpetrators, while investigators work to verify his statements about the incident circumstances. The case represents just the tenth crypto-linked kidnapping reported in France during recent months, contributing to a global surge that has seen at least 32 “wrench attacks” in 2025, according to Bitcoin security advocate Jameson Lopp. Nearly one-third of these incidents have occurred in France, so far establishing the country as a dangerous hotspot for crypto-related violent crime. Organized Crime Networks Target French Crypto Elite Through Systematic Violence French authorities have identified coordinated criminal networks systematically targeting crypto entrepreneurs and their families through increasingly brutal tactics. In May, prosecutors charged 25 suspects linked to multiple abduction plots, including attempts on Paymium CEO Pierre Noizat’s daughter, using fake delivery vans as cover. With a powerful sweep, Paris authorities charged 25 suspects, including six minors, cracking down on a surge of violent crypto abductions shaking the city’s streets. #CryptoKidnap #France https://t.co/P3F5Wz2GNl — Cryptonews.com (@cryptonews) June 2, 2025 The January kidnapping of Ledger co-founder David Balland marked a turning point in violence escalation, with attackers severing one of his fingers while demanding crypto ransoms. Twelve suspects were later arrested in connection with that case, revealing an international network operating between France and Morocco. Multiple high-profile incidents have involved attackers disguising themselves as delivery workers using stolen or counterfeit branded vans from services like UPS and Chronopost. In May, four men kidnapped a poker player’s father in Paris , severing his finger and filming the mutilation to coerce his son into transferring €5-7 million. As a result, in June, Moroccan authorities arrested Franco-Moroccan suspect Badiss Mohamed Amide Bajjou in Tangier following an Interpol Red Notice, identifying him as a key organizer coordinating operations from outside France. Investigators believe a second Franco-Moroccan organizer remains at large, using social media to recruit young French nationals for execution roles. The criminal networks used sophisticated intelligence gathering, with victims apparently selected based on detailed knowledge of their crypto holdings and daily routines. Global Crypto Kidnapping Epidemic Spreads Beyond French Borders The violence extends across multiple continents, with Belgium sentencing three men to 12 years for kidnapping crypto investor Stephane Winkel’s wife in December 2024. The attackers were intercepted near Bruges after forcing her into a French-registered van, though the masterminds behind the operation remain unidentified. Similarly, Australian crypto billionaire Tim Heath narrowly escaped kidnapping in Estonia when attackers using GPS tracking devices attempted to transport him to a rented sauna house for forced cryptocurrency transfers. One attacker lost part of his finger when Heath fought back during the assault. Recent US cases include two NYPD officers placed on modified duty over alleged involvement in a 17-day crypto kidnapping and torture case involving an Italian national in Manhattan. Source: X/@TimMcNicholas Six men were also charged in connection with kidnapping four Chicago residents and forcing them to transfer $15 million in cryptocurrency. Due to the looming threat of theft cases, security firm Infinite Risks International reports a surge in demand for 24/7 protection services from crypto executives, with clients specifically citing fears of kidnapping and extortion. European authorities continue investigating what they describe as expanding networks behind targeted kidnappings, with Belgian police confirming ongoing investigations into broader criminal organizations. The post French Crypto Trader Kidnapped Near Paris, Released After Refusing €10K Ransom: Report appeared first on Cryptonews .

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OKX XPL Perpetual Futures: An Exciting New Trading Opportunity

BitcoinWorld OKX XPL Perpetual Futures: An Exciting New Trading Opportunity The cryptocurrency world is buzzing with a significant announcement: leading exchange OKX has confirmed it will list OKX XPL perpetual futures in its pre-market trading section. This exciting development is scheduled for today at 11:00 a.m. UTC, offering traders an early opportunity to engage with the XPL token’s future price action. This move by OKX underscores its commitment to providing diverse and innovative trading instruments to its global user base, creating new avenues for market participation. Understanding OKX XPL Perpetual Futures: What You Need to Know For those new to the concept, pre-market perpetual futures offer a unique way to trade assets before their official spot market listing. Essentially, you are trading a contract that derives its value from the expected future price of XPL. Unlike traditional futures, perpetual futures contracts have no expiry date, allowing traders to hold positions indefinitely as long as margin requirements are met. Moreover, pre-market trading means you can speculate on the XPL token’s price discovery phase, potentially capitalizing on early market sentiment. This innovative feature provides a distinct advantage for seasoned traders and early adopters. The listing of OKX XPL perpetual futures specifically targets the XPL ecosystem, which is gaining traction in the Web3 space. This early access mechanism allows market participants to gauge demand and supply dynamics, providing crucial insights even before the token is widely available. Therefore, understanding the mechanics of these futures is paramount for anyone looking to participate effectively. What Makes This Listing an Exciting Opportunity for Traders? The introduction of OKX XPL perpetual futures brings several compelling benefits to the trading community. Firstly, it offers unparalleled early access to price exposure for XPL. Traders can establish positions based on their predictions for XPL’s future value, potentially securing favorable entry or exit points. This can be particularly advantageous in volatile crypto markets where timing is often everything. Furthermore, these futures facilitate robust price discovery. As traders engage with the pre-market contracts, their collective actions help establish a preliminary valuation for XPL, influencing its eventual spot market price. This early liquidity can be a significant draw. Lastly, it provides advanced traders with sophisticated tools for hedging existing positions or speculating on market movements without directly holding the underlying asset. This flexibility is a hallmark of perpetual futures. Navigating the Opportunities and Risks with XPL Perpetual Futures While the opportunities are significant, traders must also be aware of the inherent risks associated with perpetual futures, especially in a pre-market environment. The volatility of newly listed or pre-market assets can be extremely high. Here are some key points to consider: Benefits: Early Price Exposure: Gain an advantage by trading XPL before its official spot listing. Enhanced Liquidity: Contribute to and benefit from early market liquidity for XPL. Hedging Potential: Advanced traders can use these futures to offset risks in other XPL-related investments. Leverage Options: OKX provides leverage, amplifying potential gains (and losses). Challenges: High Volatility: Pre-market assets can experience rapid and unpredictable price swings. Liquidation Risk: Leverage amplifies losses, leading to potential liquidation of positions if the market moves against you. Funding Rates: Perpetual futures involve funding rates that can either add to or subtract from your profits, depending on market conditions. Market Depth: Initial pre-market depth might be lower, affecting large orders. Therefore, a well-thought-out strategy and risk management plan are crucial when engaging with OKX XPL perpetual futures . Traders should always conduct thorough research and consider their risk tolerance before committing capital. How to Engage with OKX XPL Perpetual Futures Participating in the trading of OKX XPL perpetual futures is straightforward for existing OKX users. First, ensure your OKX account is verified and funded. Navigate to the futures or derivatives section of the OKX platform, where you will find the pre-market listing for XPL. Traders can then choose to go long (bet on price increase) or short (bet on price decrease) using various order types. OKX provides educational resources and guides to help users understand the intricacies of futures trading. It is highly recommended to familiarize yourself with these tools, especially regarding margin requirements, funding rates, and risk management features available on the platform. Responsible trading practices are always encouraged to maximize potential benefits and minimize exposure to risks. The Broader Impact of XPL Perpetual Futures The listing of OKX XPL perpetual futures is not just about individual trading opportunities; it also signals growing confidence in the XPL project and the broader Web3 ecosystem it represents. Such listings by major exchanges like OKX provide significant visibility and legitimacy to emerging tokens. This can attract more developers, users, and institutional interest to XPL, fostering its long-term growth and adoption. Moreover, the availability of perpetual futures contracts enhances the overall market infrastructure for XPL, making it a more accessible and versatile asset for a wider range of financial strategies. This move solidifies OKX’s position as a forward-thinking exchange, constantly innovating to meet the evolving demands of the cryptocurrency market. In conclusion, the listing of OKX XPL perpetual futures today at 11:00 a.m. UTC represents a significant milestone for both OKX and the XPL project. It opens up exciting new avenues for traders to engage with XPL, offering early price exposure and advanced trading tools. While opportunities abound, a cautious and informed approach, coupled with robust risk management, remains essential. This development truly highlights the dynamic and ever-expanding nature of the digital asset landscape. Frequently Asked Questions (FAQs) Here are some common questions regarding the OKX XPL perpetual futures listing: 1. What are OKX XPL perpetual futures? OKX XPL perpetual futures are trading contracts that allow you to speculate on the future price of the XPL token before its official spot market listing. Unlike traditional futures, they do not have an expiry date. 2. When will OKX XPL perpetual futures be listed? OKX will list XPL pre-market perpetual futures today, at 11:00 a.m. UTC. 3. What are the benefits of trading XPL pre-market perpetual futures? Benefits include early price exposure to XPL, enhanced liquidity, potential for price discovery, and advanced hedging opportunities for experienced traders. 4. Are there risks associated with trading these futures? Yes, significant risks include high volatility, especially in a pre-market environment, liquidation risk due to leverage, and the impact of funding rates. Always trade with a robust risk management strategy. 5. How can I trade XPL perpetual futures on OKX? You need a verified and funded OKX account. Navigate to the futures or derivatives section, locate the XPL pre-market listing, and place your desired buy or sell orders. Did you find this information on OKX XPL perpetual futures helpful? Share this article with your network on social media to keep fellow crypto enthusiasts informed about this exciting new trading opportunity! To learn more about the latest crypto market trends, explore our article on key developments shaping the crypto market price action. This post OKX XPL Perpetual Futures: An Exciting New Trading Opportunity first appeared on BitcoinWorld and is written by Editorial Team

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The Sandbox Founders Exit as Animoca Assumes Full Control in Major Overhaul

Metaverse platform The Sandbox is undergoing a transformation following the departure of its co-founders and a majority takeover by Animoca Brands. Key Takeaways: The Sandbox founders have exited operational roles as Animoca Brands takes full control. Over half of the company’s workforce has been laid off amid a major restructuring. Animoca may be positioning The Sandbox’s crypto treasury for a potential IPO in Hong Kong. According to a report by The Big Whale , co-founders Sébastien Borget and Arthur Madrid have stepped back from operational roles, with over half of the company’s workforce also let go. Robby Yung, CEO of Animoca Brands, has been appointed as the new CEO of The Sandbox. Borget Becomes Ambassador as Madrid Takes Non-Executive Role Borget remains involved as a public ambassador, while Madrid assumes a non-executive chairman position. “Sébastien and Arthur are stepping away from strategic operations and no longer hold executive powers,” a source reportedly told The Big Whale. Borget confirmed the change but said he continues to represent the brand globally. Behind the leadership shake-up is growing dissatisfaction with The Sandbox’s performance. Despite raising $300 million over the past eight years, the platform has failed to gain traction among users. Daily active usage reportedly numbers in the low hundreds, with many flagged as bots, particularly from South America. Its native token, SAND, has fallen more than 95% from its 2021 highs, with its market cap plummeting from $8 billion to around $700 million. Animoca has done many raises using convertible notes One of relevance to the recent news about Sandbox closing down In September 2022 – They raised $110m on a 3yr term due September 2025 Going to be interesting to see the moves Animoca make over coming weeks pic.twitter.com/uQzVqWS30f — 𝐁𝐋𝐎𝐗𝐗 (@metabloxx) August 28, 2025 The reorganization includes significant layoffs across multiple regions. Over 50% of the company’s 250 staff have been cut, with offices in Argentina, Uruguay, South Korea, Thailand, and Turkey closing. France’s Lyon office is also set to shut down, with additional job cuts expected in Paris. Officially, the company attributes the changes to a “strategic turnaround” enabled by more efficient development tools. However, sources suggest a deeper pivot is underway. Animoca Brands is reportedly preparing for a potential IPO in Hong Kong and sees The Sandbox’s crypto treasury, estimated between $100 million and $300 million, as a valuable asset for investor positioning. The Sandbox Shifts Focus Beyond Metaverse The Sandbox now appears to be refocusing beyond its original metaverse ambitions. According to insiders, the team is working on a memecoin launchpad on Base, inspired by Pump.fun, suggesting a move into broader Web3 territory. “The context has evolved and projects must adapt accordingly,” said one investor familiar with the situation. Borget added, “We’ve always maintained our focus on gaming, but we must consider market trends.” The changes also mark the end of a defining era in NFT gaming . The Sandbox once symbolized the metaverse boom, attracting brands and institutions between 2019 and 2022. Now, with its founders sidelined, workforce halved, and strategy redirected, the platform is being forced to reinvent itself. Earlier this week, blue-chip NFT collections like Pudgy Penguins, BAYC, and Doodles saw sharp weekly floor price drops following a pullback in Ether from its all-time high . While most collections suffered double-digit declines, CryptoPunks remained relatively stable, losing just 1.35%. Despite falling prices, trading volumes stayed high, with Pudgy Penguins and Moonbirds leading the market. The overall NFT market cap also dropped nearly 5% to $7.7 billion after peaking at $9.3 billion earlier in the month. The post The Sandbox Founders Exit as Animoca Assumes Full Control in Major Overhaul appeared first on Cryptonews .

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