Senate Banking Committee Chairman Tim Scott said he believes that 12 out of 18 Democrats will back the Digital Asset Market Clarity (CLARITY) Act during a major crypto symposium stateside on August 19. A Dozen Dems May Get Behind CLARITY Act, Tim Scott Says Speaking at the SALT Wyoming Blockchain Symposium 2025 on Tuesday, Scott revealed he predicts that a majority of Democrats will vote in favor of the key crypto legislation. Working with President Trump, Chairman @SECPaulSAtkins , @DavidSacks47 , and his colleagues in Congress, Chairman @SenatorTimScott is committed to delivering on their unified vision of American dominance as the crypto capital of the world. pic.twitter.com/B6y7AU1LBk — U.S. Senate Banking Committee GOP (@BankingGOP) August 19, 2025 “I believe that we’ll have at least 12 and 18 Democrats at least open to voting for market structure,” Scott said. “The forces against it, let me just say clearly, like Senator Elizabeth Warren, standing in the way of Democrats wanting to participate, it is a real force to overcome,” he added. Key Democrats Push Back On Crypto Legislation During a recent fireside chat with Subcommittee on Digital Assets Chair Cynthia Lummis (R-Wyo.) and Executive Director of the President’s Council of Advisers on Digital Assets Bo Hines, Scott announced that he was “making sure” the market structure legislation would be completed by September 30. Meanwhile, the GENIUS Act was officially ratified last month at a White House signing ceremony, where U.S. President Donald Trump praised the landmark stablecoin bill . “Let me say, the entire crypto community, for years you were mocked and dismissed and counted out,” the president said. “You were counted out as little as a year and a half ago—but this signing is a massive validation.” Key players in the Democratic Party, however, have pushed back against certain pieces of crypto legislation. In July, Representative Maxine Waters (D-CA) launched “Anti-Crypto Corruption Week,” where she called both the CLARITY and GENIUS Act “especially dangerous.” “The CLARITY and GENIUS bills wrap themselves in the flag of innovation, but all they really do is replicate the same mess that led to past financial crises: They call for few regulations, minimal enforcement, weak consumer protections, and more industry consolidation,” Waters said. The post 12 Out Of 18 Democrats May Back Market Structure Bill, Sen. Tim Scott Says appeared first on Cryptonews .
BitcoinWorld Radiant Capital Hacker’s Astounding Profit: Stolen Funds Nearly Double Through ETH Trades The crypto world is often full of surprises, but few are as unsettling as witnessing a cybercriminal not just get away with stolen funds, but actively grow them. This is precisely what the Radiant Capital hacker has achieved, turning an initial heist into a significantly larger fortune through clever cryptocurrency trading. How the Radiant Capital Hacker Amplified Their Gains It’s an alarming development reported by on-chain analyst @EmberCN on X: the individual responsible for the Radiant Capital (RDNT) exploit has managed to nearly double their ill-gotten gains. This isn’t just about holding onto stolen assets; it involves active, strategic trading. Here’s a breakdown of their audacious moves: Initial Sale: About a week ago, the Radiant Capital hacker sold a substantial 9,631 Ethereum (ETH) at an average price of $4,562. This transaction converted their ETH holdings into a massive 43.93 million DAI, a stablecoin. Strategic Repurchase: As ETH prices experienced a pullback, the hacker seized the opportunity. They repurchased 2,109.5 ETH at a lower average price of $4,096, spending 8.64 million DAI. This move allowed them to acquire more ETH for less capital. This calculated maneuver demonstrates a keen understanding of market dynamics, enabling the Radiant Capital hacker to capitalize on price fluctuations. Understanding the Hacker’s Ethereum Trading Strategy The hacker’s strategy was straightforward yet effective: sell high, buy low. This classic trading principle, when applied to a large sum of stolen funds, allowed for significant profit amplification. By converting ETH to DAI when ETH was at a higher valuation and then buying back when the price dipped, they effectively increased their ETH holdings and overall portfolio value. Currently, the Radiant Capital hacker holds a staggering 14,436 ETH and 35.29 million DAI. The combined value of these assets stands at an astounding $94.63 million. This represents a substantial $41.63 million increase from the original $53 million stolen during the exploit last year. Such a profit margin is a stark reminder of the challenges in recovering funds once they fall into the wrong hands, especially when those hands are adept at market manipulation. The Unsettling Reality of the Radiant Capital Hacker’s Success The success of the Radiant Capital hacker in growing their illicit fortune sends a troubling message across the decentralized finance (DeFi) landscape. It highlights not only the vulnerabilities within protocols but also the difficulty in tracing and freezing funds once they are actively traded across different assets. While on-chain analysis can track these movements, actual recovery remains a formidable challenge. This incident underscores the critical need for enhanced security measures within DeFi projects and more robust collaboration among exchanges and law enforcement agencies to prevent such financial gains from criminal activities. The ability of the Radiant Capital hacker to operate with such impunity, even turning a profit, emphasizes the ongoing cat-and-mouse game between cybercriminals and the crypto community. In conclusion, the journey of the funds stolen from Radiant Capital, from an initial hack to a nearly doubled fortune through strategic ETH trading, is a sobering tale. It serves as a potent reminder of the sophistication of some cybercriminals and the persistent challenges faced by the blockchain ecosystem in safeguarding assets and ensuring justice. As the crypto space evolves, so too must its defenses against such illicit activities. Frequently Asked Questions (FAQs) What happened in the Radiant Capital hack? The Radiant Capital protocol experienced an exploit last year, resulting in approximately $53 million worth of cryptocurrency being stolen by a hacker. The details of the exploit typically involve vulnerabilities in the protocol’s smart contracts. How did the Radiant Capital hacker increase their stolen funds? The hacker strategically traded Ethereum (ETH). They initially sold a large amount of ETH for DAI (a stablecoin) when ETH prices were high. Later, when ETH prices pulled back, they used some of the DAI to repurchase more ETH at a lower price, effectively increasing their total crypto holdings and overall portfolio value. What is the current value of the funds held by the Radiant Capital hacker? According to on-chain analysis, the hacker now holds assets valued at approximately $94.63 million, which includes 14,436 ETH and 35.29 million DAI. This marks a $41.63 million increase from the original stolen amount. Does this incident pose a risk to other DeFi projects? While this specific incident targets Radiant Capital, the hacker’s ability to profit from stolen funds highlights broader security challenges in the DeFi space. It emphasizes the need for continuous security audits, robust smart contract design, and proactive monitoring to prevent similar exploits and subsequent illicit gains. Did you find this analysis insightful? Share this article with your network to spread awareness about the evolving tactics of cybercriminals in the crypto space and the ongoing challenges in DeFi security! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Radiant Capital Hacker’s Astounding Profit: Stolen Funds Nearly Double Through ETH Trades first appeared on BitcoinWorld and is written by Editorial Team
BitcoinWorld Puffer Finance Hack: Urgent Warning Issued After Website Compromise The cryptocurrency world often moves at lightning speed, but sometimes, that speed comes with unexpected turns. A recent development has sent ripples through the liquidity restaking community: an urgent alert regarding a potential Puffer Finance hack . This incident underscores the ever-present need for vigilance in the digital asset space. Puffer Finance Hack: An Urgent Security Alert Leading blockchain security firm PeckShield recently issued a critical report on X, bringing to light a concerning security incident. According to their findings, the official website and several social media channels associated with Puffer Finance (PUFFER), a prominent liquidity restaking platform, have been compromised. This Puffer Finance hack immediately triggered alarms across the crypto community, prompting users and stakeholders to exercise extreme caution. Puffer Finance operates as a significant player in the liquid restaking domain, allowing users to earn rewards by restaking their ETH. Therefore, any security breach affecting its core channels demands immediate attention. The nature of the compromise, spanning both its website and social media, suggests a sophisticated attack aimed at potentially distributing misinformation or malicious links. What Does a Compromised Platform Mean for Users? When a platform like Puffer Finance faces a security compromise, the immediate concern shifts to user safety. A hacked website could potentially redirect users to phishing sites, designed to steal credentials or private keys. Similarly, compromised social media accounts can be used to spread fake announcements, fraudulent giveaways, or direct users to malicious smart contracts. Users must remain incredibly skeptical of any communication originating from Puffer Finance’s official channels until the platform officially confirms the resolution of the Puffer Finance hack . Always cross-verify information through multiple, trusted sources, and avoid clicking on suspicious links. PeckShield’s Role in Uncovering the Puffer Finance Hack PeckShield’s swift identification and public disclosure of this incident highlight the vital role security firms play in the decentralized ecosystem. Their proactive monitoring and reporting help protect countless users from potential harm. This timely alert about the Puffer Finance hack enabled the community to react quickly, potentially mitigating broader damages. Such rapid responses from security experts are crucial in an environment where exploits can propagate rapidly. It emphasizes the collaborative effort required between platforms, users, and security auditors to maintain a secure digital landscape. Protecting Yourself in the Wake of a Crypto Security Breach While the Puffer Finance team works to regain control and secure its channels, individual users must take proactive steps to protect their assets and information. Here are some actionable insights: Verify Information: Always confirm news from multiple, reputable sources, not just a single social media post. Avoid Suspicious Links: Do not click on any links shared from potentially compromised accounts or websites until official confirmation of safety. Enable Two-Factor Authentication (2FA): Ensure 2FA is active on all your crypto-related accounts and exchanges. Use Strong, Unique Passcodes: Never reuse passwords across different platforms. Be Wary of DM Scams: Attackers often use direct messages to target users with phishing attempts. These precautions are not just for the current Puffer Finance hack but are essential for general crypto security hygiene. The Broader Impact of the Puffer Finance Hack on Restaking Incidents like the Puffer Finance hack, even if limited to website and social media compromises, can impact trust within the burgeoning liquid restaking sector. As more users flock to DeFi opportunities, the robustness of security measures becomes paramount. Platforms must prioritize comprehensive security audits and incident response plans to maintain user confidence and foster long-term growth. This event serves as a stark reminder that even established projects can become targets. The industry must continuously evolve its security protocols to stay ahead of sophisticated threats, ensuring a safer environment for innovation. In conclusion, the reported Puffer Finance hack is a significant event that calls for immediate attention from the community. While the full extent and implications are still unfolding, the swift action by PeckShield and the subsequent awareness generated are crucial. This incident reinforces the fundamental principle of “not your keys, not your crypto” and the need for constant vigilance. Stay informed, stay secure, and always prioritize your digital safety in the dynamic world of decentralized finance. Frequently Asked Questions (FAQs) What exactly was compromised in the Puffer Finance hack? The security firm PeckShield reported that the official website and social media channels of Puffer Finance were compromised. This means hackers gained unauthorized access to these platforms. Is my Puffer Finance (PUFFER) crypto at risk? The report specifically mentions the website and social media channels were compromised, not necessarily the core protocol or user funds directly. However, compromised channels can be used for phishing or spreading malicious links that could put your assets at risk if you interact with them. Always exercise extreme caution. What should I do if I use Puffer Finance? Avoid clicking on any suspicious links from Puffer Finance’s website or social media. Verify all information through independent, trusted sources. Ensure you have strong security practices, including 2FA, on any linked accounts or exchanges. Who reported the Puffer Finance hack? Leading blockchain security firm PeckShield reported the compromise on their official X (formerly Twitter) account. How can I stay updated on the Puffer Finance hack? Monitor official announcements from Puffer Finance via secure, verified channels (if available and trusted), and follow reputable crypto news outlets and security firms like PeckShield for updates. Did you find this article helpful in understanding the recent Puffer Finance hack and how to protect yourself? Share this crucial information with your friends and fellow crypto enthusiasts on social media to help raise awareness and ensure everyone stays safe! To learn more about the latest crypto security trends, explore our article on key developments shaping blockchain security practices and institutional adoption. This post Puffer Finance Hack: Urgent Warning Issued After Website Compromise first appeared on BitcoinWorld and is written by Editorial Team
COINOTAG News reported on August 20 that on-chain analyst AI Auntie (ai_9684xtpa) observed an institutional ETH sale of 4,000 ETH over the prior 12 hours, valued at approximately $16.65 million
Google backs a Bitcoin miner, Chamath launches a new crypto SPAC, and firms double their holdings in six months.
A recent market study suggests that XRP may be preparing for a significant upward move, potentially reaching $28 by September 2025. The projection, made by analyst EGRAG, is based on recurring price structures observed on XRP’s long-term charts. The forecast comes amid XRP’s attempt to hold above $3 after a period of volatility. Following a high of $3.35 on August 14, the asset declined under persistent selling pressure and slipped below the $3 threshold on August 18. Despite this setback, EGRAG’s research indicates that XRP is currently repeating a historical cycle that has previously preceded major rallies. Historical Chart Patterns According to EGRAG’s analysis, XRP has historically displayed a recurring sequence whenever it reenters a multi-year ascending channel. In this setup, the asset typically experiences two major rallies. The first produces an initial top, followed by a consolidation phase, and then a second, often higher, peak. #XRP – The Chart Doesn’t Lie! The chart is speaking volumes, and a 777% surge is all we need to ignite this journey! What we’re witnessing now is just the beginning of something much bigger. A Call to Action : Hey, @bgarlinghouse , what’s holding you back from sharing… pic.twitter.com/gEm5HG9uJz — EGRAG CRYPTO (@egragcrypto) August 10, 2025 This cycle was first recorded in 2017 . XRP rose from a trading range of $0.0490–$0.0690 within the ascending channel and advanced to a high of $0.3988 in May 2017. After six months of consolidation, it surged again to a new peak of $3.30 in early 2018. The period between the two tops lasted 245 days, or eight monthly candles. The same pattern reappeared in 2020. After returning to the ascending channel in November 2020, XRP climbed to $0.79 before consolidating. It then rallied to $1.96 in April 2021. In this case, the interval between the first and second highs was 151 days, equal to five monthly candles. Current Cycle and Outlook EGRAG argues that the same structure is now unfolding. XRP revisited the ascending channel during April to November 2024, when prices declined to around $0.50. A strong recovery followed the U.S. elections , pushing the asset to $3.40 in January 2025, which represented the first top of the cycle. Since then, XRP has corrected to the $2 range and spent six months consolidating before recently regaining levels above $3. If the current path continues to mirror the 2017 sequence, the second top is expected to occur in September 2025, 243 days, or eight monthly candles, from the first peak at $3.40. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Based on this projection, EGRAG estimates that XRP could increase by as much as 777% from its consolidation levels, setting a potential target of $28.16. This outlook aligns with a separate forecast from analyst CrediBULL, who argued that XRP is advancing in a formation similar to Bitcoin’s Elliott Wave cycles, which could also support a move toward $28. Community Developments EGRAG’s analysis comes shortly after Ripple and the U.S. Securities and Exchange Commission jointly agreed to end their prolonged legal dispute by withdrawing their appeals. However, Ripple CEO Brad Garlinghouse has not publicly addressed the settlement, raising speculation among community members about the implications of his silence. While no outcome is guaranteed, the chart-based analysis highlights that XRP may be repeating a well-documented cycle that has historically led to substantial gains. If this trend holds, September 2025 could mark the next significant price peak for the asset, with projections ranging toward $28. 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 Analyst Spots XRP Historical Data That Shows Looming 777% Price Pump appeared first on Times Tabloid .
BitMine, a publicly traded company renowned for its bold treasury strategy, has officially become the second-largest crypto treasury company in the world. The firm now holds more than $6.6 billion worth of Ethereum (ETH), totaling 1.52 million tokens — a staggering 1.26% of the total ETH supply. This milestone underscores BitMine’s aggressive accumulation strategy, which has set it apart from other institutions and corporate treasuries in the crypto space. What makes this move even more significant is BitMine’s long-term vision: the company has set a target of holding 5% of Ethereum’s total supply, meaning they are already 25% of the way toward their ambitious goal. The announcement sends a strong signal to markets and institutional investors. Ethereum’s growing role as both a financial and technological backbone of Web3 is attracting corporations to treat ETH not just as an asset, but as a strategic reserve. BitMine’s approach mirrors the conviction once seen in Bitcoin-focused treasury strategies , but it places Ethereum front and center in the evolving digital asset economy. BitMine Becomes The Leading Ethereum Treasury BitMine has cemented its position as the largest Ethereum treasury in the world, now holding over $6.6 billion worth of ETH, up from $4.9 billion just last week. This rapid increase highlights the company’s aggressive accumulation strategy and its conviction in Ethereum’s long-term value. The treasury currently accounts for 1.52 million ETH, making BitMine the undisputed leader in Ethereum corporate holdings. Globally, BitMine now ranks as the second crypto treasury company overall, second only to Michael Saylor’s Strategy, which dominates Bitcoin holdings. This milestone underscores the shifting landscape of institutional crypto adoption, where Ethereum is increasingly being recognized as more than just the leading smart contract platform — it is becoming a core reserve asset. Notably, BitMine now holds more ETH than Sharplink Gaming, The Ether Machine, and The Ethereum Foundation combined. This marks a turning point in the treasury race, where corporations are no longer competing on Bitcoin alone but are diversifying into Ethereum at unprecedented levels. This growing trend is likely to continue as ETH gains momentum, supported by strong institutional demand, ETF inflows, and broader adoption across decentralized finance and real-world asset tokenization. Analysts believe that if BitMine maintains its current pace, its treasury strategy could reshape how companies manage long-term reserves in the digital economy. ETH Facing Critical Test Ethereum is currently trading near $4,310 after a sharp retrace from its recent peak above $4,790. The chart highlights that ETH has entered a consolidation phase after weeks of strong bullish momentum, with price now testing key support levels. The 50-day moving average is trending upward and currently sits near $3,560, well below current price levels, signaling that the broader bullish structure remains intact. Meanwhile, the 100-day and 200-day moving averages at $3,048 and $2,575, respectively, also confirm strong long-term support. This alignment suggests that despite the pullback, Ethereum’s broader trend is still positioned for growth. If ETH manages to hold this level, a rebound back toward resistance at $4,600–$4,800 is likely in the short term. However, a breakdown below support could open the door for a deeper retrace toward $3,800. The coming sessions will be key to determining direction. Featured image from Dall-E, chart from TradingView
BitcoinWorld Essential Update: Binance Implements VIC Suspension for Viction Network Upgrade Essential Update: Get ready for an important change on Binance! The popular crypto exchange has announced a temporary Binance VIC suspension for deposits and withdrawals of tokens on the Viction (VIC) network. This crucial move, starting at 01:00 UTC on August 21, aims to support Viction’s upcoming network upgrade and hard fork. Staying informed about such developments is vital for every crypto enthusiast. Understanding the Binance VIC Suspension : What You Need to Know Binance’s decision to implement a Binance VIC suspension is a standard, proactive procedure when a blockchain network undergoes significant changes. Network upgrades and hard forks are vital events that enhance a blockchain’s performance, security, and functionality. For the Viction network, this specific upgrade signifies a crucial step towards a more robust and efficient ecosystem. When: The suspension begins promptly at 01:00 UTC on August 21. Why: It facilitates a smooth transition for the Viction network’s upgrade and hard fork. What it affects: Both deposits and withdrawals of VIC-based tokens. Users holding VIC tokens on Binance should be aware of this precise timeframe. Therefore, planning any transactions involving VIC before the specified time is highly advisable to avoid any inconvenience. Why Are Network Upgrades Like Viction’s Important? Blockchain networks, much like any advanced software, require regular updates to remain competitive, secure, and efficient. The Viction network upgrade, directly supported by the Binance VIC suspension , aims to introduce significant improvements that could encompass several key areas: Enhanced Security: Developers patch vulnerabilities and strengthen the network’s overall defense mechanisms against potential threats. Improved Scalability: The upgrade can increase transaction processing capacity, allowing the network to handle more users and activities simultaneously. New Features: It might introduce innovative functionalities or optimize existing ones, expanding the network’s utility. Better Efficiency: Upgrades often lead to reduced transaction fees or faster confirmation times, improving the user experience. These upgrades are absolutely critical for the long-term health, adoption, and innovation of any decentralized network. Binance plays a pivotal role in supporting these transitions, ensuring user assets remain safe and accessible during the process. Navigating the Binance VIC Suspension : What Should Users Do? For users, understanding the immediate implications of the Binance VIC suspension is key. While your VIC tokens held on Binance remain secure, you will not be able to move them during the specific suspension period. Here are some actionable insights to help you navigate this temporary change: Plan Ahead: If you anticipate needing to deposit or withdraw VIC tokens, complete these transactions well before 01:00 UTC on August 21. Stay Informed: Diligently keep an eye on official Binance announcements for precise updates regarding the resumption of services. Binance typically provides ample notice once the upgrade is successfully completed. Avoid Unnecessary Transactions: Refrain from attempting deposits or withdrawals during the suspension window to prevent potential loss or delays of your assets. Binance’s commitment to supporting network upgrades demonstrates its dedication to the broader crypto ecosystem’s health and its users’ safety. This temporary pause is a small price to pay for a more robust and ultimately, a more efficient Viction network. What Happens After the Binance VIC Suspension Concludes? Once the Viction network upgrade and hard fork are successfully completed and deemed stable, Binance will conduct a thorough assessment of the network’s performance. Upon confirmation of a smooth and secure transition, the exchange will promptly resume deposits and withdrawals of VIC-based tokens. Importantly, users do not need to take any specific action to receive new tokens if the hard fork results in a token swap; Binance handles this process automatically and seamlessly on your behalf. This proactive and user-centric approach by Binance minimizes risks for its users, ensuring that the transition is as seamless and worry-free as possible. The overarching aim is always to provide a secure and reliable trading environment, even amidst significant and necessary network changes. In conclusion, the temporary Binance VIC suspension for deposits and withdrawals is a necessary and strategic step to support the Viction network’s crucial upgrade and hard fork. This proactive measure ensures the security and integrity of user assets while contributing significantly to the long-term health, stability, and innovation of the Viction ecosystem. Therefore, stay updated with official Binance channels for the latest information regarding the exact resumption of services. Frequently Asked Questions (FAQs) Q1: What is the reason for the Binance VIC suspension? A1: Binance is temporarily suspending VIC deposits and withdrawals to support the Viction network’s upcoming upgrade and hard fork, ensuring a smooth and secure transition. Q2: When will Binance resume VIC deposits and withdrawals? A2: Binance will resume deposits and withdrawals once the Viction network upgrade is successfully completed and the network’s stability is confirmed. They will make a separate announcement. Q3: Do I need to do anything with my VIC tokens during the suspension? A3: No, your VIC tokens held on Binance remain safe. However, you will not be able to deposit or withdraw them during the suspension period. Plan any transactions before August 21, 01:00 UTC. Q4: What is a network upgrade and hard fork? A4: A network upgrade is an update to a blockchain’s software to improve its features, security, or efficiency. A hard fork is a permanent divergence from the previous version of the blockchain, requiring all participants to upgrade their software. Q5: Will my VIC tokens be safe during this period? A5: Yes, Binance assures that your VIC tokens held on the exchange will remain secure throughout the suspension period. They manage the technical aspects of the upgrade on your behalf. Did you find this update helpful? Share this article with your fellow crypto enthusiasts on social media to keep everyone informed about the crucial Binance VIC suspension and Viction network upgrade! To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain technology institutional adoption. This post Essential Update: Binance Implements VIC Suspension for Viction Network Upgrade first appeared on BitcoinWorld and is written by Editorial Team
Chainlink (LINK) has surged nearly 15% in the past week, breaking through a long-standing resistance zone between $25 and $26. Related Reading: Bitcoin Poised For 10x Surge? Analyst Points To Gold’s Playbook At the time of writing, LINK trades around $24.2, marking its highest level in seven months. The move came with strong trading volume, confirming a bullish breakout above the 200-day moving average. Whale accumulation has played a pivotal role in fueling the rally. On-chain data reveals that large holders scooped up 1.1 million LINK, valued at approximately $27 million, mover the past seven days. The top 100 wallets also increased their holdings by more than 12%, signaling renewed confidence from institutional and high-net-worth investors. LINK Wallet Growth Hits 2025 Highs Beyond whale activity, organic network growth has also surged. Analytics firm Santiment reported that nearly 9,600 new LINK wallets were created in mid-August, while daily transfers from active addresses exceeded 9,800, both setting records for 2025. Wallet creation and transaction spikes are widely viewed as indicators of healthy adoption. For Chainlink, these metrics suggest that both retail and institutional demand are rising in tandem, potentially supporting more sustainable price growth. The renewed activity also coincides with the launch of the Chainlink Reserve, a smart contract treasury absorbing tokens from enterprise integrations, which adds deflationary pressure on circulating supply. LINK's price trends to the downside on the daily chart. Source: LINKUSD on Tradingview RWA Growth and $30 Target Chainlink in Focus Chainlink (LINK)’s expanding footprint in the real-world asset (RWA) sector is further driving optimism. The project recently introduced new ETF and equities data feeds, strengthening its narrative as a bridge between traditional finance and blockchain. Partnerships with giants like Intercontinental Exchange and SWIFT continue to reinforce its institutional relevance. Analysts now see $29–$30 as the next major resistance zone. A retest of $20 remains possible if sentiment weakens, but bullish traders argue the momentum is unlikely to fade quickly. Some forecasts even extend mid-term targets to $33–$38, with long-term projections stretching toward $57 and beyond if adoption accelerates. Related Reading: Crypto Braces For Impact As JPow’s Jackson Hole Speech Looms As Chainlink cements itself as the leading oracle provider and expands its role in tokenized markets, investors are asking the key question: Is $30 just the beginning of LINK’s next major bull run? Cover image from ChatGPT, LINKUSD chart from Tradingview
BitcoinWorld Bithumb BERA Suspension: Crucial Upgrade Halts Deposits & Withdrawals on September 3 Big news for Berachain (BERA) holders! South Korean crypto exchange Bithumb recently announced a temporary halt to Berachain (BERA) token deposits and withdrawals. This significant Bithumb BERA suspension is set to begin promptly at 09:00 UTC on September 3. It’s a move made in full support of an upcoming, crucial network upgrade for Berachain. For any crypto user, staying updated on such announcements is absolutely vital to manage your assets effectively. What Does the Bithumb BERA Suspension Mean for You? When an exchange announces a suspension of deposits and withdrawals, it means you cannot move your tokens onto or off the platform during that specified period. For BERA holders on Bithumb, this translates to a temporary inability to send your BERA tokens to external wallets or deposit new BERA tokens into your Bithumb account. It is important to understand that this is a temporary measure, not a delisting, and it is a common practice in the crypto world. While deposits and withdrawals will pause, trading of BERA tokens on Bithumb might continue as usual. However, users should always verify the latest information directly from Bithumb’s official channels. Planning any BERA transfers well in advance of the September 3 deadline is a smart move to avoid any inconvenience. Why is Bithumb Implementing This BERA Suspension ? The primary reason behind Bithumb’s decision to implement the BERA suspension is to fully support the upcoming Berachain network upgrade. Blockchain network upgrades are essential for the long-term health and functionality of any cryptocurrency. Think of it like a major software update for your computer or smartphone – it’s designed to bring significant improvements. These upgrades often aim to enhance various aspects of the network, including: Security: Strengthening the network against potential threats. Scalability: Increasing the network’s capacity to handle more transactions efficiently. Efficiency: Reducing transaction times and costs. New Features: Introducing innovative functionalities or protocols. By suspending deposit and withdrawal services, Bithumb ensures that all user assets are secure during the upgrade process and that the exchange can seamlessly integrate with the upgraded network. This proactive approach helps prevent potential issues like lost transactions or discrepancies that could arise during a network transition. Preparing for the Bithumb BERA Suspension : Essential Steps Being prepared for a temporary service suspension on a crypto exchange is crucial for managing your digital assets effectively. Here are some actionable steps you should consider taking before the September 3 deadline: Timely Transfers: If you need to deposit or withdraw your BERA tokens, make sure to complete these transactions well before 09:00 UTC on September 3. Do not wait until the last minute. Stay Informed: Always monitor Bithumb’s official website and announcement channels for the latest updates regarding the suspension and its estimated duration. Exchanges typically provide clear timelines for when services will resume. Avoid Transactions: Do not attempt to deposit or withdraw BERA tokens during the suspension period. Any transactions initiated during this time could be lost or permanently unrecoverable, leading to potential financial losses. Verify Information: Be wary of unofficial sources or rumors. Always cross-reference information with Bithumb’s official announcements to ensure accuracy. Proactive planning will help ensure a smooth experience during this temporary service interruption. Understanding Berachain (BERA) and Its Network’s Significance Berachain (BERA) is an exciting new player in the blockchain space. It is an EVM-compatible blockchain, meaning it can run applications built for Ethereum, but it’s built on the Cosmos SDK, offering unique interoperability features. Berachain distinguishes itself with its innovative Proof-of-Liquidity (PoL) consensus mechanism, aiming to align network security with protocol-owned liquidity. The project is specifically designed to enhance the DeFi ecosystem, focusing on solving issues like liquidity fragmentation and improving capital efficiency. For a network with such ambitious goals, regular upgrades are not just beneficial; they are absolutely vital. These enhancements ensure the network remains robust, secure, and capable of supporting its growing ecosystem and user base. The health and performance of the Berachain network directly impact the value and utility of the BERA token. The temporary Bithumb BERA suspension for deposits and withdrawals, while an inconvenience, is a necessary step to ensure the long-term stability and security of the Berachain network. Such actions are standard practice within the cryptocurrency industry, reflecting a commitment to maintaining a robust and reliable trading environment. By staying informed and taking the necessary precautions, users can navigate this period smoothly. Always prioritize official announcements and plan your transactions accordingly to safeguard your digital assets. Frequently Asked Questions (FAQs) When exactly will the Bithumb BERA suspension occur? The suspension of Berachain (BERA) deposits and withdrawals on Bithumb will begin at 09:00 UTC on September 3. Why is Bithumb suspending BERA deposits and withdrawals? Bithumb is implementing the BERA suspension to support an upcoming network upgrade for Berachain, ensuring the security and stability of the tokens during the transition. Can I still trade BERA on Bithumb during the suspension? While deposits and withdrawals are suspended, trading of BERA tokens on Bithumb may continue. However, users should always verify the latest information directly from Bithumb’s official announcements. What should I do if I need to move my BERA tokens? If you need to deposit or withdraw BERA, you must complete these transactions before 09:00 UTC on September 3. Avoid attempting any transactions during the suspension period. What is Berachain (BERA)? Berachain (BERA) is an EVM-compatible blockchain built on the Cosmos SDK, utilizing a Proof-of-Liquidity (PoL) consensus mechanism. It focuses on enhancing the DeFi ecosystem and improving liquidity. Did you find this article helpful? Share it with your friends and fellow crypto enthusiasts on social media to keep everyone informed about the latest developments in the digital asset space! To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrencies institutional adoption. This post Bithumb BERA Suspension: Crucial Upgrade Halts Deposits & Withdrawals on September 3 first appeared on BitcoinWorld and is written by Editorial Team