The post Binance Coin (BNB) Price Enters Price Discovery Mode After $804 Breakout—Is $1,200 Next? appeared first on Coinpedia Fintech News Binance Coin (BNB) price has officially entered uncharted territory after smashing through its previous all-time high (ATH) and hitting $804. As one of the most prominent altcoins in the crypto space, this breakout has attracted massive interest from traders and analysts alike. Now, with bullish momentum accelerating, all eyes are on the next key levels—namely $950, $1,000, and $1,200, as suggested by various technical indicators. BNB Price Analysis: Breaking the $804 Barrier BNB’s breakout above its 2021 ATH at ~$690 marks a major technical milestone. The rally has been supported by increasing volume and momentum indicators that continue to trend higher. As the coin moves into price discovery mode, traders are turning to Fibonacci extensions and trend-based models to forecast potential upside targets. The surge to $804 occurred after a clear breakout from an ascending triangle, a bullish continuation pattern that typically signals further gains. The triangle breakout measured move suggests a price target near $1,000, aligning with psychological resistance and Fibonacci projections. However, the RSI is incremental, which is yet to enter the overbought zone, suggesting the price is due for another breakout soon. Technical Indicators Supporting BNB’s Rally Fibonacci Extension Levels Drawing from the swing low at ~$180 (June 2022) to the $690 high: 0.618 Fib Extension = $804 (already tested and briefly breached) 1.0 Extension = $950 (next short-term target) 1.618 Extension = $1,200 (longer-term, overbought rally target) These Fibonacci zones are common profit-taking areas during extended bull runs and act as soft resistance. Relative Strength Index (RSI) Current RSI is above 80, indicating an overbought zone. However, during parabolic rallies, RSI can remain overbought for weeks before any correction. No signs of divergence yet—momentum remains intact. MACD (Moving Average Convergence Divergence) Strong bullish crossover with expanding histogram. MACD line well above the signal line—classic sign of strength. Supports continued upward movement with minimal short-term bearish pressure. Volume & Order Flow Breakouts above $700 and $800 have been supported by above-average volume. Order books across exchanges show thinning resistance until the $950–$1,000 zone. BNB Price Targets: What’s Next? Target Level Indicator Basis Probability $950 1.0 Fib Extension High—short-term target $1,000 Psychological Resistance High—could trigger profit booking $1,080 Bull flag breakout target Medium—next in rally continuation $1,200 1.618 Fib Extension Moderate—long-term bullish target
The post BNB Price Hits New ATH – Is $860 the Next Target? appeared first on Coinpedia Fintech News Binance Coin is once again capturing headlines as it makes a dramatic ascent, to claim a new all-time high before. As of now, BNB price is trading at $799.56, still marking a 6.31% gain over the past 24 hours and 16.15% over the last week. With a market cap of $111.36 billion and 24-hour trading volume jumping to $3.25 billion, BNB has reclaimed its 5th position from Solana. Much of this bullish action can be traced to a $90 million OTC acquisition by Nano Labs, which bought BNB at an average price of $707. Adding to the bullish narrative, BNB Chain recently processed over $14 billion in daily decentralized exchange (DEX) volume, outstripping both Ethereum and Solana. BNB Price Analysis: BNB price surged to a new all-time high of $804.17 earlier today, briefly breaking past its 2021 highs before retreating modestly. It now trades at $799.65, just 0.58% below the ATH. Over the past 24 hours, BNB has fluctuated between a low of $750.56 and a high of $800.50, signaling strong bullish conviction near resistance. The 4-hour chart reveals a well-structured uptrend, supported by a clean bounce off the $751.95 breakout level, which now acts as solid support. The price remains firmly above the 20-period EMA, and buyers are pushing candles to the upper Bollinger Band. With RSI hovering around 69, BNB isn’t yet overbought, leaving room for further upside. Above, $820.63 and $860.22 stand out as the next resistance targets. If BNB can close above $804, bulls may push the BNB price toward the $850 psychological mark in the short term. However, on the downside, $750 remains a key support level, reinforced by recent consolidation and EMA alignment. A break below that could expose BNB to deeper support near $734.28. Following which we have major ground at $684.37. FAQs Why is BNB price rising so sharply now? A mix of institutional buying, ATH breakout attempts, and strong BNB Chain usage is driving the rally. Is BNB still a good buy after nearing ATH? While near-term pullbacks are possible, strong fundamentals suggest continued upside over time. What level should traders watch next? Key resistance lies at $804 (ATH), with upside potential toward $850, support sits at $750.
BitcoinWorld Unveiling the Mystery: A Colossal Bitcoin Whale Awakens After Years of Dormancy The cryptocurrency world is abuzz with a development that has sent ripples across the market: a long-dormant Bitcoin whale has sprung to life, executing a colossal transfer of funds that demands attention. Imagine a slumbering giant, holding immense wealth, suddenly stirring after years of silence. This isn’t just a fantasy; it’s the reality unfolding in the digital realm of Bitcoin. According to on-chain analytics firm Lookonchain, citing data from Arkham, a staggering 10,606 BTC, valued at approximately $1.26 billion, has been moved. What makes this transfer particularly noteworthy is its origin: three distinct wallets that had remained untouched for a period ranging from three to five years. These wallets, strongly suspected to be under the control of a single, highly strategic Bitcoin whale , all received their substantial Bitcoin holdings on December 13, 2020. At that time, the price of Bitcoin was a mere $18,807, painting a vivid picture of the immense profits now realized or reallocated by this mysterious entity. What Does a Bitcoin Whale’s Awakening Signify for the Market? The sudden activity of a long-dormant Bitcoin whale often triggers a wave of speculation and analysis within the crypto community. Such large movements can be interpreted in several ways, each with distinct implications for market dynamics and investor sentiment. Profit Realization: Given the substantial increase in Bitcoin’s price since December 2020, the most straightforward interpretation is that the whale is realizing significant profits. Moving funds to an exchange could indicate an intent to sell, potentially adding selling pressure to the market. Strategic Reallocation: Alternatively, the movement might not be for selling but for reallocating assets. This could involve moving funds to a different, more secure cold storage solution, preparing for an Over-The-Counter (OTC) deal with an institutional buyer, or even preparing to participate in new decentralized finance (DeFi) protocols or staking opportunities. Market Signal: Regardless of the intent, such a large, unexpected move by a long-term holder can act as a psychological trigger. Some investors might view it as a bearish signal, fearing a dump, while others might see it as a sign of smart money positioning for future growth, especially if the funds are moving to a new, secure address rather than directly to an exchange. Consider the sheer scale: the Bitcoin acquired at $18,807 is now worth many times that amount. This means the whale has held through significant market cycles, including the 2021 bull run and the subsequent bear market. Their timing now, after years of patience, is what truly captures the market’s imagination. Tracing the Journey: How Did This Bitcoin Whale Accumulate? The journey of this particular Bitcoin whale began on December 13, 2020, a pivotal moment in Bitcoin’s history. This period marked the early stages of what would become a historic bull run, propelling Bitcoin to new all-time highs in 2021. The decision to acquire such a large sum at that specific time highlights either incredible foresight or a deep conviction in Bitcoin’s long-term value. The fact that the BTC was spread across three wallets, yet likely controlled by a single entity, suggests a sophisticated approach to asset management. This could be for security reasons, to diversify risk, or to prepare for different operational needs. Understanding the accumulation phase is crucial to interpreting the current move. This wasn’t a quick flip; it was a long-term holding strategy that has now culminated in a significant action. Let’s look at Bitcoin’s price journey since this whale’s initial acquisition: Date BTC Price (Approx.) Significance Dec 13, 2020 $18,807 Whale’s acquisition price April 2021 $64,000 First major ATH after acquisition Nov 2021 $69,000 All-time high (ATH) Mid-2022 $15,000 – $20,000 Bear market lows Current (Approx.) $70,000 – $73,000 Recent recovery / new ATHs This table illustrates the incredible volatility and growth the whale has weathered, underscoring the strategic nature of their recent move. Holding through a nearly 4x increase, a subsequent crash, and then another significant recovery requires immense patience and conviction. The Impact of Bitcoin Whale Movements: What Should Investors Watch For? The movements of large holders, or Bitcoin whales , are closely scrutinized by market participants because they can, at times, precede significant price shifts. While one whale’s actions don’t dictate the entire market, they can certainly influence sentiment and liquidity. Here’s what investors should consider: On-Chain Metrics: Tools from firms like Lookonchain and Arkham are invaluable. They track wallet activity, exchange inflows/outflows, and dormant supply. A sudden increase in exchange inflows from long-dormant wallets can be a bearish signal, indicating potential selling pressure. Conversely, outflows to cold storage can be seen as bullish, suggesting accumulation. Market Depth and Liquidity: If a whale intends to sell, the market’s ability to absorb such a large volume without a significant price drop depends on its depth and liquidity. In a less liquid market, a large sell-off could cause a cascade. Psychological Effect: News of a major whale moving funds can create fear, uncertainty, and doubt (FUD) or, conversely, excitement. Traders might react impulsively, leading to short-term volatility. Distinguishing Types of Moves: It’s crucial to differentiate between movements to known exchange wallets, which often imply selling intent, and movements between private wallets, which could be re-organization or preparation for an OTC deal that doesn’t impact open market liquidity directly. For the average investor, understanding these dynamics isn’t about blindly following whales, but about gaining context for market movements and making informed decisions. It’s about recognizing that significant capital is at play and adapting strategies accordingly. Navigating the Waters: Strategies for Understanding Bitcoin Whale Behavior Monitoring Bitcoin whale activity is a sophisticated aspect of crypto market analysis. It requires access to on-chain data and the ability to interpret it correctly. Here are some strategies and insights for those looking to understand these powerful market movers: Utilize On-Chain Analytics Platforms: Services like Lookonchain, Arkham Intelligence, Glassnode, CryptoQuant, and Santiment provide real-time data on large transactions, exchange balances, and wallet activity. These platforms can help identify significant movements and track the flow of funds. Differentiate Wallet Types: Not all large transactions are equal. It’s important to distinguish between: Exchange Wallets: Funds moving to or from these often indicate intent to buy or sell on the open market. Custodian Wallets: Funds held by institutional custodians (e.g., Grayscale, Fidelity) for clients. Movements here might reflect institutional rebalancing or client redemptions/deposits. Private Cold Wallets: Funds moving between these often suggest long-term holding strategies, security upgrades, or OTC deals. Track Dormant Supply: The “dormant supply” metric, which tracks coins that haven’t moved for extended periods (e.g., 1 year, 3 years, 5 years), is crucial. When dormant supply suddenly decreases, it means these long-term holders are becoming active, which can signal a shift in market sentiment or a major event. Observe Transaction Patterns: Look for clusters of transactions, recurring movements, or significant changes in wallet balances. Sometimes, large amounts are broken down into smaller chunks to facilitate OTC deals or reduce market impact. While tracking whale movements offers valuable insights, it’s essential to remember that it’s just one piece of the puzzle. Macroeconomic factors, regulatory news, technological developments, and broader market sentiment also play significant roles in Bitcoin’s price action. Challenges and Opportunities in Whale Watching Monitoring Bitcoin whale movements comes with its own set of challenges and opportunities: Challenges: Anonymity: While transactions are transparent on the blockchain, the identities behind the wallets remain pseudonymous, making it difficult to ascertain motives definitively. Misinterpretation: A large movement might be misinterpreted. For example, a transfer from one cold wallet to another could be seen as a precursor to selling, when in reality, it’s just an internal security upgrade. Noise: The sheer volume of transactions can make it hard to filter out significant whale movements from regular market activity. Opportunities: Early Signals: Identifying large transfers to exchanges can provide an early warning of potential selling pressure. Market Sentiment Gauge: Persistent accumulation by whales, especially from exchanges, can signal strong confidence in future price appreciation. Understanding Market Structure: Whale movements can reveal insights into the distribution of Bitcoin and the concentration of wealth, which is vital for understanding market stability and decentralization. In conclusion, the awakening of this long-dormant Bitcoin whale serves as a potent reminder of the dynamic and often mysterious nature of the cryptocurrency markets. Whether this colossal move signifies a massive profit-taking event, a strategic reallocation, or something entirely different, its impact resonates throughout the digital asset ecosystem. It underscores the power of large holders to influence sentiment and liquidity, and it highlights the increasing sophistication of on-chain analysis tools that allow us to peer into these once-hidden movements. As the crypto landscape continues to evolve, understanding the behavior of these digital giants will remain a critical component for investors and enthusiasts alike. This particular whale’s action is a testament to the incredible gains possible in Bitcoin, but also a call for vigilance and informed decision-making in a market where every major move can create a ripple effect. Frequently Asked Questions (FAQs) Q1: What is a Bitcoin whale? A Bitcoin whale is an individual or entity that holds a very large amount of Bitcoin, typically enough to potentially influence market prices through their buying or selling activities. While there’s no official threshold, holdings often range from thousands to tens of thousands of BTC. Q2: Why are Bitcoin whale movements important to track? Whale movements are important because they can signal potential shifts in market sentiment or supply. Large transfers to exchanges might indicate an intent to sell, while movements to cold storage could suggest long-term holding or accumulation, both of which can impact price and liquidity. Q3: How do analysts identify dormant wallets? Analysts use on-chain data analytics platforms (like Lookonchain, Arkham, Glassnode) that track the movement of coins. A wallet is considered dormant if its Bitcoin holdings have remained untouched for an extended period, typically several years. Q4: Does a whale moving Bitcoin automatically mean a price drop is coming? Not necessarily. While a move to an exchange could precede selling, the funds might also be for an Over-The-Counter (OTC) deal, reallocation to a new secure wallet, or participation in DeFi. The destination and subsequent actions of the funds are crucial for accurate interpretation. Q5: What was the Bitcoin price when this whale acquired their BTC? This particular Bitcoin whale acquired their 10,606 BTC on December 13, 2020, when the price of Bitcoin was approximately $18,807. If you found this analysis insightful, consider sharing it with your network! Stay ahead of the curve by understanding the pivotal movements shaping the cryptocurrency market. Your shares help us bring more in-depth insights to a wider audience. To learn more about the latest Bitcoin market trends, explore our article on key developments shaping Bitcoin’s institutional adoption. This post Unveiling the Mystery: A Colossal Bitcoin Whale Awakens After Years of Dormancy first appeared on BitcoinWorld and is written by Editorial Team
Spot Ethereum exchange-traded funds (ETFs) registered a net inflow of $533.87m on July 22, marking the third-largest single-day inflow since their inception, according to SoSoValue data . The surge shows growing institutional enthusiasm, with Ethereum solidifying its role as a key platform for tokenizing real-world assets. The cumulative net inflow into spot Ethereum ETFs has now reached $8.32b. Meanwhile, the total value traded on July 22 stood at $1.97b, with total net assets across the category nearing $19.85b. That figure represents 4.44% of Ethereum’s total market capitalization. Ethereum ETF Inflows Driven by BlackRock and Grayscale as Smaller Funds Stay Flat BlackRock’s ETHA led the pack, pulling in $426.22m in fresh capital. The ETF now manages over $10b in assets, accounting for 2.24% of Ethereum’s circulating supply. On July 22, Spot Ethereum ETFs recorded a total net inflow of $534 million, marking the third-highest daily inflow in history. pic.twitter.com/6iMly8AXLP — Wu Blockchain (@WuBlockchain) July 23, 2025 Fidelity’s FETH followed with $35.01m in net inflow, pushing its total assets past US$2.36b. Grayscale’s ETH fund saw $72.64m in new capital, while other players such as Franklin Templeton and Bitwise showed minimal or flat inflow activity. Bitcoin ETFs See $68M Outflow as Ark and Bitwise Lead the Retreat In contrast, spot Bitcoin ETFs posted a net outflow of $67.93m the same day. Grayscale’s GBTC was the only product in the group to record net inflow, adding $7.51m. Most other major funds, including Ark Invest’s ARKB and Bitwise’s BITB, saw outflows exceeding $30m. Total net assets in US spot Bitcoin ETFs now stand at $154.77b, about 6.5% of Bitcoin’s total market cap. Trading activity remained elevated, with daily volume reaching $4.01b across all funds. Institutional Appetite for Ethereum ETFs Grows, Backed by Tokenized Use Cases Katherine Wu, COO of ENS Labs, said the inflows reflect deepening institutional conviction. “In the year since launch, US-listed Ethereum ETFs have attracted nearly $6.5b in net inflows, including more than $2b in the past week alone. These are massive numbers that speak volumes: institutions aren’t just paying attention, they’re allocating.” Much of that momentum is tied to tokenization, with over 55% of all tokenized assets built on Ethereum. Corporates including BlackRock, JPMorgan and Visa have already leveraged the blockchain for tokenized treasuries, commercial paper and equity infrastructure. Robinhood’s announcement of tokenized stock offerings on Ethereum layer-2 network Arbitrum has further cemented its status as the go-to platform for real-world assets. Kean Gilbert, institutional relations lead at Lido DAO, noted that ETFs could evolve in the coming year to capture staking rewards while maintaining liquidity for redemptions. He said staking integration remains a challenge, especially in Europe where caps on staking exposure still apply. However, with clearer US regulatory guidance expected on staking within ETF structures, tokenized staking instruments such as stETH may soon bridge the gap, giving institutions both yield and liquidity. The post Spot Ethereum ETFs Record $534M in Daily Inflows, Third-Highest Since Launch appeared first on Cryptonews .
The post Bitwise Gets XRP ETF Approval from SEC, But Trading Halted appeared first on Coinpedia Fintech News The U.S. Securities and Exchange Commission (SEC) has approved the conversion of the Bitwise Crypto Index Fund into a full-fledged exchange-traded fund (ETF), marking a significant step for diversified crypto investments. But just as markets began to react, the ETF’s launch was suddenly delayed due to a regulatory stay, leaving investors frustrated and analysts questioning the move. An Altcoin-Friendly ETF—But on Hold The ETF, managed by Bitwise, is designed to track a basket of leading cryptocurrencies . According to documents filed with the SEC, its current allocations include Bitcoin (78.72%), Ethereum (11.10%), and XRP (4.97%). It also holds smaller portions of altcoins like Solana, Cardano, Chainlink, SUI, Avalanche, Polkadot, and Litecoin. Under SEC guidelines, at least 85% of ETF assets must be in cryptocurrencies already approved for exchange-traded products, mainly BTC and ETH. The remaining 15% can include other assets like XRP and SOL, which are not individually approved but included as part of the fund’s diversified approach. Bitwise plans to rebalance the ETF monthly, allowing investors to buy shares through mechanisms similar to those used in traditional stock ETFs. Why Did the SEC Pause the Bitwise XRP ETF Launch After Approval? Despite the official approval, the ETF has not gone live. The SEC has imposed a regulatory stay under Rule 431(e), essentially putting the launch on pause. This unexpected move has triggered criticism across the industry. Nate Geraci, president of The ETF Store, called the delay “bizarre” and argued that both Bitwise and other similar products like Grayscale’s Digital Large Cap Fund should be allowed to proceed. “This delay contradicts the very approval granted,” Geraci said on X . “Investor access to diversified crypto exposure is being unfairly held back.” Altcoins Are Already on the Move While the ETF is stuck in limbo, altcoins are already seeing renewed interest. Over the past 30 days, Bitcoin’s dominance in the market has fallen from 65% to 60%, signaling a shift in sentiment. Investors appear to be rotating capital into altcoins, which are posting stronger returns. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP Price Prediction For July 23 , Just in the past week: Ethereum jumped 26% Dogecoin soared 40% XRP gained 22% Cardano rose 23% Crypto analyst Kyle Chassé noted this trend on X, pointing out that altcoins are gaining momentum even without institutional vehicles like ETFs. He added that the Altcoin Season Index has climbed from 35 to 50, indicating a tilt toward altcoins—but not quite a full-blown altseason yet. Why This ETF Matters Now The Bitwise ETF could give investors easy exposure to high-potential altcoins like XRP and Solana right when the market is shifting in their favor. With Bitcoin consolidating just under $120,000 , many traders are now looking for alternative growth opportunities, especially in Layer-1 tokens. Currently, the fund is only available over-the-counter. If the SEC lifts its stay, Bitwise can list the ETF on a national exchange, making it more accessible to retail and institutional investors alike. Until then, the fund remains in a strange spot: approved, but not active. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Yes, the U.S. Securities and Exchange Commission has approved Bitwise’s Crypto Index Fund to convert into an ETF, which includes XRP, Ethereum, and several other altcoins. However, the fund is not yet live due to a regulatory stay. Why is the Bitwise XRP ETF launch delayed after SEC approval? The ETF’s launch has been paused due to a regulatory stay imposed under SEC Rule 431(e) . Although approved, the fund cannot begin trading until this stay is lifted, which has caused frustration among analysts and investors. Which cryptocurrencies are included in the Bitwise ETF? The ETF includes a mix of major and emerging assets: Bitcoin (78.72%) Ethereum (11.10%) XRP (4.97%) Plus exposure to Solana, Cardano, Chainlink, SUI, Avalanche, Polkadot, and Litecoin.
After trading steadily downward for the first four months of the year, Ethereum has rebounded strongly and is currently up more than 65% over the last 30 days. The reason for this rip is “overwhelming demand” from exchange-traded products and corporate treasuries, said Bitwise chief investment officer Matt Hougan on X on Wednesday. The executive compared Ethereum to Bitcoin, which, for the past 18 months, has been driven ever-upwards because ETPs and corporate treasuries “have been buying more than 100% of all the new Bitcoin being produced.” The Ethereum Demand Shock A thread on why ETH’s price is rising and why it will continue to rise in the months ahead. — Matt Hougan (@Matt_Hougan) July 22, 2025 Ethereum Supply and Demand Until recently, Ethereum had not benefited from the same trend as Ether ETFs launched in July 2024, which did not perform as well, seeing just $2.5 billion in inflows until mid-May. However, this all changed recently with spot ETH ETFs hoovering up the asset at unprecedented levels. Bitwise estimated that ETPs and corporate treasuries have combined to buy 2.83 million ETH since May 15, more than $10 billion at today’s prices, which is 32 times the net new supply over the same time period. Hougan expects this trend to continue because investors are “significantly underweight” in Ethereum compared to Bitcoin. Additionally, stablecoin regulations and a surging real-world asset tokenization market will boost Ethereum demand even further. “Meanwhile, all signs suggest the ‘ETH treasury company’ trend will accelerate,” he added. “Looking out, I can imagine ETPs and treasury companies buying $20 billion of ETH in the next year, or 5.33 million ETH at today’s prices.” He added that the network is expected to produce roughly 800,000 ETH over the same period, which equates to seven times more demand than supply. BitMEX founder Arthur Hayes concurred in his latest blog post on Tuesday. “The coming Ether bull run is about to tear the market a new asshole,” he said before predicting that the asset would hit $10,000 by the end of the year. Net new ETH issuance today: ~2,468 ETH ($13 million). Net inflows into the ETH ETFs today: ~143,905 ETH ($534 million). The ETH ETFs bought 58x more ETH than was net issued by the network today. Accelerate! — sassal.eth/acc (@sassal0x) July 23, 2025 ETH Price Outlook Ether prices have traded relatively flat over the past 24 hours with the asset changing hands for $3,720 at the time of writing. It has started to consolidate at current levels over the past few days after hitting resistance at $3,800 three times. ETH has outperformed Bitcoin over the past month with an epic 67% gain from around $2,250, where it traded this time in June. The post Ethereum Demand Shock Could Send ETH to $10K This Year appeared first on CryptoPotato .
BitcoinWorld Crucial Upbit KRW Trading Suspension: What You Need to Know for July 30 Are you an active participant in the South Korean cryptocurrency market? If you’re trading on Upbit, a crucial announcement has just been made that demands your immediate attention. The leading South Korean crypto exchange, Upbit, is set to temporarily suspend Upbit KRW trading pairs on July 30 for essential server maintenance. This brief but impactful pause is designed to enhance the platform’s stability and performance, particularly concerning tick size adjustments for Korean won trading pairs. Understanding the implications of this scheduled downtime is vital for managing your assets and ensuring a seamless trading experience. Understanding the Upbit KRW Trading Suspension Upbit, a powerhouse in the global cryptocurrency landscape, especially within South Korea, has officially communicated a temporary halt to its Korean Won (KRW) trading services. According to an announcement on their official website, the maintenance window is scheduled for July 30, from 15:00 to 16:00 UTC . During this specific hour, all KRW trading pairs will be inaccessible. This means you won’t be able to place new orders, modify existing ones, or execute trades involving the Korean Won. The primary reason cited for this scheduled interruption is to adjust tick sizes for KRW trading pairs. For those unfamiliar, a ‘tick size’ refers to the minimum price increment by which the price of a financial instrument can move. For instance, if a tick size is 0.01, the price can move from 100.00 to 100.01, but not to 100.005. Adjusting tick sizes can have several benefits, including: Improved Liquidity: Smaller tick sizes can allow for tighter bid-ask spreads, encouraging more frequent trading. Enhanced Price Discovery: More granular price movements can lead to more precise valuations. Reduced Volatility: In some cases, optimized tick sizes can help stabilize price movements. While an hour might seem like a short period, in the fast-paced world of cryptocurrency, even a minute can matter. Traders need to be aware of this window to avoid any disruptions to their strategies. Why is Upbit Maintenance So Important? Scheduled maintenance, like the one announced by Upbit, is a standard and crucial practice for any high-volume digital platform, especially a cryptocurrency exchange. Think of it like changing the oil in your car or performing routine check-ups on a complex machine; it’s essential for long-term health and efficiency. For Upbit, these maintenance periods are critical for several reasons: System Optimization: Regularly updating and fine-tuning server infrastructure ensures the platform can handle increasing user loads and transaction volumes without degradation in performance. This directly impacts the speed and reliability of your Upbit KRW trading experience. Security Enhancements: The digital asset space is constantly under threat from cyberattacks. Maintenance windows provide an opportunity to implement the latest security patches, fortify defenses, and conduct vulnerability assessments, safeguarding user funds and data. Feature Upgrades: As technology evolves and user needs change, exchanges introduce new features or improve existing ones. Maintenance allows for the seamless integration of these upgrades without interrupting live services for extended periods. Bug Fixes: Like any complex software, exchanges can develop bugs or glitches. Scheduled downtime allows developers to identify and rectify these issues, leading to a smoother user experience. Ultimately, these brief interruptions are an investment in the platform’s future, aiming to provide a more stable, secure, and efficient trading environment for all users engaging in Upbit KRW trading and other pairs. What Should Upbit Traders Do to Prepare? Preparation is key to navigating any scheduled downtime on a crypto exchange. For those actively involved in Upbit KRW trading , here are some actionable insights and steps you can take to minimize potential impact: Mark Your Calendar: Note the exact time and date: July 30, 15:00 to 16:00 UTC. Convert this to your local time zone to avoid any confusion. Review Open Orders: Before the maintenance window begins, check all your open buy and sell orders on KRW trading pairs. Decide whether to cancel them or let them remain. Keep in mind that during the suspension, these orders will not be executed or modifiable. Manage Your Positions: If you have active positions that rely on continuous trading, consider closing or adjusting them before the maintenance period. Volatility can sometimes occur immediately before or after such events, so plan accordingly. Monitor Upbit’s Official Channels: Always rely on Upbit’s official website and social media channels for the most accurate and up-to-date information regarding the maintenance. Avoid unofficial sources. Consider Alternative Actions: While KRW trading is suspended, other functionalities on Upbit, such as deposits and withdrawals of non-KRW assets, might still be operational (though it’s wise to verify this on their announcement). You could use this time for portfolio review or research. Set Reminders: Use your phone or computer to set reminders for when the maintenance begins and when it is expected to end, so you can resume your trading activities promptly. By taking these proactive steps, you can ensure that the temporary suspension of Upbit KRW trading causes minimal disruption to your overall crypto strategy. The Broader Context: Upbit’s Role and Market Reliability Upbit isn’t just any exchange; it’s a dominant force in the South Korean crypto market, often ranking among the top global exchanges by trading volume. Its reliability and security practices are under constant scrutiny, not just from users but also from regulators in one of the world’s most stringent crypto environments. The decision to perform scheduled maintenance, particularly for something as fundamental as tick size adjustments, underscores Upbit’s commitment to maintaining a robust and fair trading environment. In a market where trust is paramount, such transparent communication about planned downtime helps build confidence among users. It demonstrates a proactive approach to platform health rather than reacting to issues after they arise. This commitment to operational excellence is a key factor in why so many traders choose Upbit for their Upbit KRW trading activities. Furthermore, the focus on tick sizes highlights the technical sophistication required to run a high-frequency trading platform. Small adjustments can have significant impacts on market microstructure, affecting everything from arbitrage opportunities to the efficiency of order execution. Upbit’s continuous efforts to optimize these underlying mechanics benefit all participants by fostering a more efficient and stable market. Conclusion: A Brief Pause for a Better Future The temporary suspension of Upbit KRW trading on July 30, while a brief inconvenience, is a testament to Upbit’s dedication to providing a top-tier trading experience. By taking an hour for essential server maintenance and tick size adjustments, the exchange aims to enhance its platform’s stability, efficiency, and overall reliability. For traders, this is a clear signal to plan ahead, manage open orders, and stay informed through official channels. Embracing these brief pauses as opportunities for system improvement ensures that the future of cryptocurrency trading on Upbit remains robust and secure. Your proactive approach to this announcement will ensure you are well-prepared for the seamless resumption of services. Frequently Asked Questions (FAQs) Q1: What is the exact time and date for the Upbit KRW trading suspension? The Upbit KRW trading suspension is scheduled for July 30, from 15:00 to 16:00 UTC. Please convert this to your local time zone to determine the exact hour of impact. Q2: Why is Upbit conducting this maintenance? Upbit is conducting server maintenance primarily to adjust tick sizes for Korean won trading pairs. This is aimed at improving platform stability, liquidity, and overall trading efficiency. Q3: Will all trading pairs be affected, or just KRW pairs? The announcement specifically states that KRW trading pairs will be temporarily suspended. It’s always best to check Upbit’s official announcement for details on other asset types, but the focus of this maintenance is on Korean Won trading. Q4: What should I do with my open orders during the maintenance? It is highly recommended to review and manage your open orders on KRW trading pairs before the maintenance begins. You can choose to cancel them or let them remain, but be aware that they will not be executed or modifiable during the suspension period. Q5: Will deposits and withdrawals be affected during the Upbit KRW trading maintenance? The announcement specifically mentions the suspension of KRW trading. While typically other services like deposits and withdrawals of non-KRW assets might remain operational, it’s crucial to refer to Upbit’s official announcement for the most precise details regarding all affected services. Q6: How long will the Upbit KRW trading suspension last? The maintenance is scheduled to last for one hour, from 15:00 to 16:00 UTC on July 30. Did you find this article helpful in understanding the upcoming Upbit KRW trading suspension? Share this crucial information with your fellow traders and on your social media channels to help them stay informed and prepared! Knowledge is power in the fast-paced crypto world. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption . This post Crucial Upbit KRW Trading Suspension: What You Need to Know for July 30 first appeared on BitcoinWorld and is written by Editorial Team
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BitcoinWorld USDT on Ethereum: Bithumb Unlocks Seamless Transfers for Crypto Users Are you ready for a significant upgrade in your crypto trading experience? South Korean crypto exchange Bithumb, a major player in the global digital asset landscape, has just announced a pivotal development that promises to enhance flexibility and accessibility for its users. Starting July 23, 2024, at 06:00 UTC, Bithumb will officially begin supporting deposits and withdrawals of USDT on Ethereum (ERC-20), a move that has been eagerly anticipated by many in the community. This isn’t just a technical update; it’s a strategic enhancement designed to streamline how users interact with the world’s largest stablecoin on one of the most robust blockchain networks. For anyone actively trading or holding USDT, this change offers a more integrated and efficient way to manage their assets within the Bithumb ecosystem. What Does Bithumb’s Move to Support USDT on Ethereum Mean for You? Bithumb’s decision to enable USDT on Ethereum transfers marks a significant milestone for the exchange and its user base. Previously, users might have been limited to other blockchain networks for USDT transactions on the platform, or faced workarounds. Now, with direct support for the ERC-20 standard, the process becomes much more straightforward and aligned with industry best practices. This integration means: Enhanced Accessibility: Users can now directly send and receive ERC-20 USDT, eliminating the need for intermediary conversions or transfers through less preferred networks. Improved Liquidity: Tapping into the vast liquidity of the Ethereum network, which hosts a significant portion of the DeFi ecosystem and dApps. Broader Interoperability: Seamless movement of USDT between Bithumb and various decentralized applications, wallets, and other exchanges that primarily operate on the Ethereum blockchain. Industry Alignment: Adopting the widely used ERC-20 standard for USDT ensures Bithumb remains competitive and caters to the preferences of a global user base. The announcement, made on Bithumb’s official website, specifies the exact time and date: July 23, 2024, at 06:00 UTC . This clear communication allows users to prepare their accounts and strategies accordingly, ensuring a smooth transition as the new feature goes live. Why is USDT on Ethereum (ERC-20) So Important? Tether (USDT) is the largest stablecoin by market capitalization, designed to maintain a stable value pegged to the US dollar. While USDT exists on multiple blockchain networks (such as Tron, Solana, Avalanche, and more), its presence on Ethereum, utilizing the ERC-20 token standard, holds particular significance. Here’s why: Ethereum’s Dominance: Ethereum is the most widely adopted smart contract platform, serving as the foundation for thousands of decentralized applications (dApps), DeFi protocols, and NFTs. This vast ecosystem makes ERC-20 tokens, including USDT, highly versatile and liquid. DeFi Integration: A substantial portion of the Decentralized Finance (DeFi) ecosystem is built on Ethereum. By supporting ERC-20 USDT, Bithumb users gain easier access to a plethora of DeFi lending, borrowing, and trading platforms without needing to bridge assets or incur additional conversion costs. Network Effect: The sheer volume of transactions and users on the Ethereum network creates a powerful network effect, making ERC-20 USDT a preferred choice for many traders and investors due to its widespread acceptance and robust infrastructure. Security and Transparency: Ethereum’s established proof-of-stake consensus mechanism and its extensive network of validators contribute to the security and transparency of ERC-20 transactions. Every transaction is publicly verifiable on the Ethereum blockchain. This strategic move by Bithumb solidifies its commitment to providing comprehensive services that meet the evolving needs of the crypto community, especially those who prioritize the robust and expansive Ethereum ecosystem for their stablecoin operations. Navigating the New Waters: Benefits and Considerations for Your USDT on Ethereum Transfers While the enablement of USDT on Ethereum brings numerous advantages, it’s also important for users to be aware of certain considerations, particularly regarding network dynamics. Understanding these aspects will help you optimize your transfer experience on Bithumb. Key Benefits: Benefit Description Seamless Integration Direct compatibility with most Ethereum-based wallets and platforms, simplifying asset management. High Liquidity Pool Access to Ethereum’s deep liquidity pools for USDT, potentially leading to better execution prices for large trades. Wider Ecosystem Access Effortless participation in Ethereum’s vibrant DeFi, NFT, and dApp ecosystems directly from Bithumb. Reduced Conversion Steps Eliminates the need to convert USDT from other chains, saving time and potential fees. Important Considerations: Ethereum Gas Fees: Transactions on the Ethereum network require “gas,” which is paid in Ether (ETH). Gas fees can fluctuate significantly based on network congestion. During peak times, fees can be high, impacting the cost-effectiveness of small transfers. Always check current gas prices before initiating a transaction. Network Congestion: While Ethereum is robust, periods of high demand can lead to slower transaction confirmations. Bithumb’s system will likely manage this, but users should be aware that transfers might take longer during busy times. Address Verification: Always double-check the recipient’s wallet address. ERC-20 addresses are long strings of characters, and a single incorrect character can result in irreversible loss of funds. Ensure you are sending USDT to an ERC-20 compatible address. Security Practices: Utilize all available security features on Bithumb, such as Two-Factor Authentication (2FA), and be vigilant against phishing attempts. Bithumb’s support for USDT on Ethereum empowers users with more choice, but a knowledgeable approach to network fees and security remains paramount for a smooth and secure experience. What Does This Mean for the South Korean Crypto Market and Beyond? Bithumb is one of South Korea’s largest and most influential cryptocurrency exchanges. Its strategic decisions often ripple through the local market and can even influence broader Asian crypto trends. The move to fully embrace USDT on Ethereum carries several implications: Strengthening South Korea’s Crypto Hub Status: By offering more versatile stablecoin options, Bithumb enhances South Korea’s position as a sophisticated and user-friendly crypto market, attracting both domestic and international users. Increased Stablecoin Adoption: Easier access to ERC-20 USDT could encourage more South Korean investors and traders to utilize stablecoins for hedging, trading, and accessing DeFi services. Competitive Edge: In a highly competitive market, providing comprehensive support for popular assets on their native networks gives Bithumb an edge, potentially drawing users from exchanges with more limited stablecoin options. Bridging Traditional Finance and DeFi: For institutional players or high-net-worth individuals in South Korea looking to bridge traditional finance with decentralized opportunities, seamless ERC-20 USDT transfers simplify the process. This development underscores a broader trend of crypto exchanges prioritizing user experience and expanding their offerings to meet the diverse demands of a maturing market. It reflects a commitment to supporting the most liquid and widely adopted versions of digital assets. Actionable Insights: How to Prepare for Your First USDT on Ethereum Transfer on Bithumb With the July 23rd launch date fast approaching, here are some actionable steps and tips to ensure you’re ready to leverage Bithumb’s new USDT on Ethereum support: Update Your Bithumb App/Website: Ensure you are using the latest version of the Bithumb mobile application or accessing their official website directly to avoid any compatibility issues. Understand the Deposit/Withdrawal Process: Familiarize yourself with Bithumb’s specific procedures for ERC-20 USDT deposits and withdrawals. This will typically involve navigating to the USDT wallet section, selecting the “Ethereum (ERC-20)” network option, and generating a deposit address or inputting a withdrawal address. Keep ETH for Gas Fees (for Withdrawals): If you plan to withdraw USDT from Bithumb to an external wallet, remember that you will need a small amount of ETH in that external wallet to cover the transaction’s gas fees. Bithumb will handle the gas fees for deposits to their platform. Perform a Small Test Transfer: For your first transfer, especially if it’s a large amount, consider sending a small test amount first to confirm that the process works smoothly and that you have correctly identified the ERC-20 network. Bookmark Official Sources: Always refer to Bithumb’s official website or announcements for the most accurate and up-to-date information regarding the launch and any specific guidelines. Enable All Security Features: Double-check that your Bithumb account has 2FA enabled and that you are using a strong, unique password. Be wary of suspicious emails or messages. By following these steps, you can confidently and securely utilize the new USDT on Ethereum transfer capabilities on Bithumb, opening up new avenues for your crypto activities. Conclusion: A Step Forward for Bithumb and USDT on Ethereum Bithumb’s imminent support for USDT on Ethereum deposits and withdrawals is more than just a feature update; it’s a strategic enhancement that aligns the exchange with the broader decentralized finance ecosystem and caters to the evolving needs of its users. This move simplifies the transfer process, enhances liquidity, and provides seamless access to the vast opportunities within the Ethereum network for the world’s leading stablecoin. As of July 23, 2024, Bithumb users can look forward to a more efficient, flexible, and integrated experience when managing their USDT. This development not only strengthens Bithumb’s position in the highly competitive South Korean market but also contributes to the overall maturation and accessibility of the global cryptocurrency landscape. It’s a clear signal that major exchanges are committed to empowering users with the tools they need to navigate the dynamic world of digital assets securely and effectively. Frequently Asked Questions (FAQs) Q1: What is USDT on Ethereum (ERC-20 USDT)? A1: USDT on Ethereum, also known as ERC-20 USDT, is Tether’s stablecoin issued on the Ethereum blockchain. It adheres to the ERC-20 token standard, making it compatible with all Ethereum-based wallets, dApps, and exchanges. It’s widely used for its liquidity and integration within the DeFi ecosystem. Q2: When will Bithumb officially support USDT on Ethereum transfers? A2: Bithumb announced that it will begin supporting deposits and withdrawals of USDT on the Ethereum (ETH) network starting at 06:00 UTC on July 23, 2024. Q3: Are there any specific fees associated with USDT on Ethereum transfers on Bithumb? A3: While Bithumb typically handles deposit fees, withdrawals of USDT on Ethereum will incur network gas fees, which are paid in ETH. These gas fees fluctuate based on network congestion and demand. Bithumb’s withdrawal fees (if any, beyond gas) will be displayed during the withdrawal process. Q4: Why is Bithumb enabling support for USDT on Ethereum? A4: Bithumb is enabling USDT on Ethereum support to enhance user flexibility, improve liquidity access, and align with industry standards. This move allows users to seamlessly integrate with the broader Ethereum-based DeFi and dApp ecosystem, meeting the growing demand for ERC-20 stablecoin functionality. Q5: What are the main benefits of using USDT on Ethereum compared to other networks? A5: The primary benefits include access to Ethereum’s vast DeFi ecosystem, high liquidity, widespread acceptance across dApps and exchanges, and the robust security of the Ethereum network. It simplifies interoperability for users deeply engaged with the Ethereum blockchain. Q6: How can I ensure my USDT on Ethereum transfers are safe? A6: Always double-check the recipient’s wallet address to ensure it’s an ERC-20 compatible address. Enable Two-Factor Authentication (2FA) on your Bithumb account, use strong, unique passwords, and be cautious of phishing attempts. Consider performing a small test transfer for large amounts. If you found this article insightful, consider sharing it with your friends and fellow crypto enthusiasts on social media! Your support helps us continue to provide valuable insights into the ever-evolving world of digital assets. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum and the future of stablecoins . This post USDT on Ethereum: Bithumb Unlocks Seamless Transfers for Crypto Users first appeared on BitcoinWorld and is written by Editorial Team