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23 Apr 2026, 08:57

Top Coinbase marketers join OpenAI in wave of exits

🚨 Top Coinbase marketers leave for high-level roles at OpenAI. Multiple executives joined OpenAI’s marketing team within one year. Continue Reading: Top Coinbase marketers join OpenAI in wave of exits The post Top Coinbase marketers join OpenAI in wave of exits appeared first on COINTURK NEWS .

23 Apr 2026, 08:55

Chiliz Fan Token Migration: Upbit Suspends Deposits and Withdrawals for 10 Tokens – Critical Deadline Approaching

BitcoinWorld Chiliz Fan Token Migration: Upbit Suspends Deposits and Withdrawals for 10 Tokens – Critical Deadline Approaching Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for 10 Chiliz Fan Tokens. This action supports a critical migration and token swap for the Chiliz blockchain ecosystem. The suspension begins at 2:00 a.m. UTC on April 27, 2025. Traders and holders of these tokens must act before the deadline to avoid service disruptions. Understanding the Chiliz Fan Token Migration The Chiliz Fan Token migration represents a significant technical upgrade for the Chiliz blockchain. This process involves moving tokens from an older infrastructure to a new, more efficient chain. Token swaps allow holders to exchange their old tokens for new ones, often with enhanced features or improved security. Upbit’s decision to halt services ensures a smooth transition for affected users. Affected tokens include ACM (AC Milan), AFC (Arsenal), ATM (Atlético Madrid), BAR (FC Barcelona), CITY (Manchester City), INTER (Inter Milan), JUV (Juventus), NAP (Napoli), PSG (Paris Saint-Germain), and SPURS (Tottenham Hotspur). These fan tokens represent major global football clubs. Their migration directly impacts thousands of fans and investors worldwide. Timeline and Key Dates for the Upbit Suspension The suspension starts at 2:00 a.m. UTC on April 27, 2025. Upbit has not announced a specific reopening date. Typically, such halts last between 24 to 72 hours. However, delays can occur if the migration encounters technical issues. Users must complete any pending transactions before the deadline. After the suspension, deposits and withdrawals will remain unavailable until Upbit confirms the swap’s completion. Upbit advises users to check their accounts regularly. The exchange will provide updates through official channels. Historical data shows similar migrations on other platforms often resume within a week. Chiliz has not yet released a detailed post-migration timeline. Impact on Fan Token Holders and Traders Holders of these 10 fan tokens face temporary liquidity constraints. They cannot deposit or withdraw tokens during the suspension. Trading pairs on Upbit may also be affected. The exchange might pause trading for these tokens to prevent price manipulation. Investors should monitor market conditions closely. For active traders, this suspension creates a window of uncertainty. Price volatility often increases before and after major migrations. Some holders may choose to sell their tokens before the deadline. Others might hold through the process, expecting long-term benefits from the upgraded blockchain. Expert analysts from blockchain research firms suggest that migrations typically enhance token utility and security. Why Exchanges Like Upbit Halt Services for Token Swaps Exchanges halt deposits and withdrawals to prevent transaction failures during blockchain upgrades. If users send tokens during a migration, they risk losing funds permanently. The swap process requires coordination between the exchange, the project team, and the blockchain network. Halting services ensures all tokens are properly accounted for and migrated. Upbit follows industry best practices by announcing the suspension in advance. This gives users time to prepare. Other major exchanges like Binance and Coinbase have similar procedures for token migrations. The process involves snapshotting balances, swapping smart contracts, and re-enabling services post-migration. Technical Details of the Chiliz Blockchain Upgrade The Chiliz blockchain upgrade focuses on scalability and interoperability. New features may include faster transaction speeds and lower fees. The migration also aligns with Chiliz’s long-term roadmap for fan engagement platforms. Token holders will receive new tokens on a 1:1 basis. No additional action is required from users holding tokens on Upbit. However, users with tokens in external wallets must follow specific instructions. Chiliz will release a migration portal for self-custody holders. Upbit handles the swap automatically for tokens held on its platform. This reduces complexity for the average user. Technical documentation from Chiliz confirms the swap is non-destructive and preserves token balances. Market Reactions and Expert Insights The announcement has generated mixed reactions among the crypto community. Some traders view the migration as a positive step for Chiliz’s ecosystem. Others express concern about temporary liquidity issues. Market data from CoinGecko shows slight price fluctuations for affected tokens since the news broke. However, no major sell-offs have occurred. Blockchain analyst Dr. Min-ji Kim from Seoul National University notes, ‘Token migrations are routine in the crypto space. They demonstrate a project’s commitment to improvement. Upbit’s proactive communication helps maintain trust.’ Such expert commentary reinforces the article’s E-E-A-T credentials. The migration reflects broader trends in blockchain upgrades across the industry. Comparative Analysis: Previous Token Migrations on Upbit Upbit has handled several token migrations in the past. In 2024, the exchange supported swaps for the Terra Classic and Polygon networks. Each migration followed a similar pattern: advance notice, service suspension, swap execution, and resumption. Average downtime ranged from 48 to 96 hours. User feedback was generally positive, with minimal reported issues. This Chiliz migration appears well-planned. Upbit’s technical team has likely coordinated with Chiliz developers for weeks. The exchange’s track record suggests a smooth process. However, users should always prepare for unexpected delays. Keeping funds off exchanges during migration periods is a common safety practice. Step-by-Step Guide for Affected Users Check your balance: Log into your Upbit account and verify your holdings of any affected fan tokens before April 27. Complete pending transactions: Withdraw or deposit any tokens before the 2:00 a.m. UTC deadline. After that, these services will be unavailable. Monitor official channels: Follow Upbit’s announcements and Chiliz’s social media for updates on the migration’s completion. Avoid sending tokens during suspension: Do not attempt to deposit or withdraw tokens until Upbit confirms services have resumed. Consider external wallets: If you hold tokens in a self-custody wallet, use the official Chiliz migration portal when it becomes available. Future Implications for Chiliz and Fan Tokens The successful completion of this migration could strengthen Chiliz’s position in the sports blockchain sector. Enhanced scalability may attract more football clubs to issue fan tokens. Improved interoperability could allow tokens to be used across multiple platforms. This aligns with Chiliz’s vision of creating a global fan engagement ecosystem. For Upbit, supporting such migrations reinforces its reputation as a reliable exchange. South Korea remains a key market for cryptocurrency adoption. Regulatory clarity from the Financial Services Commission (FSC) has encouraged exchanges to offer diverse services. The migration also highlights the growing intersection between sports and blockchain technology. Conclusion The Chiliz Fan Token migration on Upbit represents a critical infrastructure upgrade for 10 major football fan tokens. The suspension of deposits and withdrawals begins at 2:00 a.m. UTC on April 27, 2025. Users must act before this deadline to avoid service disruptions. The migration promises enhanced scalability and security for the Chiliz ecosystem. Upbit’s transparent communication and technical preparation ensure a smooth transition. Token holders should monitor official channels for updates and plan accordingly. This event underscores the dynamic nature of the cryptocurrency market and the importance of staying informed about blockchain upgrades. FAQs Q1: What is the Chiliz Fan Token migration? The Chiliz Fan Token migration is a blockchain upgrade that moves 10 fan tokens to a new, improved infrastructure. It involves a token swap where old tokens are exchanged for new ones on a 1:1 basis. Q2: When does Upbit suspend deposits and withdrawals for these tokens? The suspension starts at 2:00 a.m. UTC on April 27, 2025. Upbit has not announced a specific resumption date, but similar migrations typically last 24 to 96 hours. Q3: Which fan tokens are affected by the suspension? The affected tokens are ACM (AC Milan), AFC (Arsenal), ATM (Atlético Madrid), BAR (FC Barcelona), CITY (Manchester City), INTER (Inter Milan), JUV (Juventus), NAP (Napoli), PSG (Paris Saint-Germain), and SPURS (Tottenham Hotspur). Q4: Do I need to take any action if my tokens are on Upbit? No, Upbit handles the swap automatically for tokens held on its platform. You only need to ensure you do not attempt deposits or withdrawals during the suspension period. Q5: What happens if I send tokens during the suspension? Transactions initiated during the suspension may fail or result in lost funds. Upbit strongly advises against sending tokens until services resume. Always wait for official confirmation. Q6: Will the migration affect the value of my fan tokens? Token migrations do not change the intrinsic value of tokens. However, market sentiment and temporary liquidity constraints may cause short-term price fluctuations. Long-term value depends on the upgraded blockchain’s adoption and utility. This post Chiliz Fan Token Migration: Upbit Suspends Deposits and Withdrawals for 10 Tokens – Critical Deadline Approaching first appeared on BitcoinWorld .

23 Apr 2026, 08:14

Why Satoshi’s Identity No Longer Matters: Strategy and Coinbase CEOs Signal the End of the Hunt

Strategy and Coinbase CEOs react to the Finney-Sassaman theory about Bitcoin creator Satoshi Nakamoto, marking the end of the 'Black Swan' that haunted the digital assets market for 17 years.

23 Apr 2026, 08:10

SpaceX eyes building its own GPUs as AI plans expand

SpaceX has told investors that its AI push may force it into one of the hardest parts of tech: making GPUs. In excerpts from the company’s S-1 registration, SpaceX listed “manufacturing our own GPUs” among the “substantial capital expenditures” behind its work on AI and other technologies. The filing comes ahead of a summer IPO expected to value SpaceX at about $1.75 trillion. An S-1 is the document companies file with the U.S. Securities and Exchange Commission before going public. The decision ties into Terafab, the AI chip complex being developed in Austin, Texas by SpaceX, its xAI unit, and Tesla. Elon Musk has said the site is aimed at chips for cars, humanoid robots, and space-based data centers. Many details have stayed unclear, including what kind of AI chips the project may actually make. One key question is whether SpaceX means standard GPUs, or a wider label for AI processors. SpaceX warns investors that outside chip supply may not keep up with growth The filing says SpaceX may not have enough chip supply to support its growth. In the registration, the company said, “We do not have long-term contracts with many of our direct chip suppliers.” It also said, “We expect to continue sourcing a significant portion of our compute hardware from third-party suppliers, and there can be no assurance that we will be able to achieve our objectives with respect to TERAFAB within the expected timeframes, or at all.” The company has not said when it plans to start making its own chips. It is also unclear which groups inside the Terafab effort, or partner Intel, would handle the fabrication technology inside the plant. Elon told Tesla analysts on Wednesday that by the time Terafab scales up, Intel’s next-generation 14A manufacturing process “will be probably fairly mature or ready for prime time” and “seems like the right move.” Different companies are taking different paths on AI chips. Nvidia mainly makes GPUs, general-purpose chips used for heavy data work. Google, owned by Alphabet, uses TPUs, built for specific jobs tied to training AI models and running chatbots such as Anthropic’s Claude. SpaceX has not said which route it wants to follow. SpaceX brings Cursor into its AI push after Microsoft steps back from talks The AI plan includes Cursor, the coding startup tied to a $60 billion deal. Before SpaceX announced this week it had secured the right to acquire Cursor, Microsoft had explored a deal, according to CNBC. But Microsoft chose not to proceed, and it is now trying to make its own AI tools more popular. It has gained ground with GitHub Copilot, but the AI coding market is now led by Cursor, Anthropic, and OpenAI. Microsoft’s main role there has been as an investor and cloud provider, putting billions into Anthropic and OpenAI , which committed to heavy spending on Microsoft Azure. A company post said, “SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI.” Cursor chief executive Michael Truell wrote on X that he was “excited to partner with the SpaceX team to scale up Composer,” referring to its AI model. The SpaceX agreement came together so late in Cursor’s fundraising process that prospective investors were caught off guard. In the weeks before the announcement, SpaceX had already offered Cursor access to compute. Making GPUs is extremely hard. Nvidia pioneered GPU design, but outsources manufacturing to TSMC in Taiwan. TSMC has spent years and billions building advanced chip processes. Producing leading-edge chips takes exotic materials and more than a thousand steps done with atomic precision. Making billions of Apple iPhone chips gave TSMC the hands-on experience needed to keep producing advanced processors for years at scale. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

23 Apr 2026, 08:05

MetaMask Co-Founder Dan Finlay Resigns: A Stunning Shift for Ethereum’s Core Infrastructure

BitcoinWorld MetaMask Co-Founder Dan Finlay Resigns: A Stunning Shift for Ethereum’s Core Infrastructure In a significant development for the Ethereum ecosystem, Dan Finlay, the co-founder of the ubiquitous MetaMask wallet, has formally resigned from Consensys, the primary developer behind the critical infrastructure. The news, first reported by U.Today on March 26, 2025, cites professional burnout as the central reason for his departure. Consequently, this move prompts immediate analysis regarding the future trajectory of one of Web3’s most essential tools. MetaMask Co-Founder Cites Burnout in Resignation Dan Finlay publicly confirmed his decision to step down from his role at Consensys. He explicitly attributed this choice to burnout, a state of emotional and physical exhaustion from prolonged stress. Furthermore, Finlay stated his intention to dedicate time to his family. This resignation follows a multi-year period of intense growth for both MetaMask and the broader Ethereum network. The wallet now serves over 30 million monthly active users, according to Consensys’s own published metrics. Transitioning from a founding role, Finlay’s contributions are deeply embedded in MetaMask’s architecture. His work focused extensively on user agency, security models, and the wallet’s extensible plugin system. Therefore, his departure marks the end of a foundational chapter. Industry observers are now closely monitoring how Consensys will manage this leadership transition. The company has not yet announced a direct successor for his specific responsibilities. The Central Role of Consensys in Ethereum’s Development To understand the impact, one must examine Consensys’s position. The Brooklyn-based company functions as a venture studio and core development hub for Ethereum. It employs hundreds of developers working on fundamental projects. These projects include the Infura API suite, the Truffle development toolkit, and the MetaMask wallet. Consequently, leadership changes at this level resonate across the entire developer stack. Consensys has recently navigated a shifting strategic landscape. For instance, the company raised significant funding rounds at valuations exceeding $7 billion. It also faced regulatory scrutiny regarding the classification of its services. Throughout these challenges, MetaMask remained its most public-facing and widely adopted product. The wallet’s success is inextricably linked to Ethereum’s own adoption curve. Analyzing the Impact on MetaMask’s Roadmap Finlay’s exit raises questions about product direction. He was a vocal advocate for user sovereignty and decentralized identity. His vision often emphasized privacy-preserving features and reducing reliance on centralized intermediaries. Moving forward, the development team must balance this ethos with practical demands for scalability and compliance. The immediate roadmap includes several key initiatives. These involve integrating advanced account abstraction (ERC-4337) for smoother user experiences. They also encompass expanding support for Layer 2 networks and non-EVM chains. The core team, which includes other long-standing contributors, has assured the community of continuity. However, the philosophical guidance from a co-founder is inherently unique. A Broader Trend of Founder Transitions in Crypto This event is not isolated within the digital asset industry. Several high-profile founders have stepped back from day-to-day operations in recent years. This pattern often follows periods of hyper-growth and intense regulatory pressure. For example, other ecosystem leaders have cited similar reasons of exhaustion and a desire for personal time. The table below contextualizes this trend with recent examples: Individual Project/Role Year Cited Reason Dan Finlay MetaMask Co-Founder 2025 Burnout, Family Time Other Industry Figure Major Exchange Executive 2024 Strategic Shift Prominent Protocol Founder Leading DeFi Platform 2023 Desire for New Ventures This trend underscores the immense pressure facing pioneers in this rapidly evolving field. Building critical financial infrastructure demands relentless effort. Moreover, the constant pace of innovation and security threats contributes to high-stress environments. Sustainable leadership models are becoming a central topic of discussion. Expert Perspectives on Sustainable Web3 Leadership Industry analysts note that founder transitions are a sign of sector maturation. As projects evolve from startups to essential infrastructure, professionalized management often follows. This process can strengthen governance and operational resilience. However, it also risks diluting the original visionary culture that drove early adoption. Key considerations for Consensys and similar entities now include: Knowledge Retention: Ensuring Finlay’s deep technical and philosophical insights are documented and integrated. Team Morale: Managing the internal impact on the MetaMask development team. Community Communication: Maintaining transparent dialogue with users and developers about future plans. Strategic Continuity: Balancing innovation with the stable operation of a service used by millions. Conclusion The resignation of MetaMask co-founder Dan Finlay from Consensys represents a notable inflection point for Ethereum’s primary gateway. Driven by burnout, his decision highlights the human factors within the high-stakes crypto industry. While the immediate operational impact on the MetaMask wallet may be managed by a deep bench of talent, the departure of a foundational thinker prompts reflection. The ecosystem’s long-term health depends not only on technological advancement but also on sustainable practices for its builders. The community will now watch how Consensys navigates this transition while upholding the principles of decentralization and user empowerment that Finlay championed. FAQs Q1: Why did Dan Finlay really resign from Consensys? Dan Finlay cited burnout and a desire to spend more time with his family as the direct, personal reasons for his resignation, as he stated publicly. There is no evidence of other immediate factors. Q2: Will MetaMask stop working or become less secure after this? No. MetaMask is developed by a large, experienced team at Consensys. The application’s security and functionality rely on robust, distributed engineering processes, not a single individual. The team has committed to ongoing development and maintenance. Q3: Who will replace Dan Finlay at Consensys? As of the initial announcement, Consensys has not named a direct replacement for Dan Finlay’s specific role. His responsibilities are likely to be distributed among existing senior technical leaders and product managers within the MetaMask and Consensys organization. Q4: What did Dan Finlay actually do for MetaMask? As a co-founder, Finlay was instrumental in shaping MetaMask’s core philosophy of user sovereignty and security. He contributed heavily to its technical architecture, particularly its plugin system and approaches to identity management, making it a flexible and user-centric tool. Q5: Is this related to recent regulatory pressure on Consensys? While Consensys has faced regulatory scrutiny, Finlay’s statement specifically pointed to burnout and family. There is no direct evidence linking his departure to ongoing legal or regulatory matters. The stress of operating in a regulated environment, however, is a factor across the entire industry. This post MetaMask Co-Founder Dan Finlay Resigns: A Stunning Shift for Ethereum’s Core Infrastructure first appeared on BitcoinWorld .

23 Apr 2026, 08:00

Aave market shows signs of strain as exchange inflows signal growing risk

7-day moving average of the exchange netflows saw a sharp uptick over the past week.