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13 May 2026, 09:35
Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19
BitcoinWorld Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19 Bithumb, one of South Korea’s largest cryptocurrency exchanges, has announced a temporary suspension of deposits and withdrawals for Shentu (CTK) to accommodate an upcoming network upgrade. The halt will take effect at 9:00 a.m. UTC on May 19. Details of the Suspension The exchange stated that the suspension is necessary to support the Shentu network’s upgrade, which typically involves protocol changes, security enhancements, or performance improvements. During this period, CTK trading on Bithumb is expected to continue as normal, though users will not be able to move tokens into or out of their exchange wallets. Bithumb has not yet specified the exact duration of the suspension, but such maintenance windows often last several hours to a full day, depending on the complexity of the upgrade. The exchange has advised users to complete any pending CTK transactions before the cutoff time to avoid delays. Why This Matters for CTK Holders Network upgrades are routine in the cryptocurrency space, often introducing new features or fixing vulnerabilities. For Shentu, a blockchain focused on security and cross-chain interoperability, upgrades can enhance its core infrastructure. However, temporary suspensions can create short-term liquidity constraints for traders who wish to move assets during the maintenance window. Users holding CTK on Bithumb should monitor the exchange’s official announcements for updates on when services will resume. It is also advisable to review the Shentu project’s own upgrade notes to understand any potential changes to the network’s functionality. Implications for Traders While the suspension may cause minor inconvenience, it is a standard operational procedure designed to ensure network stability. Traders who rely on rapid arbitrage or frequent transfers should plan accordingly. The event is unlikely to have a lasting impact on CTK’s market price unless the upgrade introduces significant protocol changes that affect tokenomics or utility. Conclusion Bithumb’s temporary suspension of CTK deposits and withdrawals is a precautionary measure tied to a scheduled network upgrade. Users are encouraged to act before the May 19 deadline and stay informed via official channels for post-upgrade service restoration timelines. FAQs Q1: When exactly will Bithumb suspend CTK deposits and withdrawals? The suspension begins at 9:00 a.m. UTC on May 19. Q2: Will CTK trading still be available during the suspension? Yes, Bithumb has indicated that trading will continue as usual. Only deposits and withdrawals will be temporarily halted. Q3: How long will the suspension last? Bithumb has not provided a specific end time. Users should check official announcements for updates after the upgrade is completed. This post Bithumb to Halt Shentu (CTK) Deposits and Withdrawals for Network Upgrade on May 19 first appeared on BitcoinWorld .
13 May 2026, 09:30
Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows
BitcoinWorld Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows On-chain monitoring service Onchain School reported that a wallet address suspected of belonging to the Billions (BILL) team deposited 10 million BILL tokens, valued at approximately $1.7 million, to the Bitget exchange about 30 minutes ago. The address, which begins with 0x382b, was created recently but had previously received a substantial amount of tokens from a known team-controlled address. What the On-Chain Data Reveals According to Onchain School’s analysis, the deposit wallet is newly created but its token origin traces back to a team address. This pattern is often interpreted by market observers as a potential precursor to selling. When large holders move tokens to exchanges, it typically signals an intention to liquidate holdings, which can create downward price pressure. At the time of writing, BILL is trading at $0.1957, reflecting a 31.87% increase over the past 24 hours according to CoinMarketCap. The price surge appears to have preceded or coincided with the deposit activity, though a direct causal link has not been established. Market Implications and Context Billions is a meme-inspired cryptocurrency that has attracted significant retail attention in recent weeks. Large deposits by team-associated wallets are closely watched by traders because they can indicate insider sentiment. While a deposit does not guarantee an immediate sale, the action reduces the barrier to sell and often triggers caution among short-term holders. It is important to note that the address has not yet executed any sell orders. The on-chain data only confirms the transfer to the exchange. Whether the tokens will be sold, held, or moved again remains unknown. Why This Matters to BILL Holders For current BILL holders, this development introduces an element of uncertainty. Team deposits to exchanges have historically preceded price corrections in other meme coin projects. However, the 31% price gain suggests that buying pressure remains strong in the short term. Investors should weigh the on-chain signal against broader market conditions and project fundamentals. Conclusion The deposit of 10 million BILL tokens by a team-linked address to Bitget is a noteworthy on-chain event that warrants monitoring. While it does not confirm an imminent sell-off, it adds a layer of risk for traders. The coming days will reveal whether the team intends to liquidate or if this is part of a routine treasury management strategy. FAQs Q1: Does the deposit guarantee that the Billions team will sell? No. Depositing tokens to an exchange is a preparatory step that makes selling possible, but it does not confirm that a sale has occurred or will occur. The team may have other reasons for the transfer. Q2: How much is 10 million BILL worth? At the current price of $0.1957, 10 million BILL is valued at approximately $1.957 million. Q3: Should I sell my BILL tokens because of this news? This article does not provide financial advice. On-chain data is one of many factors to consider. Investors should conduct their own research and assess their risk tolerance before making trading decisions. This post Address Tied to Billions Team Deposits $1.7M in BILL Tokens to Bitget, On-Chain Data Shows first appeared on BitcoinWorld .
13 May 2026, 09:00
XRP Breaks $1.46 Despite $434M In Futures Selling – Discover What Comes Next
XRP is showing strength as the market recovers from February’s lows, with the price pushing above $1.46 and derivatives activity rebuilding across major exchanges. The move is constructive on the surface — but a CryptoQuant report tracking the flow data beneath the price action has identified a structural divergence that complicates the straightforward bullish reading considerably. Related Reading: Altcoin CEX Volume Ratio Hasn’t Looked Like This Since The 2021 Bull Run: Capital Rotation Or Bear Market Rally? The open interest picture confirms that leverage is returning. On Binance, XRP open interest has climbed from approximately 207 million on April 30 to nearly 232 million today — a meaningful increase in derivatives positioning over a short period that reflects growing trader participation as the price recovers. In isolation, rising open interest during a price advance is a normal feature of a strengthening market. The CryptoQuant analysis looks beyond the open interest number to what is driving it — and that is where the divergence emerges. The relationship between price action, spot demand, and perpetual futures flow is not telling a single coherent story. It is telling three different stories simultaneously, and the gap between them is the signal that determines whether the current move represents genuine recovery or a derivatives-driven advance without the underlying demand structure to sustain it. Understanding which story the data ultimately supports is what separates a breakout from a headfake — and it is the question the CryptoQuant report is built to answer. Price Up. Spot Demand Flat. Futures Fighting the Move. This Is Not a Clean Breakout The CryptoQuant data identifies the specific tension beneath XRP’s advance with precision. Binance Perpetual CVD has dropped to approximately -$434 million — its lowest current reading — even as open interest on the same exchange continues climbing. Two metrics moving in opposite directions on the same venue confirm the central finding: perpetual futures traders are not riding the price recovery. They are selling into it, or at a minimum, positioning defensively against it. The spot market adds a second layer of concern. All CEX Estimated Spot CVD has declined to approximately $575 million despite XRP pushing above $1.46. If the move were being driven by genuine, broad-based spot accumulation, that number would be rising alongside the price. It is not — which weakens the case that real underlying demand is powering the advance. The leverage rebuild is not isolated to Binance. On May 11 alone, open interest increased by approximately $18 million on Binance, $10.4 million on OKX, and $8.5 million on Bybit — a combined $36.9 million added across three major venues in a single session. Derivatives participation is expanding across the ecosystem simultaneously. The structure that emerges from all three data points is specific and honest. Price is rising. Leverage is rebuilding. Spot demand is not following. That combination does not describe a bullish breakout — it describes a derivatives stress test, where the market is determining whether organic demand is strong enough to validate a move that futures positioning is currently fighting rather than supporting. Related Reading: Ethereum Cools Off Below $2,450 – Lower Leverage Sets The Stage For A Breakout XRP Holds Recovery Structure While Bulls Test Key Resistance XRP is trading around $1.44 after spending several weeks consolidating above the critical support zone that formed following February’s capitulation event. The chart shows a market attempting to transition from defensive stabilization into early recovery, but momentum remains constrained beneath a major resistance cluster. Technically, XRP has improved considerably from the February lows near $1.10. Buyers successfully reclaimed the 50-day moving average and pushed the price back into the $1.40–$1.50 region, which now functions as the most important short-term battleground. That area has repeatedly rejected upside attempts since March, showing that supply remains active whenever XRP approaches breakout territory. Related Reading: 14,600 Bitcoin Sold in Profit in One Day: Here Is How BTC’s Own Structure Broke It Below $80K At the same time, sellers have failed to force a meaningful breakdown despite multiple pullbacks. XRP continues printing higher lows from the April bottom, while the short-term moving average is beginning to flatten beneath price. That combination suggests bearish momentum is weakening gradually rather than accelerating. Volume also supports the consolidation narrative. Trading activity remains far below the panic-driven spikes seen during February’s collapse, indicating the market has moved out of forced liquidation conditions and into a more balanced environment. The broader structure still remains fragile while XRP trades below the 100-day and 200-day moving averages. However, if buyers reclaim and hold above the $1.50 region, the next upside target would likely emerge near $1.65–$1.70. Featured image from ChatGPT, chart from TradingView.com
13 May 2026, 08:20
British Pound Weakens Against Euro as UK Political Turmoil Weighs on Sentiment: Danske Bank
BitcoinWorld British Pound Weakens Against Euro as UK Political Turmoil Weighs on Sentiment: Danske Bank The British pound has edged lower against the euro in recent trading sessions, pressured by renewed political uncertainty in the United Kingdom, according to analysts at Danske Bank. The currency pair, which reflects the exchange rate between the UK and the eurozone, has seen the pound give up some of its earlier gains as investors reassess the political landscape. Political Headwinds Weigh on Sterling Danske Bank strategists point to a combination of domestic political factors that have eroded confidence in the pound. Recent developments in Westminster, including internal party divisions and policy disagreements, have created an atmosphere of unpredictability that currency markets typically dislike. The euro, meanwhile, has found some support from relatively stable political conditions in the eurozone and expectations of continued monetary policy tightening from the European Central Bank. The GBP/EUR pair has moved within a narrow but downward-sloping channel, reflecting a cautious market stance. Danske Bank notes that the pound’s vulnerability is not solely driven by political noise; economic data from the UK has also been mixed, with inflation remaining sticky while growth indicators show signs of slowing. This combination makes sterling particularly sensitive to any negative sentiment shifts. Market Implications and Outlook For businesses and investors with exposure to UK and eurozone markets, the weakening pound carries practical consequences. Importers paying in euros face higher costs, while UK exporters may benefit from a more competitive exchange rate. Danske Bank’s analysis suggests that the pound could remain under pressure in the near term unless there is a clear resolution to the political uncertainties. What to Watch Key events that could influence the pound’s trajectory include upcoming parliamentary votes, economic data releases such as GDP and inflation figures, and any signals from the Bank of England regarding interest rate policy. Danske Bank advises clients to monitor political developments closely, as any signs of stability or progress could trigger a rebound in sterling. Conclusion The British pound’s decline against the euro, as highlighted by Danske Bank, underscores the market’s sensitivity to political turmoil in the UK. While the move has been measured, it reflects a broader caution among investors. The coming weeks will be critical in determining whether sterling can stabilize or face further headwinds. FAQs Q1: Why is the British pound falling against the euro? The pound is weakening primarily due to political uncertainty in the UK, which has dampened investor confidence. Danske Bank analysts point to domestic political divisions and policy disagreements as key factors. Q2: How does a weaker pound affect UK consumers and businesses? A weaker pound makes imports more expensive, potentially raising costs for businesses and consumers. However, it can benefit exporters by making UK goods cheaper abroad. Q3: What could reverse the pound’s decline? Clear signs of political stability, stronger-than-expected UK economic data, or a more hawkish stance from the Bank of England could help the pound recover against the euro. This post British Pound Weakens Against Euro as UK Political Turmoil Weighs on Sentiment: Danske Bank first appeared on BitcoinWorld .
13 May 2026, 07:25
Upbit to Temporarily Halt Cronos (CRO) Deposits and Withdrawals for Network Upgrade
BitcoinWorld Upbit to Temporarily Halt Cronos (CRO) Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for Cronos (CRO) tokens, citing an upcoming network upgrade. The halt is scheduled to take effect at 3:00 p.m. UTC on May 19, 2025, and will remain in place until the upgrade is completed and the network is deemed stable. Details of the Suspension Upbit, one of the largest digital asset exchanges in South Korea by trading volume, stated that the suspension is a precautionary measure to ensure user funds remain secure during the Cronos network’s scheduled upgrade. During this period, CRO deposits and withdrawals will be fully disabled, while trading pairs involving CRO may continue to operate as normal, depending on market conditions and exchange policies. The Cronos network, developed by Crypto.com, is a blockchain designed to support decentralized applications (dApps) and DeFi protocols. Network upgrades are routine events that introduce new features, improve scalability, or patch security vulnerabilities. Such upgrades often require validators and node operators to update their software, which can temporarily disrupt network services. What This Means for CRO Holders For traders and investors holding CRO on Upbit, the suspension means they will not be able to move their tokens to external wallets or other exchanges during the maintenance window. Users are advised to complete any pending transfers before the cutoff time to avoid delays. Upbit has not specified an exact end time for the suspension, but similar events typically last between a few hours and a full day, depending on the complexity of the upgrade and the network’s ability to reach consensus afterward. It is important to note that the suspension applies only to deposits and withdrawals. Spot trading of CRO on Upbit may remain active, though liquidity could be affected if users are unable to deposit additional tokens. The exchange has urged users to monitor its official announcements for updates on the resumption of services. Broader Context and Market Impact Network upgrade-related suspensions are common across centralized exchanges. Binance, Coinbase, and Kraken have all implemented similar halts during major blockchain updates. While such events can cause short-term price volatility, they are generally viewed as a sign of network maturation and improved security. CRO has seen fluctuating trading volumes in recent months, and the suspension may add a layer of uncertainty for short-term traders. However, for long-term holders, the upgrade is a positive development that could enhance the Cronos ecosystem’s functionality and attract more developers. Conclusion Upbit’s decision to temporarily suspend CRO deposits and withdrawals is a standard operational procedure during network upgrades. Users should plan accordingly and ensure any necessary transfers are completed before the May 19 deadline. The exchange will likely resume services shortly after the upgrade is finalized, pending network stability checks. As always, staying informed through official channels is the best way to avoid disruptions. FAQs Q1: Why is Upbit suspending CRO deposits and withdrawals? The suspension is due to a scheduled Cronos network upgrade. Exchanges often halt deposits and withdrawals during such events to prevent transaction failures or losses. Q2: How long will the suspension last? Upbit has not given a specific end time. The suspension begins at 3:00 p.m. UTC on May 19 and will continue until the network upgrade is complete and stable. Similar suspensions typically last from a few hours to a day. Q3: Can I still trade CRO on Upbit during the suspension? Deposits and withdrawals are suspended, but spot trading may remain available. However, liquidity could be affected, and users should check Upbit’s official updates for any changes to trading pairs. This post Upbit to Temporarily Halt Cronos (CRO) Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .
13 May 2026, 06:40
Bitfinex Secures Crypto License in El Salvador, Expanding Regulated Presence
BitcoinWorld Bitfinex Secures Crypto License in El Salvador, Expanding Regulated Presence Bitfinex, one of the world’s largest cryptocurrency exchanges, has obtained a Digital Asset Service Provider (DASP) license in El Salvador, marking a significant step in its regulatory expansion within the Central American nation. The license, granted by the country’s central bank and digital asset authorities, allows Bitfinex to offer a range of crypto-related services under local law. Regulatory Milestone in a Pro-Bitcoin Nation The DASP license follows Bitfinex’s earlier approval for its derivatives division in El Salvador in January. The country, which became the first in the world to adopt Bitcoin as legal tender in 2021, has since developed a comprehensive regulatory framework for digital assets. The new license positions Bitfinex to operate as a fully regulated entity in the jurisdiction, covering services such as custody, trading, and asset management. Why This Matters for the Crypto Industry El Salvador has emerged as a testing ground for Bitcoin integration, and its licensing regime is closely watched by global regulators. For Bitfinex, securing a DASP license provides a legally compliant base in a jurisdiction that actively courts crypto businesses. This move may encourage other exchanges to seek similar approvals, potentially increasing competition and regulatory clarity in the region. It also signals that El Salvador’s regulatory framework is maturing, moving beyond initial adoption to structured oversight. Broader Implications for Digital Asset Regulation The license aligns with a global trend where exchanges seek regulated status to build trust with institutional investors and comply with anti-money laundering standards. Bitfinex’s presence in El Salvador could also facilitate local businesses and individuals in accessing digital asset services with greater legal certainty. However, the exchange continues to face scrutiny in other jurisdictions, making its regulated foothold in El Salvador strategically important. Conclusion Bitfinex’s DASP license in El Salvador represents a concrete step in the exchange’s regulatory strategy and reinforces the country’s role as a hub for digital asset innovation. As more firms seek to operate within established legal frameworks, this development may influence how other nations approach crypto licensing. FAQs Q1: What is a DASP license in El Salvador? A DASP (Digital Asset Service Provider) license is a regulatory authorization issued by El Salvador’s central bank and digital asset authorities. It allows companies to legally offer services such as crypto trading, custody, and asset management within the country’s legal framework. Q2: Why did Bitfinex choose El Salvador for this license? El Salvador has a progressive stance on Bitcoin and digital assets, having adopted Bitcoin as legal tender in 2021. The country offers a clear regulatory path for crypto businesses, making it an attractive jurisdiction for exchanges seeking compliant operations. Q3: Does this license affect Bitfinex’s operations in other countries? No, the DASP license is specific to El Salvador. Bitfinex continues to operate under various regulatory frameworks globally. This license strengthens its regulated footprint but does not change its status in other jurisdictions where it may face different legal requirements. This post Bitfinex Secures Crypto License in El Salvador, Expanding Regulated Presence first appeared on BitcoinWorld .
