Invest ideasNews
12 May 2026, 03:08
Ethereum Price Rejected Near $2,400 Again, Sellers Defend Key Barrier
Ethereum price started a downside correction from $2,380. ETH is now showing a few bearish signs and might decline further if it trades below $2,300. Ethereum started a downside correction below the $2,360 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,350 zone. Ethereum Price Dips Again Ethereum price failed to stay above the $2,365 zone and extended its decline, like Bitcoin . ETH price gained pace for a move below the $2,350 and $2,340 levels. There was a break below a bullish trend line with support at $2,340 on the hourly chart of ETH/USD. The bears pushed the price below the 50% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high. Finally, the bulls appeared near $2,300. Ethereum price is now trading below $2,340 and the 100-hourly Simple Moving Average. If the bulls remain in action above $2,300, the price could attempt another increase . Immediate resistance is seen near the $2,340 level. The first key resistance is near the $2,365 level. The next major resistance is near the $2,380 level. A clear move above the $2,380 resistance might send the price toward the $2,400 resistance. An upside break above the $2,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,440 resistance zone or even $2,450 in the near term. More Downside In ETH? If Ethereum fails to clear the $2,350 resistance, it could start a fresh decline. Initial support on the downside is near the $2,300 level and the 76.4% Fib retracement level of the upward move from the $2,265 swing low to the $2,382 high. The first major support sits near the $2,265 zone. A clear move below the $2,265 support might push the price toward the $2,220 support. Any more losses might send the price toward the $2,200 region. The main support could be $2,150. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,300 Major Resistance Level – $2,380
12 May 2026, 03:00
Lido DAO nears breakout zone as whales back $3.7mln LDO long
Large holders continued accumulating LDO, while exchange reserves declined over the past seven days.
12 May 2026, 02:35
Bitcoin Price Eyes $82K Break, Bulls Prepare For Bigger Rally
Bitcoin price started a downside correction from the $82,000 zone. BTC is consolidating and might aim for a fresh increase if it clears $82,000. Bitcoin failed to stay above $81,500 and extended losses. The price is trading above $80,500 and the 100 hourly simple moving average. There is a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $81,800 and $82,000 levels. Bitcoin Price Dips Again Bitcoin price failed to clear the $82,000 resistance zone . BTC started a downside correction below the $81,500 and $81,200 levels to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward move from the $80,421 swing low to the $82,100 high. However, the bulls were active above $80,500. There is also a key contracting triangle forming with support at $80,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $80,500 and the 100 hourly simple moving average . If the price remains stable above $80,500, it could attempt a fresh increase. Immediate resistance is near the $81,500 level. The first key resistance is near the $81,800 level. A close above the $81,800 resistance might send the price further higher. In the stated case, the price could rise and test the $82,250 resistance. Any more gains might send the price toward the $82,500 level. The next barrier for the bulls could be $83,500. Downside Extension In BTC? If Bitcoin fails to rise above the $81,800 resistance zone, it could start another decline. Immediate support is near the $80,800 level or the 76.4% Fib retracement level of the upward move from the $80,421 swing low to the $82,100 high. The first major support is near the $80,400 level. The next support is now near the $79,400 zone. Any more losses might send the price toward the $79,000 support in the near term. The main support now sits at $78,500, below which BTC might struggle to recover in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $80,800, followed by $80,400. Major Resistance Levels – $81,800 and $82,000.
12 May 2026, 02:20
Upbit to Halt Polkadot (DOT) Deposits and Withdrawals for Scheduled Wallet Upgrade
BitcoinWorld Upbit to Halt Polkadot (DOT) Deposits and Withdrawals for Scheduled Wallet Upgrade South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposit and withdrawal services for Polkadot (DOT) in order to facilitate a planned wallet upgrade. The move, which affects one of the major proof-of-stake networks, is part of standard exchange maintenance procedures aimed at enhancing network security and user experience. Timeline and Scope of the Suspension According to Upbit’s official notice, the suspension will take effect on [Insert Date if known, otherwise: a date to be announced]. During this period, all DOT deposit and withdrawal requests will be paused. Trading of DOT against other cryptocurrencies and fiat pairs on the exchange is expected to continue as normal, though users are advised to confirm this on Upbit’s platform. The exchange has stated that the upgrade is necessary to implement the latest protocol improvements on the Polkadot network. Such upgrades often involve changes to the underlying wallet infrastructure to ensure compatibility with new features, security patches, or network forks. Implications for Traders and Holders For active traders and long-term holders of DOT on Upbit, the suspension means that they will be unable to move their tokens off the exchange or deposit new DOT until the upgrade is complete. This can be a critical consideration for users who rely on quick transfers for arbitrage opportunities or who want to participate in Polkadot’s on-chain governance or staking activities. What Users Should Do Users who need to transfer DOT to external wallets, such as a hardware wallet or another exchange, should do so before the suspension begins. Those planning to deposit DOT to Upbit should also ensure their transactions are completed ahead of the deadline. The exchange typically resumes services after a successful upgrade and internal testing, which can take several hours to a day. It is also prudent for users to monitor Upbit’s official announcements for the exact resumption time, as delays can occur if unexpected issues arise during the upgrade process. Broader Context: Exchange Wallet Upgrades Wallet upgrades are a routine but essential part of exchange operations. They ensure that the exchange’s infrastructure remains synchronized with the latest blockchain protocol updates. For networks like Polkadot, which undergo regular runtime upgrades and parachain developments, exchanges must stay current to prevent compatibility issues that could lead to lost funds or transaction failures. Upbit’s proactive approach to maintaining its wallet infrastructure aligns with industry best practices. However, the temporary inconvenience highlights the dependency of centralized exchange users on the exchange’s operational schedule. Conclusion The temporary suspension of DOT deposits and withdrawals on Upbit is a scheduled technical measure designed to improve the platform’s reliability and security. While it may cause short-term friction for some users, the upgrade is ultimately aimed at providing a more stable and feature-complete service. Users are advised to plan their transactions accordingly and stay informed through Upbit’s official communication channels. FAQs Q1: Will my DOT balance on Upbit be affected during the suspension? No, your DOT balance will remain intact and accessible for trading. Only deposits and withdrawals are temporarily disabled. Q2: How long will the suspension last? The exact duration depends on the upgrade process. Upbit will resume services after the wallet upgrade is completed and tested. Typically, such suspensions last from a few hours to a day. Q3: Can I still trade DOT on Upbit during the suspension? Yes, trading of DOT is expected to continue normally on the exchange. The suspension only affects the ability to deposit or withdraw DOT tokens. This post Upbit to Halt Polkadot (DOT) Deposits and Withdrawals for Scheduled Wallet Upgrade first appeared on BitcoinWorld .
12 May 2026, 02:15
Upbit Halts Deposits and Withdrawals for ASTR, ENJ, POLYX, and TAO During Wallet Upgrades
BitcoinWorld Upbit Halts Deposits and Withdrawals for ASTR, ENJ, POLYX, and TAO During Wallet Upgrades South Korea’s largest cryptocurrency exchange, Upbit, has announced a temporary suspension of deposit and withdrawal services for four digital assets: Astar Network (ASTR), Enjin Coin (ENJ), Polymesh (POLYX), and Bittensor (TAO). The exchange cited scheduled wallet upgrades as the reason for the interruption, a routine but impactful maintenance procedure that affects user access to these tokens. Timeline and Scope of the Suspension According to Upbit’s official notice, the suspension took effect on [Date of suspension, if known, otherwise state ‘the morning of [Date]’]. The exchange has not provided a specific end time for the maintenance, stating that services will resume once the upgrades are complete and stability is verified. Users are advised to monitor Upbit’s announcements for updates on the resumption of normal operations. The affected tokens represent a diverse cross-section of the crypto ecosystem: ASTR is the native token of the Astar Network, a smart contract platform on Polkadot; ENJ is the utility token for the Enjin ecosystem, focused on gaming and NFTs; POLYX is the native token of Polymesh, a blockchain for regulated securities; and TAO powers the Bittensor network, a decentralized machine learning protocol. This variety underscores the broad scope of Upbit’s wallet infrastructure. Implications for Traders and Investors For traders holding these assets on Upbit, the suspension means they cannot move funds to external wallets or other exchanges during the maintenance window. This can be particularly disruptive for active traders who rely on arbitrage opportunities or need to react quickly to market movements. The inability to withdraw also raises security considerations, as users are temporarily unable to transfer assets to cold storage or other self-custody solutions. Historically, wallet upgrade suspensions on major exchanges like Upbit are short-lived, typically lasting a few hours to a day. However, delays can occur if unforeseen technical issues arise. Users should plan accordingly and avoid initiating time-sensitive transactions involving these tokens until services are fully restored. Market Context and Broader Relevance Upbit’s decision comes amid a period of heightened regulatory scrutiny for South Korean exchanges. The exchange has consistently maintained a rigorous approach to wallet security and system upgrades, which sometimes leads to temporary service interruptions. While such suspensions are standard industry practice, they can cause short-term price volatility for the affected tokens as trading volumes adjust. For ASTR, ENJ, POLYX, and TAO holders, this event is a reminder of the importance of monitoring exchange announcements, especially during periods of network upgrades or protocol changes. Diversifying holdings across multiple platforms or maintaining some assets in self-custody can mitigate the impact of such suspensions. Conclusion Upbit’s temporary halt on ASTR, ENJ, POLYX, and TAO deposits and withdrawals is a routine maintenance event driven by wallet upgrades. While the suspension is expected to be brief, it highlights the operational dependencies that exist between centralized exchanges and the underlying blockchain networks. Users are encouraged to stay informed through official channels and to plan their trading activities accordingly. FAQs Q1: How long will the Upbit suspension last? A1: Upbit has not specified an exact duration. The suspension will remain in effect until the wallet upgrades are completed and the exchange confirms system stability. Users should check Upbit’s official announcements for updates. Q2: Can I still trade ASTR, ENJ, POLYX, or TAO on Upbit during the suspension? A2: Trading on Upbit’s internal order book is typically not affected by deposit and withdrawal suspensions. However, the inability to move tokens in or out of the exchange may impact trading strategies, especially for arbitrage. Q3: What should I do if I need to move my tokens urgently? A3: If you require immediate access to your ASTR, ENJ, POLYX, or TAO tokens, you may need to use another exchange or a decentralized platform. For funds already on Upbit, you will have to wait until the suspension is lifted to withdraw them. This post Upbit Halts Deposits and Withdrawals for ASTR, ENJ, POLYX, and TAO During Wallet Upgrades first appeared on BitcoinWorld .
12 May 2026, 01:55
Ondo Finance Moves $63.88M in ONDO, Deposits $9.15M to Coinbase and Bybit
BitcoinWorld Ondo Finance Moves $63.88M in ONDO, Deposits $9.15M to Coinbase and Bybit Ondo Finance (ONDO), a decentralized finance protocol focused on institutional-grade asset management, has moved a significant amount of its native token, ONDO, to external wallets and centralized exchanges. According to blockchain analytics firm EmberCN, a multisig wallet associated with Ondo Finance transferred 150 million ONDO tokens, valued at approximately $63.88 million, to an external address seven hours ago. Subsequently, one hour ago, 21.338 million ONDO, worth roughly $9.15 million, was deposited into the exchanges Coinbase and Bybit. What the On-Chain Movement Suggests In the cryptocurrency market, large deposits of tokens to centralized exchanges are widely interpreted by analysts and traders as a precursor to selling. When a project or large holder moves assets onto an exchange, it often signals an intent to liquidate a portion of the holdings, which can introduce selling pressure on the token’s price. The movement of 150 million ONDO to an intermediate wallet, followed by a tranche being sent to trading platforms, fits this pattern. The remaining tokens in the external wallet could be earmarked for further exchange deposits or other strategic purposes. Context and Market Implications Ondo Finance is a notable player in the real-world asset (RWA) tokenization space, a sector that has seen increased institutional interest. The project’s token, ONDO, has experienced volatility typical of the broader crypto market. This large-scale movement occurs at a time when the overall market is sensitive to large token unlocks and whale movements. While the deposit does not guarantee an immediate sell-off, it raises the probability of increased supply on exchanges, which could weigh on the token’s short-term price performance. As of the time of reporting, ONDO’s price has not yet shown a significant reaction to the news, but traders are closely monitoring the address for further activity. Why This Matters to Investors For holders and potential investors in ONDO, on-chain data like this provides a transparent window into the actions of major stakeholders. Unlike traditional finance, where large trades can be opaque, blockchain transactions are publicly verifiable. Understanding these movements helps market participants make more informed decisions. The deposit to multiple exchanges—Coinbase, a major U.S.-based platform, and Bybit, a leading derivatives exchange—suggests a strategy to access both spot and derivatives markets, potentially to hedge or execute a large sale efficiently. Conclusion The movement of 150 million ONDO tokens from Ondo Finance’s multisig wallet, followed by a $9.15 million deposit to Coinbase and Bybit, is a significant on-chain event. While not a definitive signal, it is a development that warrants attention from the crypto community, as it may indicate upcoming selling activity. The situation remains fluid, and further on-chain monitoring will be necessary to gauge the full impact on ONDO’s market dynamics. FAQs Q1: What is a multisig wallet and why is it significant here? A multisig (multi-signature) wallet requires multiple private keys to authorize a transaction, adding a layer of security. Its use by Ondo Finance indicates that the token movement was likely a coordinated, authorized action by the project’s team or treasury, rather than a hack or unauthorized transfer. Q2: Does a deposit to an exchange always mean a sale is happening? Not always, but it is a strong indicator. While tokens could be deposited for staking, lending, or other DeFi activities, moving assets to a centralized exchange’s wallet is the standard first step for selling or trading on the order book. The market generally treats such deposits as bearish sentiment. Q3: How can I track these transactions myself? You can use blockchain explorers like Etherscan (for Ethereum-based tokens) or specialized on-chain analytics platforms like EmberCN, Nansen, or Arkham Intelligence. By entering the wallet address, you can view all incoming and outgoing transactions in real-time. This post Ondo Finance Moves $63.88M in ONDO, Deposits $9.15M to Coinbase and Bybit first appeared on BitcoinWorld .
