Invest ideasNews
2 Jun 2026, 14:45
Bithumb to Halt TON Deposits and Withdrawals for Network Upgrade
BitcoinWorld Bithumb to Halt TON Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposit and withdrawal services for Toncoin (TON), the native token of The Open Network. The halt is scheduled to begin at 1:00 p.m. UTC on June 2, 2025, to support an upcoming mainnet upgrade. Why Bithumb Is Suspending TON Services According to an official notice from Bithumb, the suspension is a standard operational measure required to facilitate a network upgrade on the Toncoin blockchain. Mainnet upgrades often involve changes to the underlying protocol, and exchanges typically pause token movements to ensure data integrity and prevent transaction errors during the transition period. The exchange has not specified the exact duration of the suspension, but such halts usually last until the upgrade is successfully completed and network stability is confirmed. Bithumb has advised users to complete any pending TON transactions before the cutoff time to avoid delays. What This Means for Toncoin Traders For active traders on Bithumb, the suspension means that TON deposits and withdrawals will be unavailable for an undetermined period. Trading pairs involving TON on the spot market may continue to operate as usual, depending on the exchange’s internal policies during the maintenance window. Users holding TON on the platform should be aware that they will not be able to move tokens to external wallets or deposit new tokens from other exchanges or wallets until the service is restored. This could affect arbitrage strategies or time-sensitive transfers. Context: Toncoin’s Recent Network Activity Toncoin has been undergoing a series of upgrades aimed at improving scalability, transaction speed, and smart contract functionality. The Open Network, originally developed by Telegram, has seen increased adoption in decentralized applications and payment services. Regular network upgrades are a sign of active development but can create short-term friction for exchange users. Conclusion Bithumb’s temporary suspension of TON deposits and withdrawals is a routine technical measure to support a mainnet upgrade. While the exact timeline for resumption remains unannounced, the halt is expected to last only as long as necessary to ensure network stability. Traders and holders should plan accordingly and monitor Bithumb’s official announcements for updates on service restoration. FAQs Q1: When does the TON suspension on Bithumb start? A1: The suspension begins at 1:00 p.m. UTC on June 2, 2025. Q2: Why is Bithumb suspending TON services? A2: The suspension is to support a mainnet upgrade on the Toncoin blockchain, which requires temporary halting of deposits and withdrawals to ensure data integrity. Q3: How long will the suspension last? A3: Bithumb has not announced a specific end time. The suspension will remain in place until the mainnet upgrade is completed and network stability is verified. This post Bithumb to Halt TON Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .
2 Jun 2026, 14:32
Gold replaces US Treasuries as top global reserve asset, latest ECB report says
A recent report published by the European Central Bank today has stated that central banks globally now hold more gold than US government bonds and treasuries in their reserves for the very first time. Geopolitical tensions, concerns over a risk of sanctions, and a growing desire among some countries to lessen their exposure to dollar-denominated assets have been key factors driving this shift in central bank reserve allocations . The golden switch The ECB’s had assessed the international role of the euro over the past year and found that gold accounted for 27% of global central bank reserves as at the end of 2025. This figure stood at 20% just one year earlier. US Treasuries, however, moved in the opposite direction, falling from 25% to 22% through the same period of 2025, according to the report. Assets linked to the euro remained steady at 15% wtih no increase or drop. This ‘switch’ means gold has officially displaced the dominant reserve asset for the past few decades after the World Wars. The US government debt and treasuries served as the default store of value for central banks in managing exchange rate stability and liquidity. This has now switched actively to gold as a store of value. U.S. sanctions a catalyst After Russia’s invasion of Ukraine in 2022 and the war that followed, the US and its allies froze Russian dollar-based reserves in support of Ukraine. This move then prompted world governments to assess how much of their national wealth sat in assets the United States could restrict, and how this could be changed as noted by the ECB findings . ECB President Christine Lagarde addressed the trend directly in the report. “Geopolitical tensions continue to drive strong demand for gold among central banks,” Lagarde said. Gold, on the other hand, carries no such risk and cannot be frozen by a foreign government, a trait that became more attractive to central banks and world governments after the U.S.’ actions in 2022. Will this switch affect demand for the dollar? The results of the ECB’s assessment do not point to an immediate drop in demand for U.S. government debt. U.S. Treasuries continue to account for more than one-fifth of global foreign exchange reserves, while the dollar remains the dominant currency in international trade and finance. Notably, the ECB ‘s report also found that the euro’s share of global reserves had remained the same over the time period, which ultimately suggests the central bank value purchases are flowing primarily into gold rather than into competing reserve currencies. China, India, Turkey, and Poland have been the largest buyers of gold for their central banks in recent years, as gold purchases by governments have continued to rise since 2022. If you're reading this, you’re already ahead. Stay there with our newsletter .
2 Jun 2026, 14:17
Mt Gox To Sell BTC Like Strategy? Moves $731M to New Wallet
Mt. Gox moved more than 10,000 Bitcoin to new addresses on Tuesday, renewing market attention on the defunct exchange’s creditor repayment process as Bitcoin traded under pressure. On-chain data from Arkham Intelligence showed that Mt. Gox transferred 10,422.65 BTC, worth about $739 million, from cold storage in a transaction recorded at 04:47 UTC. Most of the transfer went to a newly created address. The transaction sent 10,306.35 BTC, valued near $730.78 million, to an unmarked wallet beginning with 14FEEM. A smaller 116.30 BTC portion, worth about $8.25 million, was routed to a known Mt. Gox hot wallet. The move was recorded in Bitcoin block 952,072 and marked the largest Mt. Gox Bitcoin transfer in months. Arkham data showed the transferred coins remained unspent after the move, and there was no immediate sign that the funds had been sent to a custodian or crypto exchange for sale. Mt. Gox Transfers Bitcoin Before October Deadline The transaction comes ahead of Mt. Gox’s current repayment deadline of October 31, 2026. The deadline was extended by a Tokyo court in October 2025 after earlier delays linked to creditor procedures and processing requirements. Mt. Gox began creditor repayments in mid-2024 through partner exchanges including Kraken and Bitstamp. The rehabilitation process has been watched closely by Bitcoin traders because many creditor coins were originally acquired before the exchange collapsed in 2014. The latest transfer followed a pattern seen in earlier Mt. Gox wallet movements, where large internal transfers took place before creditor distributions. However, Tuesday’s transaction does not confirm that repayments or sales are imminent. On-chain trackers showed the Bitcoin had not yet moved onward to exchange deposit wallets. Arkham also showed that Mt. Gox made another smaller movement around 6:46 UTC, sending 116.3 BTC to another address and a very small amount of Bitcoin to a Bitstamp cold wallet. The exact purpose of those smaller transfers was not immediately clear from the wallet data provided. Creditor Repayments Remain Key Market Concern Mt. Gox still holds about 34,504 BTC, valued near $2.43 billion, across its wallets. The remaining balance makes it one of the largest unresolved Bitcoin holdings connected to a failed crypto exchange. The exchange was once the world’s largest Bitcoin trading venue, processing a large share of global BTC volume before its collapse. Mt. Gox filed for bankruptcy protection after losing about 850,000 BTC in a 2014 hack. Around 19,500 creditors have been involved in the repayment process. Since many of the recovered coins were bought when Bitcoin traded far below current prices, markets continue to monitor whether distributions lead to selling by some recipients. Still, the latest transfer by itself does not show that Mt. Gox plans to sell Bitcoin. The movement may be administrative, connected to repayment preparation, wallet management, or trustee operations. Without coins reaching an exchange or sale venue, the market has no confirmation of disposal. Strategy Sale Adds Context as BTC Weakens The Mt. Gox transfer came shortly after Strategy disclosed its first net Bitcoin reduction in nearly four years. The company sold 32 BTC for about $2.5 million between May 26 and May 31, 2026, at an average price of $77,135 per coin. Strategy said proceeds from the sale would help fund preferred stock dividend payments. The company still holds 843,706 BTC, making the sale a very small portion of its total Bitcoin treasury. The timing placed both Mt. Gox and Strategy in focus as Bitcoin traded near two-month lows. BTC recently slipped below $70,000 after facing ETF outflows, weaker risk appetite, and renewed concerns tied to U.S.-Iran tensions. Market participants are watching whether Mt. Gox coins remain idle, move to repayment partners, or enter exchange wallets. For now, the on-chain data shows a large transfer to a new wallet rather than a confirmed sale.
2 Jun 2026, 13:25
Mt. Gox Moves $739M in Bitcoin as Repayment Deadline Looms
The defunct exchange still has about 35,000 BTC left to distribute, though the latest transfer does not show a sale.
2 Jun 2026, 13:13
Shiba Inu exchange inflows surpass 407 billion SHIB
🐕 407 billion SHIB moved to exchanges, intensifying selling pressure in $SHIB. This surge pushed total exchange balances over 80 trillion SHIB. 📉 SHIB is trading below key support, with downside risk if bears break $0.0000054. Continue Reading: Shiba Inu exchange inflows surpass 407 billion SHIB The post Shiba Inu exchange inflows surpass 407 billion SHIB appeared first on COINTURK NEWS .
2 Jun 2026, 13:10
Morgan Stanley Moves 71 Bitcoin to Coinbase, Signaling Potential Institutional Sell-Off
BitcoinWorld Morgan Stanley Moves 71 Bitcoin to Coinbase, Signaling Potential Institutional Sell-Off Morgan Stanley, one of the world’s largest investment banks, has deposited 71.664 Bitcoin — valued at approximately $5.09 million — to the Coinbase cryptocurrency exchange, according to on-chain data from Arkham Intelligence. The transfer, detected on March 26, 2025, is widely interpreted by market analysts as a preparatory move for a potential sale, given the size and destination of the transaction. Institutional Bitcoin Activity on the Rise The deposit comes amid a broader trend of increased movement of digital assets by major financial institutions. While Morgan Stanley has not publicly commented on the transaction, on-chain analysis firms like Arkham track such wallet-to-exchange transfers as indicators of possible selling pressure. The 71.664 BTC moved represents a relatively modest portion of the bank’s overall crypto holdings, but its timing and destination have drawn attention from traders monitoring institutional behavior. What This Means for the Market Large transfers to exchanges are often interpreted as bearish signals, as they suggest an intent to liquidate. However, the impact of a single $5 million sale on the broader Bitcoin market is likely limited. More significant is the pattern it represents: traditional financial giants are actively managing their digital asset portfolios, moving coins between custody and trading platforms with increasing frequency. Context and Implications Morgan Stanley first entered the Bitcoin space in 2021, offering its wealthy clients access to Bitcoin funds. Since then, the bank has navigated the volatile crypto market with caution. This latest move may reflect routine portfolio rebalancing, profit-taking, or risk management rather than a bearish outlook. Without official confirmation, the intent remains speculative, but the data provides a rare window into the actions of a major institutional player. Conclusion The deposit of 71.664 BTC by Morgan Stanley to Coinbase is a notable data point in the ongoing story of institutional crypto adoption. While the immediate market impact is small, it underscores the growing transparency of on-chain movements and the importance of tracking whale activity. Investors should watch for further transfers or official statements that could clarify the bank’s strategy. FAQs Q1: Why is a Bitcoin deposit to Coinbase considered a potential sale? When large amounts of Bitcoin are moved from a private wallet to a centralized exchange like Coinbase, it often signals an intention to sell, as exchanges provide liquidity for converting crypto to fiat currency. Q2: How much Bitcoin does Morgan Stanley hold? Exact figures are not publicly disclosed, but the bank has allocated a portion of its client assets to Bitcoin funds since 2021. The 71.664 BTC moved is likely a fraction of its total holdings. Q3: Should retail investors be concerned about this move? Not necessarily. Institutional moves of this size are common and may reflect routine portfolio management. The broader market trend and overall Bitcoin demand remain more important factors for retail investors. This post Morgan Stanley Moves 71 Bitcoin to Coinbase, Signaling Potential Institutional Sell-Off first appeared on BitcoinWorld .
