hodler

5 Jun 2026, 05:50

Upbit to Temporarily Halt POKT Deposits and Withdrawals for Network Upgrade

BitcoinWorld Upbit to Temporarily Halt POKT Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Upbit has announced a temporary suspension of deposits and withdrawals for Pocket Network (POKT), citing an upcoming network upgrade. The halt will take effect at 9:00 a.m. UTC on June 9, 2025, and is expected to last until the upgrade is completed and the network is deemed stable. Details of the Suspension According to Upbit’s official notice, the suspension is a standard precautionary measure to ensure user funds remain secure during the network upgrade process. The exchange has not specified the exact duration of the halt, but similar suspensions typically last between a few hours and a full day, depending on the complexity of the upgrade and the stability of the network after the changes are applied. Users holding POKT on Upbit are advised to complete any pending transactions before the deadline. Deposits and withdrawals initiated after the cutoff time will not be processed until the suspension is lifted. Trading of POKT on Upbit may continue as normal, but users should verify the current status on the platform. Implications for Pocket Network and Traders Pocket Network is a decentralized blockchain platform designed to provide infrastructure for Web3 applications, focusing on decentralized node services. Network upgrades are routine events that introduce improvements, bug fixes, or new features. While such upgrades are generally non-controversial, they can cause temporary disruption for users who need to move tokens between exchanges and wallets. For traders, the suspension means that arbitrage opportunities or quick exits from POKT positions may be limited during the downtime. Those relying on Upbit for POKT liquidity should plan accordingly. The broader impact on the POKT market will depend on the upgrade’s success and any subsequent announcements from the Pocket Network team. What Users Should Do Upbit users holding POKT should take the following steps: Complete any necessary deposits or withdrawals before 9:00 a.m. UTC on June 9. Monitor Upbit’s official announcements for updates on the resumption of services. Check the Pocket Network team’s communication channels for details about the upgrade itself. Conclusion Upbit’s temporary suspension of POKT deposits and withdrawals is a routine but important operational measure tied to a network upgrade. While the halt may cause short-term inconvenience for some users, it is a standard practice to protect assets during technical changes. Traders and holders should stay informed through official channels to avoid disruption. FAQs Q1: When will Upbit resume POKT deposits and withdrawals? The resumption depends on the completion and stability of the Pocket Network upgrade. Upbit will announce the exact time once the network is confirmed stable. Q2: Can I still trade POKT on Upbit during the suspension? Trading may continue as normal, but deposits and withdrawals will be halted. Check Upbit’s platform for the latest status on trading pairs. Q3: Is this suspension related to any security issue? No. Upbit has stated the suspension is solely due to a scheduled network upgrade, not a security incident or vulnerability. This post Upbit to Temporarily Halt POKT Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .

5 Jun 2026, 05:49

Will Markets Continue to Fall When $1.8B Crypto Options Expire Today?

Around 26,000 Bitcoin options contracts will expire on Friday, June 5, with a notional value of roughly $1.6 billion. This is smaller than last week’s end-of-month event, so it is unlikely to impact spot markets. Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues to weaken and Ether and the altcoins get smashed. Military strikes between the US and Iran have continued, a deal still seems elusive, and global inflationary pressures are rising. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.56, meaning that sellers of long contracts far outweigh short contract sellers. Max pain is around $71,000, according to Coinglass, which is much higher than current spot prices, so most could be out of the money on expiry. Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $80,000 strike price on Deribit, with $1.6 billion, but short sellers still have $1.1 billion in OI at $60,000. Total BTC options OI across all exchanges has been declining recently, and is at $31.6 billion, according to Coinglass. BTC spot is trading around $8,000 below max pain after a brutal week that saw $1.5 billion in liquidations and a brief flush under $62,000 while its positioning skews heavily call-side, said Deribit. Meanwhile, crypto derivatives provider Greeks Live said , “With the price breaking below $70K, bears have become more aggressive, with significant increases in put positions at $68K, $65K, and $60K.” Options Expiry Alert At 08:00 UTC tomorrow, ~$1.81B in crypto options are set to expire on Deribit. $BTC : $1.56B notional | P/C: 0.56 | Max Pain: $71K $ETH : $252M notional | P/C: 0.97 | Max Pain: $2K BTC spot is trading ~$8K below max pain after a brutal week that saw… pic.twitter.com/qmXv8uhHFr — Deribit (@DeribitOfficial) June 4, 2026 In addition to today’s batch of Bitcoin options, around 153,500 Ethereum contracts are also expiring, with a notional value of $266 million, max pain at $2,000, and a put/call ratio of 0.97. Total ETH options OI across all exchanges is around $5.7 billion. This brings the total crypto options expiry notional value to around $1.85 billion, a relatively small event. Spot Market Outlook It has been the worst week for crypto markets since early February, with total capitalization tanking to a four-month low of $2.26 trillion. Bitcoin bottomed at $61,300 on Thursday and has not recovered much above this level on Friday morning. The asset remains down over 50% from its peak and is at the bottom of its range-bound channel, where key support lies. Ether has been mauled, dropping to a 14-month low of $1,730, where it currently trades. Further losses are looking likely as we enter a red weekend for digital assets. The post Will Markets Continue to Fall When $1.8B Crypto Options Expire Today? appeared first on CryptoPotato .

5 Jun 2026, 05:45

BTC and ETH Options Expiry Sparks Surge in Downside Hedging Demand

BitcoinWorld BTC and ETH Options Expiry Sparks Surge in Downside Hedging Demand Market participants are increasingly turning to defensive strategies as approximately $1.9 billion in Bitcoin and Ethereum options contracts approach expiry at 8:00 a.m. UTC today. According to Adam, an analyst at Greeks.live, the heightened demand for downside hedging signals a cautious sentiment among traders, even as the broader market avoids betting on a one-sided decline. Options Expiry and Market Dynamics This week’s expiring volume represents roughly 6% of total open options positions, with the majority of gamma exposure (GEX) concentrated between $60,000 and $63,000 for Bitcoin. Adam noted that while the options market is not pricing in a sharp downturn, the surge in hedging activity suggests traders are bracing for potential volatility. The current market focus has shifted from crypto-specific catalysts to the performance of U.S. equities, which often influence risk appetite across digital assets. Both Bitcoin and Ethereum are trading well below their respective max pain prices—the strike price at which the most option buyers would lose their premiums—indicating that sellers have dominated the week’s activity. Implications for Traders The increased demand for downside protection reflects a broader uncertainty about near-term price direction. Adam emphasized that the key drivers to watch going forward are the return of capital inflows and Bitcoin’s ability to stabilize above critical support levels. Without fresh buying pressure, the market may remain range-bound. What This Means for Investors For retail and institutional investors alike, the hedging trend underscores the importance of risk management in the current environment. Options data provides a window into market sentiment, and the current skew toward defensive positions suggests that traders are prioritizing capital preservation over aggressive upside bets. Conclusion The $1.9 billion options expiry highlights a cautious but not bearish market. While hedging demand has risen, the absence of extreme directional bets points to a market waiting for clearer signals. Traders should monitor capital flows and Bitcoin’s price action around the $60,000 to $63,000 zone for signs of a definitive trend. FAQs Q1: What is gamma exposure (GEX) and why does it matter? Gamma exposure measures how the delta of an options position changes as the underlying asset price moves. High GEX concentrations can amplify price movements, making them a key metric for traders to anticipate volatility. Q2: What is the max pain price in options trading? The max pain price is the strike price at which the largest number of option buyers would lose their premiums at expiry. It often acts as a magnet for the underlying asset’s price as expiry approaches. Q3: Why is hedging demand increasing if the market isn’t expecting a sharp decline? Hedging can be a defensive measure to protect existing positions against unexpected moves. Even in a relatively stable market, traders may increase hedging to manage tail risks, especially during large expiry events. This post BTC and ETH Options Expiry Sparks Surge in Downside Hedging Demand first appeared on BitcoinWorld .

5 Jun 2026, 05:40

Swiss Franc Gains Ground as Market Sentiment Shifts on SNB Rate Outlook

BitcoinWorld Swiss Franc Gains Ground as Market Sentiment Shifts on SNB Rate Outlook The Swiss Franc (CHF) has strengthened against major currency pairs this week, even as market expectations for further interest rate hikes by the Swiss National Bank (SNB) have cooled. The move highlights a divergence between short-term monetary policy bets and broader safe-haven demand for the currency. Market Dynamics Behind the Franc’s Rise Despite a notable decline in the probability of an SNB rate increase at the next policy meeting, the Franc has appreciated against the Euro and the US Dollar. Traders are attributing the strength to a combination of factors, including renewed geopolitical uncertainty and a flight to quality assets. The Franc’s resilience suggests that the currency is being supported by structural demand rather than purely speculative rate expectations. SNB Policy Outlook in Focus The SNB has maintained a cautious stance, with recent commentary from policymakers emphasizing the need to monitor inflation dynamics closely. While rate hike odds have diminished, the central bank has not ruled out further tightening if price pressures re-emerge. The current market pricing reflects a more dovish outlook compared to the Federal Reserve and the European Central Bank, yet the Franc continues to outperform. Implications for Forex Traders and Investors For currency traders, the Franc’s strength presents both opportunities and risks. The CHF is often used as a funding currency in carry trades, and its appreciation can lead to unwinding of such positions. For Swiss exporters, a stronger Franc makes goods more expensive abroad, potentially weighing on corporate earnings. Investors holding Swiss assets may benefit from currency gains, but the broader economic impact warrants close monitoring. Conclusion The Swiss Franc’s recent appreciation, in the face of fading rate hike expectations, underscores the currency’s unique role as a safe haven. While the SNB’s next move remains uncertain, the market is signaling that factors beyond interest rates are driving demand for the Franc. Traders and analysts will be watching upcoming economic data and central bank communications for further clues. FAQs Q1: Why is the Swiss Franc strengthening if the SNB is unlikely to raise rates? The Franc’s strength is being driven by safe-haven demand amid global uncertainties, rather than solely by interest rate expectations. Investors are seeking stable assets, which supports the CHF. Q2: How does a stronger Swiss Franc affect the Swiss economy? A stronger Franc makes Swiss exports more expensive, which can hurt export-oriented industries like manufacturing and tourism. It also lowers the cost of imports, which can help contain inflation. Q3: What should forex traders watch for next? Traders should monitor SNB speeches, Swiss inflation data, and global risk sentiment. Any shift in geopolitical tensions or central bank guidance could trigger further volatility in CHF pairs. This post Swiss Franc Gains Ground as Market Sentiment Shifts on SNB Rate Outlook first appeared on BitcoinWorld .

5 Jun 2026, 05:35

Bithumb to Temporarily Halt HBAR Deposits and Withdrawals for Network Upgrade

BitcoinWorld Bithumb to Temporarily Halt HBAR Deposits and Withdrawals for Network Upgrade South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of deposits and withdrawals for Hedera (HBAR) due to a scheduled mainnet upgrade. The halt will take effect at 10:00 a.m. UTC on June 10, 2025. Timeline and Details of the Suspension According to the official notice from Bithumb, the suspension is directly tied to the Hedera network’s planned upgrade, which requires the exchange to update its infrastructure to maintain compatibility. Users are advised to complete any pending HBAR transactions before the cutoff time. The exchange has stated that services will resume once the network upgrade is complete and stability is confirmed, though an exact reopening time has not yet been provided. Why This Matters to HBAR Holders This temporary halt is a standard procedure for exchanges during major blockchain network upgrades. For HBAR holders and traders on Bithumb, the suspension means that during the maintenance window, they will not be able to move tokens in or out of the exchange. However, spot trading of HBAR against other pairs may continue unless otherwise specified. Users should monitor Bithumb’s official announcements for real-time updates on the resumption of services. Network Upgrades and Exchange Coordination Network upgrades, such as those on the Hedera mainnet, often introduce new features, improve scalability, or patch security vulnerabilities. Exchanges like Bithumb must coordinate their internal systems to align with the upgraded network to prevent transaction errors or asset loss. This coordination is a routine but critical part of maintaining a secure trading environment. Conclusion Bithumb’s decision to suspend HBAR deposits and withdrawals is a precautionary measure to ensure a smooth transition during the Hedera mainnet upgrade. Users should plan accordingly and stay informed via official channels. The temporary halt is not indicative of any security issue with the exchange or the HBAR token itself. FAQs Q1: When will the HBAR suspension start and end? The suspension begins at 10:00 a.m. UTC on June 10, 2025. The exact end time has not been announced and will depend on the successful completion of the Hedera network upgrade. Q2: Will my HBAR tokens be safe during the suspension? Yes. Your HBAR tokens held on Bithumb will remain safe during the maintenance period. The suspension only affects the ability to deposit or withdraw tokens from the exchange. Q3: Can I still trade HBAR on Bithumb during the suspension? Bithumb has not explicitly stated whether spot trading will continue. Users should check the exchange’s trading interface and official notices for updates on trading availability during the maintenance window. This post Bithumb to Temporarily Halt HBAR Deposits and Withdrawals for Network Upgrade first appeared on BitcoinWorld .

5 Jun 2026, 05:30

Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage

Nearly four months after crypto exchange Coinbase and the Federal National Mortgage Association—better known as Fannie Mae—announced their partnership, the companies have now disclosed what they describe as the first-ever mortgage backed by crypto collateral. No Need To Sell Crypto The concept was originally unveiled in March, when Better Home & Finance and Coinbase announced a joint mortgage product designed for prospective homebuyers who hold crypto but struggle with the cash requirements of traditional financing. Instead of requiring customers to liquidate their digital holdings to raise down payment funds, the Coinbase program allows borrowers to pledge crypto—such as Bitcoin (BTC) or Circle’s USDC stablecoin held in a Coinbase account—so those holdings can secure a separate loan intended to cover the down payment. Importantly, the actual home mortgage remains a conventional Fannie Mae–backed loan, meaning the structure is built around the existing conforming mortgage framework rather than replacing it with a new, fully crypto-based mortgage system. Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish In Thursday’s update, Better Home & Finance and Coinbase said the first loan has already been closed. The borrowers are Joe and Amy, a married couple in their early 30s from Ann Arbor, Michigan. Coinbase reported that both had meaningful savings in digital assets, but ran into a challenge that blocks many qualified buyers: they didn’t have enough cash available for a traditional down payment. According to the companies, instead of selling their long-term Bitcoin position—an action that could trigger capital gains taxes and potentially force investors to exit exposure—they used the program to pledge their crypto as collateral. They then completed the purchase of their first home. Coinbase Sees New Path To Homeownership Joe, a software engineer, explained that homeownership has been the goal for some time, but he wasn’t willing to give up his long-term investment plan simply to qualify for a down payment. He said the mortgage helped him avoid liquidating his Bitcoin, avoid having to time the market, and avoid having to reset his finances in a way that would delay his path to buying a home. Joe said: We closed on our home, and my Bitcoin stayed intact. We didn’t have to liquidate, didn’t have to time the market, and didn’t have to start over financially to achieve our homeownership goals. That meant everything. Related Reading: Bitcoin Drops Below $66,000 Amid Mounting ETF Outflows, $4B Withdrawn In 12 Days Coinbase framed the milestone as part of a broader message about utility for crypto holders. Mark Troianovski, Head of Consumer & Platform Partnerships at Coinbase, said the company believes Bitcoin should do more than sit idle in a wallet. He described the first token-backed conforming mortgage as a concrete example of that idea and pointed to the scale of digital-asset ownership in the US. Troianovski further stated: Funding the first token-backed conforming mortgage is one of the most tangible demonstrations of that vision that we have seen. Tens of millions of Americans have built real wealth in digital assets. That wealth now has a direct path to homeownership, creating new opportunities for the next generation of homebuyers. Featured image created with OpenArt; chart from TradingView.com