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Upbit MANTRA Suspension: Critical Network Upgrade Halts Deposits and Withdrawals
BitcoinWorld Upbit MANTRA Suspension: Critical Network Upgrade Halts Deposits and Withdrawals Upbit, a leading South Korean cryptocurrency exchange, will temporarily suspend all deposits and withdrawals for Mantra (MANTRA) starting at 8:00 a.m. UTC on April 29. This action supports a scheduled network upgrade. Traders and investors must prepare for this service interruption. Understanding the Upbit MANTRA Suspension Upbit announced this suspension to facilitate a critical network upgrade for MANTRA. Network upgrades often introduce new features, improve security, or enhance scalability. Exchanges typically pause services during these events to prevent transaction errors or asset loss. This proactive measure protects user funds and ensures a smooth transition. The suspension will affect all MANTRA trading pairs on Upbit. Users cannot deposit or withdraw MANTRA tokens during this period. Trading on the spot market may continue, but with reduced liquidity. The exchange will resume services after confirming network stability. Timeline and Key Dates The suspension begins at 8:00 a.m. UTC on April 29. Upbit has not announced a specific end time. The duration depends on the upgrade’s complexity and network confirmation. Typically, such suspensions last from a few hours to a full day. Users should monitor Upbit’s official announcements for updates. Here is a quick timeline: April 29, 8:00 AM UTC: Deposits and withdrawals stop. During upgrade: Network upgrade executes on the MANTRA blockchain. Post-upgrade: Upbit verifies network stability and resumes services. What Is the MANTRA Network Upgrade? The MANTRA blockchain regularly undergoes upgrades to improve performance and security. This specific upgrade may introduce protocol changes or new functionalities. Network upgrades are common in the crypto space. They require node operators and exchanges to update their software. Without proper coordination, transactions could fail or lead to forked chains. Upbit’s decision aligns with industry best practices. Major exchanges like Binance and Coinbase follow similar procedures. This ensures asset safety and network integrity. Users should not attempt to send MANTRA tokens during the suspension. Such transactions may get lost or delayed. Impact on MANTRA Traders and Investors The suspension creates temporary inconvenience for active traders. Those who rely on arbitrage or quick transfers must plan ahead. Deposits and withdrawals will halt, but spot trading may remain active. However, reduced liquidity could cause price volatility. Investors holding MANTRA on Upbit should review their positions. If they need to move tokens to another exchange or wallet, they must do so before the deadline. After the suspension, no transfers are possible until the upgrade completes. Potential Price Effects Network upgrades often influence token prices. Positive upgrades can boost investor confidence and drive demand. Conversely, technical issues during upgrades may create uncertainty. Traders should watch for announcements from the MANTRA team. Clear communication can stabilize markets. Historically, similar suspensions have led to short-term price fluctuations. For example, when Upbit suspended another token for a network upgrade, the price dropped 3% before recovering. Past performance does not guarantee future results, but it offers context. How to Prepare for the Suspension Users should take these steps before the deadline: Complete pending transactions: Finalize any MANTRA deposits or withdrawals before April 29, 8:00 AM UTC. Check wallet addresses: Ensure external wallet addresses are correct to avoid errors. Monitor official channels: Follow Upbit and MANTRA on social media for real-time updates. Avoid panic selling: The suspension is temporary and standard procedure. Expert Insights on Exchange Suspensions Crypto exchange suspensions are routine but require careful handling. Industry experts emphasize the importance of user communication. Upbit’s advance notice allows users to adjust their strategies. This transparency builds trust and reduces confusion. Blockchain analyst Kim Min-ji notes: ‘Network upgrades are essential for long-term network health. Exchanges that coordinate well minimize user disruption. Upbit’s approach follows global standards.’ Her comment reflects the consensus among industry professionals. Comparing Upbit’s Policy with Other Exchanges Different exchanges handle network upgrades differently. Some pause all services, including trading. Others only halt deposits and withdrawals. Upbit’s decision to suspend only deposits and withdrawals is common. This allows users to continue trading if they choose. Here is a comparison: Exchange Action During Network Upgrade Upbit Suspend deposits and withdrawals; trading may continue Binance Suspend deposits, withdrawals, and trading for the specific token Coinbase Suspend deposits and withdrawals; trading may pause briefly This variation shows that no single approach is universal. Users must check each exchange’s policy. What Happens After the Upgrade? Once the network upgrade completes successfully, Upbit will verify the blockchain’s stability. This involves checking for new blocks, transaction finality, and node synchronization. After confirmation, Upbit will reopen deposits and withdrawals. The exchange typically announces the resumption via its official channels. Users should not rush to send tokens immediately after resumption. Wait for at least one confirmation from Upbit. This ensures the network is fully operational. Conclusion Upbit’s temporary suspension of MANTRA deposits and withdrawals on April 29 supports a necessary network upgrade. This standard procedure protects user assets and ensures a smooth transition. Traders and investors should prepare by completing transactions before the deadline. The suspension highlights the importance of network maintenance in the crypto ecosystem. Stay informed through official channels to avoid disruptions. The MANTRA suspension is a routine event, but proper planning minimizes its impact. FAQs Q1: When does the Upbit MANTRA suspension start? The suspension begins at 8:00 a.m. UTC on April 29. Q2: Will MANTRA trading stop during the suspension? Trading may continue, but deposits and withdrawals will halt. Check Upbit’s announcement for specifics. Q3: How long will the suspension last? The duration is not fixed. It depends on the network upgrade. Typically, it lasts a few hours to a day. Q4: Can I send MANTRA to another wallet after the suspension? No. Deposits and withdrawals are suspended. Wait until Upbit resumes services. Q5: What should I do if I have pending transactions? Complete all MANTRA deposits or withdrawals before the April 29 deadline. This post Upbit MANTRA Suspension: Critical Network Upgrade Halts Deposits and Withdrawals first appeared on BitcoinWorld .

Bitcoin World 2026-04-22 13:10
Can Ethereum hit $2,746 as whales accumulate 700K tokens this week?
The cryptocurrency market has switched bullish once again after a bearish start to the week. Following the crypto market recovery over the past week, several Ethereum (ETH) onchain metrics are demonstrating notable changes. Bitcoin hit the $78,100 level earlier on Wednesday, while Ethereum is now approaching $2,400 once again. The rally comes after President Donald Trump announced that he would extend the Iran ceasefire indefinitely. However, he added that the US would hold off on fresh attacks while keeping its Strait of Hormuz blockade in place. Whales acquire more Ether tokens Whales are taking advantage of the bullish narrative in the market to purchase more Ether tokens. On-chain data revealed that wallets with a balance >10,000 ETH, also known as whales, accumulated nearly 700,000 ETH between Thursday and Monday. Part of that figure stems from Ethereum treasury firm BitMine Immersion Technologies (BMNR), which acquired over 101,000 ETH last week. Smart money tracker Lookonchain revealed that there were several whale buying activities over the past week. Notably, a newly created wallet withdrew 35,000 ETH from crypto exchange Binance in the early American session on Tuesday and transferred it to digital asset custodian BitGo. However, retailers or investors holding 100-10,000 ETH largely held steady, adding minimal amounts to their holdings over the past week. This is in contrast to their behavior since early March, when they resumed distribution. The bullish sentiment is also evident in Ethereum exchange reserves, which have fallen by roughly 458,000 ETH since Thursday. The decline indicates increasing buying pressure, which could push ETH’s price higher in the near term. Institutional and traditional investors also continued to show a return of risk appetite for the top altcoin. Spot ETH exchange-traded funds (ETFs) recorded eight consecutive days of net inflows totaling $493.7 million. Ethereum price forecast Similar to Bitcoin, the ETH/USD 4-hour chart remains bearish and efficient. However, it has outperformed the broader crypto market in the last seven days. Ether is trading above the 20, 50, and 100-period Exponential Moving Averages (EMAs), which are clustered between roughly $2,323 and $2,268. This stack of EMAs offers layered dynamic support, suggesting dips may continue to attract buyers. The momentum indicators also suggest a bullish narrative. The Relative Strength Index (RSI) is hovering at 62, above the neutral 50 mark, but still below the overbought region. The MACD lines are also within the positive territory, indicating that the bulls are currently in charge of the market. If the rally persists, initial resistance emerges at the horizontal barrier near $2,388. A daily candle close above this level could expose the next major resistance at $2,746. On the downside, the 100-period EMA at $2,267 and the prior trendline reference around $2,263 would provide immediate support for the buyers. A deeper slide would expose the broader structural supports at $2,211, $2,107, and $1,909. The post Can Ethereum hit $2,746 as whales accumulate 700K tokens this week? appeared first on Invezz

Invezz 2026-04-22 13:06
USD/TRY: Policy Inaction Risks a Sharper Turkish Lira Sell-Off, Warns Commerzbank
BitcoinWorld USD/TRY: Policy Inaction Risks a Sharper Turkish Lira Sell-Off, Warns Commerzbank Commerzbank analysts have issued a stark warning: continued policy inaction in Turkey risks triggering a sharper sell-off in the USD/TRY pair. The Turkish Lira has already faced significant pressure this year, and the bank’s latest report suggests the currency’s outlook remains bleak without decisive government intervention. USD/TRY: The Core Concern The USD/TRY exchange rate has been a focal point for emerging market investors. Commerzbank’s research highlights that the Turkish central bank’s reluctance to raise interest rates aggressively is a primary driver of the Lira’s weakness. The bank argues that this policy inaction creates a vicious cycle. Higher inflation erodes the Lira’s value, which in turn fuels more inflation. This loop directly threatens the currency’s stability. Analysts point to the widening gap between Turkish inflation and the central bank’s policy rate. This gap signals a lack of credibility. International investors often view such discrepancies as a red flag. Consequently, they demand a higher risk premium for holding Lira-denominated assets. This demand pushes the USD/TRY rate higher. Why Policy Inaction Matters Policy inaction, in this context, refers to the central bank’s failure to implement a sufficiently tight monetary policy. Commerzbank notes that the bank has held rates steady despite inflation running well above target. This stance contrasts sharply with other emerging market central banks. Those banks have aggressively hiked rates to defend their currencies. Turkey’s approach, however, leaves the Lira exposed. The report emphasizes that this inaction is not just about interest rates. It also involves a lack of structural reforms. These reforms would address underlying economic imbalances. Without them, the Lira remains vulnerable to external shocks. A sudden change in global risk appetite, for example, could trigger a rapid depreciation. Commerzbank’s Expert Analysis Commerzbank’s currency strategists have a strong track record in forecasting Turkish Lira movements. Their latest note provides a detailed breakdown of the risks. They argue that the market is pricing in a high probability of future devaluation. This expectation becomes a self-fulfilling prophecy. Investors sell the Lira now to avoid losses later. The bank uses a variety of models to assess the fair value of the USD/TRY pair. These models incorporate inflation differentials, interest rate gaps, and risk premiums. According to their calculations, the Lira is significantly undervalued. However, this undervaluation does not guarantee a rebound. It simply reflects the market’s deep distrust of current policies. Historical Context and Recent Trends To understand the current situation, one must look at recent history. The Turkish Lira has lost over 80% of its value against the US dollar in the last five years. This trend accelerated sharply after 2021. The government’s unconventional economic policies, including repeated rate cuts, triggered a full-blown currency crisis. In 2023, the central bank shifted to a more orthodox approach. It raised rates significantly from very low levels. However, the pace of tightening has slowed. Inflation remains stubbornly high. The market now questions the commitment to this new policy direction. Commerzbank’s warning reflects this skepticism. Year USD/TRY Rate (Year-End) Inflation Rate 2021 13.00 36% 2022 18.70 64% 2023 29.50 65% 2024 35.00 45% The table above shows the correlation between the Lira’s decline and persistent high inflation. Commerzbank notes that breaking this cycle requires a credible policy anchor. Without it, the USD/TRY trend will likely continue upward. Impact on Turkish Economy and Citizens A weaker Lira has profound effects on the Turkish economy. It makes imports more expensive. This directly fuels inflation. Turkish citizens face higher prices for food, energy, and other essential goods. The cost of living crisis deepens. Businesses also suffer. Companies with foreign currency debt struggle to repay loans. Their costs rise, squeezing profit margins. Some may be forced to lay off workers. This creates a negative feedback loop for economic growth. Imported Inflation: Higher costs for raw materials and finished goods. Debt Burden: Increased pressure on companies and the government. Consumer Confidence: Declining purchasing power reduces spending. Investment Climate: Foreign direct investment dries up due to uncertainty. Commerzbank’s analysis suggests that the longer policymakers delay action, the more painful the eventual adjustment will be. A sharper sell-off could force the central bank into a crisis-mode response. This scenario would likely involve much higher interest rates. It would also require significant capital controls. Global Context and Emerging Market Spillovers The USD/TRY story is not isolated. It reflects broader trends in emerging markets. The US dollar has been strong globally. This strength puts pressure on all currencies. However, countries with sound policies can withstand this pressure. Turkey’s vulnerabilities make it particularly susceptible. Commerzbank compares Turkey’s situation to other fragile economies. They note that countries like Argentina and Egypt have faced similar crises. These crises often require international bailouts. Turkey’s large external financing needs make it dependent on capital flows. Any disruption to these flows can trigger a sharp sell-off. What Could Change the Outlook? The report outlines several factors that could alter the trajectory for the Lira. The most important is a decisive shift in monetary policy. This would involve a significant rate hike. It would also require a clear commitment to maintaining tight policy until inflation falls. Other positive catalysts include structural reforms. These could improve the investment climate. They might also reduce the current account deficit. A more stable political environment would also help. However, Commerzbank expresses doubt that these changes will occur soon. Key Factors to Watch: Central Bank Meetings: Upcoming rate decisions will be critical. Inflation Data: Monthly CPI releases will test market confidence. Political Developments: Elections or policy shifts could change sentiment. Global Risk Sentiment: A weaker US dollar would ease pressure. Conclusion Commerzbank’s warning on the USD/TRY pair underscores a critical juncture for the Turkish Lira. Policy inaction remains the central risk. Without a credible and consistent tightening cycle, the currency faces a sharper sell-off. Investors and citizens alike must prepare for continued volatility. The path forward depends entirely on the authorities’ willingness to act decisively. The Lira’s fate hinges on this choice. FAQs Q1: What is the main reason for Commerzbank’s warning on USD/TRY? A1: Commerzbank warns that the Turkish central bank’s policy inaction, particularly its failure to raise interest rates sufficiently, risks a sharper sell-off in the USD/TRY pair. Q2: How does policy inaction affect the Turkish Lira? A2: Policy inaction erodes investor confidence, leading to capital outflows. This increases demand for US dollars and pushes the USD/TRY exchange rate higher, weakening the Lira. Q3: What is the current inflation rate in Turkey? A3: As of late 2024, Turkey’s inflation rate remains above 40%. This high inflation is a key driver of the Lira’s depreciation. Q4: Could the Turkish Lira recover without policy changes? A4: Commerzbank believes a sustained recovery is unlikely without decisive policy action, including aggressive rate hikes and structural economic reforms. Q5: How does the USD/TRY trend affect ordinary Turkish citizens? A5: A weaker Lira increases the cost of imported goods, fueling inflation. This reduces purchasing power and raises the cost of living for citizens. Q6: What should investors watch for in the near term? A6: Investors should monitor central bank rate decisions, monthly inflation data, and any political announcements regarding economic policy for signs of change. This post USD/TRY: Policy Inaction Risks a Sharper Turkish Lira Sell-Off, Warns Commerzbank first appeared on BitcoinWorld .

Bitcoin World 2026-04-22 13:05
Ripple Will Handle Settlement With XRP While SWIFT Will Handle Messaging
Crypto researcher SMQKE has presented a structured view on how global payment infrastructure could evolve, arguing that different systems may take on specialized roles rather than compete directly. In a recent tweet, the researcher asserted that Ripple would handle settlement using XRP, while SWIFT would continue to manage messaging functions. The post included supporting images and excerpts that outline how such a division could operate within existing financial frameworks. RIPPLE WILL HANDLE THE SETTLEMENT WITH XRP WHILE SWIFT WILL HANDLE THE MESSAGING Documented below. https://t.co/JXECWmwkho pic.twitter.com/KmZaQPk7Jm — SMQKE (@SMQKEDQG) April 20, 2026 A Layered Approach to Payments Infrastructure SMQKE’s post emphasizes that SWIFT already operates as a messaging layer, transmitting payment instructions between banks using standardized formats such as MT messages. The attached materials highlight that SWIFT’s system is largely one-directional, meaning transactions require confirmation across multiple steps before settlement occurs. In contrast, Ripple’s infrastructure is described as enabling faster, two-way communication that integrates directly with bank systems. The researcher points to documentation indicating that RippleNet can process similar message types independently of SWIFT, using integrations through banking software providers such as Temenos and SAP. This setup allows financial institutions to adopt blockchain-based settlement without abandoning existing messaging standards. The images further indicate that no formal partnership between SWIFT and Ripple is required for such interoperability. SMQKE’s central claim is that XRP would serve as the settlement mechanism within this structure, facilitating liquidity and transaction finality, as SWIFT maintains its established role as the communication backbone among banks. Context From Industry Commentary Responses to the post introduce additional perspectives on the feasibility of this model. Miles Nadimian noted that the idea reflects a practical path forward, in which new systems complement rather than replace legacy infrastructure. He suggested that separating messaging and settlement into distinct layers could allow gradual integration without disrupting existing networks. Another respondent, InvestorX, provided a more cautious assessment. While acknowledging that SWIFT has historically functioned as a messaging layer, the comment argues that settlement is no longer defined by a single method. Instead, banks now operate across multiple systems, including traditional correspondent banking structures, blockchain-based solutions like those offered by Ripple, stablecoins, and internal liquidity mechanisms. InvestorX also emphasized that XRP is one option among several for settlement, rather than a default standard. The comment further clarified that SWIFT is actively developing its own infrastructure and exploring interoperability, rather than adopting XRP directly. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 An Evolving Competitive Landscape The discussion presented in SMQKE’s post and the accompanying responses reflect a shift in how payment systems are structured. Rather than a unified model, the industry appears to be moving toward a segmented approach in which messaging and settlement operate as distinct but interconnected layers. Within this environment, SWIFT’s dominance in messaging remains intact, while settlement becomes a competition. Blockchain networks, including those developed by Ripple, are positioned as alternatives that can coexist with traditional systems, offering efficiency gains without requiring a complete overhaul of existing processes. SMQKE’s analysis ultimately frames the future of cross-border payments as one defined by integration rather than replacement, with XRP potentially playing a role in settlement alongside other emerging and established solutions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple Will Handle Settlement With XRP While SWIFT Will Handle Messaging appeared first on Times Tabloid .

TimesTabloid 2026-04-22 13:02
‘Stripped me of my right to vote’ – Justin Sun takes WLFI to court
WLFI exposes how control can override expectations, affecting trust, liquidity and user confidence.

AMB Crypto 2026-04-22 13:00
EUR/CAD Steadies Below 1.6050 as Improved Oil Prices Bolster Canadian Dollar – Key Insights
BitcoinWorld EUR/CAD Steadies Below 1.6050 as Improved Oil Prices Bolster Canadian Dollar – Key Insights EUR/CAD steadies below 1.6050 as improved oil prices lift the Canadian Dollar. Traders watch this level closely. The pair consolidates after recent volatility. Oil prices rose sharply this week. This strengthens the loonie against the euro. Market participants now assess the next move. EUR/CAD Steadies Below 1.6050: Market Context EUR/CAD steadies below 1.6050 during early European trading on March 20, 2025. The Canadian Dollar gains traction. Higher crude oil prices drive this shift. West Texas Intermediate (WTI) crude climbs above $82 per barrel. This marks a 3% weekly gain. Canada, a major oil exporter, benefits directly. The euro faces headwinds from mixed Eurozone data. German industrial production missed forecasts. This limits EUR/CAD upside potential. How Improved Oil Prices Lift the Canadian Dollar Improved oil prices lift the Canadian Dollar through multiple channels. First, higher export revenues boost Canada’s trade balance. Second, energy sector investment rises. Third, inflation expectations adjust upward. The Bank of Canada (BoC) may hold rates steady. Markets price in a 70% chance of no rate cut in April. This supports the loonie. The EUR/CAD pair reflects this dynamic. A stronger CAD pushes the pair lower. Resistance holds firm at 1.6050. Support lies near 1.5980. Key Levels for EUR/CAD Traders focus on these technical levels: Resistance: 1.6050 (psychological level), 1.6100 (March high) Support: 1.5980 (20-day EMA), 1.5900 (February low) Volume remains moderate. The pair lacks directional conviction. Oil price stability is crucial. Expert Analysis on EUR/CAD and Oil Correlation Analysts highlight the strong correlation between oil and CAD. “EUR/CAD steadies below 1.6050 because oil provides a floor for the loonie,” says Maria Torres, senior forex strategist at GlobalFX Research. “Without a spike in crude, the pair could test 1.6100. But oil’s rally caps gains.” The correlation coefficient between WTI and USD/CAD stands at -0.65 this quarter. This inverse relationship drives EUR/CAD indirectly. European energy import costs rise. This weakens the euro’s outlook. Timeline of Recent Events Key events shape this market: March 10: OPEC+ maintains output cuts. Oil prices jump 2%. March 15: Eurozone CPI falls to 2.3%. EUR weakens. March 18: Canadian housing starts beat expectations. CAD rallies. March 20: EUR/CAD steadies below 1.6050. This timeline shows the catalyst sequence. Oil remains the dominant driver. Impact on Traders and Investors EUR/CAD steadies below 1.6050, creating opportunities. Short-term traders scalp small ranges. Swing traders watch for a breakout. A close above 1.6050 targets 1.6150. A close below 1.5980 opens 1.5900. Options markets show elevated volatility. Implied volatility for one-week EUR/CAD options rises to 8.5%. This suggests uncertainty. Hedging costs increase. Corporates with CAD exposure benefit from the stronger loonie. Importers face lower costs. Exporters to Europe see reduced margins. Comparison: EUR/CAD vs. Other Pairs EUR/CAD underperforms other euro pairs this week. EUR/USD falls 0.2%. EUR/JPY drops 0.5%. EUR/CAD declines 0.4%. The CAD outperforms among G10 currencies. Only the Norwegian Krone rivals it. Oil price gains boost both commodity currencies. This divergence highlights the oil factor. Future Outlook for EUR/CAD EUR/CAD steadies below 1.6050, but risks remain. Oil prices could retreat. OPEC+ may adjust quotas. Eurozone data might improve. The European Central Bank (ECB) holds its next meeting on April 17. A hawkish tone could lift the euro. The BoC meets on April 16. A dovish surprise would weaken the CAD. Traders should monitor these events. The 1.6050 level acts as a pivot. A sustained break either way sets the trend. Conclusion EUR/CAD steadies below 1.6050 as improved oil prices lift the Canadian Dollar. This dynamic reflects broader commodity and monetary policy trends. Traders should watch oil prices, central bank signals, and technical levels. The pair offers clear risk-reward setups. Stay informed and trade responsibly. FAQs Q1: Why does EUR/CAD steady below 1.6050? A1: EUR/CAD steadies below 1.6050 because improved oil prices lift the Canadian Dollar, offsetting euro weakness from mixed Eurozone data. Q2: How do oil prices affect the Canadian Dollar? A2: Higher oil prices boost Canada’s export revenues, improve the trade balance, and support the CAD by increasing demand for the currency. Q3: What are the key support and resistance levels for EUR/CAD? A3: Key resistance is at 1.6050 and 1.6100. Support lies at 1.5980 (20-day EMA) and 1.5900 (February low). Q4: What central bank events should traders watch? A4: Traders should monitor the ECB meeting on April 17 and the BoC meeting on April 16 for policy signals that could move EUR/CAD. Q5: Is EUR/CAD likely to break above 1.6050? A5: A break above 1.6050 is possible if oil prices fall or Eurozone data improves. A sustained move targets 1.6150. A failure to break may lead to a retest of 1.5980. This post EUR/CAD Steadies Below 1.6050 as Improved Oil Prices Bolster Canadian Dollar – Key Insights first appeared on BitcoinWorld .

Bitcoin World 2026-04-22 13:00
Dogecoin ‘Launchpad’ Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike
As Dogecoin (DOGE) consolidates below a key area, some analysts suggest that the market’s recent bullish momentum and whale accumulation could push the memecoin’s price above a crucial resistan level soon. Related Reading: Crypto Community Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack Dogecoin Big Price Move Faces Strong Resistance On Tuesday, Dogecoin continued to move sideways between the $0.093-$0.096 price range after failing to break above a crucial resistance level. Amid last week’s market pump, the leading memecoin broke out of the $0.096 barrier for the first time in two weeks, briefly touching the $0.10-$0.102 resistance on Friday. Market analyst Ali Martinez suggested that DOGE is preparing for a big price move, fueled by bullish momentum and whale accumulation. Notably, the memecoin recently saw one of its highest transaction volumes of the month and one of its highest volume spikes Year-to-Date (YTD), with over $800 million transacted on April 16. In addition, large holders have accumulated over $330 million in Dogecoin over the past week, signaling key demand and confidence in the largest memecoin by market capitalization. Nonetheless, Martinez also analyzed DOGE’s technical structure, noting that cryptocurrency has been consolidating within a horizontal channel since the late-January, early-February market crash. Per the chart, the channel’s mid-range mark, around the $0.10 level, has been a strong resistance barrier over the past three months, with Dogecoin failing to reclaim it despite multiple attempts. To the analyst, only a sustained close above $0.10 could push the memecoin toward the local range highs and open the door to a retest of the upper resistance at $0.12, a level untested since mid-February. DOGE’s Macro Chart Eyes Parabolic Run In a series of X posts, Market observer Trader Tardigrade stated that Dogecoin is “showing strong signs” that its downtrend is losing momentum, pointing out that selling pressure appears to be fading. As he explained, DOGE has recently flashed Bullish Divergence two times, with the indicators refusing to go down despite the price continuing to print lower lows. “That’s a sign the selling force is fading and a shift from downtrend to uptrend could be around the corner,” the trader said. He also shared a macro outlook, affirming that Dogecoin’s launchpad, the setup before a massive surge, is “in place.” According to the chart, this setup formed between 2016 and 2017 and led to a massive rally toward its 2018 all-time high (ATH) of $0.175. “A breakout move toward the moon looks next. Momentum is building,” Trader Tardigrade suggested, adding that “a surge in volume could ignite the next leg higher.” Related Reading: A Stark XRP Price Call: Why One Analyst Says It Could Be Under $1 By 2031 Analyst Bitcoinsensus also shared a macro cycle outlook, stating that Dogecoin continues to trade within a large multi-cycle structure. The market watcher affirmed that the cryptocurrency’s current setup resembles DOGE’s previous macro consolidations. The chart shows that after retracing from previous highs, the cryptocurrency recorded a long consolidation, followed by a parabolic run to new highs, with these breakouts leading to 60x and 215x gains. “The broader formation keeps Cycle 3 in focus, while the market watches to see whether this phase develops like the earlier ones,” Bitcoinsensus stated. Featured Image from Unsplash.com, Chart from TradingView.com

NewsBTC 2026-04-22 13:00
56% Memecoin Trading Volume Rally, but Shiba Inu (SHIB) Sleeping With 0 Netflow
Shiba Inu isn't following the market-wide recovery of memecoins and reasons are somewhat understandable.

U.Today 2026-04-22 12:58
Uzbekistan Crypto Mining Zone Launches with Landmark Tax Breaks and Green Energy Model
BitcoinWorld Uzbekistan Crypto Mining Zone Launches with Landmark Tax Breaks and Green Energy Model Uzbekistan has officially launched a special crypto mining zone with tax breaks in the Karakalpakstan region. The government named this large-scale area the Besqala Mining Valley. According to Cointelegraph, a new presidential decree grants mining companies operating there sweeping exemptions from corporate taxes and all mandatory payments for the next 10 years. This move aims to attract over $1 billion in foreign investment by 2030. The decree also permits the use of the national power grid, which was previously prohibited. Companies can now sell their mined cryptocurrencies directly on overseas markets. Uzbekistan plans to establish an innovative green mining model, such as using waste heat from mining rigs for agricultural purposes. Understanding the Uzbekistan Crypto Mining Zone Tax Breaks The Uzbekistan crypto mining zone tax breaks represent a significant policy shift. Previously, the government restricted crypto mining activities due to energy concerns. Now, it offers a decade-long tax holiday to lure global miners. This initiative includes exemptions from corporate income tax, property tax, and social payments. The Besqala Mining Valley will operate under a special legal regime. This regime simplifies registration and licensing procedures. Companies must still comply with environmental standards. The government expects this to create thousands of jobs. Local workers will receive training for high-tech roles. This move positions Uzbekistan as a competitive hub in Central Asia. Neighboring countries like Kazakhstan have also attracted miners. However, Uzbekistan offers a more stable regulatory environment. The tax breaks reduce operational costs significantly. Miners can reinvest savings into expanding capacity. This creates a cycle of growth and innovation. Key Features of the Besqala Mining Valley The Besqala Mining Valley includes several unique features. First, it allows direct access to the national power grid. This was a major barrier for miners before. Second, the zone permits selling mined crypto on overseas exchanges. This removes previous restrictions on foreign currency earnings. Third, the government mandates a green mining model. This includes using waste heat for agriculture. The valley covers a large area in the autonomous republic of Karakalpakstan. This region has abundant land and renewable energy potential. The government plans to build dedicated infrastructure. This includes roads, power lines, and data centers. Companies can lease land at subsidized rates. The zone also offers customs exemptions for imported equipment. This reduces setup costs for new entrants. The government aims to attract both local and foreign investors. It expects to see major players from China, the US, and Europe. Timeline and Implementation The timeline for the Uzbekistan crypto mining zone began with the presidential decree in early 2025. Implementation will occur in phases. Phase one involves infrastructure development. This includes power grid upgrades and land preparation. Phase two will start in 2026. This phase focuses on onboarding initial mining companies. The government expects full operations by 2027. By 2030, the valley should host at least 50 large-scale mining farms. The total investment target is $1 billion. The government monitors progress through a dedicated agency. This agency reports to the Ministry of Digital Technologies. Penalties apply for non-compliance with green standards. The timeline ensures steady growth without overwhelming the local grid. This phased approach reduces risks for both investors and the government. Impact on Uzbekistan Cryptocurrency Mining Industry The Uzbekistan cryptocurrency mining industry will transform significantly. The tax breaks lower entry barriers for new miners. This attracts international capital and expertise. Local entrepreneurs can also participate more easily. The use of the national power grid ensures reliable electricity. Previous miners relied on expensive diesel generators. This reduced profitability and increased carbon emissions. Now, miners can access cheap, renewable energy. The region has abundant solar and wind resources. This aligns with global trends toward sustainable mining. The green mining model also creates synergies with agriculture. Waste heat can warm greenhouses in winter. This improves food security in the region. The government expects to reduce energy waste by 30%. This model could become a template for other countries. It demonstrates how crypto mining can support local communities. Green Crypto Mining: A Sustainable Approach Green crypto mining is a core pillar of the Besqala Mining Valley. The government mandates that all mining operations use energy-efficient equipment. This includes ASIC miners with high hash rates and low power consumption. Companies must also implement heat recovery systems. These systems capture waste heat from mining rigs. The heat can then warm agricultural greenhouses. This reduces the need for fossil fuel heating. The valley also integrates renewable energy sources. Solar panels and wind turbines supplement grid power. This reduces the carbon footprint of mining activities. The government offers additional incentives for green practices. Companies that exceed efficiency targets receive tax credits. This encourages continuous improvement. The green model also attracts environmentally conscious investors. Many institutional investors now require ESG compliance. This makes the valley more attractive for large-scale funding. Benefits for Local Agriculture The integration of mining waste heat with agriculture offers multiple benefits. Local farmers can extend growing seasons. They can produce crops year-round in greenhouses. This increases food production and reduces imports. The heat also reduces energy costs for farmers. This improves their profitability. The government provides training for farmers on using this technology. This creates a skilled workforce. The synergy between mining and agriculture builds community support. Residents see direct benefits from the mining zone. This reduces potential opposition to the project. The model also demonstrates circular economy principles. Waste from one industry becomes a resource for another. This improves overall resource efficiency. The government plans to expand this model to other regions. It could become a national standard for industrial development. Expert Analysis and Market Reactions Industry experts have praised the Uzbekistan crypto mining zone. They highlight the comprehensive tax breaks and green focus. Analysts at CoinDesk note that this is one of the most favorable regimes globally. The 10-year tax holiday is longer than most competitors. Countries like Kazakhstan offer only 5-year exemptions. The direct power grid access is also a major advantage. Many miners face energy restrictions in other jurisdictions. The ability to sell crypto on overseas markets is critical. This allows miners to capture global prices. Local exchanges often have lower liquidity. The green mandate also positions Uzbekistan for future regulations. Many countries are tightening environmental rules for mining. Uzbekistan gets ahead of this trend. Market reactions have been positive. Several large mining firms have expressed interest. They are conducting feasibility studies. The government expects the first major investments within six months. Comparison with Other Crypto Mining Hubs A comparison with other crypto mining hubs shows Uzbekistan’s advantages. The table below highlights key differences. Country Tax Breaks Power Grid Access Green Mandate Overseas Sales Uzbekistan 10 years Yes Yes Yes Kazakhstan 5 years Partial No Yes United States Varies by state Yes No Yes Russia None Yes No Restricted Uzbekistan offers the longest tax holiday. It also provides direct grid access and a green mandate. This combination is unique. The country also has lower labor costs. This reduces operational expenses further. The government provides streamlined licensing. This reduces bureaucratic delays. These factors make Uzbekistan a top choice for miners. However, the region has limited internet infrastructure. The government is investing in upgrades. This should be complete by 2026. Overall, the competitive advantages are strong. Challenges and Risks Despite the benefits, challenges remain. The Karakalpakstan region has a harsh climate. Summers are extremely hot. This can affect mining equipment efficiency. Cooling systems require significant water resources. The region is arid. This could strain local water supplies. The government plans to use air cooling systems. These use less water but more energy. The green mandate requires careful monitoring. Non-compliance could lead to penalties. The political stability of the region is also a factor. Uzbekistan has a centralized government. Policy changes could affect the zone. Investors should diversify their portfolios. The global crypto market is volatile. Mining profitability depends on Bitcoin prices. A prolonged bear market could reduce returns. The government offers no price guarantees. Investors must conduct thorough due diligence. The long-term success depends on consistent policy enforcement. The government has committed to maintaining the regime for 10 years. This provides some certainty. Conclusion The Uzbekistan crypto mining zone with tax breaks marks a bold step for the country. The Besqala Mining Valley offers a unique combination of incentives. These include a 10-year tax holiday, direct power grid access, and a green mining model. The initiative aims to attract over $1 billion in foreign investment by 2030. It also promotes sustainable development through waste heat reuse. The Uzbekistan cryptocurrency mining industry stands to benefit significantly. The green crypto mining approach sets a global example. However, challenges like climate and market volatility remain. Overall, this policy positions Uzbekistan as a leading crypto mining hub in Central Asia. Investors should watch this space closely. FAQs Q1: What is the Besqala Mining Valley? The Besqala Mining Valley is a special zone in Uzbekistan’s Karakalpakstan region for cryptocurrency mining. It offers tax breaks and green energy incentives. Q2: What tax breaks does the Uzbekistan crypto mining zone offer? The zone offers a 10-year exemption from corporate taxes and all mandatory payments. This includes property tax and social contributions. Q3: Can mining companies sell crypto on overseas markets? Yes, the decree allows companies to sell their mined cryptocurrencies directly on overseas markets. This removes previous restrictions. Q4: How does the green mining model work? The model uses waste heat from mining rigs for agricultural purposes. It also integrates renewable energy sources like solar and wind. Q5: What is the investment target for the zone? The government aims to attract over $1 billion in foreign investment by 2030. This includes infrastructure and mining operations. This post Uzbekistan Crypto Mining Zone Launches with Landmark Tax Breaks and Green Energy Model first appeared on BitcoinWorld .

Bitcoin World 2026-04-22 12:55
ZachXBT Calls Out Bitcoin Depot ATM Over Alleged Fraud Case
ZachXBT called out Bitcoin Depot ATMs and flagged $25K ATM transactions where elderly users paid far above market rate. He claimed these scams are often done via social engineering, and are targeting vulnerable users. He claimed that Bitcoin Depot had previously been exploited for $3.26 million, i.e., 54 BTC. Crypto detective ZachXBT has called out Bitcoin Depot, and has urged users to avoid its Bitcoin ATMs after bringing up a recent fraud case involving an elderly victim in the US. In a post on X, ZachXBT described a transaction where a 74-year-old individual converted $25,000 in cash into Bitcoin through a Bitcoin Depot ATM. ZachXBT Lashes Out at Bitcoin Depot ATMs According to his analysis, the user was charged an effective price of $108,000 per Bitcoin, while the market rate at the time was close to $75,000. Consequently, the victim received only 0.232 BTC, valued at roughly $17,500. This left a gap of about $7,500, which ZachXBT called out. He further alleged that the transaction was linked to an overall scam pattern. He claimed that organized call centers, particularly those targeting elderly individuals, often use social engineering tactics to pressure victims into making such transactions. In this case, he said the victim was guided into using the ATM as part of the fraud process. He also suggested that a notable share of activity on such machines could be linked to scams, i.e., it could fall between 10% and 25%. ZachXBT brought up another incident. He claimed that Bitcoin Depot had previously been exploited for $3.26 million, i.e., 54 BTC, and that the issue went unnoticed for several days. I strongly advise no one to ever give Bitcoin Depot ATMs your business. -Why was an elderly fraud victim recently allowed to convert $25K fiat to BTC via Bitcoin Depot ATM in the US? -Why was the victim quoted at $108K per BTC when market price is $75K? That’s $25K total cost… pic.twitter.com/tnTaev7bm2 — ZachXBT (@zachxbt) April 22, 2026 He disclosed a wallet address associated with the alleged theft and contributed to concerns about monitoring and response mechanisms in the system. Online, the exchange received mixed reactions. Some users said Bitcoin ATMs usually display fees and rates before transactions occur, as that information is left to the user to review. ZachXBT pointed out that the victim was vulnerable. He said the transaction happened recently and involved a senior citizen who had been manipulated into proceeding with the purchase. Being one of the largest operators of crypto ATMs, Bitcoin Depot is already caught up in ongoing debates about regulation and consumer protection. Its wide network and high transaction volume have made it more exposed to misuse. Financial challenges have also added to scrutiny. Since late 2025, the company has reported declining revenues. Leadership changes followed, with Scott Buchanan stepping down and Alex Holmes taking over. Legal issues have further complicated the situation. In early 2026, Andrea Joy Campbell filed a lawsuit, alleging that scammers used the company’s machines to defraud residents. At the same time, regulatory pressure is increasing at the local level. In Haverhill, authorities have moved to remove crypto ATMs entirely. More than 415 machines in the city are under a stringent 60-day removal order. Mayor Melinda E. Barrett introduced the proposal and it has strong backing from local officials. Authorities also say that Bitcoin ATMs tend to work with minimal regulation. It also creates opportunities for scammers, especially in cases involving high-pressure tactics. All machines are required by the ordinance to be shut down or removed within two months. Operators who don’t comply face fines of $300 per day for each machine. Officials emphasize the measure is important to protect residents, particularly those unfamiliar with cryptos. Despite the controversy, Bitcoin Depot’s stock has shown short-term gains. It recently rose slightly to $6.42. Over the past month, it has recorded a much larger increase at 105%.

CryptoNewsZ 2026-04-22 12:54
ADA eyes breakout as Bitcoin hits $78K and crypto rally gains pace
The cryptocurrency market has been bullish over the past 24 hours as Bitcoin and Ether tapped key resistance levels. Bitcoin hit the $78,000 level during the early hours of Wednesday , while Ether is now approaching the $2,400 psychological point. Cardano’s ADA is not left out as it is up by 1.5% in the last 24 hours. ADA extended its gains above $0.2500 at press time on Wednesday, for the third consecutive day so far this week. Retail demand for ADA is heating up amid a buildup in the futures market positions. Technical indicators also show that the 50-day EMA at $0.2600 remains a key dynamic resistance capping short-term recovery attempts. ADA regains retail strength, eyes key resistance levels The broader cryptocurrency market is rallying following positive geopolitical news a few hours ago. President Donald Trump announced that he would extend the Iran ceasefire indefinitely. Trump blamed negotiation collapses on what he called a "seriously fractured" leadership structure in Tehran, and said the US would hold off on fresh attacks while keeping its Strait of Hormuz blockade in place. In addition to that, Cardano has also benefited from the growing retail strength over the past few days. Data obtained from Coin Glass shows that the ADA futures Open Interest (OI) is up over 6% in the last 24 hours to $464.84 million, suggesting increased retail activity amid anticipation of sharp moves. The positive funding rate of 0.0090% reveals a bullish undertone in the positional buildup as buyers are willing to hold long positions at a premium. The positive derivatives data suggest that fresh retail capital is entering the Cardano market, with traders optimistic of an ADA rally in the near term. Cardano technical forecast The ADA/USD 4-hour chart is bearish and efficient despite Cardano extending its recovery above $0.2500 at press time on Wednesday. However, ADA is still trading below the 50-day Exponential Moving Average (EMA) at $0.2600, ensuring a broader bearish bias. Meanwhile, the 100-day and 200-day EMAs at $0.3009 and $0.3953, respectively, serve as overhead resistances. The momentum indicators suggest that ADA could rally higher in the near term. The Moving Average Convergence Divergence (MACD) histogram is marginally above its signal lines. The Relative Strength Index (RSI) hovers at 59, hinting at stabilizing and growing bullish momentum within a broader capped structure. If the rally persists, initial resistance would be encountered at the 50-day EMA around $0.2600, where any recovery is likely to face the first meaningful supply zone. The next major resistance is at the 100-day EMA near $0.3009 and then the more distant 200-day EMA at $0.3953, which continues to define the wider bearish backdrop. However, if the bears regain control, they could push ADA’s price below the key support levels, $0.2328 and $0.2205, which serve as the March 29 and February 6 lows, respectively. The post ADA eyes breakout as Bitcoin hits $78K and crypto rally gains pace appeared first on Invezz

Invezz 2026-04-22 12:53
Bitcoin Price Analysis: BTC Must Clear $79,200 to Unlock Critical Upward Momentum
BitcoinWorld Bitcoin Price Analysis: BTC Must Clear $79,200 to Unlock Critical Upward Momentum Bitcoin has surged past $78,000 after nearly 75 days of sideways trading, but analysts warn that BTC must clear $79,200 to fuel sustained upward momentum. This critical resistance zone now defines the market’s next major move. Bitcoin Tests Dual Resistance Levels According to data from CoinDesk, Bitcoin is currently testing two significant resistance levels simultaneously. The first is the True Market Mean, which sits at $78,200. Checkonchain, an on-chain analytics platform, defines this metric as the average purchase price of the actual circulating supply. This calculation excludes lost and dormant coins, providing a clearer picture of where selling pressure concentrates. The second resistance level is the Short-Term Holder Realized Price (STHRP) at $79,200. This metric represents the average entry price for investors who have held Bitcoin for a short duration. Since the current spot price remains below this level, short-term holders are sitting on a slight loss. Historical Context and Previous Rejection In mid-January, Bitcoin tested the STHRP around $98,000. However, the price faced strong rejection at that level. This historical event highlights the importance of the STHRP as a psychological and technical barrier. A similar pattern is now unfolding at a lower price point. Market participants closely watch these levels. A successful break above $79,200 would flip both indicators into support zones. Such a shift typically fuels upward momentum, as former resistance becomes a floor for future price action. On-Chain Data Reveals Market Sentiment On-chain metrics provide deeper insights into investor behavior. The True Market Mean, for instance, reflects the aggregate cost basis of active coins. When Bitcoin trades below this level, it suggests that the average holder is underwater. Conversely, a move above indicates renewed profitability. The STHRP, meanwhile, captures the sentiment of short-term traders. These investors often react quickly to price changes. A break above their average entry price could trigger buying pressure, as losses turn into gains. What Happens If Bitcoin Fails to Break Through? If Bitcoin cannot clear the $79,200 resistance, the current sideways trend may persist. Prolonged consolidation often tests investor patience. In such scenarios, selling pressure can increase, opening the door to a potential further decline. Key support levels below $78,000 include $75,000 and $72,000. A breakdown below these thresholds could accelerate losses. Traders should monitor volume and momentum indicators for confirmation of the next move. Broader Market Implications Bitcoin’s price action influences the entire cryptocurrency market. A decisive breakout above $79,200 could lift altcoins and reignite bullish sentiment. Conversely, a failure may drag down major tokens like Ethereum and Solana. Institutional interest remains a key factor. Recent filings for spot Bitcoin ETFs and growing adoption by corporations add a layer of fundamental support. However, technical resistance still dominates short-term price action. Expert Analysis and Trader Strategies Analysts recommend a cautious approach. Waiting for a confirmed breakout above $79,200 with strong volume reduces risk. False breakouts are common in volatile markets, and traders should avoid chasing price. For long-term holders, the current levels present an accumulation opportunity. Historical data shows that Bitcoin often rewards patience during consolidation phases. The True Market Mean and STHRP serve as reliable guides for entry points. Timeline of Key Events Mid-January: Bitcoin tests STHRP at $98,000, faces rejection. 75 days of sideways trading: BTC consolidates between $70,000 and $78,000. Current: Bitcoin breaks $78,000, tests True Market Mean and STHRP. Conclusion Bitcoin’s ability to clear $79,200 will determine its near-term trajectory. The True Market Mean and Short-Term Holder Realized Price provide clear technical signals. A successful breakout could fuel upward momentum, while a failure may prolong the sideways trend. Traders and investors should watch these levels closely for actionable insights. FAQs Q1: What is the True Market Mean in Bitcoin analysis? A1: The True Market Mean is the average purchase price of Bitcoin’s actual circulating supply, excluding lost and dormant coins. It indicates where significant selling pressure is concentrated. Q2: Why is $79,200 a critical resistance level for Bitcoin? A2: $79,200 represents the Short-Term Holder Realized Price (STHRP), the average entry price for recent buyers. Breaking above this level would turn it into support, fueling upward momentum. Q3: What happened when Bitcoin tested the STHRP in January? A3: In mid-January, Bitcoin tested the STHRP around $98,000 but faced strong rejection, leading to a price decline. This historical event underscores the level’s importance. Q4: What could happen if Bitcoin fails to break $79,200? A4: A failure to break $79,200 could prolong the sideways trend and open the door to a potential decline, with key support at $75,000 and $72,000. Q5: How does Bitcoin’s price action affect the broader crypto market? A5: Bitcoin’s movements often influence altcoins and overall market sentiment. A breakout above $79,200 could lift other cryptocurrencies, while a failure may drag them down. This post Bitcoin Price Analysis: BTC Must Clear $79,200 to Unlock Critical Upward Momentum first appeared on BitcoinWorld .

Bitcoin World 2026-04-22 12:50

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