Ethereum Price Latest Push Raises Question: Has a Short-Term Top Formed?

  vor 5 Tagen

Ethereum price failed to clear the $3,300 resistance and dipped. ETH is now showing a few bearish signs and might decline toward $3,080. Ethereum started a downside correction below $3,240 and $3,200. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $3,200 zone. Ethereum Price Trims Gains Ethereum price failed to continue higher above $3,300 and started a downside correction, like Bitcoin . ETH price dipped below $3,240 and $3,220 to enter a short-term bearish zone. There was a break below a key bullish trend line with support at $3,200 on the hourly chart of ETH/USD. The pair even dipped below $3,150. A low was formed at $3,123, and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low. Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. If the bulls can protect more losses below $3,120, the price could attempt another increase. Immediate resistance is seen near the $3,180 level. The first key resistance is near the $3,200 level. The next major resistance is near the $3,220 level or the 50% Fib retracement level of the recent decline from the $3,308 swing high to the $3,123 low. A clear move above the $3,220 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,300 resistance zone or even $3,320 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,220 resistance, it could start a fresh decline. Initial support on the downside is near the $3,120 level. The first major support sits near the $3,080 zone. A clear move below the $3,080 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region. 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 – $3,120 Major Resistance Level – $3,220

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Ethereum Network Usage Jumps Nearly 45% As Bulls Push to Reclaim Higher Levels

  vor 5 Tagen

Ethereum is attempting to stabilize above the $3,200 level as the broader crypto market shows early signs of relief following weeks of volatility and corrective pressure. While price action remains cautious, bulls are working to defend this zone as a potential base for further recovery. Against this backdrop, on-chain data is beginning to paint a more constructive picture for Ethereum’s underlying fundamentals. A recent CryptoOnchain analysis using CryptoQuant data highlights a notable acceleration in Ethereum network activity. The 7-day moving average of the total transfer count has climbed to approximately 870,000 transactions, a sharp increase from the roughly 600,000 average recorded in the weeks leading up to December 29. This nearly 45% rise in activity suggests a meaningful surge in network usage rather than a short-lived anomaly. The increase in transfers points to growing engagement across the Ethereum ecosystem, including decentralized applications, DeFi protocols, and broader value transfers. Importantly, this expansion in activity is occurring while price consolidates, a dynamic that often signals strengthening fundamentals beneath the surface. When sustained, rising on-chain usage can precede periods of improved market confidence, as demand for block space and ETH as a utility asset increases. Network Activity Establishes a Higher Usage Baseline The report explains that the current expansion in Ethereum network activity began on December 29, when the daily total transfer count surged to a peak of roughly 1.06 million transactions. While activity has cooled slightly since that extreme reading, the pullback has been notably shallow. Daily transfer counts have remained consistently elevated, fluctuating near the 900,000 level. This persistence is an important signal, as it suggests the initial spike was not driven by a single event or temporary speculation, but instead marks the formation of a higher structural baseline for network usage. From an interpretation standpoint, a sustained increase in transaction volume is one of the clearest indicators of network health and organic demand. It reflects growing engagement across Ethereum’s ecosystem, including decentralized applications, DeFi protocols, NFT marketplaces, and simple value transfers. Unlike price-driven metrics, transaction activity captures real usage, making it particularly valuable during consolidation phases. Historically, periods of rising and stable on-chain activity have often preceded positive price developments. Increased transaction counts imply stronger demand for ETH as a utility asset, since it is required to pay gas fees and interact with protocols. With ETH currently consolidating around the $3,200 level, the durability of this elevated activity will be critical. If sustained, it could provide a solid fundamental foundation for Ethereum’s next directional move higher. Ethereum Consolidates as Bulls Defend the $3,200 Zone Ethereum’s weekly chart shows a market attempting to stabilize after a volatile correction, with price currently holding just above the $3,200 level. This zone has become a key short-term pivot, acting as a battleground between buyers seeking continuation and sellers defending higher supply. After the sharp rebound from the $1,800–$2,000 region earlier in the cycle, ETH entered a broad consolidation phase, reflecting cooling momentum rather than outright trend reversal. From a structural perspective, Ethereum remains above its long-term moving averages, with the 200-week MA trending upward and providing a solid macro support base well below the current price. However, the 50-week and 100-week moving averages are now converging near the $3,300–$3,500 region, reinforcing this area as a critical resistance cluster. Trading activity has normalized after prior expansion phases, indicating reduced speculative intensity rather than aggressive distribution. This aligns with a market digesting previous gains while awaiting a new catalyst. If bulls manage to reclaim and hold above the $3,500 level, the structure would favor a renewed push toward higher highs. Conversely, a loss of $3,200 could expose ETH to a deeper retracement toward the $2,800–$3,000 demand zone, where buyers are likely to re-emerge. Featured image from ChatGPT, chart from TradingView.com

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Crypto Market Watches As Clarity Act Enters Senate Debate Next Week: US Senator

  vor 5 Tagen

There’s still a lot of work to be done by US lawmakers to give clarity (no pun intended) and perhaps closure to the long-standing debate on how the CLARITY Act should be enacted into law, when, and how. Related Reading: Bitcoin ETFs Bring The Heat: $1.2 Billion Flows In First 48 Hours—Analyst One lawmaker in the person of Senate Banking Committee Chairman Sen. Tim Scott said the CLARITY Act will be debated in the Senate next week, setting up what could be a decisive moment for US crypto rules. Scott has signaled a markup and a committee vote as early as next Thursday, reports note, putting pressure on negotiators who have been revising the bill for months. Related Reading: Bitcoin ETFs Bring The Heat: $1.2 Billion Flows In First 48 Hours—Analyst Senate Vote Scheduled For Next Week According to multiple reports, Scott told press he wants a formal vote to put members on record about market structure for digital assets. The move comes after lawmakers paused action late last year and pushed key work into January, a delay that left the industry watching closely. seems to me we’re probably going to get a crypto market structure bill…I reviewed the list of remaining issues and the main potential ‘showstoppers’ left are some things around illicit finance re: DeFi front-ends etc…surely some deal should be possible there?…Jan 15th… — _gabrielShapir0 (@lex_node) January 6, 2026 Supporters say the bill would aim to spell out which federal agencies regulate different parts of the crypto market, and to reduce some legal uncertainty for exchanges and token projects. Based on reports, the draft includes provisions on how the SEC and CFTC would share oversight and on consumer protections, though most final details are still being hashed out. Lawmakers Face Key Policy Disputes Several major sticking points remain unresolved, including rules for decentralized finance, stablecoin yields, and how many regulators are needed to take enforcement actions. Reports have warned that the committee may be rushing toward a vote while those issues are still open, which could complicate getting bipartisan support later on. Industry groups and some senators have urged more time to iron out those details. That pressure comes as proponents argue the country needs clearer rules to guide firms and investors. The debate has become both technical and political, with members of both parties expressing concern about leaving important protections unclear. Markets React To The Uncertainty Based on market reports, news of delays and uncertainty around the bill has already moved prices. Bitcoin briefly pushed past $93,000 before retreating to about $86,729 after a recent holdover in the Senate, showing how sensitive crypto markets can be to legislative timing. Traders and firms are watching the calendar closely because even the promise of a vote can sway flows and sentiment. Related Reading: Bitcoin Wealth Isn’t About Hype—It’s About Time And Stacking, Expert Says Bill Could Reach The President The House approved its version of the market structure framework last year, meaning a Senate passage would send the measure to the desk of US President Donald Trump for signature. Committee leaders say getting a clear vote on record is important both for transparency and for moving negotiations forward on the Senate floor. Featured image from National Investigative Training Academy, chart from TradingView

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Bitcoin Price Dips Further, Setting Up a High-Stakes Support Moment

  vor 5 Tagen

Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000. Bitcoin started a downside correction and traded below the $92,000 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it stays below the $92,500 zone. Bitcoin Price Starts Downside Correction Bitcoin price failed to stay above $94,000 and started a downside correction . BTC dipped below $93,200 and $92,500 to enter a short-term bearish zone. The price even dipped below $92,000 and tested $90,650. A low was formed at $90,666 and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low. Bitcoin is now trading below $92,000 and the 100 hourly Simple moving average . Besides, there is a bearish trend line forming with resistance at $92,650 on the hourly chart of the BTC/USD pair. If the price remains stable above $90,500, it could attempt a fresh increase. Immediate resistance is near the $91,400 level. The first key resistance is near the $92,200 level and the 50% Fib retracement level of the recent decline from the $93,771 swing high to the $90,666 low. The next resistance could be $92,500. A close above the $92,500 resistance might send the price further higher. In the stated case, the price could rise and test the $93,050 resistance. Any more gains might send the price toward the $93,800 level. The next barrier for the bulls could be $94,000 and $94,500. More Downsides In BTC? If Bitcoin fails to rise above the $92,500 resistance zone, it could start another decline. Immediate support is near the $90,500 level. The first major support is near the $90,000 level. The next support is now near the $89,000 zone. Any more losses might send the price toward the $87,200 support in the near term. The main support sits at $86,000, below which BTC might accelerate lower 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 – $90,500, followed by $90,000. Major Resistance Levels – $92,200 and $92,500.

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XRP Quietly Locks in the Financial System: ETFs, Treasuries, and $1T Settled — Is the Market Still Asleep?

  vor 5 Tagen

XRP’s role in global finance is broadening fast, with new details underscoring its growing footprint across settlement infrastructure, regulation, institutional balance sheets, ETFs, and real-world assets as adoption accelerates. XRP Enters the ETF Era While Institutions Secure Billion-Dollar Positions Behind the Scenes Ripple reposted details shared by blockchain developer platform RippleX on Jan. 6, 2026,

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GENIUS Act Sparks Intense Clash Between US Crypto Innovators and Banking Giants

  vor 5 Tagen

BitcoinWorld GENIUS Act Sparks Intense Clash Between US Crypto Innovators and Banking Giants In Washington D.C., a legislative battle is intensifying over the future of digital money. The proposed GENIUS Act has become the epicenter of a fierce clash between the burgeoning U.S. cryptocurrency sector and the established traditional banking industry. This conflict, reported in early 2025, centers on how stablecoins—digital assets pegged to stable reserves like the U.S. dollar—should be regulated, with profound implications for financial competition and consumer choice. The GENIUS Act and the Core of the Dispute The GENIUS Act represents a bipartisan effort to create a federal regulatory framework for payment stablecoins. Consequently, its provisions aim to foster innovation while ensuring consumer protection. However, a critical section allowing for interest payments or “rewards” on stablecoin holdings has ignited the current controversy. Proponents argue this feature drives adoption and benefits users. Conversely, banking institutions warn it could destabilize the traditional lending ecosystem. This legislative push follows years of regulatory uncertainty. For instance, the stablecoin market has grown significantly despite operating in a legal gray area. Therefore, the GENIUS Act seeks to provide much-needed clarity. The Blockchain Association, a leading crypto advocacy group, supports the bill’s current form. They assert it establishes necessary guardrails without stifling a nascent industry. Meanwhile, the American Bankers Association (ABA) has launched a vigorous campaign for amendments, framing the debate as a matter of financial stability. Cryptocurrency Sector’s Stance on Fair Competition The Blockchain Association has mounted a strong defense of the GENIUS Act . They characterize the banking sector’s opposition as a defensive maneuver by entrenched incumbents. Specifically, the association argues that large banks are attempting to undermine a hard-won bipartisan consensus. Their core claim is that there is no empirical evidence that stablecoin adoption harms traditional financial institutions. Instead, they position stablecoins as a tool for greater financial inclusion and public benefit. “Traditional bank accounts often favor established interests,” a representative stated in a recent policy brief. “In contrast, stablecoin rewards can offer more direct and accessible benefits to the general public.” The group emphasizes that competition drives better services and lower costs for consumers. They warn that allowing banks to shape the rules could create a regulatory moat, effectively driving out innovative competitors before they can challenge the status quo. This perspective frames the clash not just as a policy debate, but as a fundamental struggle over the future architecture of finance. Banking Industry’s Warnings and Systemic Concerns The American Bankers Association has presented a starkly different analysis focused on systemic risk. In a detailed statement to the U.S. Senate, the ABA highlighted the bill’s provision for interest payments as a major flaw. The association contends this aspect lacks clear regulatory oversight regarding reserve management and consumer disclosures. Their primary concern is a potential migration of deposits from insured bank accounts to uninsured stablecoin platforms offering higher yields. This shift, they argue, could significantly shrink the pool of core deposits that banks rely on to fund loans. The ABA warns that small and medium-sized businesses, which depend heavily on bank lending, could face higher borrowing costs or reduced credit availability. Households seeking mortgages or auto loans might also be impacted. The banking lobby insists that any stablecoin legislation must include robust safeguards to prevent disruption to the traditional credit system, which they view as the backbone of the American economy. Historical Context and the Path to Legislation The current debate did not emerge in a vacuum. It is the latest chapter in a decade-long tension between disruptive fintech and traditional finance. Previous legislative efforts, like the Clarity for Payment Stablecoins Act, laid the groundwork but stalled. The GENIUS Act gained momentum in 2024 as bipartisan lawmakers sought a compromise. Key events leading to this clash include: 2020-2022: Explosive growth of the stablecoin market, reaching over $150 billion in circulation. 2023: Several state-level regulatory frameworks are enacted, creating a patchwork system. Early 2024: A series of congressional hearings establish a baseline for federal action. Late 2024: Drafting of the GENIUS Act begins, incorporating feedback from both tech and finance sectors. This timeline shows how regulatory lag often fuels market uncertainty. Furthermore, international moves by jurisdictions like the EU with its MiCA regulation have increased pressure on U.S. policymakers to act. The table below summarizes the key arguments from each side: Stakeholder Core Argument Primary Concern Desired Outcome Blockchain Association (Crypto) Promotes innovation and fair competition; stablecoins benefit the public. Banks will use regulation to kill competition. Pass the GENIUS Act without bank-friendly amendments. American Bankers Association (Banks) Protects financial stability and the lending ecosystem. Stablecoin rewards will drain bank deposits and hurt lending. Amend the GENIUS Act with strict limits on stablecoin yields. Expert Analysis on the Economic Impact Financial policy experts are closely monitoring the situation. Dr. Anya Sharma, a fintech regulation scholar at Georgetown University, notes the debate reflects a classic innovation-versus-stability dilemma. “The data on deposit migration is still theoretical,” she explains. “However, banks’ concern about their low-cost funding base is very real. The ideal policy would encourage stablecoin innovation while mitigating any runoff risk, perhaps through phased implementation or yield caps initially.” Other analysts point to the potential for collaboration. Some suggest a model where banks themselves could issue regulated stablecoins, blending traditional trust with new technology. This outcome, however, remains uncertain as the lobbying efforts on both sides intensify. The resolution of this clash will likely set a precedent for how the U.S. governs other frontier technologies at the intersection of finance and digital innovation. Conclusion The fierce clash over the GENIUS Act underscores a pivotal moment for the U.S. financial system. It is more than a dispute over a single bill; it is a contest between two visions for the future of money. The cryptocurrency industry champions the act as a gateway to innovation and inclusive finance. Conversely, the traditional banking sector defends it as a necessary bulwark for economic stability. The congressional path forward will require balancing these competing, legitimate concerns. The outcome will determine whether the United States fosters a competitive digital asset landscape or reinforces the dominance of existing financial institutions. Ultimately, the decision will shape the accessibility, efficiency, and resilience of American finance for years to come. FAQs Q1: What is the GENIUS Act? The GENIUS Act is a proposed U.S. federal bill to create a regulatory framework for payment stablecoins. It aims to establish rules for issuance, reserves, and consumer protection. Q2: Why are banks opposed to the current version of the bill? Banks, led by the American Bankers Association, oppose provisions allowing interest payments on stablecoins. They fear this will attract deposits away from traditional banks, reducing the funds available for lending to businesses and households. Q3: What is the cryptocurrency industry’s main argument in support of the act? Groups like the Blockchain Association argue the bill fosters fair competition and innovation. They state stablecoins offer public benefits and that there is no evidence they harm traditional banks, accusing the banking sector of trying to stifle competitors. Q4: What are stablecoins? Stablecoins are a type of cryptocurrency designed to have a stable value, typically pegged to a fiat currency like the U.S. dollar. They are used for trading, transfers, and as a digital store of value. Q5: What happens if no stablecoin legislation is passed? Without federal legislation, the current patchwork of state regulations and regulatory uncertainty would continue. This could hinder innovation in the U.S. while other jurisdictions like the EU advance with clearer rules, potentially putting American companies at a competitive disadvantage. This post GENIUS Act Sparks Intense Clash Between US Crypto Innovators and Banking Giants first appeared on BitcoinWorld .

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Bithumb ATOM Suspension: Essential Guide to the Temporary Cosmos Network Halt

  vor 5 Tagen

BitcoinWorld Bithumb ATOM Suspension: Essential Guide to the Temporary Cosmos Network Halt SEOUL, South Korea – January 2025. In a decisive move to ensure network integrity, leading South Korean cryptocurrency exchange Bithumb has announced a temporary suspension of all deposit and withdrawal services for Cosmos (ATOM). This planned operational pause, commencing at 09:00 UTC on January 12, directly supports a significant upgrade to the Cosmos Hub blockchain. Consequently, this action highlights the critical, behind-the-scenes maintenance required for a secure and evolving digital asset ecosystem. Understanding the Bithumb ATOM Suspension Bithumb’s proactive decision centers on facilitating a seamless network upgrade for Cosmos (ATOM). The Cosmos Hub, which serves as the central blockchain within the broader Cosmos ecosystem, periodically undergoes protocol enhancements. These upgrades often introduce new features, improve security, and enhance overall performance. Therefore, to protect user funds and ensure transactional accuracy during this critical period, exchanges like Bithumb must temporarily halt related services. This standard industry practice prevents potential errors, such as transactions being sent to an incompatible or temporarily unstable network. Network upgrades, or “hard forks,” represent fundamental changes to a blockchain’s protocol. They require all network participants, including validators and node operators, to update their software simultaneously. During this coordinated transition, the network can experience instability. As a result, processing deposits or withdrawals carries a high risk of loss or failure. Bithumb’s suspension, therefore, acts as a necessary safeguard. It mirrors procedures commonly adopted by global exchanges like Coinbase and Binance during similar blockchain events. The Cosmos Network Upgrade: Context and Implications The Cosmos ecosystem, often dubbed the “Internet of Blockchains,” enables different sovereign blockchains to interoperate. The ATOM token powers the Cosmos Hub, which coordinates the entire network. Upgrades are vital for maintaining its competitive edge and technological relevance. For instance, past upgrades have introduced Inter-Blockchain Communication (IBC) protocol enhancements and improved governance mechanisms. The upcoming upgrade likely follows this trajectory, focusing on scalability, security, or new staking features. For ATOM holders, this temporary suspension has clear, immediate implications. Firstly, users cannot move ATOM tokens onto or off of the Bithumb platform during the suspension window. However, trading of ATOM against other cryptocurrencies on Bithumb’s internal order books typically remains unaffected. This distinction is crucial for traders. Secondly, users engaged in staking ATOM directly on the Cosmos network through their own wallets are generally unaffected by the exchange’s actions. The suspension primarily impacts the on-ramp and off-ramp functions between the exchange and the live blockchain. Expert Perspective on Exchange Protocol Management Industry analysts consistently emphasize that such maintenance halts are a hallmark of responsible exchange operation. “A planned, communicated suspension for a network upgrade is a sign of operational maturity,” notes a blockchain infrastructure report from Delphi Digital. “It demonstrates the exchange’s commitment to asset security over mere convenience. The alternative—risking user funds during a volatile chain transition—is unthinkable for a regulated platform.” This perspective underscores that while inconvenient, these pauses are engineered for user protection. Furthermore, Bithumb’s advance notice provides ample time for users to plan their asset movements, aligning with best practices for transparency. Timeline and User Action Guide Bithumb has provided a specific timeline for this operational change. The suspension for ATOM deposits and withdrawals begins precisely at 09:00 UTC on January 12. The service will remain paused until the exchange confirms the Cosmos network upgrade is stable and fully operational. While no exact end time is given, these suspensions typically last between 2 to 8 hours, depending on the upgrade’s complexity. Bithumb will issue an official announcement via its website and social media channels once services fully resume. Users should take several proactive steps: Plan Ahead: Complete any necessary ATOM deposits or withdrawals well before the 09:00 UTC deadline on January 12. Monitor Official Channels: Check only Bithumb’s official website or verified social media for updates on service restoration. Understand Trading Status: Remember that spot trading of ATOM is usually unaffected. The suspension applies only to blockchain transactions. Beware of Scams: Ignore any direct messages or unofficial sources claiming to offer “early” reactivation of services for a fee. The following table contrasts this planned suspension with other types of exchange halts: Type of Halt Cause Typical Duration User Risk Planned Upgrade (e.g., This ATOM suspension) Scheduled network maintenance Hours Low (Planned) Security Incident Potential exploit or hack Days to Weeks High Regulatory Order Government directive Indefinite Variable Wallet Maintenance Internal system update Minutes to Hours Low Broader Impact on the Crypto Ecosystem Events like Bithumb’s ATOM suspension illustrate the intricate interdependence between exchanges and underlying blockchain networks. A major South Korean exchange pausing services for a top-30 cryptocurrency like ATOM can temporarily affect liquidity and arbitrage opportunities across global markets. However, the overall market impact is typically minimal and short-lived, as other exchanges continue operating. Moreover, this event serves as a practical reminder of the fundamental difference between holding assets on an exchange versus in a self-custodied wallet. Self-custody allows users to participate directly in network governance and upgrades, albeit with greater personal responsibility. The reliability of an exchange’s communication during such events also factors into its reputation. Bithumb’s clear, advance notice aligns with the standards expected by the Helpful Content System, which prioritizes user-centric, reliable information. Providing actionable details—the exact time, the specific token, and the clear reason—helps users make informed decisions, reducing anxiety and potential support tickets. Conclusion Bithumb’s temporary suspension of ATOM deposits and withdrawals is a standardized, security-focused procedure. It enables the safe implementation of a crucial Cosmos network upgrade. This action underscores the dynamic nature of blockchain technology, where periodic evolution is necessary. For users, it necessitates minor planning but ultimately safeguards their assets. As the Cosmos ecosystem continues to grow, such coordinated maintenance between networks and exchanges remains a cornerstone of a secure and progressing digital finance landscape. The Bithumb ATOM suspension, therefore, is a routine sign of a maturing industry prioritizing long-term stability over temporary convenience. FAQs Q1: Can I still trade ATOM on Bithumb during the suspension? A1: Yes, typically. The suspension applies only to depositing to or withdrawing from the Bithumb wallet via the blockchain. Trading ATOM against other cryptocurrencies on the exchange’s internal platform is usually unaffected. Q2: How long will the ATOM deposit and withdrawal suspension last? A2: Bithumb has not specified an exact end time. The duration depends on the Cosmos network upgrade’s completion and stability. Similar planned suspensions often last between 2 to 8 hours. Users should monitor Bithumb’s official announcements for the reopening notice. Q3: Will my ATOM tokens be safe on Bithumb during this time? A3: Yes. The suspension is a preventive measure to ensure safety. Your ATOM balance on the exchange remains secure. The action prevents transactions from being broadcast to a potentially unstable network, which is the primary risk. Q4: Does this affect ATOM staking rewards? A4: If you are staking ATOM directly on the Cosmos network using a personal wallet (like Keplr), this exchange suspension does not impact you. If you are using Bithumb’s staking services, you should check their specific announcement for any related details on reward distribution during the pause. Q5: Why doesn’t Bithumb just support the upgrade without suspending services? A5: Technologically, processing transactions during a network upgrade is highly risky. The old and new software versions may be incompatible, leading to lost or stuck transactions. A full pause is the only method to guarantee that no user funds are lost due to a chain reorganization or validation error during the transition. This post Bithumb ATOM Suspension: Essential Guide to the Temporary Cosmos Network Halt first appeared on BitcoinWorld .

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