Upbit takes control of its own Ethereum chain with Optimism

South Koreas Upbit has partnered with Optimism to develop a dedicated Ethereum Layer 2 blockchain using the OP Stack.Upbit has partnered with Optimism to build GIWA Chain, an Ethereum Layer 2 where the exchange will run its own infrastructure under the Self Managed OP Enterprise tier.Optimism said the setup allows Upbit to retain sequencer control, which determines transaction ordering and captures fees, while receiving technical support and failover safeguards.  According to an announcement from the Optimism Foundation, the new network, called GIWA Chain, will operate under the Self-Managed tier of OP Enterprise, allowing Upbit to run the chain independently while receiving technical support from the foundation.  Positioning control over infrastructure as a key requirement, Jing Wang, director at the Optimism Foundation, said institutional operators prefer owning the chains their users interact with rather than relying on third-party infrastructure. The Self-Managed model addresses that preference by placing operational responsibility, including sequencer control, directly with the chain operator.  Upbit takes full control of sequencer operations  Under the structure outlined by Optimism, Upbit will operate its own sequencer, which determines how transactions are ordered and included in blocks. The Optimism Foundation explained that sequencers also generate revenue by collecting transaction fees, making them both a compliance and

05-05

Aave files emergency motion to lift restraining notice on frozen ETH

Aave LLC filed an emergency motion in New York on May 4 to vacate a restraining notice served on Arbitrum DAO. Aave says stolen ETH cannot become North Koreas property through an alleged crypto exploit claim.Gerstein Harrow argues frozen ETH can satisfy judgments tied to alleged North Korea-linked crypto theft.Aave warns the freeze could delay rsETH recovery and harm users across the DeFi ecosystem.  The notice seeks to block the transfer of Ethereum linked to the April 18 rsETH incident. Aave asked the court to lift the notice, set a fast hearing, or require a $300 million bond if the freeze remains.  Gerstein Harrow LLP obtained court permission on May 1 to serve the notice, a writ of execution, and a coming turnover motion against Arbitrum DAO.  The filing says the notice targets about $71 million in frozen ETH that plaintiffs claim should satisfy unpaid judgments against North Korea. Aave disputes that claim.  Aave disputes North Korea ownership claim  Aave argued that stolen assets do not become a judgment debtors property because a thief held them for a short time. The filing said plaintiffs relied on “conjecture from posts on the internet” and that their theory “defies logic, common sense, and the law.”  The motion also

05-05

Ethereum Price Prediction: Expert Reveals How ETH Can Hit $2550 Soon

According to the technical structure, unless the ETH price is able to overcome this resistance decisively, downside pressure may once again take over. Martinez cautioned that “failure to clear this barrier could trigger a retracement to the channels lower boundary, currently near $2,210.”  Nonetheless, the arrangement inverts to the bullish side when buyers could maintain the momentum above the trendline.  He said that an authenticated daily close above 2,375 would open the door to a 7% bullish breakout. In such a scenario, Martinezs Ethereum price prediction hints “targeting the next structural high at $2,550.”  Analyst Ted Pillows also spotlighted the importance of this crucial zone. In his Ethereum price prediction, the area of the $2,400 is highlighted as a crucial resistance zone in line with the prior supply in the range.  Ethereum (ETH) Price Analysis | Source: Ted Pillows, X  He said that “ETH tried to break above the $2,400 level but failed.” His chart shows that there are two distinct paths: a re-take of this level would propel Ethereum to new heights of $2,500 and above.  On the other hand, another rejection would push the price into another downwards direction below 2,300.  ETH Short Liquidations, Whale Accumulation, Ethereum ETF data Data  In addition to Ethereum price chart

05-05

BTC price now: Bitcoin crosses $81,000, ETH, SOL, DOGE to move higher

Bitcoin just gave the options desks the breakout they were positioning for.  The largest crypto crossed $81,000 in Asian hours Tuesday, its highest level since late January, up from $79,000 at the end of U.S. trading hours on Monday and 5.3% higher on the week.  Other majors traded mixed. Ether held $2,379, off 0.1% on the day but up 4.0% on the week. XRP slipped 0.9% to $1.40. Solana dropped 0.9% to $84.84. BNB sat at $626. Dogecoin gave back 1.0% to $0.1117 after last weeks run, though it remains the standout on the seven-day tape at 12.4% as futures open interest continues to sit at year-highs.  The move came despite Brent crude paring just to $113 a barrel after surging 5.8% Monday on Irans disputed missile claim, with WTI near $104.  The macro picture has not actually improved, even as developments in the ongoing U.S.-Iran seem to be losing their grip on bitcoin.  U.S. destroyers Truxtun and Mason transited the Strait of Hormuz overnight, escorting two U.S.-flagged vessels through under what U.S. Central Command described as “coordinated threats.” A VTTI oil terminal in Fujairah was struck in an aerial attack. President Donald Trump told Salem News Channel the war may last another two to

05-05

Upbit takes control of its own Ethereum chain with Optimism

South Koreas Upbit has partnered with Optimism to develop a dedicated Ethereum Layer 2 blockchain using the OP Stack.Upbit has partnered with Optimism to build GIWA Chain, an Ethereum Layer 2 where the exchange will run its own infrastructure under the Self Managed OP Enterprise tier.Optimism said the setup allows Upbit to retain sequencer control, which determines transaction ordering and captures fees, while receiving technical support and failover safeguards.  According to an announcement from the Optimism Foundation, the new network, called GIWA Chain, will operate under the Self-Managed tier of OP Enterprise, allowing Upbit to run the chain independently while receiving technical support from the foundation.  Positioning control over infrastructure as a key requirement, Jing Wang, director at the Optimism Foundation, said institutional operators prefer owning the chains their users interact with rather than relying on third-party infrastructure. The Self-Managed model addresses that preference by placing operational responsibility, including sequencer control, directly with the chain operator.  Upbit takes full control of sequencer operations  Under the structure outlined by Optimism, Upbit will operate its own sequencer, which determines how transactions are ordered and included in blocks. The Optimism Foundation explained that sequencers also generate revenue by collecting transaction fees, making them both a compliance and

05-05

OP Price Prediction: Bulls Eye $0.15 as Smart Money Accumulates

The Immediate Setup  Optimism punched through $0.13 resistance with a clean 2.45% daily gain, positioning at the upper Bollinger Band as momentum shifts decisively bullish. The MACD histogram flattening to zero signals selling pressure exhaustion while $2.6M volume on Binance spot confirms legitimate breakout potential rather than false momentum.  The moving average stack compressed between $0.12-$0.13 creates a coiled spring effect with all short-term EMAs converging at $0.12, establishing this level as critical support. RSI at 55 provides substantial runway before overbought conditions while the Bollinger Band position at 0.60 suggests preparation for an upper band test.  Smart Money Divergence  Derivatives data reveals institutional accumulation beneath surface selling pressure. Top traders maintain 58.1% long positioning while aggressive taker activity shows a 0.69 buy/sell ratio, indicating retail distribution into professional hands. Open interest jumped 4.42% to $17.1M despite selling pressure, confirming absorption at current levels.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full OP price, calculator & analysis  The funding rate at 0.0097% remains neutral, eliminating leverage distortions that typically plague breakout attempts. According to analysts at Blockchain.news, this combination of institutional positioning against retail selling often precedes sharp directional moves when technical resistance breaks.  Technical Targets  The $0.15

05-05

Binance Launches Withdraw Protection to Strengthen User Asset Security

Tech  Binance Launches ‘Withdraw Protection’ to Strengthen User Asset SecurityWithdraw Protection allows users to temporarily freeze their digital assets, blocking on-chain withdrawals for a duration of one to seven days.Assets cannot be removed from the exchange during this period, giving users an additional degree of control when they want to be very cautious.  “Withdraw Protection,” a new user-centric security feature that allows users more control over the protection of their digital assets, was introduced by Binance today. The new feature, which users may activate at any time, offers an additional layer of account security as part of Binances continuous commitment to proactive user protection and education.  Withdraw Protection allows users to temporarily freeze their digital assets, blocking on-chain withdrawals for a duration of one to seven days. Assets cannot be removed from the exchange during this period, giving users an additional degree of control when they want to be very cautious.  Additionally, users may choose whether or not early unlocking is allowed. If this is the case, both a security key and an authenticator app must be activated. Other potential verification methods include email confirmation and phone/SMS authentication.  Withdraw Protection provides a strong lockdown option that completely prevents early unlocking for consumers who want the

05-05

SUI Price Prediction: Bulls Eye $1.20 as Whales Accumulate During Retail Exodus

Market Structure Reveals Hidden Strength  SUI has settled into a deceptive calm at $0.94, but beneath the surface lies a brewing storm. The token trades within narrow boundaries while momentum indicators show neither extreme, creating the perfect environment for smart money to quietly build positions. This sideways action isn‘t weakness—it’s accumulation disguised as boredom.  The current price action hugs key technical levels while volume patterns reveal a fascinating divergence. Large players continue positioning for upside while immediate selling pressure creates the liquidity they need. This dance between institutional accumulation and retail distribution sets the stage for the next major move.  The Whale-Retail Disconnect  Derivatives positioning tells a compelling story about market sentiment. Top traders maintain nearly a 2:1 long bias with almost two-thirds positioned bullish, while retail follows with similar positioning. Yet aggressive selling dominates the immediate order flow, creating an interesting dynamic where smart money builds while weak hands provide exit liquidity.  This disconnect between positioning and price action creates pressure that typically resolves violently to the upside. When institutional players hold heavy long positions while retail provides the selling pressure they need to accumulate, the spring mechanism tightens. The current setup mirrors classic pre-breakout conditions seen in previous altcoin cycles.  Technical Convergence Points to

05-05

Solana Price Prediction: SOL Holds Near $85 as Bulls Eye Recovery Despite Weak Technical Pressure

Tech  Solana Price Prediction: SOL Holds Near $85 as Bulls Eye Recovery Despite Weak Technical Pressure  Solana (SOL) remains under pressure below key resistance levels, but strong on-chain activity and long-term cycle signals keep the recovery narrative alive.  Solana price is trying to show some recovery, with price holding near the mid-$80 region while traders continue to debate whether the current zone is an accumulation or another failed recovery attempt.  According to Brave New Coin, Solana is trading around $84.94, up 1.32% in the last 24 hours. The asset currently holds a market cap near $48.96 billion, with daily volume around $3.05 billion.  Solana Price Holds Near $85  Solanas latest price action shows a small recovery attempt, but buyers still need stronger follow-through. The move from the $83.38 intraday low back towards $85 shows that demand remains at lower levels, but the price has not yet cleared the main resistance area.  The first short-term level to watch is $86, which has acted as a near-term ceiling. If SOL can push above this area and hold, the next upside zone sits around $88–$90. A clean break above $90 would be more meaningful because it would show that buyers are finally taking control after several failed attempts.  For now, the

05-05

ARB Price Prediction: $0.135 Relief Rally Before $0.11 Retest

Market Context: Why ARB is Moving Now  Arbitrum trades in limbo at $0.12, trapped between sideways grind and mounting distribution. The L2 scaling narrative has cooled as regulatory fog thickens, yet ARBs defense near multi-month lows signals quiet accumulation beneath surface churn.  Recent -0.76% decline tells half the story – volume stays elevated at $9.6M despite weak price action, showing institutional appetite persists while retail loses patience with extended consolidation.  Technical Setup Points to Bounce  RSI neutral at 48.11 shows neither momentum nor capitulation – prime conditions for reversals. MACD histogram sits flat at zero, signaling imminent directional break as price hugs lower Bollinger Band at $0.12 in classic oversold territory.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full ARB price, calculator & analysis  The key technical squeeze emerges from ARBs position between moving averages – below 20-day resistance at $0.13 but above 50-day support at $0.11. This compression typically resolves with sharp moves within one week.  Smart Money Positioning  Derivatives data reveals the underlying story. Top traders hold 1.16 long/short ratio at 53.7% long, indicating whale accumulation despite retail exodus. The aggressive 0.86 sell ratio shows smaller players dumping into stronger hands – classic redistribution that Blockchain.news

05-05
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