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withdraw

Websea has received strategic investment from a Middle Eastern family fund, with the resumption of withdrawals imminent, marking the beginning of a new development phase

According to the official announcement, the digital asset trading platform Websea has reached an investment intention with a strategic investor and will officially open withdrawals on May 18 at 16:00 (UTC+8), while also announcing specific withdrawal arrangements.It is reported that this strategic investment comes from a family fund in the Middle East. Both parties have conducted multiple rounds of in-depth communication on core issues such as the platform's asset status, business structure optimization, recovery path design, and long-term development planning, ultimately reaching a consensus for cooperation. Currently, the investor is advancing the capital injection process according to procedures, while simultaneously carrying out final confirmation work such as legal review, agreement signing, and equity arrangements.Websea CMO Herbert R. Sim stated that Websea has gone through an exceptionally difficult time, but in the face of many doubts from the industry, the platform team members have been working silently and have finally welcomed new life. He believes that this test is both a challenge and an opportunity for the platform. He also mentioned that with the entry of the investor, the platform will publish proof of reserves (Proof of Reserves, POR) and conduct regular disclosures to further enhance user asset transparency and market confidence. The platform will also continue to optimize its product structure and ecological mechanisms to promote long-term stable development.

Kraken partners with MoneyGram to launch cryptocurrency withdrawal services in over a hundred countries and reveals that the IPO process is "80% complete"; MARA Holdings' Q1 financial report is scheduled for May 11, with consensus expectations of a loss of $2.34 per share

According to BBX data, this week the outflow channels of cryptocurrency infrastructure and the forward-looking financial reports of mining companies are advancing on two fronts, with the core dynamics as follows:Kraken (parent company Payward, Inc.) and the global payment network MoneyGram announced the establishment of a global strategic partnership through PR Newswire on May 5. Kraken users can withdraw cash exchanged for cryptocurrency in hundreds of fiat currencies at nearly 500,000 MoneyGram physical locations covering over 100 countries; initially focusing on cryptocurrency outflows, with plans to expand to local bank deposits and cross-border remittance flows; Kraken is responsible for customer identity verification, while MoneyGram provides licensed remittance services and compliance frameworks. Kraken co-CEO Arjun Sethi confirmed in an interview with Fortune that the company's IPO progress is "close to 80%," having previously submitted its confidential S-1 filing to the SEC. Bloomberg estimates the current valuation at approximately $13.3 billion based on a $200 million equity investment from Deutsche Börse.MARA Holdings, Inc. (NASDAQ: $MARA) officially announced on ir.mara.com on May 4 that its Q1 2026 financial report will be released after the market closes on May 11, with a conference call scheduled for 5:00 PM (ET); analyst consensus expects an EPS of approximately -$2.34 and revenue of about $184.2 million. As of the end of 2025, the company holds 53,822 BTC, with full-year revenue for 2025 at $907 million (up 38% year-on-year) and a hash rate of 66.4 EH/s; during Q1 2026, the price of BTC fell from about $87,000 to around $68,000, putting pressure on the mining company's total costs. The market will focus on the progress of its AI/HPC data center transformation and the rollout pace of the Starwood JV, which exceeds 1 gigawatt capacity.The U.S. Department of Labor released the April non-farm employment data on May 8, showing an increase of 115,000 jobs, nearly double the market expectation; Bitcoin maintained a range of $79,000---$80,000 after the data was released, with the market interpreting this "soft landing" signal as favorable for risk assets—an unheated job market means an increased probability of the Federal Reserve maintaining current interest rates, keeping the mid-term liquidity environment for cryptocurrency stable. The monthly net inflow for Bitcoin spot ETFs in April was approximately $2.44 billion, the strongest single month data of the year; April's monthly close rose by 16%, and if May's closing price remains above $76,000, it will confirm three consecutive months of positive monthly closes for Bitcoin, which Fundstrat founder Tom Lee defines as a "bear market ending signal."

Binance launches withdrawal lock feature to address risks of "wrench attacks" and other offline coercion

According to market news, Binance has announced the launch of a user-controlled "Withdraw Protection" feature, aimed at preventing offline coercion attacks (commonly known as "wrench attacks") against cryptocurrency holders. This feature allows users to actively lock their account withdrawal permissions for 1 to 7 days and provides a stricter "lock mode," which cannot be lifted early during the set period.Binance stated that this locking mechanism cannot be overridden by platform customer service but is controlled by internal policy, not an on-chain cryptographic lock. Binance's Chief Security Officer, Jimmy Su, indicated that this move stems from the risk trends observed on the platform, including cases where some users in high-risk areas have been forced to transfer funds. By setting a withdrawal delay, it can buy users time to respond and recover in extreme situations.Data shows that incidents of offline coercion against cryptocurrency users are significantly rising in 2025, with related attacks often bypassing traditional account security mechanisms, as the actions are completed by the users themselves under pressure. Industry insiders believe that the time-lock mechanism can change this risk model to some extent. Binance emphasizes that this feature does not affect law enforcement agencies' ability to act in accordance with the law, while also advising users to strengthen API key management and privacy protection to reduce the risk of being targeted.
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