Bitfinex has provided updates on their scheduled platform upgrade. The upgrade commenced at 9:30 AM UTC on May 5th, 2024, and the platform was taken offline for approximately 2-3 hours. At 11:55 AM UTC, the platform will return in view-only mode, allowing users to cancel orders before trading resumes at 12:00 PM UTC. Prior to the upgrade, Bitfinex had announced the temporary downtime and provided a link to a detailed announcement. The company had also previously investigated and addressed issues with reduced platform performance, temporarily halting trading before resuming operations.
Our upgrade is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 11:55 AM UTC, before trading opens at 12:00 PM UTC. Thank you for your patience.
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
🔧Scheduled Maintenance: the Bitfinex Trading Platform will be temporarily offline for 2-3 hours on May 5, 2024, starting around 9:30 AM UTC. More details here 👇 blog.bitfinex.com/announcements/…
Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience.
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
SimpleBTC App Launches Interactive Bitcoin Education with Lightning Rewards
A new educational platform called SimpleBTC App aims to revolutionize Bitcoin learning through: - Interactive lessons combining theory with practical transactions - Lightning Network rewards for completing lessons - Certification system to verify knowledge - Duolingo-style approach to cryptocurrency education The platform was created by Yannick to address the knowledge gap in traditional financial education regarding Bitcoin and monetary systems. [Watch the full demonstration](https://youtu.be/Qe387JdqDoQ)
US Strategic Bitcoin Reserve Announced at White House Crypto Summit

Former President Trump has announced the creation of a US Strategic Bitcoin Reserve at the inaugural White House Crypto Summit. Key developments include: - Executive order establishing a virtual Fort Knox within US Treasury - Commitment to end regulatory crackdowns on crypto - Push for stablecoin legislation by August 2025 Market reaction showed initial price increases on anticipation, followed by a sell-the-news event after the official announcement. The initiative marks a significant shift in US digital asset policy, though immediate market impact remains uncertain. Read more: [Bitfinex Alpha Report](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-market-losses-rise-as-bulls-hesitate/)
KAIA Token Now Trading on Bitfinex with Zero Maker Fees
Bitfinex has officially launched trading for $KAIA, the native token of KaiaChain. Key details: - Zero fees for maker orders - 4 basis points fee for taker orders - KaiaChain represents Asia's largest Web3 ecosystem - Created through merger of Klaytn & Finschia platforms - Integrated with LINE and Kakao Talk super apps KaiaChain aims to provide Web3 services to millions of users across Asia through established messaging platforms. The blockchain offers Ethereum-equivalent functionality as a Layer 1 solution. Learn more: [Educational Guide](https://blog.bitfinex.com/token/what-is-kaia-kaia/)
Bitfinex Integrates USDT0 for Cross-Chain Operations

Bitfinex has launched support for USDT0, an omnichain version of Tether's USDT stablecoin. Built on LayerZero's Omnichain Fungible Token standard, USDT0 enables: - Seamless transfers across multiple blockchains - No fragmented liquidity or traditional bridges - Support on networks including Ink and Arbitrum One The integration allows Bitfinex users to deposit and withdraw USDT0 across supported chains, streamlining cross-chain operations. [Learn more about USDT0](https://blog.bitfinex.com/token/what-is-usdt0/)
Ethereum's Price Struggles Amid Project Slowdown and High Fees
Ethereum's performance remains subdued due to several key factors: - High gas fees deterring new projects and builders - $1,800 identified as crucial support level to monitor - ETH ETFs showing mixed results: * Some inflows to newer products like BlackRock * Significant outflows from established funds like Grayscale The ETH/BTC ratio has reached its lowest point in over 1,200 days, with aggressive selling by major market makers like Jump Trading contributing to a 40% price decline. [Read full analysis on Cointelegraph](https://cointelegraph.com/news/ether-1-8k-correction-global-tariff-fears-eth-etf-outflows)