Bithumb suspends INJ deposit and staking services

Iranian President Peshichiyan said on the 9th that Iran's Supreme Leader Mojtaba has ordered the end of the "no war, no peace" state. Iran is willing to negotiate, but will not succumb to coercion or bullying. (Source: Iran's Tasnim News Agency, Al Jazeera)

A NiceHash user purchased a mining package for 50 USDT, successfully mined a Bitcoin block, and earned 3.125 BTC, worth approximately $235,300. This block is the first Bitcoin block mined using NiceHash's newly launched USDT package, which eliminates the need for users to own ASIC miners or operate mining farms.

Geode Capital increased its stake in MSTR by 87% in the third quarter. Geode Capital currently holds MSTR shares worth $750 million. (Bitcoin Archive)

PNC Bank has partnered with Coinbase to allow eligible corporate and institutional clients to receive payments in USDC, issued by Circle, with funds automatically converted to USD upon arrival. This service aims to help businesses access funds faster and expedite cross-border transaction settlements, and is initially being rolled out as a pilot program. Tom Lang, head of product and operations at PNC's fund management division, stated that the current objective is to test stablecoin functionality with clients. PNC already offers cryptocurrency trading through Coinbase's "Crypto-Service" platform last year and provides banking services to Coinbase. (Source: Reuters)

Due to the Injective network ceasing block production, Bithumb will suspend INJ deposits and withdrawals starting at 23:00 KST on November 9th. During the suspension, INJ staking and unstaking applications will be suspended, but spot trading will continue as normal. Bithumb will reopen deposits and withdrawals once the network stabilizes. Withdrawals submitted but not yet completed before the suspension will be processed sequentially, and deposits received after the suspension will be credited sequentially upon resumption.