AscendEX ceases operations and pauses automated withdrawals, requiring manual review for all requests
Telegram/ZachXBT •
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Promote with Leviathan NewsAscendEX's July 6 notice says withdrawals can be delayed, require more docs, or not be processed at all while it assesses its financial position. That turns the risk from slow withdrawals into recovery priority, especially after ZachXBT flagged known EVM, Tron, and Solana hot wallets including 0x983873529f95132BD1812A3B52c98Fb271d2f679 and TP523ZC2721Dnu6nxYSFi14cWUBfu8YTXG. Once a CEX stops trading, pauses automated withdrawals, and invokes possible insolvency constraints, users are negotiating claims rather than exits as of July 6, 2026.
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Delphi Digital's "State of Token Markets" report reveals insider unlocks costing ~7% excess return per event, no value accrual to holders, and disastrous CEX listings (median down 82%) defined poor token returns, but major DeFi protocols now fix this by routing fees to holders via buybacks (Hyperliquid, Uniswap, Jupiter, Aave) and gating supply on KPIs, while institutional IBIT holdings surged 62% year-over-year, creating the strongest setup token asset class has ever had.
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Bybit launches first 20 US stock perpetuals, joining Coinbase, Bitget, and OKX in CEX equities push
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Crypto winter deepens in 2026 Q1 as total market cap drops 20% to 2.4T, BTC falls 22%, CEX volume sinks 39%, while stablecoins stay flat at 310B and oil surges 77% on war tensions.
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