Bithumb, one of South Korea's largest cryptocurrency exchanges, has issued two significant announcements affecting Worldcoin (WLD) and Solv Protocol (SOLV). The exchange will temporarily suspend WLD deposits and withdrawals starting April 30 at 9:30 a.m. UTC to support an upcoming Worldcoin network upgrade, while it has officially removed SOLV from its delisting watchlist after the project resolved prior concerns under DAXA monitoring standards.
The WLD suspension is a standard precaution during major network changes to prevent transaction errors. Bithumb has not specified a resumption date but will notify users upon completion. Traders holding WLD on Bithumb are urged to complete pending transactions before the deadline to avoid disruption.
Worldcoin's network upgrade focuses on improving scalability, security, and user experience for its iris-scanning identity verification system. Such protocol changes can render old transaction formats invalid, prompting exchanges to halt services.
Separately, Bithumb's removal of SOLV from its delisting watchlist follows a thorough review under the Digital Asset eXchange Alliance (DAXA) guidelines. Solv Protocol, a decentralized liquid staking and DeFi platform, successfully addressed the exchange's concerns regarding project transparency and operational stability. This decision eliminates a major risk for SOLV holders and signals renewed confidence in the project.
