Bithumb Suspends Transactions with Sanctioned Iran-Related Exchanges
- Compliance Action: On March 15, 2025, Bithumb announced the suspension of all deposit and withdrawal transactions with two Iran-related digital asset platforms, Zedxion and Zedcex, aiming to comply with the U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctions, thereby protecting customer assets and enhancing anti-money laundering (AML) compliance.
- Regulatory Adaptation: This transaction suspension reflects Bithumb's proactive response to the global regulatory landscape, demonstrating its commitment to operating within both domestic and international legal frameworks, ensuring operational integrity and user security, while aligning with the stringent oversight mandated by South Korea's Financial Services Commission (FSC).
- Market Impact: Bithumb's decision may affect users attempting to transfer funds to and from Zedxion and Zedcex, but the exchange assures that all other services continue to operate normally; given its significant market share in South Korea's crypto ecosystem, this move will have profound implications for market sentiment and operational norms.
- Industry Trends: Bithumb's action may set a compliance benchmark for other exchanges, as global regulatory standards for cryptocurrency continue to evolve, prompting the industry to enhance compliance technologies and monitoring tools to address increasingly stringent sanctions enforcement trends.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0608 | 0.0686 | 0.0777 | 0.0854 | 0.0945 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.075 | 0.079 | 0.0854 | 0.0919 | 0.0958 | 0.102 |
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