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BitcoinWorld KuPool Strengthens Leadership with Ethereum Mining Pioneer Shelton Qiu, Driving LTC Hashrate Expansion and DOGE/LTC Market Dominance PROVIDENCIALES, Turks and Caicos Islands, Nov. 6, 2025 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced that Shelton Qiu, former Marketing Director and Business Development Lead at SparkPool, has joined the KuPool team as Chief Operation Officer. This strategic addition further strengthens KuPool’s leadership in mining capability and KuCoin’s position as a comprehensive hashrate production and allocation hub. With nearly a decade of experience in blockchain and mining, Qiu played a pivotal role in helping SparkPool become the world’s largest Ethereum mining pool and maintain its industry-leading position. During his tenure, he actively contributed to technological innovation and community development, advancing the Ethereum PoW ecosystem and promoting industry knowledge sharing. At KuPool, he will leverage his deep engineering insight and operational expertise to scale Litecoin (LTC) mining hashrate , enhance system stability, and drive sustainable profitability for professional miners and institutional clients. Qiu is also expected to play a key role in expanding KuPool’s global reach , forming technical and ecosystem partnerships, and advancing product innovation across multi-currency mining—including LTC, DOGE, PEPE, Lucky, and BELLS . His leadership will accelerate KuPool’s vision of building a trusted, transparent, and high-performance mining infrastructure that embodies the decentralized principles of Proof of Work (PoW). “Qiu’s proven expertise in engineering and ecosystem development will accelerate KuPool’s growth and strengthen our leadership in DOGE and LTC mining,” said Chris Zhu , Head of KuPool. “I am thrilled to join KuPool at this pivotal moment, bringing my experience to contribute to a platform that prioritizes trust and innovation in mining,” said Shelton Qiu , COO of KuPool. “With KuPool’s strong foundation in stable hashrate and high yields for LTC and DOGE, I look forward to advancing technology-driven innovation and user-oriented services to drive further growth, ensuring verifiable returns and enhanced competitiveness for miners worldwide.” KuPool’s total mining hashrate continues to grow, with its LTC/DOGE pool consistently ranking fourth globally — a testament to its strong market reputation and robust product capabilities. About KuPool KuPool is a new mining pool service within the KuCoin ecosystem, dedicated to building transparent, secure, and verifiable mining infrastructure. Leveraging KuCoin’s advantages in security, compliance, and asset management, KuPool offers miners a fair and trusted experience through efficient, traceable profit-sharing mechanisms and support for major and merged mining cryptocurrencies such as LTC, DOGE, PEPE, Lucky, and BELLS. With “Verified Hashing, Trusted Mining” at its core, KuPool promotes the sustainable growth of the blockchain hashrate economy. Learn More: https://www.kupool.com/ This post KuPool Strengthens Leadership with Ethereum Mining Pioneer Shelton Qiu, Driving LTC Hashrate Expansion and DOGE/LTC Market Dominance first appeared on BitcoinWorld .
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History Says Bitcoin (BTC) May Fall 60% If This Key Support Fails to Hold
Bitcoin is testing a key level that has previously marked the start of major market corrections. The 50-week simple moving average (50W SMA), now near $102,000, has served as a long-term support line in multiple past cycles. Its failure has often led to extended drawdowns. As of press time, the asset was priced at $103,000, showing a modest 1% gain over the last 24 hours. Over the past week, it has declined 7%, with daily trading volume near $61.7 billion. 50W SMA and Historical Breakdown Patterns Market history shows that each time Bitcoin lost the 50W SMA, a sharp correction followed. Analyst Ali Martinez pointed to several examples where this support failed: a 50% drop in 2011, 67% in 2014, 60% in 2018, and 66% in late 2021. The 2020 crash during the COVID outbreak also saw a 55% decline after the same breakdown. Martinez stated, “Bitcoin has seen an average 60% drop each time it has lost the 50W SMA as support.” Based on that pattern, a confirmed break below $102,000 could project a potential move toward $40,000. This level is now being viewed as a make-or-break area for Bitcoin’s longer-term structure. Source: Ali Matinez/X Key Short-Term Levels and Price Reaction Analyst Lennaert Snyder also marked $102,000 as a short-term support level to monitor. He noted that the 4-hour chart still shows an uptrend and added, “I prefer to hold key $102,000 support to not lose the 4H uptrend.” He also pointed to $107,100 as a key level for bulls to reclaim. Analyst Ted observed that Bitcoin moved below the EMA-50 and emphasized the importance of the weekly close. He explained, “A weekly close below EMA-50 means the dump is just the beginning.” Meanwhile, key liquidity levels sit near $90,000 and $126,000, with the possibility of a drop to fill the CME gap before any recovery. Market Structure, MACD Signal, and Open Interest Linton Worm pointed to a confirmed bearish MACD cross and linked it to previous cycle tops. “In 2021, it predicted the crash. Now the same is happening,” he said, adding that $70,000 could be the next support to watch if pressure continues. Meanwhile, data from Darkfost showed a sharp drop in Bitcoin open interest across major exchanges. Since October 10, open interest has declined by over $10 billion, led by Binance, which saw a $4 billion decrease. Bybit and Gate.io followed with drops of $3 billion and $2 billion, respectively. Leverage remains low, and confidence among traders appears limited as the correction unfolds. The post History Says Bitcoin (BTC) May Fall 60% If This Key Support Fails to Hold appeared first on CryptoPotato . Bitcoin World
Shiba Inu Ambassador Kusama’s Location Shifts Spark Speculation on Ecosystem Hints Amid Price Dip
Shytoshi Kusama, Shiba Inu lead ambassador, recently updated his X bio location to Oslo, Norway, after a series of cryptic changes, sparking community speculation about upcoming ecosystem developments as 2025 Bitcoin World
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