Binance Will Temporarily Suspend All Withdrawals and Deposits This Week: Check Out Why
Main Idea
Binance will pause wallet services for all networks on July 31 for a live upgrade, while trading remains unaffected, and has made recent adjustments to supported tokens and loanable assets.
Key Points
1. Binance will pause wallet services for all networks on July 31 due to a live upgrade, expected to take approximately 15 minutes.
2. Trading of tokens will not be impacted during the upgrade, provided the network remains stable.
3. Binance recently added CVX/USDC, FUN/USDC, and LISTA/USDC trading pairs, with CVX dropping 8% and LISTA spiking in value.
4. The exchange expanded loanable assets to include tokens like TRUMP, S, PNUT, VIRTUAL, SSV, HOME, and RESOLV.
5. Binance removed the Seed Tag from meme coins such as BONK, PEPE, and PENGU.
6. Rumors suggest Binance may list Pi Network’s PI token, though the exchange has previously denied such plans.
Description
TL;DR Binance will pause all deposits and withdrawals on July 31 during a wallet maintenance. The company has recently implemented numerous changes to its platform, with some community members speculating that it may list Pi Network (PI) next month. The Upcoming Disruption The world’s leading crypto exchange announced that deposits and withdrawals for all networks will be paused on July 31 . The reason is a live upgrade on the wallet network infrastructure, which should take approximately 15 min...
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