Crypto Exchange Binance Plans to Retire Old IOTA Deposit Addresses: Explanation Provided
Heads Up, Binance.US Beefin' with IOTA!
Folks, brace yourselves! Binance.US, y'know, the American branch of the big daddy crypto exchange, Binance, has shared some exciting news on social media. Seems like they're preparing to bid adieu to existing IOTA deposit addresses in support of the much-anticipated IOTA mainnet upgrade.
In a recent blog post on their site, Binance.US announced their support for the upcoming IOTA network upgrade, happening May 5, 2025, at 3:00 a.m. EDT. In the name of upgrade preparedness, they're retiring the old IOTA deposit addresses on May 2, 2025, at 11:00 p.m. EDT and doling out new ones post-upgrade. Users are strongly advised to shift all their IOTA deposits before this date to prevent losing their hard-earned crypto cash.
Dogecoin Short Sellers Got Punked! 'Michael Saylor Hypes Bitcoin's Scarcity with Bible Twitter Tweet' and 'XRP's $134 Billion Play for the Top Spot Over Tether (USDT)' was yesterday's news, ya know!
If you're a Binance.US user, be aware that IOTA deposits and withdrawals are to be halted starting May 2, 2025, at 11:00 p.m. EDT. Don't toss IOTA into your account after that time, or you'll be left hanging; funds that are deposited late or in progress after this period may not make it to your account. Additionally, if you've got a saved or whitelisted deposit address, toss it out, as it's being scrubbed. Fresh deposit addresses for IOTA will be doled out within a week of the upsgraded network going live.
IOTA's Rebased Network Upgrade: What's Poppin'?
Wheel out the confetti and champagne, folks, 'cause you're about to witness IOTA's Rebased network upgrade go down! This is a historic event as the network swaps its current Stardust architecture for the brand-spankin' new IOTA network.
IOTA Sets the Date: What's Comin' Down?
Tune into our boy, Tomiwabold Olajide, as he breaks down the deets on this show-stopping upgrade. It all goes down May 5, 2025, as the new network emerges through a Genesis Ceremony with 13 validators. Keep an eye on your IOTA stash, but rest easy; trading will continue uninterrupted, with deposit and withdrawal services resuming post-upgrade.
** #IOTA News**
- Binance.US is preparing to retire the old IOTA deposit addresses in support of the upcoming IOTA mainnet upgrade on May 5, 2025.
- Users are strongly advised to shift all their IOTA deposits before May 2, 2025, to prevent losing their hard-earned crypto cash.
- IOTA deposits and withdrawals on Binance.US will be halted starting May 2, 2025, and fresh deposit addresses for IOTA will be doled out within a week of the upgraded network going live.
- IOTA is about to undergo a Rebased network upgrade, swapping its current Stardust architecture for a brand-spankin' new IOTA network on May 5, 2025.
- Keep an eye on your IOTA stash, but rest easy; trading will continue uninterrupted during the upgrade, with deposit and withdrawal services resuming post-upgrade.
