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Binance Halts AR and EGLD Trading Amid Network Upgrades

Coin WorldFriday, Jan 31, 2025 1:32 am ET

1min read

Binance, the world's largest cryptocurrency exchange, has announced a temporary suspension of trading for Arweave (AR) and MultiversX (EGLD) tokens due to upcoming network upgrades. The exchange aims to ensure the safety of users' assets during these critical periods.

The Arweave network is set to undergo a significant upgrade, which may impact the AR token's functionality and trading. Binance has decided to suspend AR trading from February 1st to February 7th to minimize potential risks. Similarly, the MultiversX network is preparing for a major upgrade, leading to a temporary suspension of EGLD trading from February 2nd to February 8th.

Binance's decision to suspend trading during these network upgrades is a proactive measure to protect users from potential market volatility and ensure the security of their assets. The exchange will closely monitor the situation and resume trading once the upgrades are complete and the networks are stable.

In related news, Ethereum developers have postponed a public testnet upgrade due to a new consensus bug discovered on the Pectra Devnet 5. The bug, stemming from BLS precompile optimization, has been resolved, and the launch of Devnet 6 is expected to proceed as planned. Developers also addressed a critical security vulnerability in the Geth client, urging nodes using version 1.14 or later to upgrade immediately.

The Pectra upgrade schedule includes key dates such as the Devnet 6 launch during the week of February 3rd and critical decisions concerning the Holesky and Sepolia testnet upgrades slated for February 6th. The official announcement of the testnet upgrade is expected around February 10th-11th, with the Holesky testnet upgrade around February 19th and the Sepolia testnet upgrade around February 26th. The Ethereum mainnet upgrade is planned for mid-March.

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