Binance will stop Ethereum network (ERC20) deposits and withdrawals temporarily for scheduled maintenance
CryptoCaster Quick Check:
Leading cryptocurrency exchange Binance alerts Ethereum network users to a significant event that may have an impact on deposits and withdrawals on a specified date: the crypto exchange will be undergoing standard wallet maintenance.
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Binance has announced that it would perform wallet maintenance for the Ethereum network (ERC20) on October 24 at 7:00 a.m. (UTC). It will take roughly two hours to complete the maintenance.
As a result, Binance has announced that deposits and withdrawals on the Ethereum network (ERC20) would be suspended on October 24 at 6:55 a.m. (UTC). During wallet maintenance, trade of digital assets and currencies on the Ethereum network (ERC20) will not be impacted.
Binance completed wallet maintenance on the Tron network earlier this week, on October 18. Binance warned users not to panic once the news broke, warning that they might witness 👆 huge transfers from TRX hot wallets as a result.
As accumulation increases, Ethereum reaches a new milestone
According to IntoTheBlock data, a new milestone has been attained.
According to Santiment, whale addresses with more than one million ETH now control 32.3% of the supply for the first time since July 16, indicating significant accumulation.
On October 16, ETH transactions worth more than $1 million recorded their second highest day in a month.
ETH was up 4.37% in the last 24 hours to $1,615 at the time of writing.
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