Binance to Suspend Ethereum (ETH) Deposits and Withdrawals for Major Network Upgrade on May 7, 2025

In a significant announcement on May 7, 2025, Binance will temporarily halt all token deposits and withdrawals for multiple networks including Ethereum (ETH), Arbitrum (ARB), and Optimism (OP), effective from 17:45 (UTC+8). This strategic suspension aims to facilitate the upcoming Ethereum network upgrade and necessary hard fork set for 18:05 (UTC+8) on the same day. Other notable networks affected include zkSync Era (ZKSYNC), Base (BASE), and Manta Network (MANTA), among others. The upgrade is crucial for enhancing network capabilities and improving overall security. Investors and traders are advised to prepare accordingly as this upgrade is anticipated to positively influence transaction efficiency across the platform.