Binance recently announced significant updates regarding the IOTA token, confirming that deposits and withdrawals for IOTA will be temporarily suspended on the IOTA network starting May 5, 2025, at 14:00 (UTC+8). This decision is part of a broader effort to enhance user experience by facilitating a critical network upgrade and hard fork. The upgrade is slated to commence shortly afterward, precisely at 15:00 (UTC+8).
The IOTA development team is implementing this upgrade to bolster network efficiency and performance, ensuring seamless interaction for users post-fork. Investors are advised to stay informed about the upcoming changes and adjust their trading strategies accordingly. With continued advancements in blockchain technology, this upgrade is indicative of IOTA’s commitment to evolving within the rapidly changing crypto landscape.