Binance Announces Temporary Suspension of BNB Chain Functions for Maintenance

Binance, the world’s leading cryptocurrency exchange, has revealed plans to conduct wallet maintenance on the BNB Smart Chain (BSC), leading to a temporary halt of key functions. The maintenance is scheduled to commence at 06:00 UTC on April 17, 2025, with deposits and withdrawals for BEP-20 tokens being paused five minutes prior at 05:55 UTC. The suspension is expected to last approximately one hour, though Binance has not provided a fixed end time, stating that normal operations will resume only after ensuring network stability. This brief interruption highlights the exchange’s commitment to maintaining a secure and efficient blockchain infrastructure for its users.

Binance to Halt Key Functions on BNB Chain on April 17

Binance, the leading digital asset exchange, has announced wallet maintenance on the BNB Smart Chain, resulting in a one-hour pause of key functions, including deposits and withdrawals involving BEP-20 tokens. The maintenance will begin at 06:00 UTC on April 17, with deposits and withdrawals paused five minutes earlier at 05:55 UTC. Binance emphasized that it will only reopen deposits and withdrawals once the network is stable. No fixed end time was provided.

Whales Continue to Offload Ethereum Amid Market Slump

Galaxy Digital, the crypto investment firm led by Mike Novogratz, has been offloading its Ethereum (ETH) holdings over the past several days. According to blockchain analytics platform LookOnChain, the firm deposited another 12,500 ETH, valued at approximately $20.36 million, to Binance on April 15. Notably, Galaxy has moved 25,000 ETH worth over $40 million to the exchange in just three days. This comes amid a market slump, raising questions about what’s ahead for Ethereum and the broader crypto market.