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Binance To Halt Polygon Withdrawals To Support Network Upgrade
Crypto Trends

Binance To Halt Polygon Withdrawals To Support Network Upgrade

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Global cryptocurrency exchange Binance has announced it will suspend deposits and withdrawals for tokens on the Polygon (POL) network next week to facilitate an upcoming protocol update and hard fork.

The move is a standard operational procedure to ensure the smooth transition of assets during core blockchain maintenance. The network upgrade, dubbed the “Rio” hard fork, is a crucial phase in Polygon’s ongoing technical roadmap, targeting substantial improvements in network scalability and efficiency.

According to the announcement, the temporary suspension is scheduled to begin at approximately 13:12 UTC on October 8, 2025. The hard fork itself is expected to take place about an hour later, at the specific block height of 77,414,656, or around 14:12 UTC.

Binance confirmed that the trading of Polygon-related tokens will remain unaffected during the maintenance window, and no action is required from users who hold POL or other tokens on the exchange. Deposits and withdrawals are expected to resume once the updated network is deemed stable.

Rio Upgrade Targets 5,000 TPS and Decentralization

The Rio mainnet upgrade is positioned as a foundational change to the Polygon Proof-of-Stake (PoS) chain’s architecture. The primary objective is to enhance the network’s capacity to handle high-demand applications, with the ultimate goal of supporting up to 5,000 transactions per second (TPS).

This scaling effort is part of the network’s broader “GigaGas” roadmap, which focuses on better accommodating global payments and the growing sector of tokenized Real-World Assets (RWAs). 

The hard fork includes key technical proposals designed to optimize block production and validation. This includes PIP-64, the Validator- Elected Block Producer (VEBloP), which introduces a new block production model intended to increase network throughput and eliminate chain recognitions.

Additionally, PIP-72 introduces “Witness- Based Stateless Verification,” a feature that allows validator nodes to confirm blocks without needing to maintain the entire blockchain state, a change aimed at lowering hardware requirements and supporting decentralization. 

While the brief pause in service may inconvenience users who need to move their tokens on the Polygon network around the specified time, the action ensures the exchange can manage all technical requirements for its users. The timeline for the reopening of deposit and withdrawal services will be solely dependent on the stability of the upgraded Polygon PoS mainnet.

Also Read: Polygon Teams Up with Cypher Capital to Expand POL Access



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Binance Founder Meets Kazakhstan President Highlights Crypto Moves
Crypto Trends

Binance Founder Meets Kazakhstan President, Highlights Crypto Moves

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Binance founder Changpeng Zhao (CZ) met with Kazakhstan President Kassym-Jomart Tokayev this week, highlighting recent developments in the country’s digital asset policy.

In a post, CZ pointed to three areas: Binance’s local regulatory license, the rollout of the KZTx stablecoin, and the addition of BNB to Kazakhstan’s reserve holdings.These moves reflect broader steps the country has taken to formalize its digital asset framework, which will be examined in more detail below.

New photo, from today. Honored to meet with President Kassym-Jomart Tokayev again 3 year laters. Lots of progress in Astana, Kazakhstan🇰🇿

Binance Licensed
Stablecoin KZTx stablecoin
Crypto Reserve includes #BNB
And much more…

Great city name, too.😆 https://t.co/SdlFqtF8ZK pic.twitter.com/sHHVo7k9XW

— CZ 🔶 BNB (@cz_binance) October 2, 2025

Binance license formalizes operations in Kazakhstan

Binance received regulatory approval to operate locally earlier, allowing it to provide crypto services under Kazakhstan’s digital asset framework.

The license followed the government’s idea to set up rules aimed at attracting global exchanges while maintaining oversight. Meanwhile, the country was a pioneer to launch Central Asia’s First Bitcoin ETF.

KZTx stablecoin launch links to payments and reserves

The KZTx stablecoin was launched as part of Kazakhstan’s broader initiative to integrate digital assets into its financial system. 

Authorities had already taken steps in this direction by authorizing USD-backed stablecoins for paying certain regulatory fees, a measure aimed at testing the practical use of digital currencies in state processes

The Alem Crypto Fund, Kazakhstan’s state-backed vehicle for managing digital asset reserves, which recently announced the purchase of BNB for long-term holding. 

CZ’s remarks after meeting President Tokayev highlighted steps already underway in Kazakhstan’s digital asset strategy: the licensing of Binance, the launch of the KZTx stablecoin, and the addition of BNB to state reserves. 

These developments illustrate how the country is beginning to implement previously announced policies about the digital asset world, with further outcomes depending on how regulatory and market structures evolve.

Also read: Kazakhstan’s RAKS Exchange Dismantled Over Money Laundering





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Bitcoin Spot Market Regains Momentum On Binance: A Shift In Investor Behavior
NFT Gaming

Bitcoin Spot Market Regains Momentum On Binance: A Shift In Investor Behavior

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is experiencing a modest surge after enduring days of persistent selling pressure, offering temporary relief to traders. Despite the bounce, price action continues to struggle at higher levels, and momentum remains uncertain. Bulls are attempting to stabilize the market, but conviction is still lacking, leaving investors cautious about whether the rebound can develop into something more sustained.

Related Reading: Bitcoin Wholecoiner Inflows Decline To Lowest Levels Since November 2023 – Details

Adding to the discussion, top analyst Darkfost shared insights pointing to an important shift in trading dynamics. According to him, spot buying is making a notable comeback on Binance, an exchange where derivatives activity has traditionally dominated since the launch of Futures. Historically, the average trading ratio on Binance has leaned heavily toward leveraged products, reflecting the speculative nature of market participation.

However, during specific periods, such as today, spot markets regain strength and capture a larger share of trading flows. Darkfost highlights that this return of spot demand is a key signal, as it often reflects genuine capital entering directly into Bitcoin rather than leveraged positioning. This can serve as a stabilizing factor, consolidating market structure and building stronger foundations for a potential recovery.

Spot Market Dynamics: A Shift Toward Sustainable Growth

Analyst Darkfost explains that the recent uptick in spot buying reflects a meaningful change in investor behavior. Instead of focusing on the fast-paced speculation of derivatives, more traders are allocating capital directly into Bitcoin itself. This shift is significant because spot purchases represent actual ownership of BTC, making them more sustainable than leveraged bets that can unwind quickly.

Binance Spot vs Futures Dominance | Source: Darkfost

Darkfost explains that when spot activity increases, it signals fresh capital flowing into the market. These inflows strengthen the underlying market structure, reducing reliance on speculative leverage and laying a sturdier foundation for price stability. Historically, periods where spot flows dominate have often coincided with the early phases of short- or medium-term bullish recoveries. These stages are marked by consolidation, where strong hands accumulate and prepare the market for the next leg upward.

Beyond Bitcoin, the spot trend also extends to altcoins traded on Binance. Current data highlights large spot volumes in tokens such as BNB, which recently reached a new all-time high, Alpine — the Formula 1 team’s fan token — and PUMP, the meme-inspired token from Pumpfun. These flows illustrate that when investors turn to spot markets, liquidity and interest often spill over into highly active altcoins, amplifying broader market momentum.

Bitcoin Faces Resistance After Sharp Rebound

Bitcoin is trading around $113,400 after staging a sharp recovery from lows near $110,000 earlier in the week. The 8-hour chart shows a strong bounce, but momentum has now slowed as the price approaches a cluster of resistance levels. The $117,500 zone, marked in yellow, continues to act as the key ceiling. It has rejected multiple rallies since August and remains the level bulls must reclaim to unlock higher momentum.

BTC facing resistance | Source: BTCUSDT chart on TradingView

Moving averages offer further context. The 50-period (blue) and 100-period (green) moving averages are converging just below the current price, while the 200-period (red) remains overhead near $115,000. Bitcoin’s failure to close above the red line in previous attempts underlines the significance of this barrier. Until the market clears both the 200 MA and the $117,500 horizontal resistance, upward momentum remains fragile.

On the downside, support sits near $110,000, which cushioned the recent decline and provided the base for this rebound. A breakdown below that level would likely intensify selling pressure and expose BTC to deeper losses.

Featured image from Dall-E, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Binance Coin (BNB) Price Analysis for September 30
NFT Gaming

Binance Coin (BNB) Price Analysis for September 30

by admin


The market is mainly falling today, according to CoinStats.

Top coins by CoinStats

BNB/USD

The rate of Binance Coin (BNB) has declined by 0.52% since yesterday.

Image by TradingView

On the hourly chart, the price of BNB is testing the support of $1,003. If a bounce back does not happen, there is a high probability of seeing a level breakout, followed by a drop to the $990 zone.

Image by TradingView

On the daily time frame, the rate of the native exchange coin has once again bounced off the resistance of $1,034. 

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If the bar closes around current prices, bears may seize the initiative, which may lead to a more profound decrease to the $960-$980 area.

Image by TradingView

From the midterm point of view, the situation is less clear. The price is far from key levels, which means none of the sides is dominating. In this regard, traders should pay attention to the interim zone of $1,000. If bulls lose it, the correction may lead to the test of the $900-$920 range.

BNB is trading at $1,004 at press time.



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8,000% in Week: Binance Founder Ends Speculations on His Affiliation With 'Next BNB'
Crypto Trends

8,000% in Week: Binance Founder Ends Speculations on His Affiliation With ‘Next BNB’

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Aster’s launch has been one of the most jaw-dropping crypto stories of the year. The decentralized exchange built on BNB Chain has seen daily trading volumes go above $20.8 billion, leaving Hyperliquid behind on $9.7 billion.

Its token, ASTER, shot up by more than 8,000% in just a week since its debut, peaking at $2.30 and pushing its market capitalization past $3.7 billion.

The speed of that move makes it look like Binance founder CZ might have had a hand in it. People are still wondering about the launch, the financing ties through YZi Labs and the sudden appearance of Trust Wallet partnerships. Aster was being called “the next BNB,” and some posts even said Changpeng “CZ” Zhao was part of the core team.

Is Binance and CZ behind Aster?

That rumor died down pretty quickly though as Zhao himself made it clear that he isn’t running Aster, he is just advising its builders. 

But this didn’t really change things much. As long as Binance was involved in some way, even if it was a small part, that was enough to keep the project in the eye of the public.

It’s not all about Binance ties as Aster’s got market participants hooked with a fresh product feature — hidden orders that let traders make bids and offers without showing them on-chain.

That feature, along with the fee discounts and how well it works with BNB’s ecosystem, gave it the kind of reputation that most new DEXes miss out on.

Skeptics say the exchange is washing its volume because it’s got a few big wallets holding a lot of the supply. But supporters say that the fact that BNB Chain is backing it, CZ is on the advisory board and it’s getting a lot of traction shows why people already think of Aster as the next big thing.





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Binance founder CZ clarifies Aster link: 'Just an advisor'
GameFi Guides

Binance founder CZ clarifies Aster link: ‘Just an advisor’

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Binance founder Changpeng Zhao has clarified his role with perpetual DEX Aster after community speculation about his involvement with the project.

Summary

  • CZ denies being on Aster’s team, says he’s only an advisor with a small stake
  • Aster competes with Binance but still benefits BNB, says CZ
  • ASTER token surged 7,000% since launch, driving speculation on CZ’s role

Zhao, aka CZ, confirmed that several former Binance employees are part of the Aster (ASTER) team and that his venture capital firm YZi Labs holds a minority stake in the platform.

The clarification came after an X user claimed CZ said during Spaces that he was “part of the Aster team,” prompting the Binance founder to respond directly.

“Not on the team, just an advisor,” Zhao said. While Aster competes with Binance, it ultimately benefits BNB, he added.

Confusion about Zhao’s involvement with Aster

The confusion about Zhao’s role emerged after market speculation surrounding his involvement with Aster.

One X user posted about holding 300,000 ASTER tokens, claiming CZ confirmed his team participation during X Spaces and setting price targets at $40 based on this perceived endorsement.

Zhao’s quick correction aimed to clarify the nature of his involvement amid growing market interest in the perpetual trading platform.

The ASTER token has experienced significant price movements since launch, surging over 7,000% from its initial price and reaching an all-time high of $2.41 on September 24. This growth has attracted both retail and institutional attention to the decentralized perpetuals space.

Aster competes with Binance, but helps BNB

Zhao’s comment that Aster “competes with Binance, but helps BNB” shows a nuanced view of ecosystem competition.

This perspective suggests that successful competitors can drive adoption that benefits the overall crypto ecosystem, including Binance’s native token.

Zhao’s public endorsement has amplified Aster’s visibility, with his initial congratulatory post following the token launch helping cause massive market interest.

However, he has consistently denied allegations of market manipulation to favor Aster over competitors like Hyperliquid.

The clarification comes as the perpetual DEX space experiences quick growth and competition.



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ASTER
Crypto Trends

Is ASTER The Next Big Thing? Exploring The Crypto’s 2,000% Surge And Binance Ties

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Aster (ASTER), a newly launched multi-chain decentralized exchange (DEX), is making headlines in the cryptocurrency market, having achieved a major 2,182% increase since its debut, and boasting a market capitalization of approximately $3.7 billion, according to CoinGecko data.

Inside Aster’s Ecosystem

What has significantly contributed to ASTER’s rise is the platform’s approach to bridging decentralized finance (DeFi) with traditional trading practices. The platform offers a non-custodial trading experience, allowing users to engage in both perpetual and spot trading while earning yield on their collateral. 

This dual capability positions it as a unique decentralized exchange (DEX), particularly given its offering of 24/7 stock perpetuals that include major equities, while operating across several networks, including the BNB Chain, Ethereum (ETH), Solana (SOL), and Arbitrum (ARB). 

The ASTER token, which governs the platform, incentivizes participation, and distributes trading fees, include mechanisms like Rh Points, which are earned through trading volume and determine airdrop allocations, and Au Points, generated by holding yield-bearing assets. 

Binance Co-Founders Behind It

Aster’s development is closely linked to YZi Labs, the rebranded venture arm of Binance Labs. The backing of Binance co-founders Changpeng Zhao (CZ) and Yi He, has significantly propelled the token’s adoption.

A pivotal moment in the cryptocurrency’s trajectory occurred when CZ publicly endorsed the project on social media, commending its progress and encouraging continued development. 

The community’s enthusiasm was further amplified by the significant investment from popular YouTuber MrBeast (Jimmy Donaldson), who reportedly purchased $114,000 worth of the cryptocurrency, driving the price to new heights. 

The token’s credibility received an additional boost when Bybit became the first centralized exchange to list it, signaling institutional confidence and enhancing liquidity for traders.

Looking ahead, the new platform has ambitious plans to launch “Aster Chain,” a Layer 1 blockchain tailored for high-performance, privacy-focused derivatives trading. This upcoming development will incorporate zero-knowledge proof technology, ensuring anonymized trades.

The 1-hour chart shows the token’s continuous surge. Source: ASTERUSDT on TradingView.com

At the time of writing, ASTER is trading at $2.27, which is just 5% below its record high of $2.41 reached earlier on Wednesday. 

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin
NFT Gaming

Bitcoin Whale Deposits To Binance In Record Volumes – Is Another Major Sell-Off Brewing?

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This week in the cryptocurrency sector began on a significant bearish note, and Bitcoin, the leading digital asset, has declined strongly toward the $112,000 price level. With the crypto king experiencing a persistent decrease in price, key BTC investors are seen shifting their coins into crypto exchanges at a rapid rate.

Whales Moving Bitcoin Into Binance

Bitcoin’s recent downward trend in the last few days appears to have impacted the sentiment of major investors on crypto exchanges. In a recent post on X, CryptoQuant, a leading on-chain and data analytics firm, has outlined a growing shift among investors on Binance, the largest crypto exchange.

Presently, Bitcoin is witnessing a fresh wave of investor activity as massive whale inflows of BTC are being funneled into Binance. Such a trend frequently occurs before periods of increased volatility, as whales seek to either profit from the current state of the market or prepare for impending market drivers.

With large holders possibly getting ready for big trading or positioning moves, this rise in high-volume transactions indicates renewed market intensity. While BTC is seeing robust downward movement, Maartuun highlighted that whale activity on Exchanges typically corresponds with these fluctuations.

BTC large investors’ inflows to Binance | Source: Chart from CryptoQuant on X

According to the market expert, whales continue to have a huge impact on the market and usually utilize the Binance exchange as their main trading platform. This implies that the development could reshape BTC’s current price dynamics and trajectory in the short term.

In the meantime, the expert has underscored the importance of monitoring the Whale to Binance Flow ratio. Data shows that inflows from large holders to Binance reached about $120 million during the sell-off on September 22. After these massive deposits, an additional $52 million was observed flowing into the platform in the early hours of September 23. 

Maartuum noted that these transfers suggest that whales are constantly moving a substantial portion of their coins into Binance, with the aim of executing on the market. Combining the transfers between September 22 and 23, it marks the second-largest inflow to Binance in the past month, around the current high of $116,000.

BTC Future Open Interest Moves Downward

Given Bitcoin’s decline in price, several key metrics are beginning to exhibit bearish action. One of the metrics highlighted by Glassnode that is showing a negative trend is the BTC Futures Open Interest Perpetual.

In its post on X, the leading data analytics platform reported that the metric experienced a drop from $44.8 billion to $42.8 billion, as BTC’s price pulled back to $113,000. According to Glassnode, the flush in leverage reflects reduced exposure to market speculation. Furthermore, it is frequently a healthy reset that can reduce the likelihood of forced liquidations and stabilize derivatives markets.

BTC trading at $112,502 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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NFT Gaming

Franklin Templeton Taps BNB Chain for BENJI Expansion After Binance Team-Up

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In brief

  • Franklin Templeton’s tokenization platform is being integrated with BNB Chain
  • Franklin Templeton is also working with Binance on separate crypto products.
  • BNB hit an all-time high of $1,079 on Sunday

Franklin Templeton’s tokenization platform is expanding to BNB Chain, bringing one of the world’s largest asset managers to the Binance-created blockchain.

The asset manager, which has $1.6 trillion in assets under management, said the move would allow Franklin Templeton to use BNB Chain’s “low-cost, compliance ready” infrastructure, while expanding the availability of its products, according to a press release.

The Benji Technology Platform is used to administer shares in Franklin Templeton’s OnChain U.S. Government Money Fund. The product debuted on layer-1 network Stellar in 2021 and has grown to $732 million since then, according to crypto data provider RWA.xyz.



The money market fund, which is backed primarily by government securities, cash, and repurchase agreements, has 938 holders across eight different blockchains, including Ethereum, Solana, Avalanche, and layer-2 network Base.

“Our goal is to meet more investors where they’re active,” Roger Bayston, head of digital assets at Franklin Templeton, said in a statement. “Together, Franklin Templeton and BNB Chain will work to deliver tokenized assets with greater utility.”

Franklin Templeton and Binance said in a joint statement earlier this week that the two are working on separate digital asset products that are “tailored to a broad range of investors.” More details are expected later this year.

BNB Chain debuted as an alternative to Ethereum in 2020 under the name Binance Smart Chain. It serves as a layer-1 network and dovetails with opBNB, a layer-2 network, and BNB Greenfield, a blockchain used for data storage.

BNB Chain was home to $12.5 billion worth of stablecoins on Thursday, while registering 2.27 million active addresses over the past day, according to crypto data provider DefiLlama.

BNB changed hands around $1,015 on Wednesday, according to crypto data provider CoinGecko. The asset’s price has increased 58% over the past year, while hitting a fresh all-time high $1,079 on Sunday, as the fifth largest cryptocurrency by market capitalization.

The network is receiving renewed attention as Aster, a decentralized exchange, challenges Hyperliquid in terms of 24-hour perpetual trading volume. Binance co-founder Changpeng Zhao has praised its recent performance as a “good start.”

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