Binance has announced two separate changes affecting users of Ethereum-based transfers and several smaller altcoins on its platform. The exchange said deposits and withdrawals on the Ethereum network will be temporarily suspended on August 27 to support wallet maintenance, while trading for tokens on that network will continue normally.
In a separate update issued less than a week earlier, Binance said it will remove ICON (ICX), Secret (SCRT), and Storj (STORJ) from spot trading on September 3. Since that notice, the three tokens have come under pressure, with SCRT alone falling another 25% over the past 24 hours, according to the source article.
Ethereum network transfers to stop for about an hour
According to Binance, the pause in Ethereum-network deposits and withdrawals is expected to last around one hour. The exchange said the suspension is needed to support wallet maintenance and that it will manage the technical requirements for affected users during the process.
The company also said the interruption applies only to deposits and withdrawals on the Ethereum network. Trading of tokens that run on that network is not expected to be affected while the maintenance is underway.
Routine maintenance follows earlier network pauses
Binance framed the upcoming interruption as a standard operational step rather than an unusual event. The source article noted that the exchange carried out wallet maintenance on the Ethereum blockchain in May and later paused TRX deposits and withdrawals for a similar process.
In those earlier cases, there were no reported complications and services were restored quickly, according to the report. That history suggests the August 27 suspension is intended as a short technical measure rather than a broader service disruption.
Three altcoins set to lose spot trading support
Alongside the maintenance notice, Binance previously disclosed that it would delist three tokens after a review of listed assets on the platform. The exchange said all spot trading pairs for ICX, SCRT, and STORJ will be removed on September 3.
The source article said Binance evaluates listed assets against factors including the project team’s commitment, network stability against attacks, community engagement, trading volume, liquidity, and other considerations. Following its latest review, the exchange decided to end services for the three tokens.
Market reaction has been swift
The delisting announcement has already been followed by steep declines in the affected assets. The article highlighted SCRT’s latest move, saying the token dropped another 25% over the past 24 hours alone.
The report also pointed to a familiar pattern after Binance removals. Because the exchange is the largest in the sector, the loss of support can reduce liquidity and availability while also damaging a token’s standing in the market, often leading to sharp price falls.
Recent delistings offer context for what comes next
The article compared the latest removals with other recent Binance delistings. At the start of August, the exchange said it would delist Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC), with PIVX and PYR each falling by roughly 20% in a single day.
It also cited June examples, when Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND) posted double-digit declines after being delisted. The next confirmed dates in the current case are August 27 for the temporary Ethereum transfer pause and September 3 for the removal of ICX, SCRT, and STORJ spot trading pairs.
Source: cryptopotato.com