Binance Temporarily Suspends Polygon (MATIC) Deposits and Withdrawals for Bhilai Hard Fork
Binance has announced a temporary suspension of deposits and withdrawals for Polygon (MATIC) tokens on July 1, 2025, to support the blockchain's upcoming Bhilai Hard Fork. The suspension will begin at 16:10 ET, aligning with the upgrade at block height 73,440,256. Notably, trading activities will remain unaffected during this period. Binance has assured users that all technical aspects of the upgrade will be handled internally, requiring no action from them. The Bhilai Hard Fork focuses on enhancing Polygon's core infrastructure, particularly the Bor node implementation. This move underscores Binance's commitment to facilitating seamless network upgrades while minimizing disruption for its users. The temporary suspension is a standard procedure to ensure the security and integrity of the network during significant updates. Polygon's continuous development highlights the growing maturity of layer-2 scaling solutions in the cryptocurrency ecosystem. Investors and users can expect improved performance and stability post-upgrade, reinforcing Polygon's position as a leading platform for decentralized applications.
Binance Supports Polygon Network Upgrade with Temporary Service Suspension
Binance will temporarily halt deposits and withdrawals for Polygon (MATIC) tokens on July 1 to accommodate the blockchain's Bhilai Hard Fork. The suspension begins at 16:10 ET, coinciding with the upgrade at block height 73,440,256. Trading remains unaffected.
The exchange assured users it will manage all technical aspects, requiring no action from them. Polygon's Core infrastructure update focuses on Bor node improvements to enhance transaction processing and security.
World Liberty Financial's USD1 Stablecoin Surpasses $1.25B Daily Volume
World Liberty Financial's USD1 stablecoin has achieved a significant milestone, with daily trading volumes exceeding $1.25 billion within three months of its launch. The token, operating primarily on Binance Smart Chain (BSC) and Ethereum, has rapidly gained traction, ranking just below USDT and USDC in daily volume.
Recent data from CoinMarketCap shows USD1's daily volume peaked at $1.36 billion over the weekend. DeFiLlama reports 97.8% of its activity occurs on BSC, with the remaining 2.18% on Ethereum. The stablecoin's market capitalization now stands at $2.28 billion, signaling robust demand.
The rapid adoption of USD1 underscores growing institutional interest in stablecoins as liquidity tools. World Liberty Financial may increase minting to meet accelerating demand, particularly if current growth trajectories persist.
BNB Price Nears Breakout as Network Activity Surges
Binance Coin (BNB) rallied to $655, marking an 8.65% rebound from June lows as on-chain metrics signal accelerating adoption. The BNB Chain processed 425 million transactions in June—a 160% monthly surge—trailing only Avalanche in growth.
Network activity eclipsed ethereum with 24.9 million active addresses, while decentralized exchange volume hit a record $166 billion. Stablecoin metrics strengthened with a 13% increase in holding addresses and $340 billion in adjusted transaction volume.
The Maxwell upgrade's deployment aims to reduce block times to 75 seconds, completing the third major infrastructure enhancement this year. Market technicians note a bullish technical pattern forming as adoption fundamentals improve.
Ten New Wallets Added to WalletConnect Certified Program
WalletConnect Certified has expanded its roster with ten new wallets, including CTRL, Bifrost, Fireblocks, xPortal, Best, Arculus Wallet, Rakuten, BitPay, Blockchain.com, and Bitcoin.com. These additions join industry leaders like Binance Web3 Wallet, MetaMask, and Ledger in meeting the program's stringent standards for security, usability, and technical performance.
The certification serves as a community-endorsed benchmark for self-custodial solutions, helping users navigate the crowded wallet landscape. Pedro Gomes, founder of the WalletConnect Foundation, emphasized the program's role in establishing shared expectations for quality. Eligibility requires wallets to rank among the top 50 providers by usage or reach, with integrations across major blockchain platforms.
Bhutan Prepares Potential $15M Bitcoin Sale as Holdings Approach $1.3B
The Royal Government of Bhutan moved 137.245 BTC (worth $14.77 million) to Binance on June 30, according to Arkham Intelligence blockchain data. This transfer coincides with Bhutan's total Bitcoin holdings reaching 11,924 BTC—valued at $1.28 billion at current prices near $107,000 per coin.
The Himalayan kingdom has emerged as a notable crypto participant, with its BTC reserves representing a substantial portion of its economy. The holdings were accumulated primarily through state-backed mining operations under Druk Holdings, in collaboration with Bitdeer Technologies. The latter plans to expand local mining capacity to 600 megawatts by 2025.
The Binance deposit has sparked speculation about possible selling activity, though Bhutanese officials remain silent on the transaction's purpose. Market observers note that large holders like Bhutan—sitting on significant unrealized gains—may counterbalance institutional buying pressure by periodically liquidating portions of their stakes.
FUNToken Leverages Deflationary Strategy with Major Token Burn
FUNToken has intensified its deflationary approach through a strategic 25 million $FUN token burn, executed on June 24, 2025. The move, verified on-chain, eliminated approximately 0.23% of the circulating supply, reinforcing the token’s scarcity-driven model. This burn aligns with the platform’s quarterly strategy to allocate 50% of revenue toward buy-back and burn initiatives.
The market responded swiftly, with $FUN surging 41% within 24 hours, peaking at $0.00641. The rally was further fueled by news of a CertiK audit and updates to its Telegram AI bot. Since then, the token has consolidated between $0.0094 and $0.0129, reflecting heightened investor interest and wallet activity. As of June 27, 2025, $FUN trades at $0.01013, with a circulating supply of 10.82 billion tokens.
