Binance Will Support BNB Smart Chain (BEP20) Network Upgrade and Hard Fork
Per an official announcement on December 11, Binance will support the network upgrade and hard fork of BNB Smart Chain (BEP20).
To prepare for the upgrade, Binance will perform maintenance on its BEP20 wallet at 14:00 GMT+8 on December 16, 2025. In line with this maintenance, BEP20 deposits and withdrawals will be suspended 5 minutes early, at 13:55 GMT+8. The maintenance is expected to last 1 hour, after which services will resume automatically.
The BEP20 network upgrade and hard fork is set for 10:30 GMT+8 on January 14, 2026. Binance plans to suspend BEP20 token deposits and withdrawals 5 minutes before the fork, at 10:25 GMT+8.
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Australian Regulatory Authority Relaxes Regulations on Stablecoins and Wrapped Tokens
On December 11, Cointelegraph reported that Australia’s securities regulator has finalized a set of exemptions to simplify distribution of stablecoins and wrapped tokens for businesses. The Australian Securities and Investments Commission (ASIC) unveiled the new measures on Tuesday, targeted at spurring innovation and growth in the digital asset and payments space.
ASIC said it’s issuing “class order exemptions” to intermediaries involved in certain secondary distribution activities for stablecoins and wrapped tokens. This means businesses won’t need a separate (and often expensive) license to act as intermediaries in these markets, and they can now use “aggregated trust accounts” with proper record-keeping.
The new exemptions build on prior broad relief for stablecoins, eliminating the need for intermediaries to hold a separate Australian Financial Services (AFS) license when offering services tied to stablecoins or wrapped tokens.
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Current mainstream CEX, DEX Funding Rate Display Market Still Maintains Overall Bearish Sentiment
On December 11th, data from Coinglass shows that funding rates across major centralized (CEX) and decentralized (DEX) exchanges point to an overall bearish market sentiment for mainstream cryptocurrencies. Specific funding rates for these coins are detailed in the attached chart.
BlockBeats Note: A funding rate is a mechanism set by crypto exchanges to align perpetual contract prices with the underlying asset’s spot price. It enables fund transfers between long and short traders—exchanges do not collect this fee themselves. The rate adjusts the cost or profit for traders holding contracts to keep contract prices close to the underlying asset’s value.
Key context: A 0.01% funding rate acts as the baseline. Rates above 0.01% signal broad bullish sentiment, while rates below 0.005% indicate widespread bearishness.
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Bloomberg: Crypto Elite Abandons NFTs, Turns to Bidding for 69 Million-Year-Old Dinosaur Fossil
On December 11, Bloomberg reported that deep inside Singapore’s so-called “Asian Fort Knox”—a vault housing top-tier wines and priceless artworks—rests a complete 69-million-year-old Triceratops skeleton, one of just 24 known worldwide. Among its collector-owners is Yoann Turpin, co-founder of crypto market maker Wintermute.
The trading executive and his co-investors paid roughly $5 million for the 5-meter-long fossil earlier this year, shipping it from Wyoming to Singapore’s Le Freeport. All four owners invest in cryptocurrency, including Chaw Wei Yang, who runs collectibles-focused platform Co-Museum.
This purchase underscores a taste shift among crypto elites. After the 2022 NFT boom, their interest in digital art has faded—now, crypto executives are increasingly turning to collectibles, precious metals, and sculptures.
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