🔧 Network Upgrade 🔄

Celo (CELO): $BNB will suspend deposits & withdrawals today, July 8, at approximately 14:00 UTC, ahead of the Celo network upgrade and hard fork around 15:00 UTC. Spot trading remains unaffected, and services will be restored once the network stabilizes.

Terra (LUNA): Scheduled deposit and withdrawal suspension starting July 8, around 01:06 UTC +8 (~17:06 UTC Jul 7), supporting the network’s upgrade at block height 16,395,000. Spot trading unaffected; normal operations resume once upgrade completes.

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💼 Collateral Adjustments

Portfolio Margin Rate Changes effective from:

July 8 at 06:00 UTC: VIRTUAL & ONDO move from 10 → 30%; SAHARA/KAITO from 10 → 25%; SYRUP/KAIA from 10 → 20%.

July 11 at 06:00 UTC: THETA 60 → 50%; DYDX 60 → 45%; DUSK/AI 40 → 30%; BAKE/ACE 35 → 25% .

These changes decrease collateralization, affecting margin requirements — unified account users should monitor maintenance margin (uniMMR) closely

📈 Product & API Updates$BNB

MUSDT Perpetual Futures: Launching today, July 7 at 09:30 UTC, with up to 50× leverage on Binance Futures.The underlying asset is MemeCore (M) with USDT settlement.

Spot Trading API Upgrade: Starting July 8 at 07:00 UTC, WebSockets will undergo maintenance for up to 2 hours. Spot trading won’t be disrupted, but API users should expect possible disconnections and update their endpoints accordingly.

📊 Market Overview

Bitcoin is trading between $107.8k–109.7k, currently around $108.9k — up ~0.8% over 24 hours.

The total crypto market cap is hovering near $3.35 trillion, up about 0.5% today.

Top gainers include VIC (+105%), ALPINE (+22%), and CHESS (+16%).

🧠 Why It Matters

Network upgrades maintain chain integrity but pause user funds temporarily.

Collateral rate hikes can significantly impact leveraged and margin traders — prepare accordingly.

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