📢 Binance May 2025 Update: Key Developments & Market Trends
Stay informed with Binance's latest enhancements, market movements, and security updates as of May 9, 2025.
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🔧 Network Upgrades & Maintenance
Ethereum Network Upgrade: On May 7, Binance supported the Ethereum (ETH) network upgrade and hard fork. Deposits and withdrawals for ETH and related tokens were temporarily suspended and resumed post-upgrade.
eCash (XEC) Upgrade: Scheduled for May 15, Binance will support the eCash network upgrade and hard fork. Deposits and withdrawals will be paused starting at 11:00 UTC and will resume once the network is stable.
Tron (TRX) Wallet Maintenance: On May 9, Binance conducted wallet maintenance for the Tron network. Deposits and withdrawals were temporarily suspended and have since resumed.
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🛡️ Security Incident Report
In April 2025, the crypto industry faced 18 major attacks, resulting in losses totaling approximately $357.11 million. Notably, unauthorized Bitcoin transfers accounted for $330.7 million of these losses. Projects like KiloEx, zkSync, and Term Labs managed to recover around $14.4 million collectively.
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📈 Market Trends
Crypto Market Capitalization: As of May 9, the global crypto market cap stands at $3.09 trillion, marking a 3.07% increase over the last day.
Bitcoin Performance: Bitcoin (BTC) has been trading between $99,091 and $104,361 over the past 24 hours, currently priced at $102,524, up by 2.88%.
Altcoin Highlights: Top performers include SXT (+140%), PNUT (+56%), and PEPE (+41%).
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📊 Exchange Market Share
Despite a decline in trading volume, Binance maintained its position as the leading centralized exchange (CEX) in April 2025, holding a 38.0% market share. The total spot trading volume across all CEXs reached $1.3 trillion, down from $1.4 trillion in March.
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📷 Suggested Visuals
To enhance your post, consider including the following images:
1. Ethereum Network Upgrade: A graphic illustrating the Ethereum network upgrade timeline and affected services.
2. Security Incident Overview: An infographic summarizing the April 2025 crypto attacks and recoveries.
3. Market Capitalization Chart: A chart depicting the growth in global crypto market capitalization.
4. Exchange Market Share Pie Chart: A visual representation of the CEX market shares for April 2025.
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