Ethereum Price Decline in 2025
Ethereum's price has been on a downward trend in 2025, dropping from a high of $4,100 in December 2024 to around $1,844 by May 2025. Factors contributing to this decline include macroeconomic uncertainties, reduced network activity, and increased competition from other blockchains like Solana and Tron. Additionally, the Ethereum network has experienced a 33% drop in active wallets and a 40% decrease in transactions in March 2025, leading to lower demand for ETH
🔄 Binance Introduces Wrapped Tokens on Ethereum
Binance has launched BTokens, wrapped tokens that allow users to transfer assets from other blockchains to Ethereum. For instance, BTC can be converted into BBTC, DOT into BDOT, and FIL into BFIL. These wrapped tokens are pegged 1:1 to their native assets and are supported by Binance's SAFU fund, ensuring their value when moved across blockchains.
Binance Reduces Ethereum Staking Withdrawal Time
Binance has reduced the processing time for Ethereum (ETH) staking withdrawal requests from 15 days to five days, effective from May 18, 2023. This change follows Ethereum's transition to Proof-of-Stake (PoS) with the Shapella upgrade, enabling staked ETH withdrawals. Binance also introduced Wrapped Beacon ETH (WBETH), a liquid staking token that allows users to participate in DeFi projects outside of Binance.