Wu said that Binance announced that the PUMPUSDT perpetual contract will be renamed to the PUMPBTCUSDT perpetual contract. Binance will fully close and automatically settle the U-based PUMPUSDT perpetual contract on June 13, 2025, at 09:00 (UTC). After the settlement is completed, the contract will be removed. Binance will launch the U-based PUMPBTCUSDT perpetual contract on June 13, 2025, at 10:00 (UTC), with a maximum leverage of 50 times. PumpBTC is Babylon's liquid staking solution.