PANews reported on April 30 that according to the official announcement, Binance is expected to suspend the token recharge and withdrawal services of the IOTA (IOTA) network at 14:00 (Eastern Time) on May 5, 2025 to support its network upgrade and hard fork. The project party is expected to perform a network upgrade and hard fork at 15:00 (Eastern Time) on May 5, 2025.