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Binance to deactivate some deposit addresses for wallet upgrade

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Binance cryptocurrency exchange is preparing for another upgrade of its wallet infrastructure, warning users about the upcoming address migration.

On July 6, Binance officially announced that it would retire selected deposit addresses in batches as part of a network address migration scheduled for Q3 2023.

Binance’s latest wallet upgrade will affect a total of 40 cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), XRP (XRP), Solana (SOL), Monero (XMR), Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Polkadot (DOT) and others.

In addition to wallet addresses, Binance will also deactivate memos. Also known as a destination tag, a wallet memo is an additional address feature necessary to identify a transaction recipient beyond a wallet address. Most centralized exchanges like Binance use one wallet address for all traders, so the memo determines the individual account.

According to the announcement, Binance will send notifications to impacted users. The firm strongly encouraged all impacted account holders to get a new address and memo upon receiving the notification.

Binance emphasized that users should continue using their current deposit addresses if they have not received an official notification from Binance, stating:

“Only impacted users who receive notifications from Binance are required to obtain a new deposit address and memo — if applicable — before the expiry date. […] Old deposit addresses will expire upon obtaining a new address.”

At the same time, funds deposited into an expired address will not be lost, the announcement notes. But unlike regular deposits, the deposits made into expired addresses would not be automatically credited, requiring users to manually credit them via the transaction history page.

Related: Poly Network urges users to withdraw after exploit affects 57 crypto assets

Binance’s wallet upgrades aren’t something new. Binance regularly upgrades its wallet infrastructure to provide “better efficiency and fund security for users.”

The exchange previously proceeded with such an upgrade in April 2023, disabling old deposit addresses for Ether (ETH), several Ethereum Virtual Machine-compatible coins, BNB (BNB) and others.

Binance didn’t immediately respond to Cointelegraph’s request to comment. This article will be updated pending new information.

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Cryptocurrency

30K BTC Leaves Exchanges: How Will Bitcoin’s Price React?

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Bitcoin (BTC) is flashing a critical supply signal as investors withdrew at least 30,000 BTC from crypto exchanges in a week.

With corporations like Strategy aggressively accumulating the number one cryptocurrency, market watchers warn of a liquidity crunch that could ignite volatility.

Bitcoin Outflows Point to Reduced Selling Pressure

Recent on-chain data from Santiment, shared by analyst Ali Martinez on X, shows that over 30,000 BTC, valued at $2.5 billion, had been withdrawn from exchanges since March 24. Martinez also noted a parallel $106 million worth of Bitcoin had been transferred to private wallets in the last few hours.

When traders remove their BTC from exchanges into private wallets, it is often for long-term holding. This reduces the available supply in the market, potentially driving up prices if demand remains strong.

The trend aligns with a corporate buying spree that has intensified the supply squeeze. Strategy (formerly MicroStrategy) added 6,911 BTC valued at $584 million to its holdings last week, bringing its total ownership of the asset to a staggering 506,137 BTC.

Japan’s Metaplanet and California-based KULR Technology also contributed to the scarcity of available BTC, buying $12.6 million and $5.3 million worth of the cryptocurrency, respectively. Even meme stock darling GameStop entered the fray, approving a plan that will see it spend $1.3 billion on the digital asset.

Consolidation Before the Next Move

Meanwhile, trader @TedPillows recently pointed out that BTC might be in a Wyckoff re-accumulation phase. This is when large institutional investors or the so-called “smart money” acquire crypto at lower prices, as it occurs right after a downtrend.

According to Ted’s analysis, Bitcoin’s drop below $85,000 is a form of “manipulation” designed to shake out weaker hands. He predicts that if the OG cryptocurrency recovers to surpass $92,000, bearish traders could face significant losses.

Changing hands at under $82,000 at the time of this writing, BTC’s price action suggests short-term weakness but long-term strength. It is down about 1.2% in the last 24 hours and 6.1% over the past seven days, a shade below the broader crypto market’s 7.60% drop in the same period. However, zooming out to the last 12 months reveals more encouraging data, with Bitcoin maintaining a 16.5% gain in that time.

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Oh Whale Launches Purpose-Driven Presale with Ocean Conservation at Its Core

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[PRESS RELEASE – London, United Kingdom, March 31st, 2025]

As market uncertainty looms and investors navigate the recent turbulence caused by macroeconomic shifts like U.S. tariff developments, Oh Whale enters the crypto space with a mission-focused approach. A truly mission-driven project, Oh Whale is inviting early supporters to join its live Stage 1 presale, the only phase where $OHW tokens are offered at the lowest possible price. And with a powerful mix of transparency, utility, and social impact, Oh Whale aims to build a purpose-driven ecosystem beyond typical token launches.

Beyond a Token – A Mission to Protect the Oceans

Oh Whale is built around the Ocean Conservation Pool (OCP), a unique feature encoded into the token’s core. With every stage of the presale, up to 15% of raised funds will be allocated to ocean preservation efforts, and the community itself will vote on which NGOs receive support. Once launched, $OHW will also include a small 0.5% tax (the same size as Loki, for example) on every transaction, ensuring continuous funding for marine conservation. This model enables investors to contribute to a meaningful cause with every token movement without hurting the token price.

Trust First: Doxxed, Audited, and Transparent

Oh Whale is proud to be fully doxxed and KYC-verified by SolidProof, standing apart from countless anonymous teams in the space. Its smart contracts have been audited, ensuring safety and peace of mind for all participants. Transparency remains a core principle of the project, with all members being visible, accountable, and actively engaging with the community.

Incentives Available During Stage 1

  • Investor Bonuses – Every contribution over $1,000 during Stage 1 includes a free, utility-packed NFT.
  • Ocean Legends Loyalty Program – Points earned through referrals, community engagement, and social activity can unlock future perks, exclusive merchandise, and staking multipliers.
  • Limited-Time 10% Self-Buy Bonus – Early participants in Ocean Legends may receive up to 10% in additional tokens on qualifying contributions during Stage 1.
  • Flat Staking Model – Rewards begin from launch, with no lockups. The structure is designed to support steady token flow and promote long-term ecosystem growth.

Beyond the numbers, early participation positions investors at the forefront of a project that values community, transparency, and giving back. The Ocean Legends program also introduces gamified features, including badge systems and rank-based rewards that create a rewarding experience.

Built to Grow: Ecosystem, NFTs, and P2E Adventure Coming

Oh Whale’s roadmap is packed with milestones that reflect its commitment to real, steady growth:

  • Gradually Released Tokenomics Ensuring Sustainable Expansion
  • Centralized Exchange Listings
  • Exclusive Partnerships with Ocean Conservation Organizations
  • Full NFT Collection with In-Ecosystem Utility
  • Play-to-Earn Game Featuring NFT Integration
  • DAO Governance for Long-Term Community Involvement
  • Exclusive Partnerships with Ocean Conservation Organizations

This is not just a placeholder roadmap—it reflects a structured, phased approach to development, designed to support organic and sustainable growth.

$20,000 Stage 1 Giveaway

To boost early adoption, Oh Whale is hosting a $20,000 contest on their X for all Stage 1 contributors. This is more than a typical raffle, it’s an opportunity for early backers to amplify their holdings while playing a part in protecting the oceans.

Riding Out the Red Market with Purpose

While much of the crypto world is waiting out the storm, Oh Whale is building on-chain, out loud, and with real impact. This project isn’t about short-term hype—it’s a transparent, long-term initiative driven by real contributors and real-world outcomes.

At a time when skepticism is warranted and presale risks are high, Oh Whale offers a differentiated approach rooted in accountability and aligned values. For those seeking to support a mission-focused project with community engagement and lasting goals, this moment presents a meaningful opportunity.

About Oh Whale

Oh Whale is a blockchain-based project dedicated to ocean and whale conservation. built on ethereum, it supports marine protection through the ocean conservation pool (OCP), which funds non-profits chosen by the community. the project emphasizes decentralized decision-making and features a unique nft collection.

Website: ohwhale.io

Whitepaper: whitepaper.ohwhale.io

Twitter: x.com/The_Oh_Whale

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Cryptocurrency

Strategy Resumes Multi-Billion Dollar Bitcoin Purchases by Acquiring Over 22K BTC

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The NASDAQ-listed largest corporate holder of bitcoin seems unfazed by the asset’s lackluster price performance lately, as it continues to scoop up more.

In its latest announcement, company co-founder Michael Saylor said the firm spent almost $2 billion to acquire 22,048 BTC.

After the conclusion of the US elections, when it became clear that there would be a big regulatory change in the country, MicroStrategy (as it was called at the time before it rebranded to Strategy in 2025) went on an accumulation spree, spending billions of dollars to increase its BTC stash.

Its progress stalled in the past few months, as its purchases declined in terms of USD value, including a modest one of just over $10 million from a couple of weeks ago.

However, last week’s acquisition was a bigger one (nearly $600 million at then-prices), while Saylor’s announcement from today put the company’s acquisitions into the billions once again.

The 22,048 BTC acquired for $1.92 billion means that the average price was at just shy of $87,000 per bitcoin. Strategy’s total stash has grown to 528,185 BTC, currently valued at roughly $43.3 billion, given bitcoin’s price slide to $82,000 as of press time.

Still, this puts Strategy at an unrealized profit worth almost $8 billion, given that the firm has spent $35.63 billion to accumulate its BTC fortune.

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