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Binance, the world's largest cryptocurrency exchange, started the day with the altcoin announcement.
At this point, Binance announced that they will support network upgrades and hard forks of altcoins named Sei ($SEI), $IOTA ($IOTA) and Arweave (AR), and made the following statements in its announcement:
“Sei ($SEI) network upgrade will take place approximately 03.10.2023 15:00 UTC. Deposits and withdrawals of tokens to the above-mentioned network will be suspended starting approximately 03.10.2023 14:00 UTC.
The $IOTA ($IOTA) network upgrade will occur approximately at 06:00 UTC on 04.10.2023. After that, the total supply will be changed to 4.6 billion $IOTA tokens.
Deposits and withdrawals of tokens to the above-mentioned network will be suspended starting approximately 04.10.2023 05:00 UTC.
The Arweave (AR) network upgrade will occur approximately at 05.10.2023 07:00 UTC. Deposits and withdrawals of tokens to the above-mentioned network will be suspended starting approximately 05.10.2023 06:00 UTC.
Trading of token(s) on the networks mentioned above will not be affected.
Binance will meet all technical requirements for all users.
Deposits and withdrawals for token(s) on the above-mentioned networks will be reopened once the upgraded networks are deemed stable. “No further announcements will be made.”
After Binance's announcement, there was an upward movement in $SEI and AR prices, while there was no significant movement in $IOTA price.
*This is not investment advice.