Binance to Pause CTK Deposits & Withdrawals for Shentu Hard Fork
Binance will temporarily suspend deposits and withdrawals for Shentu (CTK) to support a scheduled Shentu network upgrade and hard fork. The exchange announced a pause beginning 12:00 UTC on 25 February 2025; spot trading for CTK will remain available on Binance while on-chain transfers to and from external wallets are disabled. Binance described the suspension as a standard safety measure and said deposits/withdrawals will resume only after the network is deemed stable following the upgrade. The earlier report referenced a different outage window (20:00 UTC on 24 October 2025 tied to block height 26,267,300), indicating timing details may differ across updates — traders should follow Binance’s official channels for the authoritative schedule. No user action is required beyond completing any needed external transfers before the suspension starts. Expect potential short-term price volatility around the upgrade; similar past upgrades typically last 12–48 hours. Key SEO keywords: Binance, CTK, Shentu, hard fork, deposit suspension, withdrawal suspension, network upgrade.
Neutral
The suspension of deposits and withdrawals is a routine exchange response to a planned network upgrade and generally does not alter fundamental project prospects. Short-term volatility for CTK is likely because on-chain access is blocked and traders may reposition around the event; this can cause temporary price swings or liquidity shifts. However, since spot trading remains open on Binance and the upgrade is framed as performance and security improvements, there is no clear directional catalyst for sustained price gains or losses. Historical hard forks/upgrades typically produce brief volatility followed by a return to trend once normal flows resume, hence a neutral classification for price impact.