Binance and Bithumb Back IOTA Rebased Upgrade Set for Next Week

By: crypto news flash|2025/05/02 22:15:01
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The IOTA Rebased mainnet upgrade is expected to come off on May 5, with Binance and Bithumb announcing their support. IOTA has cautioned that the current Firefly would not be supported after the upgrade; instead, a new official wallet would be presented. The much-anticipated mainnet upgrade of the IOTA Rebased Protocol is set for Monday, May 5, as earlier disclosed by CNF. Fascinatingly, multiple crypto exchanges have declared their support with the latest coming from Binance and Bithumb.In the announcement reviewed by CNF, Binance highlighted that the upgrade would start at approximately 7:00 UTC. However, deposits and withdrawals of all tokens on the IOTA network would be disabled at 6:00 UTC to ensure the best experience. Once the upgraded network is found stable enough, these disabled features will be reopened.According to Binance, trading of IOTA network tokens would not be affected by its actions, and all technical requirements involving users would be adequately handled by the exchange.Just like Binance, Bithumb has also announced that it would suspend deposits and withdrawals to accurately measure assets for token swaps.What To Do Before the UpgradeAccording to IOTA, no migration of tokens is necessary as users would simply have to load their existing wallets into the new wallets. To access the tokens after the upgrade, users have been asked to have access to their wallet’s private keys and mnemonic phrases. Also, they should ensure that their “Firefly or Bloom stronghold files are safely exported and accessible.”It is also important to note that the current Firefly would not be supported after the Rebased upgrade. In this case, a browser extension would be used as the new official wallet. Ledger wallets would also be supported.Users are also encouraged to use the complementary IOTA Wallet Dashboard app (available shortly before launch), which provides additional visibility and management options for your assets, including detailed views of vesting schedules from the Assembly-to-IOTA token conversion.Meanwhile, the communication team confirmed that the IOTA EVM would be fully operational on the same day after the upgrade. According to them, an IOTA EVM Bridge Web App has been introduced for users who want to facilitate token transfers between Layer 1 and EVM. However, the EVM kits will be available in the next few days.As detailed in our previous news story, the new network would launch with 13 validators. In each day, 10 additional batches of validators would be supported to reach about 50 in 4 to 5 days. The plan is to get 150 validators over the coming months. Immediately after the upgrade, RPC endpoints and APIs will also be available.As discussed recently, some projects have also announced their intention to deploy on the mainnet, with Realize Finance becoming the first mover. Amidst the backdrop of this, IOTA has surged by 0.9% in the last 24 hours and 3.7% in the last seven days, trading at $0.21. According to our recent analysis, the asset could soon breach the $0.28 level.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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