Binance announce on Monday, September 5th, That it would conduct a wallet suspension for Ethereum on several networks pending the “Merge”. The affected tokens include Ethereum(ETH) and Wrapped Ethereum(WETH) on selected networks, starting September 6th at 2 am (UTC) in anticipation of Ethereum's Merge event.
Binance stated that the affected tokens are ETH on the Arbitum and Optimism networks, and WETH on the Ronin network. The suspension will start on September 6th—Tuesday—and will last until all the networks are deemed stable after the Merge.
The long-awaited Ethereum merge is expected to reduce the Ethereum network's energy consumption by a predicted 99.95%, making it more environmentally friendly.