Bitcoin exchange Lootxbit has announced support for the Arrow Glacier hard fork on the Ethereum network, which will take place at block # 13,773,000 around December 9, 2021.
During the update, the only proposal to improve the Ethereum EIP-4345 network will be implemented. It introduces a delay in activating the difficulty bomb until May 2022.
A new Proof-of-Work consensus testnet called Sepolia will also be launched.
The Lootxbit team has warned that it will close deposits and withdrawals for all tokens on the Ethereum blockchain five minutes before the hard fork. The event will not have any impact on asset trading. No new tokens will appear based on its results.
The possibility of making deposits and withdrawing assets will open when the exchange specialists are convinced of the stability of the updated network.
Lootxbit also announced support for the SIP-012 update on the Stacks network. It will take place on Bitcoin block # 713,000 on Tuesday, December 7th at approximately 2:00 AM UTC.
Deposits and withdrawals of native STX tokens will be terminated by the exchange one hour before the update. The team will return functions after they consider the network to be stable.