- Bithumb is pausing deposits and withdrawals to support the launch of the Hayabusa upgrade.
- Hayabusa replaces Proof-of-Authority with Delegated Proof-of-Stake and a new validator model.
VeChain hat the Support from Bithumb for its Hayabusa upgrade securedscheduled to launch on December 2nd. The South Korean exchange will temporarily suspend VET and VTHO deposits and withdrawals to ensure a safe transition.
The Hayabusa upgrade is an important step in the VeChain Renaissance Roadmap. This is a transition from the Proof-of-Authority model to a Delegated Proof-of-Stake (DPoS) model. A validator-delegator system with staking NFTs will be introduced. Under this structure, 101 validators will generate blocks. The validators receive 30% of the rewards while 70% goes to the delegators.
The VeChain team notes:
“The countdown to the VeChain Hayabusa upgrade has begun. We thank you for the official support of BithumbOfficial, one of the leading exchanges in Korea. Prepare together for a more powerful ecosystem, an advanced token economy and an upgrade that opens a new era.”
The countdown to VeChain Hayabusa upgrade has begun. One of the leading exchanges in Korea @BithumbOfficial Thank you for your official support. Prepare for a stronger ecosystem, advanced token economy, and upgrades that open a new era.Read More
https://t.co/FWzzUlz0fO
— VeChain (@vechainofficial) November 26, 2025
Top exchanges support Hayabusa
Bithumb’s support follows previous confirmations of technical readiness from Binance, Coinbase, Crypto.com, KuCoin and Revolut. The exchange noted that network conditions and block speed may affect the exact timeline for the upgrade.
VeChain explained that the upgrade will improve the utility, scalability and performance of the entire network. Users who own 25 million VET will be eligible to join the validator queue. The network aims to maintain stability while encouraging business and user participation.
Recent price movements and trading volume show a positive market reaction to the upcoming changes. VET will come with 0,0137 $traded what a Increase of 3.5% in the last 24 hours corresponds . The 24-hour trading volume is up $31.9 million increased was indicates greater market activity. Traders and institutions appear to have increasing confidence in VeChain’s long-term direction.
VeChain also recently partnered with Rekord to develop RWA infrastructure and support EU digital product passport regulations. This move could simplify the deployment of the network in Germany and across the EU while ensuring compliance with future regulations and increasing VeChain’s reach among institutions in global markets.
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