Binance, a leading cryptocurrency exchange, announced the delisting of six altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This led to sharp price drops for each token.
Starting August 26, 2024, at 03:00 UTC, Binance will halt all spot trading for these tokens and cancel any existing orders.
Deposits for these altcoins will not be accepted after August 27, 2024, but withdrawals will be allowed until November 26, 2024. Binance may later convert these tokens into stablecoins, though this is not guaranteed.
Additionally, Binance will automatically convert 15 previously delisted altcoins into the USDC stablecoin based on user holdings as of September 2, 2024, to provide a stable value.
These altcoins include Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monero (XMR), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), and Tribe (TRIBE).
As Bitcoin enters a new on-chain trend phase, two altcoins are standing out for their growing correlation with the leading cryptocurrency and their resilience amid market shakeouts, according to new analysis by Joao Wedson, CEO of analytics firm Alphractal.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.
The U.S. Securities and Exchange Commission (SEC) is reportedly expediting the review process for spot Solana (SOL) exchange-traded funds, pushing issuers to submit amended S-1 filings by the end of July.
Bonk (BONK) has gone up by 9% in the past 24 hours and currently sits at $0.00002330 after Binance.US shared a cryptic X post that mentioned the token. On Sunday afternoon, the exchange shared a picture of its logo hitting its head with a bat – a clear reference to the viral meme that inspired […]