Delisting

Leading cryptocurrency exchange Binance announced on February 6th that it will delist privacy coin Monero (XMR) along with three other tokens, AntShares (ANT), Multi-Collateral Dai (MULTI), and Venus (VAI) on February 20th,2024.
The news immediately sent XMR prices crashing. According to cryptocurrency data site CoinGecko, XMR fell 16.9% following the Binance announcement, dropping to $137.93. The privacy coin has since fallen even further, with the latest price updates showing XMR at $114.20.

Over the last 24 hours, XMR is down 30.44% on trading volume of $205 million. Besides, at the current price, XMR is 77.94% below its all-time high of $517.62, which it reached nearly 3 years ago on May 7, 2021.
Why Did Binance Decide to Delist Monero?
Binance likely made the move to delist XMR over regulatory concerns surrounding the privacy coin. As a privacy-focused cryptocurrency, XMR offers users anonymity by obscuring transaction details. However, this hidden nature of transactions could facilitate illegal activities.
Cryptocurrency exchanges like Binance have come under increasing regulatory pressure to crack down on tokens that enable illegal transactions. Consequently, Binance has opted to delist Monero rather than contend with potential regulatory issues.
The Future of Privacy Coins
The regulatory scrutiny facing Monero exemplifies the uncertain future confronting privacy coins. Governments and regulators favor transparent blockchains to track transactions, combat money laundering, and enforce anti-terrorism financing laws.
Hence, with exchanges unwilling to deal with possible regulatory problems, the long-term viability of privacy coins remains in doubt. Therefore, unless Monero and other anonymous cryptos adequately address regulator concerns, more delistings could occur, further eroding prices.
#Monero #DelistingAlert #delisting

Binance, the world’s largest cryptocurrency exchange, has announced the upcoming delisting of five margin trading pairs. According to the official announcement, Binance Margin will be delisting five trading pairs across the cross-margin and the isolated margin platforms.
The affected trading pairs are HMSTR/FDUSD, SAGA/BTC, ILV/BTC, LTO/BTC and MDT/BTC. Binance Margin will delist these pairs on Feb. 17, 2025, at 6:00 a.m. UTC. The affected cross-margin pairs include HMSTR/FDUSD and SAGA/BTC, while the isolated margin pairs are HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC and SAGA/BTC.
Ahead of the delisting, Binance stated that users would no longer be able to transfer any amount of assets from the aforementioned pair(s) into their isolated margin accounts, either via manual transfers or auto-transfer mode.
Binance usually conducts a regular review process, ensuring that trading pairs meet liquidity and risk management standards. While the exact reasons for the delisting were not disclosed, traders should act and adjust their strategies accordingly before the delisting date.
Binance stated that users may be unable to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from margin accounts to spot accounts before the cessation of margin trading on Feb. 17 at 6:00 a.m. (UTC) to avoid potential losses. Dates to note On Feb. 12, at 6:00 a.m. (UTC), Binance Margin will suspend isolated margin borrowing on the affected isolated margin pairs, which are HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC and SAGA/BTC.
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Binance, the world’s largest cryptocurrency exchange, has announced the upcoming delisting of five margin trading pairs. According to the official announcement, Binance Margin will be delisting five trading pairs across the cross-margin and the isolated margin platforms.
The affected trading pairs are HMSTR/FDUSD, SAGA/BTC, ILV/BTC, LTO/BTC and MDT/BTC. Binance Margin will delist these pairs on Feb. 17, 2025, at 6:00 a.m. UTC.

The affected cross-margin pairs include HMSTR/FDUSD and SAGA/BTC, while the isolated margin pairs are HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC and SAGA/BTC.
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Ahead of the delisting, Binance stated that users would no longer be able to transfer any amount of assets from the aforementioned pair(s) into their isolated margin accounts, either via manual transfers or auto-transfer mode.
Binance usually conducts a regular review process, ensuring that trading pairs meet liquidity and risk management standards. While the exact reasons for the delisting were not disclosed, traders should act and adjust their strategies accordingly before the delisting date.
Binance stated that users may be unable to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from margin accounts to spot accounts before the cessation of margin trading on Feb. 17 at 6:00 a.m. (UTC) to avoid potential losses.

Dates to Note 🚨
On Feb. 12, at 6:00 a.m. (UTC), Binance Margin will suspend isolated margin borrowing on the affected isolated margin pairs, which are HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC and SAGA/BTC.
On Feb. 17 at 6:00 a.m. (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the affected cross and isolated margin pairs. The HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC and SAGA/BTC pairs will then be removed from the Binance Margin platform.
$HMSTR $SAGA $LTO
#DelistingAlert #delisting #MarketSentimentToday #MarketMeltdown #Write2Earn

🚨 BINANCE DELISTING ALERT: ACT NOW! 🚨
📊 Urgent Notice:
🔍 What to Do Next:
To protect your assets, follow these steps:
1. 📊 Withdraw Your Tokens: Withdraw your $AKRO, $BLZ, and $WRX tokens from Binance before December 25, 2024.
2. 📈 Trade or Sell: Trade or sell your tokens on other supported exchanges or platforms before the delisting date.
3. 📊 Consider Alternative Exchanges: Research and consider transferring your tokens to alternative exchanges that support these tokens.

4. 🚫 Avoid Last-Minute Rush: Avoid waiting until the last minute to withdraw or trade your tokens, as this may lead to delays or losses.
Binance has announced the delisting of three tokens, effective December 25, 2024:
1. 📊 $AKRO (Akropolis)
2. 📊 $BLZ (Bluzelle)
3. 📊 $WRX (WazirX)
📊 Additional Tips:
1. 📊 Check for Alternative Listings: Verify if the tokens will be listed on other exchanges after the delisting from Binance.
2. 📈 Monitor Market Developments: Keep an eye on market developments and be prepared for any unexpected price movements.
3. 📊 Secure Your Assets: Ensure your assets are secure by using strong passwords, 2FA, and storing your tokens in a safe wallet.
🔥 Conclusion:
Act now to protect your assets and avoid potential losses. Withdraw, trade, or sell your $AKRO, $BLZ, and WRX tokens before the delisting date. Stay informed and be prepared for any market developments.
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$AKRO
$WRX #Write2Earn #Delisting

 Market Shock: Binance’s delisting announcement has led to a swift and severe market reaction, with affected tokens experiencing a sharp decline in value.🔵 Recent Prices:$MDX : $0.090, to DOWN 90%$BOND : $2.32, to  DOWN 80%$DOCK : $0.014, to DOWN 60%🟢 Immediate Impact:The lack of a grace period resulted in immediate losses for investors.The forced selling at low prices has caused significant financial distress it includes POLS as well.🔴 Investor Dilemma:Deciding whether to hold or sell is challenging, with the potential for further losses.The recovery of prices is uncertain, adding to investor concerns.The market is reeling from the unexpected delisting, highlighting the volatility and risks inherent in the cryptocurrency space1 #BinanceTournament #BinanceTurns7 #Ton_Coin_Surge #ETH_ETF_Approval_23July #delisting