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Important Binance Announcement Affecting Numerous Altcoin Traders

TL;DR Binance’s delisting announcement has been followed by double-digit price declines for the affected assets. In contrast, the company’s addition of new trading pairs often leads to significant price surges, as seen with numerous altcoins in the recent past. The Delisting Spree The world’s largest cryptocurrency exchange decided to remove several margin trading pairs from its platform. According to the official announcement , LIT/BTC, NULS/BTC, SFP/BTC, BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC will become unavailable to clients from January 16 . “Effective immediately, users will no longer be able to transfer any amount of assets of the aforementioned pair (s) via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their Isolated Margin accounts, less any collateral already available,” the company explained. Additionally, Binance will delist the spot trading pairs AXL/FDUSD, C98/BTC, and ENJ/ETH on January 10 . The company periodically conducts such amendments “to protect users and maintain a high-quality trading market.” It takes several factors into consideration when removing trading pairs, including poor liquidity and trading volume. Withdrawing support from a major crypto exchange like Binance typically has a negative effect on the prices of the affected digital assets since it causes reputational damage and limited accessibility (among other setbacks). Literally, all involved cryptocurrencies in the delisting efforts have headed south in the past 24 hours, with many experiencing double-digit declines. It is worth noting that the correction of the broader digital asset market could have also contributed to their poor performance. Recall that Bitcoin (BTC) soared above $102,000 on January 7, but several hours later, it nosedived by more than seven grand. Currently, it trades at around $95,500, while Ethereum (ETH) plunged below $3,400. The crash resulted in over $700 million in liquidations, as approximately 90% of the wrecked traders had opened long positions. The Opposite Effect Besides removing certain trading pairs, Binance also often adds new ones to respond to ongoing market trends and enhance its services. The involved cryptocurrencies usually witness a substantial price resurgence following those actions . Such was the case in November last year when the company listed Cow Protocol (COW) and Cetus Protocol (CETUS). Both assets saw their valuations skyrocketing by 70% shortly after the disclosure . Several weeks ago, the meme coin launched on the BNB chain – Simon’s Cat (CAT) – also pumped significantly. This happened mere hours after Binance included it in its HODLer Airdrops Portal. The post Important Binance Announcement Affecting Numerous Altcoin Traders appeared first on CryptoPotato . AMB Crypto

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Web3Bay Reimagines E-Com, Updates On Injective Ecosystem & Fantom

Web3Bay Brings Decentralization to E-Com: 2 Presale Stages Gone in a Flash! Injective Ecosystem & Fantom Expand Recent technological updates from Injective (INJ), Fantom (FTM), and Web3Bay (3BAY) are bringing a mountain of new innovations to the blockchain market. The Injective ecosystem and Solana’s SVM Sonic are joining forces to facilitate seamless cross-chain AI applications, while Fantom is gearing up to launch its much-anticipated token swap. Additionally, Web3Bay (3BAY) is making waves by transforming how users buy and sell digital assets through its unique blockchain-powered e-commerce platform, decentralized storage, and cross-chain compatibility. Currently, in presale stage 3, Web3Bay’s first two batches sold out in record time. Additionally, the platform has raised over $470,000 and sold more than 127.5 million 3BAY tokens. As the demand for more efficient and innovative blockchain technology increases, Web3Bay’s breakthrough e-commerce model and solid presale start position it for strong future success. Injective Ecosystem Expands Into Cross-Chain AI Innovation The Injective ecosystem is set to achieve a significant milestone with the introduction of the Smart Agent Hub, developed in collaboration with Solana’s SVM Sonic. This initiative enables developers to deploy AI agent applications across blockchains, bridging Injective and Solana seamlessly. Leveraging cutting-edge infrastructure like the Inter-Blockchain Communication Protocol, the hub creates a direct connection between Solana and Injective’s WebAssembly blockchain. This integration will support the transfer of SOL, Solana-based tokens, and Injective tokens, driving interoperability in the blockchain space. Scheduled to debut its testnet in early 2025, the Injective ecosystem empowers developers to enhance decentralized applications with AI-driven data analysis, trend prediction, and automated trading. Fantom Update: Token Swap Launch Coming Soon The upcoming Fantom update marks a pivotal step for the network, with the much-anticipated conversion of FTM to S tokens commencing on January 13th. For the first 90 days, users will enjoy fee-free swaps, making the transition process seamless and accessible. Additionally, a points-based airdrop program will run until mid-2025, distributing 190.5 million tokens, or 6% of the total supply, to eligible participants. This Fantom update not only strengthens user engagement but also highlights its ongoing commitment to enhancing its ecosystem. Fantom’s robust architecture, powered by its unique Lachesis consensus mechanism, enables near-instant transaction finality and processes thousands of transactions per second at minimal cost. By combining scalability, security, and decentralization, Fantom stands out as a reliable platform for decentralized applications and digital assets. Web3Bay’s Decentralized E-Com Revolution Begins: $470K Raised! Web3Bay is transforming the e-commerce experience by offering a decentralized marketplace built on blockchain technology. Unlike traditional platforms, Web3Bay prioritizes transparency, security, and user control, empowering users to buy and sell digital assets without the limitations of centralized systems. With its innovative use of decentralized storage solutions, such as IPFS (InterPlanetary File System), product images, and transaction records are securely distributed across the network, virtually eliminating the risk of data breaches. This architecture not only protects user data but also ensures the integrity of transactions. Web3Bay is also taking interoperability to the next level by planning seamless integration with major blockchains like Ethereum and BNB Chain. This cross-chain compatibility will allow users to transact using assets from different chains, enhancing liquidity and providing greater flexibility. The growing confidence in Web3Bay’s potential to reinvent online shopping is evident in its presale success, having raised an impressive $470,000 with 127.5 million tokens sold. Currently priced at just $0.0039675 in presale stage 3, the platform’s highly affordable native 3BAY token empowers users by enabling purchases, incentivizing engagement, and granting governance rights within the ecosystem. This success highlights the increasing recognition of Web3Bay’s ability to disrupt traditional e-commerce, offering users not just an intermediary-free platform to buy and sell digital assets but also an opportunity to shape its growth. Final Thoughts With advancements like the Injective ecosystem introducing cross-chain AI capabilities and the Fantom update launching seamless token swaps, blockchain innovation is at an all-time high. Web3Bay is now bringing this innovation into e-commerce, allowing users to buy and sell digital assets securely and easily. By leveraging decentralized storage and cross-chain compatibility, Web3Bay provides a seamless, user-centric marketplace. With over $470,000 raised and 127.5 million tokens sold during its presale, the 3BAY token is now priced at $0.0039675 in stage 3. This gives investors an affordable opportunity to get involved in a platform that isn’t just riding the web3 wave but helping shape its future. Join Web3Bay Presale Now: Presale: https://web3bay.io/buy Website: https://web3bay.io/ Twitter: https://x.com/web3bayofficial Instagram: https://www.instagram.com/web3bayofficial/ Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . AMB Crypto