Release: 2024/12/14 18:47 Reading: 370
Binance Delists Trading Pairs for Quality Assurance
Binance announced plans to delist three trading pairs on December 13th: DCR/BTC, PEPE/TUSD, and ZEN/ETH. This decision resulted from a routine assessment emphasizing liquidity and trading volume to maintain ecosystem quality. Binance advises users to adjust or terminate Spot Trading Bots before the service discontinuation. Despite the pair removals, the tokens will remain on the platform for trading through other available pairs. Binance's compliance standards and recent spot trading pair delistings on December 10th reflect project development, network stability, and regulatory considerations.
OKX Launches USDT-Margined Futures for VIRTUAL and SUNDOG Tokens
OKX has announced the launch of USDT-margined perpetual futures for Virtual Protocol's token ($VIRTUAL) and the meme coin SUNDOG, commencing trading on December 11th with VIRTUAL/USDT as the initial option. These contracts offer leverage options from 0.01x to 50x, featuring funding fees of ±1.50% recalculated every four hours without interest charges. A funding fee cap of 0.03% aims to stabilize early trading. VIRTUAL has shown positive market momentum, with a 4% surge within 24 hours after the announcement and a 100% increase over the last two weeks. With a market capitalization exceeding $1.6 billion, VIRTUAL's growth suggests its popularity and trading volume.
Babylon Labs and SatLayer Partner for Enhanced Bitcoin Staking
In a partnership to expand Bitcoin staking, Babylon Labs and SatLayer will enhance liquidity, security, and capital efficiency for Bitcoin holders across blockchain applications. SatLayer's integration as the primary restaking platform for the Babylon protocol will introduce smart contracts on Babylon Chain, facilitating programmable BTC slashing. This initiative aims to advance Bitcoin's utility within DeFi, with over $2 billion in Bitcoin targeted for proof-of-stake blockchains and applications. The collaboration seeks to unlock liquidity through projects such as Lombard, Solv, and Bedrock, boosting security and liquidity for associated ecosystems and infrastructures.
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