The all-in-one Robinhood app will bring UK customers access to over 50 cryptos alongside stocks and shares ISA, equities, options and futures.The AI service explains in plain English the key factors driving price movements in individual crypto assets.Robinhood (HOOD) is introducing zero-fee crypto trading in the U.K. alongside stocks and shares ISAs, equities, options and futures, the company said on Monday.
The all-in-one Robinhood app will bring U.K. customers access to over 50 cryptos including Bitcoin BTC$64,978.83, Ethereum ETH$1,916.58, XRP (XRP), Hyperliquid (HYPE), accessed via Bitstamp, the exchange Robinhood acquired in 2025.
The trading firm is also introducing “Robinhood Cortex Digests for Crypto,” a generative AI-powered widget that analyses breaking news, market data, technical indicators and Robinhood's proprietary insights. The AI service explains in plain English the key factors driving price movements in individual crypto assets, Robinhood said.
“Our new product provides a transparent, low-cost alternative to many incumbent U.K. platforms, which often rely on opaque pricing structures and apply wide spreads that can erode customers' returns,” Robinhood said.
“It will begin rolling out to eligible U.K. customers this week.”
The product also expands Robinhood’s growing crypto ecosystem for UK customers. As such, UK developers can build on the highly popular Robinhood Chain, a layer 2 blockchain built on the Arbitrum platform.
“A new wave of UK investors sees digital assets as an important part of a diversified portfolio,” said Jordan Sinclair, President of Robinhood U.K. “We’re taking another major step toward becoming the all-in-one investment platform for the UK.”
Cortex Network, an open-source decentralized blockchain platform, is pleased to announce its strategic partnership with Prism. Prism is a proof-of-work consensus protocol to scale transactions with minimal manual intervention. The strategic purpose of this collaboration is to combine Artificial Intelligence (AI) powered trading with autonomous AI agents.
🤝 Cortex Network × @PrismNetwork_io
By combining Cortex’s AI Agent infrastructure with Prism’s AI strategy accounts, we’re enabling smarter decision-making, automated execution, and accessible systematic trading strategies.
Building the next generation of autonomous markets. pic.twitter.com/yBubGYYVSk
— Cortex Network (@Cortex_Network_) August 5, 2026 The partnership between Cortex Network and Prism enables smarter AI-driven decision-making for traders, automates trade execution using AI agents, and makes systematic trading more accessible to users. Both platforms are purposefully integrated to ensure smarter, automated, and efficient decentralized markets. Cortex Network has shared this news through its official social media X account.
Cortex Network and Prism Shape the Future of AI-Driven Market Infrastructure The world is growing rapidly and demands innovation with each passing second; therefore, both partners, Cortex Network and Prism, will meet users’ requirements in this advanced era. AI is very impactful and is speedily changing the entire scenario of every type of work. They are considering the possibilities of AI and advanced tools and actively utilizing their strategic use to support users all over the world for instant growth.
Furthermore, this partnership is also providing users a golden opportunity for getting fruitful results with instant support. Actually, they are building the next generation of autonomous markets full of opportunities and happenings. This development ensures the scalability of transactions around the world as well.
Enhancing On-Chain Markets with Intelligent Automation The unification of Cortex Network and Prism is much more than an ordinary partnership; rather, it is a chance in the improvement of trading efficiency with minimal manual effort and more intelligent on-chain market infrastructure. This partnership is going to further minimize human effort to the best level in the whole world.
Moreover, they are properly paying attention to users’ security, scalability, and transparency, along with the protection of users’ privacy. Security is the priority for every successful and worthy platform for significant growth. This partnership lays the new and ever stronger foundation for a protected system of development for users.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
A 27-person acquisition, seven identity partners, and a $1.33B revenue base — the connective layer between agents and enterprise data just got its first heavyweight anchor.
The release of Snowflake Cortex AI Gateway at Black Hat 2026 marks a transition in how enterprises manage autonomous systems. By integrating the technology from its May 2026 acquisition of Natoma, Snowflake is positioning itself not merely as a data warehouse, but as the connective tissue for the agentic stack. This move signals that the Model Context Protocol (MCP) gateway is evolving from a niche security utility into a foundational horizontal infrastructure layer.
The Shift to Agent Interoperability As Mayank Upadhyay, Snowflake’s Chief Security and Trust Officer, noted: “Enterprise AI is moving from data interoperability to agent interoperability, and security has to be at the center of that shift.” This observation captures the structural pivot currently underway. Organizations are moving beyond simple RAG pipelines toward complex, multi-agent workflows that require granular control over tool execution. The Cortex AI Gateway addresses this by enforcing identity, policy, and audit at the tool-call level, effectively treating the agent as a first-class citizen within the enterprise perimeter.
A 72-Hour Signal The market is responding to this shift with significant capital allocation. In a 72-hour window at the end of July 2026, the industry saw three major moves in the agent identity space: the launch of Snowflake’s gateway with seven identity partners (1Password, Aembit, Cyera, Linx Security, Okta, SailPoint, and Saviynt), Cyera’s $1 billion acquisition of Oasis, and Okta’s ~$200 million acquisition of Permiso. This concentration of activity suggests that agent identity is no longer an optional feature but a prerequisite for production-grade agent deployment.
The Competitive Landscape Snowflake’s entry, backed by its $1.33 billion in quarterly product revenue, validates a crowded field of infrastructure providers. Companies like MintMCP, TrueFoundry, Lunar.dev, Diagrid, Kong, Obot, and Arcade are all vying to define the standards for agent orchestration. While these vendors approach the problem from different angles — ranging from API management to specialized agent runtimes — the common denominator is the need for a centralized gateway to manage the sprawl of MCP servers and third-party integrations like Amazon Bedrock, Azure AI Foundry, and LangChain.
Threading the Protocol The maturation of this category is further evidenced by the friction points emerging in the ecosystem. The recent Runlayer v. Rippling lawsuit in the SDNY represents the first major intellectual property dispute involving MCP, signaling that the protocol is now valuable enough to litigate. Simultaneously, the release of the MCP stateless specification — the largest revision since the protocol’s launch — highlights the industry’s focus on scalability and modularity. These developments are occurring against the backdrop of the NadMesh botnet, which has identified MCP as a primary attack surface, prioritizing it over traditional targets like Kubernetes or Redis. This threat landscape forces a move toward the robust, policy-driven governance that gateways provide.
Implications for the Ecosystem For builders, the message is clear: infrastructure is moving up the stack. The ability to provide visibility into real-time agent actions and end-to-end audit trails is becoming a competitive advantage. Investors should look for platforms that can bridge the gap between legacy identity providers and the fluid, tool-calling nature of modern agents. For operators, the challenge remains the capacity gap; with 57% of organizations reporting significant deficits in security and risk management, the adoption of managed gateway infrastructure may be the only path to scaling agentic operations safely.
Open Questions While the infrastructure layer is crystallizing, the long-term winners remain uncertain. Will the market favor integrated platforms like Snowflake, or will specialized, protocol-native gateways gain more traction? Furthermore, as the NadMesh botnet demonstrates by prioritizing MCP exploitation over Kubernetes, Docker API, and Redis, the security of the MCP ecosystem is still in its infancy. The widening gap between gateway capabilities and evolving exploitation techniques will ultimately determine which platforms earn the production trust required for widespread adoption.
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The Artificial Superintelligence (ASI) Alliance has launched ASI: Train, a new program focused on developing domain-specific AI models. The initiative kicks off with the introduction of Cortex, a $100 million brain-inspired robotics model designed to enhance AI capabilities in real-world applications.
According to a Nov. 26 statement, the program targets complex challenges across various industries like science, medicine, and robotics. Current large language models (LLMs) are great for general tasks but struggle with specialized industry needs.
AI models are expected to offer greater precision, efficiency, and relevance for specialized tasks than general-purpose LLMs.
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With this platform, researchers, investors, and community members can participate in the success of AI development while supporting it through a decentralized framework.
“By combining domain-specific models like ‘Cortex’ with decentralized ownership, we’re creating a DeSci ecosystem where individuals support groundbreaking technology and share value creation,” Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance, noted.
Users can stake FET tokens to gain ownership of AI models under a DAO-like structure, with assets becoming tradable in secondary markets. ASI: Train will open staking opportunities for investors in mid-December, allowing participation in the model’s development and success.
The first model Cortex, scheduled to begin training in December, will undergo a 12-14 week training period using GPU compute resources.
The model is expected to generate annual revenue of more than $10 million from customers including educational institutions, warehouse companies, robotics startups, and industrial partners.
The ASI Alliance plans to expand its portfolio with additional AI models in the biotechnology, quantum technology, space technology, and material science sectors.
“This is the future of inclusive, sustainable AI development, and we’re thrilled to have our community at the forefront of this journey,” said Sheikh.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Cortex’s volume surged as its price dropped by over 54% on the charts If the trend reversal solidifies itself, CTXC could see a breakout Cortex (CTXC) crypto’s trading volume rose sharply while its price itself declined significantly on the charts. In fact, CTXC’s volume spike was a 4x, in comparison to previous weeks. This was alongside a sharp price drop from a high of approximately $1.05 to a low near $0.37, constituting a fall of around 45%.
CTXC’s ‘orderblock’ at $0.25 historically acted as both support and resistance and at the time of writing, the price seemed to be approaching there. This zone triggered a modest rebound, suggesting some resistance to further declines on the charts.
Source: Trading View Despite the bearish trend, however, the hike in volume accompanying the price drop indicated accumulative activities by traders anticipating potential value.
The MACD indicator pointed to a close convergence and a potential bullish crossover, hinting at possible upward momentum. If this trend reversal solidifies itself, CTXC could register a breakout.
This suggested what the critical area for this potential rally could be if CTXC can sustain itself above the $0.40 resistance level. This is likely to pave the way for a more significant recovery.
Profitability at break even price CTXC’s distribution of addresses based on their profitability, relative to the break-even prices, saw 41.19% in profits. These addresses entered the market at $0.385250.
On the contrary, 57.19% of addresses faced losses with the price points at $0.40 and above up to $0.50, where the largest losses were concentrated. The addresses at break-even were just 1.61%, indicated minimal trading activity.
Source: IntoTheBlock The future market behavior of CTXC could pivot around these levels as addresses in losses could decide to sell if the price approaches their entry points, potentially capping upward price movements.
Conversely, sustained upward trends might convert more addresses to profitability, encouraging a more bullish sentiment in the Cortex market.
CTCX new adoption rate New adoption rate of Cortex saw a notable spike in May 2018, reaching nearly 50%, coinciding with a price peak of approximately $0.30. This trend demonstrated that high adoption rates previously propelled price surges, although this connection lessened over time.
Subsequent spikes in adoption throughout 2019 and 2020 showed a similar, albeit more insignificant, impact on the price. This pointed to diminishing returns from new adoption surges on the asset’s price.
Source: IntoTheBlock By 2024, the adoption rate has steadied around 8.97%, significantly lower than its previous highs. Also, it did not correspond to any notable price changes, as the price stabilized at around $0.80.
This pattern indicated that while early surges in adoption significantly influenced Cortex’s price, the effect has waned. Likely due to market maturation or reduced responsiveness to adoption changes.
If the adoption rate continues to increase, its previous impact on the price suggested that future price movements could no longer correlate strongly with new adoption rates. By extension, this hinted at a decoupling of user growth from direct price incentives.
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Crypto trading platform Robinhood, is reportedly evolving into a financial platform aimed at a diverse array of retail investors. In a significant shift, the company is set to introduce checking and savings accounts later this year for its paying “Gold” subscribers, marking its foray into the banking sector.
Robinhood Aims For Private Banking Experience Deepak Rao, vice president and general manager of Robinhood Money, said the company intends to differentiate itself from traditional banks by offering a “more personalized,” private-banking-like experience. “You get these crazy products, you get really high interest rates,” Rao noted in a recent interview. “Why don’t we do that, but we give it to everybody?”
While Robinhood is venturing into banking, it is important to note that it is not an FDIC-insured bank. Instead, it will partner with Coastal Community Bank to provide Federal Deposit Insurance Corporation (FDIC) protection on customer deposits.
According to Bloomberg, the anticipated annual percentage yield on its high-yield savings accounts is expected to be around 4%, a competitive rate in today’s financial landscape.
In addition to high interest rates, Robinhood’s banking services will offer features typically associated with private banking, such as estate planning and tax advice.
Customers will also enjoy the convenience of requesting cash to be delivered directly to their homes on the same day, a service that some traditional banks provide but with longer wait times.
Human And Robo-Advisory Services This move into banking aligns with Robinhood’s broader ambition to become a “one-stop-shop” for consumers’ financial needs, integrating investing, banking, retirement, and other financial products under one brand.
CEO Vlad Tenev articulated this vision during the company’s investor day in December, and since then, Robinhood has also introduced sports-event contracts, further diversifying its offerings.
In addition to its banking expansion, Robinhood is rolling out a tailored wealth-management service. This service will cap fees for Gold subscribers at $250 per year, granting them access to both individual stocks and exchange-traded funds (ETFs), while minimizing taxable gains.
Steph Guild, president of Robinhood Asset Management, emphasized the company’s commitment to creating a hybrid model that combines the benefits of human advisors and robo-advisors. “We thought we’d take the best of those models and create something that doesn’t exist today,” Guild stated
To further enhance its wealth-management services, Robinhood plans to launch an artificial intelligence tool named Robinhood Cortex. This feature will provide investors with advanced analysis and insights to help optimize their investment portfolios.
The daily chart shows the platform’s stock, HOOD, priced at $44.73 as of Wednesday’s trading session. Source: HOOD on TradingView.com Featured image from Shutterstock, chart from TradingView.com
Cortex AI Agent, a component of the Cortex blockchain, a deFi platform focused on integrating AI into smart contracts. Build by Synapse and Cortex, it enables developers to execute AI models on-chain, ensuring detailed results across diverse crypto computing environments. Yeah, it’s a complex process.
Basically, Cortex addresses a key challenge in blockchain technology, where traditional chains struggle with efficient AI execution, which often requires off-chain solutions that compromise decentralization.
Sell anything and Buy $HYPE in one click. Today. Only on Cortex.
Hyperliquid. pic.twitter.com/wZmmfol8cy
— cortexprotocol.hl (@Cortex_Protocol) March 31, 2025
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Diving Into Synapse Crypto Complexity Synapse just dropped its Cortex AI Agent related to its protocol, a platform facilitating cross-chain transactions in the crypto decentralized space. It comes with its complex functionality, showing an AI-driven interface that assists users in swapping assets, such as converting Base ETH to HYPE.
The Cortex AI agent simplifies the process by preparing and executing transactions, helping users manage crypto assets across different chains.
It operates within its Cortex Virtual Machine, a framework designed for machine learning inference on the blockchain. This allows decentralized applications to incorporate AI models directly. Not stopping, it also supports some use cases like predictive analytics or automated decision-making.
(source)
The goal is enabling on-chain AI execution to eliminate the need for external computation, while ensuring transparency and security in applications that rely on AI-driven outcomes.
Okay, it’s getting more and more complex!!
Synapse Protocol leverages AI agents to streamline “complex” crypto transactions, as seen in its Cortex drop mechanism. The AI assists users by providing clear steps for asset swaps, such as outlining the transaction details and executing the trade. This reduces the technical barrier for users engaging in cross-chain activities, making DeFi more accessible while maintaining decentralized integrity.
(source)
TL; DR, Cortex focuses on embedding AI within smart contracts, while Synapse uses AI to improve user interaction in DeFi transactions. Together, they demonstrate how AI can bridge technical gaps, offering practical solutions for developers and users in the crypto ecosystem.
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
The Other AI Agent that Comes to MIND Undoubtedly, the AI in both Cortex and Synapse displays a growing trend in crypto technology, where intelligent agents thrive. Hovering at a $60 million market cap, Cortex is still one of the cryptos that can print, but not for 100x.
(source)
Let’s be honest here, at a $600 million market cap, Cortex will give 10x returns. While it’s probable, there is another AI agent that’s still cheap and can give higher returns.
Yes, unlike other AI coins, Mind of Pepe($MIND)comes with another explosive narrative, meme!!
It merges an AI-driven meme coin concept with unique utility. Still in its early presale phase, it comes with an evolving AI agent that engages communities and provides insights into crypto trends. Not that complex, right? I mean, Dogecoin is still standing in the top 10 biggest cryptos without the complexity of Cortex.
(source)
At its current price of $0.0037, early investors can acquire tokens before exchange listing, as the presale is soon to conclude, and listing comes after.
Presalers can also earn substantial staking rewards, with a 272% APY, just by holding and staking. $MIND is giving early holders almost three times the free tokens.
And don’t forget, $8 million of smart money has joined. And now it’s your time to decide.
Join the AI explosion!! Go to the MIND of Pepe website, connect your wallet, and purchase $MIND using ETH or USDT. You can also buy this best crypto with your bank card.
For more information, visit the MIND of Pepe website or follow the MIND of Pepe on X or Telegram.
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways What is Synapse Crypto by Cortex? How Complex is it? With Dogecoin still at the top 10 biggest coin, meme and AI combo is what gonna boom. #Presales
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Much of the blockchain API plumbing that stablecoins and other crypto applications use will see a 66% reduction in latency.Alchemy’s new “Cortex Engine” architecture reduces average response times from 300-400 milliseconds to less than 50 milliseconds.Stablecoins, the dollar-pegged tokens that now rival the volumes of Visa and Mastercard for international payments, are about to get faster.
While their traditional finance rivals can process upwards of 65,000 transactions a second (TPS), the web of decentralized blockchains in existence today offer a variety of latency values. However, the connections between large chunks of today’s Web3 architecture are about to improve dramatically, according to Alchemy, a blockchain infrastructure firm sometimes described as the “AWS of crypto.”
The firm, which handles data exchange between many decentralized applications, says it has achieved a 66% reduction in delays over crypto’s transaction rails, including much of the plumbing for stablecoins.
Stablecoins may have started out as a way to park money while users traded cryptos or participated in decentralized finance (DeFi) applications, but these days dollar-pegged tokens handle a large flow of payments, rivalling the volumes of the big card networks.
“We power the vast majority of stablecoin issuers (Paxos, Circle, etc.),” said Alchemy CTO Guillaume Poncin in an email. “We do not directly support Tether Holdings Ltd today, but we facilitate a large fraction of activity that relies on USDT for various purposes – whether money movement, or Defi, or trading, or payments.”
Founded by computer scientists from Stanford University back in 2017, Alchemy emerged with developer tools to make it easier to run blockchain nodes at enterprise scale. The firm, which works with the likes of Coinbase, Stripe, JPMorgan and Anchorage, went on to offer programmable links between programs known as APIs, allowing for data indexing, smart contract automation and wallet optimizations.
In terms of actual speed, Alchemy’s new Cortex Engine architecture reduces average response times from 300-400 milliseconds to less than 50 milliseconds, enabling instant settlement experiences that rival traditional payment rails, according to Poncin.
“We all love when things go faster,” Poncin said in an interview. “I think it's easier for people to understand how things are faster, but we also massively improved the throughput, the scale that we can reach, which is incredibly important once we get to the NASDAQ scale of transactions.
Attempting to put this into perspective, around 200 milliseconds is known to be the point below which people don't notice the response time from computers. Previously, the typical response time on a transaction confirmation or on the screen refresh in a wallet app, was of the order of half a second, and now it's 100 milliseconds, Poncin said.
When it comes to throughput, Alchemy has entered the realm of hundreds of thousands of requests per second, which is roughly the scale of very large applications. In terms of running a blockchain node, this has seen a 1000x increase on the throughput of a single node on any one blockchain, he said.
Users will definitely notice improvements, Poncin said, adding: “We rolled this out to some of our users, silently, without telling them we were doing it. I was trying to see what the response would be like. And people were like, ‘Hey, I opened the app this morning and everything is twice as fast. What did you guys do?’”
Binance, the world’s largest cryptocurrency exchange, has announced the delisting of four altcoins from its spot market on July 22, 2024. The affected tokens are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS).
According to an official announcement on July 8, the cessation of trading for all spot trading pairs of these tokens will take effect at 11:00 UTC+8. The removal will affect Bitcoin (BTC) and Tether USD (USDT) pairs of the four tokens, including BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT.
Delisting Details Starting July 22, users will no longer be able to withdraw or deposit any of the four cryptocurrencies. Existing orders will be automatically cleared after Binance halts trading on the respective trading pairs.
However, the exchange may convert the delisted tokens to stablecoins on behalf of users after the removal. The four tokens will also be removed from Binance Simple Earn, Auto-Invest, Margin, and Binance Funding Rate Arbitrage programs before they are officially halted at the stipulated date.
The exchange stated that the delisting of these tokens is part of its regular review process to ensure the security, compliance, and performance of assets listed on Binance.
Binance, which recently celebrated its seventh anniversary on July 5, routinely evaluates various factors such as the commitment of the project team, development activity, network stability, and trading volume to identify tokens that no longer meet its criteria. The company revealed that tokens that no longer meet its rigorous standards are subject to delisting to maintain a high-quality trading environment for its 200 million users globally.
Crypto traders holding any of the four digital assets should be prepared for the delisting by taking necessary actions before the deadline. Binance has advised users to close all positions and withdraw any balances of BOND, DOCK, MDX, and POLS before the delisting occurs.
Binance Adds 11 Cryptocurrencies to Its Watchlist The delisting of these four tokens comes a week after the company announced that it added 11 different cryptocurrencies, including Balancer (BAL) and Cortex (CTXC), to its watchlist for potential removal.
Binance explained that tokens on the watchlist are considered high-risk and are closely monitored for volatility and compliance with its listing criteria.
However, it is important to note that none of the four tokens being delisted on July 22 were part of the 11 cryptocurrencies recently added to Binance’s Monitoring Tag.
On June 28, the company ceased trading Shiba Inu (SHIB), the second largest meme coin in the industry with a market cap of nearly $10 billion. That same day, Binance also removed and ceased trading of Chainlink, Memecoin, Blur, Metis, NFPrompt, and Osmosis.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Shiba Inu (SHIB) News, Cryptocurrency News, News
Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
Binance has issued a warning that has fueled discussions in the crypto market. For context, the leading cryptocurrency exchange announced plans to extend its Monitoring Tag to 11 tokens, putting them at risk of future delisting.
Meanwhile, tokens affected include Balancer (BAL), and Cortex (CTXC), among others, while Enzyme (MLN) and Horizon (ZEN) will be removed from the risk list. Several market watchers view this development as a signal for potential price volatility for the affected tokens.
Binance Adds Monitoring Tag To 11 Tokens Binance’s recent announcement about its Monitoring Tag has sent ripples through the crypto market. As of July 1, the exchange will add several tokens, including Balancer (BAL), Cortex (CTXC), and Convex Finance (CVX), to its Monitoring Tag list.
Meanwhile, as per the announcement, tokens with this tag are considered high-risk and are closely monitored for volatility and compliance with Binance’s listing criteria. The tokens newly added to the Monitoring Tag list are:
Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), Sun (SUN).
In contrast, Enzyme (MLN) and Horizon (ZEN) will be removed from the Monitoring Tag list. This shift indicates a reassessment of the risks and stability associated with these tokens. However, Binance’s decision to tag these 11 tokens highlights their increased volatility and potential for not meeting the platform’s listing criteria in the future.
Meanwhile, according to Binance, the Monitoring Tag serves as a warning that the listed tokens are under scrutiny and may face delisting if they fail to meet specific standards. These standards include the project’s commitment, development activity, trading volume, network stability, public communication, and ethical conduct.
Binance emphasizes that the Monitoring Tag aims to maintain a healthy and sustainable cryptocurrency ecosystem.
Also Read: 900M SHIB Burn Sparks Optimism Over $0.00003 Price Target Ahead
Price Drop Ahead? The introduction of the Monitoring Tag for these tokens has significant implications for investors. Historically, announcements of this nature from major crypto exchanges like Binance tend to impact market sentiment and token performance. Positive announcements usually boost market confidence, while warnings and potential delistings can weigh on investors’ sentiment.
Meanwhile, the affected tokens could experience increased price volatility and reduced trading volume as investors respond to the perceived risk. Tokens under the Monitoring Tag are also subject to additional trading restrictions on Binance.
In addition, users must complete a quiz every 90 days to trade these tokens, ensuring they understand the associated risks. This additional layer of scrutiny aims to protect users and promote informed trading decisions.
The announcement underscores the importance of due diligence in the rapidly evolving crypto market. Investors must stay informed about the status and compliance of their holdings, particularly in light of such warnings from leading exchanges. In other words, Binance’s criteria for the Monitoring Tag emphasize the importance of project transparency, network stability, and ethical conduct.
Also Read: Elon Musk Announces JARVIS-Inspired xAI Grok 2 AI Chatbot Release Date
Binance, the world’s largest crypto exchange by trading volume, has announced that 11 altcoins are facing a potential delisting.
On Monday, Binance extended its “monitoring tag” to Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT) and Sun (SUN).
[adinserter block="1"]
Binance says tokens with monitoring tags are more volatile and risky than other crypto assets. The exchange monitors and conducts “regular reviews” of tagged tokens.
Says Binance,
“Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.”
Binance users who want to trade tokens with monitoring tags have to pass quizzes every 90 days, designed to make users aware of the risks associated with the digital assets.
The exchange also removed two assets from its monitoring tag list: Enzyme (MLN) and Horizen (ZEN).
Enzyme is an on-chain asset management system that aims to enable access to digital assets and decentralized finance (DeFi) from one unified app. The project’s native token, MLN, is trading at $22.21 at time of writing and is up nearly 30% in the past 24 hours.
Horizen bills itself as a privacy-focused network of blockchains. The project’s native token, ZEN, is trading at $7.13 at time of writing. The 393rd-ranked crypto asset by market cap is up over 5% in the past 24 hours.
