Binance Delist Announcement Details

Binance stated that, starting October 20, 2025, SLERFUSDT perpetual futures contracts will no longer allow new position openings. By 3:00 PM (UTC) on the same day, all open positions will be automatically closed, and the contracts will be fully terminated. During this process, the Futures Insurance Fund will not be used, and any liquidations will be executed via a one-time “Immediate or Cancel Order (IOCO)” mechanism.

Reasons Behind SLERF Memecoin’s Surge

• Delist Announcement: Binance’s decision to delist SLERF futures created uncertainty among investors and triggered short position closures.

• Short Squeeze: Traders holding short positions were forced to close them, increasing demand and driving the price higher.

• Speculative Investor Behavior: Memecoins are often traded by short-term and speculative investors, contributing to high volatility.

Current Status of SLERF

$SLERF is currently trading around $0.29. Like other memecoins, it exhibits high volatility. Investors are advised to exercise caution and only trade with amounts they can afford to lose.

Conclusion

Binance’s delisting of SLERF futures contracts caused significant market movement in the memecoin sector. While such events can present opportunities, they also carry considerable risk. Investors should carefully assess these digital assets before investing.

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Which Trading Pairs Will Be Delisted?

Starting from 2025-01-17 03:00 (UTC), trading will cease for the following pairs: BNX/BTC, CATI/BNB, CATI/BRL, CHZ/FDUSD, DOGS/BNB, GTC/BTC, HIGH/BTC, LISTA/BRL, NOT/BRL, PIXEL/BTC, TKO/BTC, and TWT/BTC.

What Should Users Do?

To avoid potential losses, Binance has advised users:

1. Those using Spot Trading Bots for the affected pairs should update or cancel their bots before the specified date.
2. The delisting of these pairs will not impact the ability to trade the base and quote assets through other trading pairs available on Binance.

Why Was This Decision Made?

Binance conducts regular evaluations of its trading pairs, considering factors like low liquidity, poor trading volume, and overall market conditions. The goal is to create a safer and more efficient trading environment for investors.

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According to Binance, users can still trade the underlying assets of delisted pairs through other trading pairs on the platform. For the most accurate information, users are advised to refer to the original English version of the announcement.

This decision by Binance could contribute to a more stable market structure.

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Binance Completes Distribution of 1000PEPPER to Chiliz (CHZ) Holders

Binance successfully completed the distribution of the 1000PEPPER airdrop for Chiliz (CHZ) token holders. Thanks to this special airdrop, CHZ holders received an additional reward of 1000PEPPER tokens. Users can check the distribution details in their Spot Wallet’s token distribution history.

Airdrop Details: This reward distribution for CHZ holders was implemented to support Binance users’ investments and provide an additional earning opportunity. The airdrop was planned as an incentive for CHZ holders within a specific date range and was completed on November 1st. Thus, the CHZ community received this reward consisting of 1000PEPPER tokens.

Viewing Token Balance: To view your 1000PEPPER token balance in the Spot Wallet, you need to disable the “Hide assets below 1 USD” option on the wallet page. This will allow you to see your small balances as well.

Withdrawals for 1000PEPPER Have Opened: Users can now proceed with the withdrawal of their 1000PEPPER tokens. Token withdrawal processes have been activated on the Binance platform, allowing users to transfer their tokens to their wallets at any time.

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Binance Airdrop Details

Distribution Process

Following this exciting announcement, Chiliz (CHZ) saw a rapid price increase, capturing the attention of investors.

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Chiliz (CHZ) PEPPER Airdrop Distribution Begins

Chiliz will distribute the PEPPER Airdrop to users who own or stake 100 CHZ tokens on the Chiliz Chain. For every CHZ token, 150,000 PEPPER tokens will be given. This airdrop presents a profitable opportunity for investors, and its impact on Chiliz and the PEPPER token will be closely monitored.

Electra Protocol (XEP) Decentralized Exchange Launch

Electra Protocol will launch its much-anticipated decentralized exchange (DEX) platform tomorrow. Electra DEX aims to offer users the benefits of low transaction fees and high speed.

Optimism (OP) Token Unlock Event!

Optimism will unlock approximately 31.34 million tokens tomorrow. This represents 2.64% of the circulating supply and could create short-term selling pressure for investors.

These Altcoins Could Be Active Tomorrow!

• Cardano (ADA): In the third quarter of 2024, two new community hubs will be opened to support the development of local projects.
• Lumerin (LMR): Will enable participation in token validation processes through its “Validator-as-a-Service” offering.
• KRYZA Network (KRN): With the listing of KRYZA Diamond, Bitcoin rewards will increase from 5x to 12x.
• Theta Network (THETA): Will enhance security by adding blind signature support to Ledger wallets.

Additionally, other notable developments such as Lumerin’s community staking program, the new version of Verasity (VRA) wallet, and the Magic (MAGIC) mainnet launch will also attract investors’ attention.

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• ALCX/BTC
• BCH/TUSD
• CHZ/BRL
• ETHFI/BNB, 
• OMNI/BRL

Aiming to maximize market efficiency, this choice is motivated by elements including poor liquidity and trading volume.

Impact on Trading

The delisting of some pairs has no effect on the token availability on Binance’s platform. Users can keep trading the base and quote assets using other suitable pairs. Binance will also stop Spot Trading Bot operations concurrently for the impacted pairings. To prevent any losses, users should change or cancel their Spot Trading bots.

Binance’s Commitment to Market Quality

This action is a part of Binance’s continuous attempts to guarantee a safe and quick trading platform. Frequent reviews help to keep a dynamic trading environment fit for user needs and market conditions.

For further details, visit the official Binance announcement page.

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Coach Ligue 1 revolutionizes the fan experience by allowing Ligue 1 Uber Eats and Ligue 2 BKT followers to build their dream teams using digital trading cards, all powered by Chiliz Chain. This move demonstrates Chiliz’s commitment to revolutionizing league business models through digital advancements, enabling leagues to lead product development and reimagining partnerships with third-party platforms.

By introducing its own assets and using blockchain technology, Coach Ligue 1 eliminates the risk of license expiry, ensuring a lasting connection with fans and a sustainable approach to leveraging the league’s intellectual property. Fans can participate in a gamified experience, competing weekly in national and global leaderboards using in-game currency to acquire player packages and upgrade their teams. The game also offers five different levels of card rarity, from Espoir to Légende, giving users the chance to participate in increasingly prestigious tournaments.

Through this partnership, Chiliz guarantees the scarcity and value of each player card through the blockchain, improving the collectability and trading experience for fans. The development of Coach Ligue 1 was a joint effort with Unagi, known for its expertise in gaming and web3 technologies, evidenced by their previous project Ultimate Champions.

Chiliz envisions a future where leagues pioneer NFT fantasy sports platforms, enabling them to directly own revenue streams, increase user engagement and explore cross-selling opportunities. Committed to this vision, Chiliz and Socios.com will support leagues in developing these platforms, creating significant equity value for clubs and shareholders.

Alex Dreyfus, CEO of Chiliz, expressed his excitement about the project, emphasizing its potential to transform the sports industry on a global scale. Charlie Guillemot, Co-Founder and CEO of UNAGI, echoed this sentiment, highlighting the new experience Coach Ligue 1 offers football fans. Martin Jaglin, Digital Growth Director at LFP MEDIA, emphasized the importance of the initiative in setting a new standard for league fan engagement and value delivery through proprietary digital assets.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

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According to recent data, Justin Sun recently withdrew various altcoins from Binance, including 1.69 million Decentraland (MANA) ($781,382), 79.3 billion Shiba Inu (SHIB) ($757,642), 27.16 billion FLOKI ($845,872), and 61,249 Chainlink (LINK) ($990,402). This is considered a striking change from Sun’s previous preferences, as he typically used this wallet only to store stablecoins, ETH, and stETH.

In addition to this development, two new wallets, named 0xab0 and 0x846, also made significant moves by withdrawing a total of 1.26 million RNDR ($5.3 million) from Binance. This movement in the crypto world continues to arouse curiosity among investors.

As of this writing, the 0xab0 wallet holds 620,068 RNDR ($2.58 million) and 0.8 ETH ($2,030), while the 0x846 wallet holds 645,653 RNDR ($2.75 million) and 0.66 ETH ($1,712) worth of assets.

Another whale, the 0x4dc wallet, deposited 9.26 million CHZ ($1.02 million) to Coinbase at $0.11. This whale had previously withdrawn CHZ from Coinbase between July 20 and September 22, 2023 at an average price of $0.073 (estimated cost: $684,556). These interesting moves continue to cause speculation and curiosity within the crypto community.

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Coinbase was sued by the SEC in June for allegedly operating as an unregistered broker, dealer, and exchange. Coinbase denied the allegations, arguing for the dismissal of the case and accusing the regulator of adopting a “regulation by enforcement” approach.

The exchange attorney William Savitt explored how securities are defined and pointed out the difference between “investing in Beanie Baby Inc. and buying Beanie Babies.”

In its June complaint, the SEC said that tokens such as SOL, ADA, MATIC, FIL, SAND, AXS, CHZ, FLOW, ICP, NEAR, VGX, DASH, and NEXO are securities.

Savitt made an explanation about Coinbase

Savitt noted that Coinbase does not argue that tokens listed on its website can never be considered securities.

“We do not accept the view that token transactions can never be investment contracts,” he said, adding that the SEC did not present any allegations in its case that meet the definition of an investment contract.

He also said that Coinbase agrees with the SEC that a formal contract signed by the buyer is not necessary to create an investment contract. However, he still said that token buyers reading technical reviews and other information about token projects does not mean they are buying investment contracts.

Savitt also rejected the SEC’s thesis that token sales on Coinbase should be considered investment contracts because token projects may have made certain promises to buyers and buyers may have bought tokens in the hope of a price increase.

“There needs to be a statement intended to convey an enforceable promise,” Savitt said. “That is the irreducible minimum of what could be considered an investment contract.”

The Coinbase attorney said that what really distinguishes blockchain tokens from securities is that a person who buys a stock, whether directly from an issuer or on a secondary market, receives all the rights that ownership of those securities confers, but that is not the case for tokens.

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The exchange’s US CEO and Global Trade Director, Bobby Zagotta,

“After informing our valued customers in March, Bitstamp will officially cease its services to its customers in Canada from January 8, 2024.” He said. “As a result, all accounts in Canada will be closed, and customers will no longer be able to access their accounts.”

Zagotta told his customers to withdraw their money by January.

Zagotta added, “This is not a decision we take lightly. Also, we thank our Canadian customers for their loyalty over the years. We hope to serve Canada again in the future.”

In addition, the exchange also halted some of its services in the US due to the SEC’s regulatory pressures on certain cryptocurrencies. It also ended the trading of MATIC, SOL, NEAR, AXS, CHZ, MANA, and SAND on August 9 and ETH trading on August 23.

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Bitstamp Suspends ETH Staking Service in the US!

Bitstamp will terminate its Ethereum staking program for all US users from next month. Also, the exchange’s US CEO, Bobby Zagotta, in his statement,

“From September 25, 2023, Bitstamp will no longer offer staking services in the US,” he said. “Consequently, US customers will stop receiving staking rewards. Besides, all other Bitstamp services will remain unaffected.”

This move came amid US regulation targeted by the SEC. The SEC stated that such services fall under the umbrella of investment contracts and therefore need to be registered as securities.

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