ACT Coin Plunges by 65%

One of the biggest losses of the day was seen in ACT, which dropped 65% from $0.19 to $0.0681. Binance released a statement explaining:

• Three VIP users sold $514,000 USDT worth of ACT on Binance’s spot market.
• A non-VIP user transferred a large amount of ACT into their account and sold $540,000 USDT worth of it.

This sudden price drop led to the liquidation of futures positions and caused declines in other low market cap tokens. Binance stated that no single account was identified as making a significant profit from the incident so far.

COMP Coin Listed on Upbit

One of South Korea’s largest crypto exchanges, Upbit, officially listed COMP today. The listing significantly increased its trading volume and investor interest.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

VanEck BNB ETF Registered in Delaware

VanEck completed the official registration process for a BNB Exchange-Traded Fund (ETF) in Delaware. This move may increase institutional investor interest in BNB and positively impact its price.

MASK Coin Drops 53%

MASK saw a sharp 53% decline, falling from $2.53 to $1.35. This major drop is part of the broader sell-off seen among low-cap altcoins.

Other Trending Coins and Developments

• SUI
• DEXE
• PEPE: Leading among meme coins in trading volume.
• EOS
• WAL
• FARTCOIN

These market fluctuations highlight the importance of careful investment strategies. Stay tuned for more updates and in-depth analysis!

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What Are Today’s Trending Coins in the Crypto Market? appeared first on Coin Engineer.

Upbit COMP Listing: What You Need to Know

1. Buying orders will be restricted for the first 5 minutes after the trading starts.
2. Selling orders below -10% of the previous day’s closing price will be restricted for the first 5 minutes.
3. Only limit orders will be allowed for the first hour, with market and stop-limit orders disabled.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Important Deposit & Withdrawal Guidelines

• COMP deposits and withdrawals are only supported on the Ethereum network (ERC-20).
• Funds sent via unsupported networks may be lost or require a lengthy recovery process.
• Transactions must be made from wallets registered in your name.
• For large deposits, proof of funds may be required.

What Is COMP (Compound)?

Compound is a decentralized finance (DeFi) protocol built on Ethereum, enabling users to lend and borrow cryptocurrencies. Users can stake assets as collateral to borrow funds or lend assets to earn interest. Additionally, COMP tokens are used for governance participation and rewards within the protocol.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Upbit Lists A New Coin! appeared first on Coin Engineer.

Positive developments continue in Hong Kong, which is taking important steps towards becoming a cryptocurrency hub.

In this context, HashKey, the first licensed cryptocurrency exchange in Hong Kong, is making altcoin listings for professional investors, and the latest listing is for Toncoin (TON).

Haskey announced that TON trading will start on May 09 and made the following statement:

“We are excited to announce that Toncoin will be listed on HashKey Exchange, a licensed virtual asset exchange in Hong Kong.

The listing information and schedule for TON are as follows:

TON deposit and withdrawal transactions are currently open.

TON trading is scheduled to open on May 09, 2024 at 16:00 (UTC+8).

The listed trading pair will be TON/USD, and this trading pair will only be available to professional investors.”

HasKey has listed many altcoins before. In this context, the exchange announced that it had listed altcoins such as Chainlink (LINK), Aave (AAVE), Cosmos (ATOM), Lido DAO (LDO), Maker (MKR), Polkadot (DOT), Litecoin (LTC) and Compound (COMP) in previous months.

Currently, BTC/USD, ETH/USD, USDT/USD, AVAX/USD, UNI/USD, LINK/USD, LDO/USD, ATOM/USD, AAVE/USD, MKR/USD, DOT/USD, COMP/USD, RNDR/USD, DYDX/USD, LTC/USD, OP/USD pairs are listed.

The post Hong Kong’s Largest Crypto Exchange Lists Surprise Altcoin! appeared first on Coin Engineer.