Official Binance Statement: “Automatic Settlement Will Be Executed”

In its announcement, Binance Futures stated that all open positions will be automatically closed on October 28 and the contracts will be terminated following settlement. With this process, leveraged trading for these contracts will end. Binance advised users to close their positions in advance to avoid risks related to liquidation or price volatility.

Unexpected Price Surge

Following the announcement, both GMT and DOGS tokens experienced a short-term price rally as investors shifted toward the spot market:

• GMT rose by up to 6%, reaching around $0.02,
• DOGS jumped by 9%, testing the $0.00006 level.

Analysts attribute this movement to increased short-term liquidity and off-exchange buying activity following the closure of futures positions.

Market Experts Weigh In

Experts say Binance’s decision is part of its liquidity management strategy. In the past, closing contracts with low trading volumes has often led to short-term volatility in the spot market. However, in the medium term, such measures tend to reduce volatility in the futures market and make the ecosystem more stable overall.

Binance Futures’ decision to end the GMT and DOGS contracts on October 28 is viewed as a routine step within the platform’s risk-management policies. Still, investor reactions in the spot market caused both tokens to see a short-term price increase. Analysts emphasize that this surge is likely a temporary speculative reaction, and they expect the market to stabilize again in the medium term.

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 Binance Futures Delists Two Coins: Major Price Surge Follows! appeared first on Coin Engineer.

Key Key Revelations and Details

• SUI (Sui) – SUI 378,060 ($1.07 million) – Market Cap Impact: 0.01
• WLD (Worldcoin) – 3.42 million WLD ($3.73 million) – Market Cap Impact: 0.32
• SEI (Sei) – SEI 5.24 million ($1.30 million) – Market Cap Impact: 0.11
• TIA (Celestia) – TIA 998,404 ($4.16 million) – Market Cap Impact: 0.19
• G (Gravity) – G60.22 million ($1.20 million) – Market Cap Impact: 0.83
• ENA (Ethena) – ENA 2.06 billion ($818.81 million) – Market Cap Impact: 65.93
• JTO (Jito) – JTO 16.41 million ($39.38 million) – Market Cap Impact: 5.48
• BERA (Berachain) – 161 million BERA ($1.35 million) – Market Cap Impact: 0.15%
• MOVE (Movement) – 50.85 million MOVE ($22.82 million) – Market Cap Impact: 2.12
• GMT (GMT Token) – 81.67 million GMT ($4.81 million) – Market Cap Impact: 3.03

Possible Market Impacts

Among the most notable of the upcoming lock openings are ENA (Ethena) and JTO (Jito). Ethena’s opening, representing 65.93% of its total supply, could create significant selling pressure. This is seen as a large opening that could create a serious volatility on the market.

On the other hand, Jito’s 5.48% and MOVE’s 2.12% have a moderate impact. High supply growth may cause prices to fall in the short term.

Lower-impact expansions such as SUI, SEI and TIA may cause slight price movements. However, due to the volume and investor interest in these tokens, they are not expected to create a major selling pressure.

Investors try to anticipate market movements by tracking major token lock expansions in advance. During periods of high selling pressure, volume and trading data should be closely monitored to minimize the impact of openings.

In the coming days, market movements of these tokens should be carefully monitored and measures should be taken against volatility.

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 Major Token Unlocks Taking Place This Week: March 2-9 appeared first on Coin Engineer.

You might like: New Regulation for Crypto from South Korea!

Altcoins That Will Be Unlocked

BitMEX (BMEX)

• Market Cap: $23.80 million
• Unlocked Token Amount: $3.43 million (14.41% of Market Cap)
• Date: February 11, 2023, 03:00

Cripco (IP3)

• Market Cap: –
• Unlocked Token (Altcoins) Amount: 2.99 million IP3
• Date: February 11, 2023, 03:00

Galxe (GAL)

• Market Cap: $201.34 million
• Unlocked Token Amount: $13.99 million (6.90% of Market Cap)
• Date: February 5, 2023, 08:00

Work X (WORK)

• Market Cap: $1.26 million
• Unlocked Token Amount: $1.33 million (105.79% of Market Cap)
• Date: February 5, 2023, 16:00

Goldfinch (GFI)

• Market Cap: $74.63 million
• Unlocked Token Amount: $1.41 million (1.89% of Market Cap)
• Date: February 11, 2023, 03:00

WeWay (WWY)

• Market Cap: $25.81 million
• Unlocked Token Amount: $1.80 million (6.96% of Market Cap)
• Date: February 11, 2023, 03:00

Moonbeam (GLMR)

• Market Cap: $286.96 million
• Unlocked Token Amount: $1.40 million (0.49% of Market Cap)
• Date: February 11, 2023, 08:00

Sei (SEI)

• Market Cap: $1.10 billion
• Unlocked Token Amount: $1.41 million (0.13% of Market Cap)
• Date: February 5, 2023, 18:00

What is Sei Network?

Myria (MYRIA)

• Market Cap: $77.43 million
• Unlocked Token Amount: $5.96 million (7.70% of Market Cap)
• Date: February 7, 2023, 03:00

Gods Unchained (GODS)

• Market Cap: $80.21 million
• Unlocked Token Amount: $1.88 million (2.34% of Market Cap)
• Date: February 11, 2023, 03:00

Goldfinch (GFI)

• Market Cap: $74.63 million
• Unlocked Token Amount: $1.41 million (1.89% of Market Cap)
• Date: February 11, 2023, 03:00

Tokocrypto (TKO)

• Market Cap: $54.89 million
• Unlocked Token Amount: $4.89 million (8.84% of Market Cap)
• Date: February 7, 2023, 03:00

Automata (ATA)

• Market Cap: $38.89 million
• Unlocked Token Amount: $3.73 million (9.68% of Market Cap)
• Date: February 7, 2023, 03:00

ChainGPT (CGPT)

• Market Cap: $71.75 million
• Unlocked Token Amount: $7.60 million (10.59% of Market Cap)
• Date: February 10, 2023, 17:00

Internet Computer (ICP)

• Market Cap: $5.92 billion
• Unlocked Token Amount: $43.06 million (0.72% of Market Cap)
• Date: February 11, 2023, 03:00

Hashflow (HFT)

• Market Cap: $103.27 million
• Unlocked Token Amount: $4.02 million (3.92% of Market Cap)
• Date: February 7, 2023, 1:00 PM UTC

ECOx (ECOX)

• Market Cap: $47.29 million
• Unlocked Token Amount: $9.34 million (19.75% of Market Cap)
• Date: February 7, 2023, 6:00 PM UTC

Cheelee (CHEEL)

• Market Cap: $844.76 million
• Unlocked Token Amount: $367.62 million (43.52% of Market Cap)
• Date: February 10, 2023, 9:00 AM UTC

Cetus Protocol (CETUS)

• Market Cap: $10.19 million
• Unlocked Token Amount: $1.58 million (15.63% of Market Cap)
• Date: February 10, 2023, 3:00 AM UTC

AngelBlock (THOL)

• Market Cap: $10.91 million
• Unlocked Token Amount: $2.66 million (24.39% of Market Cap)
• Date: February 10, 2023, 6:00 AM UTC

Cere Network (CERE)

• Market Cap: $37.13 million
• Unlocked Token Amount: $1.13 million (3.04% of Market Cap)
• Date: February 8, 2023, 3:00 AM UTC

Sipher (SIPHER)

• Market Cap: $55.72 million
• Unlocked Token Amount: $9.49 million (17.03% of Market Cap)
• Date: February 10, 2023, 3:00 AM UTC

KAP Games (KAP)

• Market Cap: $7.25 million
• Unlocked Token Amount: $2.77 million (38.18% of Market Cap)
• Date: February 8, 2023, 3:00 AM UTC

GMT (GMT)

• Market Cap: $416.58 million
• Unlocked Token Amount: $21.76 million (5.28% of Market Cap)
• Date: February 9, 2023, 5:00 AM UTC

What is Move to Earn?

DAO Maker (DAO)

• Market Cap: $155.04 million
• Unlocked Token Amount: $19.10 million (12.32% of Market Cap)
• Date: February 9, 2023, 3:00 AM UTC

Felix Protocol (FLX)

• Market Cap: $40.79 million
• Unlocked Token Amount: $2.48 million (6.09% of Market Cap)
• Date: February 5, 2023, 3:00 AM UTC

The post 26 Altcoins That Will Be Unlocked This Week! appeared first on Coin Engineer.

Specifically after declaring bankruptcy, FTX and Alameda Research, transferred significant amounts of cryptocurrency to leading exchanges. The company has conducted transactions with 59 different altcoins valued at a total of 551 million dollars since October 2023.

You may be interested: EOS Network Chart Review and Fiat Analysis.

This transfer, encompassing a portfolio containing various cryptocurrencies, involves altcoins like $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO.

The recent transfer noticed a 10.8 million dollar transfer made to platforms like Wintermute, Binance, and Coinbase. This transfer was distributed among eight different tokens: StepN, Uniswap, Synapse, Klaytn, Fantom, Shiba Inu, Arbitrum, and Optimism.

FTX and Alameda’s transfer on October 24 surpassed 10 million dollars, which was redistributed to Binance and Coinbase accounts. On November 14, 2023, a cryptocurrency transfer worth 24 million dollars drew attention on the Kraken and OKX exchanges.

Despite increasing its asset value above 5 billion dollars, FTX is struggling with a tough debt burden exceeding 8.8 billion dollars. The company and Alameda are making a great effort to advance in liquidations to provide some relief to creditors, as the seriousness of financial difficulties become evident.

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

The post Pay Attention to These Altcoins! FTX Transferred Its Assets! appeared first on Coin Engineer.