Binance Adds BAKE, IDEX, and SLF to Monitoring List

Following its latest assessment, Binance is adding BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) to its Monitoring Tag list. Tokens with this label are considered highly volatile and risky, and are subject to enhanced scrutiny.

The exchange notes that these tokens may no longer meet listing standards and could be delisted if necessary. This move emphasizes the need for users to be well-informed and cautious when engaging with such assets.

Click to Register to Binance Exchange with 20% Commission Discount!

Mandatory Risk Quizzes Every 90 Days

To access these tokens on Binance Spot or Binance Margin, users must now pass a risk awareness quiz every 90 days and agree to Binance’s Terms of Use. The intention is to ensure that traders understand the risks before interacting with assets flagged by the Monitoring Tag.

These tokens will be visibly marked on the Markets Overview and trading pages, along with a clear risk warning banner to inform and protect users. Binance reiterates its commitment to transparency, community safety, and responsible trading practices.

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 Added These Three Tokens to Its Watchlist! appeared first on Coin Engineer.

You might like: Justin Sun Makes Large Altcoin Withdrawals From Binance

Polygon Labs announced that the first version of AggLayer will be released in February.

The goal is to enable developers to connect blockchains to support unified liquidity. AggLayer will provide uniform security between modular and monolithic chains, including those found in the Polygon ecosystem.

This innovative solution will be a critical component of the next network version, Polygon 2.0. Unlike typical interoperability solutions, AlgLayer will aggregate ZK proofs from all connected chains.

“As a central component of Polygon 2.0, AggLayer will use ZK proofs to create a seamless, collective environment that feels like a single chain, even if each chain in the ecosystem remains independent,” said Polygon Labs.

Polygon will primarily run a Layer 2 network based on sidechains and ZK-Rollups, which includes: Polygon zkEVM

In addition, it also offers a software development kit called AggLayer CDK. Many Layer 2 networks, including OKX, Immutable, Astar, Canto, Palm Network, Aavegotchi, and IDEX, have been developed using this CDK toolkit. AggLayer is expected to facilitate the integration of all these chains within Polygon 2.0.

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.

The post Polygon Labs to Launch AggLayer Project in February! appeared first on Coin Engineer.