This decision is part of Binance’s long-standing policy to maintain high quality and security standards across its listings.

Official Statement from Binance: “Maintaining Platform Quality Is Our Priority”

Binance regularly evaluates the performance and integrity of each listed token and project. The evaluation process considers factors such as:

• The project team’s activity and development progress
• Transparency and quality of communication
• Trading volume, liquidity, and user interest
• Compliance with security standards
• Community contribution and long-term sustainability

In its announcement, Binance emphasized that the delisting decision aims to enhance user protection, preserve market integrity, and minimize risks.

Delisting Process: Trading Ends on November 12, 2025

As stated by Binance, all trading pairs for the following tokens will be suspended at 04:00 (UTC) on November 12, 2025:

• Flamingo (FLM)
• Kadena (KDA)
• Perpetual Protocol (PERP)

Once the delisting is complete, all open orders will be automatically canceled, and users will need to withdraw their tokens from Binance wallets. Binance also noted that it will provide further updates on whether these tokens will remain supported across products such as Airdrops, Staking, Earn, or Convert.

User Notice: Withdraw Your Tokens in Time

Binance strongly urges users to withdraw or convert their holdings before November 12, 2025. After the delisting date, while the assets may still appear in user accounts, trading and conversion functions will be permanently disabled.

In some cases, Binance may offer temporary support for delisted assets through Binance Convert or Binance Earn, but such support is typically limited and time-bound.

Binance Maintains Strict Quality Standards

The delisting of FLM, KDA, and PERP underscores Binance’s commitment to prioritizing high-quality projects and safeguarding investors. The move aims to ensure platform sustainability and long-term trust in the ecosystem. By enforcing strict listing standards, Binance continues to solidify its leadership in transparency, reliability, and compliance within the global crypto market.

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The post Shocking Delisting Decision from Binance: Which Coins Are Being Removed from the List? appeared first on Coin Engineer.

What is Orderly?

Orderly is a unified trading infrastructure developed for decentralized exchanges. It offers the order book model and high liquidity of traditional exchanges entirely on-chain and in a decentralized manner.

Without its own front-end, project serves as a powerful infrastructure layer that other projects can build on. This allows developers to quickly implement their own trading applications with time and cost advantages.

Its long-term goal is to be an omnichain protocol that connects users across both EVM-compatible and non-compatible blockchains into a single shared order book.

Orderly ONE: No-Code Perp DEX in Minutes

Orderly’s new product, Orderly ONE, reduced the perp DEX setup time from weeks to minutes. Previously, the SDK offered to developers shortened the process from 2–3 weeks to 2–3 days. Now, it is possible to launch an exchange in just minutes without writing a single line of code.

This product was developed with the approach of “not just trading on the exchange, but also owning the exchange.” Therefore, it is accessible not only to professional developers but also to content creators, funds, DAOs, community managers, and trader groups.

Ecosystem Contribution and ORDER Token Impact

One of the main advantages of Orderly ONE is that every new exchange adds value not only to its founder but also to the entire ecosystem.

These contributions include:

• Increased buying pressure on the ORDER token

• More protocol buybacks depending on revenue growth

• Expansion of network liquidity

• Alignment of incentives among traders, builders, and token holders

This mechanism ensures that launching new exchanges becomes a process that creates value for the system as a whole, not just individual benefit.

Multi-Chain Support and Scalability

Orderly ONE has a scalable structure that works across different blockchain networks. In the first phase, supported chains include Arbitrum, Solana, Base, BNB Chain, and Abstract, totaling 18 blockchains. According to the company, the number of integrations will be expanded in the future.

Statement from Orderly Director

Ilker Karacan, Country Director of Orderly Turkey, made the following statement about the new product:

“All tools are ready. The infrastructure has proven itself. Now everyone can launch their own exchange, grow their brand, and own their profits. Orderly ONE opens a new page for trading communities and institutions.”

About Orderly

Orderly is an order-book-based trading infrastructure and liquidity layer designed to allow projects and individuals to easily launch omnichain perpetual DEXs without requiring coding knowledge.

• The shared order book provides high liquidity and low spreads.

• 18 different blockchain integrations enable seamless cross-chain trading.

• A user on one chain can easily trade with a user on another chain.

As of today, Orderly powers over 50 DEXs (including WOOFi, Raydium, Aden, Kyrrio, etc.), providing a scalable, enterprise-grade infrastructure for the DeFi ecosystem.

Official Links

• Website
• X (Twitter)

Also, click to read our project review article titled “What is Orderly (ORDER)?”

What Is Orderly Network (ORDER)? 

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The post Orderly ONE Launched: No-Code Perp DEX Setup in Minutes! appeared first on Coin Engineer.

What Is Overlay Protocol?

Built on the Arbitrum blockchain, this protocol offers markets based on non-manipulable and unpredictable numerical data feeds. This makes Overlay unique within the Ethereum ecosystem, providing deep liquidity and eliminating the need for traditional swap mechanisms.

Overlay Protocol Market Types

Overlay aims to offer various markets based on non-manipulable and unpredictable data feeds. These include:

• Non-traditional crypto markets: Hash rate, gas fees, BTC difficulty, NFT floor prices, social tokens, yield rates, etc.
• Non-crypto markets: E-sports and sports, sneaker prices, scalar social-political markets, nature and science markets, etc.

This broad scope allows Overlay to facilitate trading on digital data streams, setting it apart in the DeFi space.

How Does Overlay Offer Markets Without Counterparties?

In Overlay, users build positions directly against the protocol or, more precisely, against all OVL token holders simultaneously. This model provides deep liquidity without requiring liquidity providers or traditional swap-based counterparties. The dynamic minting or burning of OVL tokens is used to manage inflation risk. For more details, refer to the protocol’s official documentation.

Pricing and Oracle Usage

Pricing in Overlay markets is not dynamic in the traditional sense; it relies on data intermittently fetched from oracles. These values are adjusted by built-in protocol mechanisms. Overlay can integrate nearly any oracle, provided the feed is non-manipulable and unpredictable. For instance, Chainlink-like oracles support data streams like the Consumer Price Index (CPI), enhancing the platform’s flexibility.

How Does Trading Work? (Collateral and Profit/Loss)

To open a position in Overlay markets, users must lock OVL tokens as collateral. Profit and loss (PnL) are settled in OVL. If a position is profitable, the protocol mints OVL to pay the user; if it incurs a loss, the locked OVL is burned to the extent of the loss. This dynamic mint-and-burn mechanism supports the platform’s liquidity and community incentives.

Overlay Protocol (OVL) Tokenomics

OVL is the native ERC-20 token of Overlay Protocol, serving two primary functions:

• Trading Participation: Users lock OVL as collateral to open positions in Overlay markets. Profitable positions lead to OVL minting, while losses result in OVL burning.
• DAO Governance: OVL holders can vote on governance proposals, contributing to the community’s development.

Token Details:

• Symbol: OVL
• Initial Supply: 88,888,888
• Maximum Supply: 1,000,000,000 (per certain launch partner requirements; however, the protocol follows a deflationary trend and has no plans to reach this level).

Token Allocation:

• Ecosystem: 42%
• Airdrop: 9%
• Marketing: 8%
• Strategic Partners: 28%
• Overlay Foundation: 13%

Overlay Protocol (OVL) Vesting Schedule

Nature of Contracts

Positions in Overlay markets resemble perpetual futures contracts (perps), with no expiration date or physical delivery, allowing contracts to roll over indefinitely. However, Overlay contracts have distinct features compared to traditional perps. For more details, refer to the protocol’s official documentation.

Governance

Overlay Protocol is governed by the PlanckCat DAO, and in the future, OVL token holders will have voting rights. Voting weights are as follows:

• 1 PCD NFT = 100,000 votes
• 1 OVL token = 1 vote

This balance may change in the future. The PlanckCat DAO enables Overlay contributors to participate in governance through PCD NFTs, playing a central role in decision-making, such as listing or delisting markets and setting risk parameters. Non-PCD NFT holders can still engage in discussions via Discord and the Governance Forum.

How Is Overlay Different?

What Are Perpetual Futures Contracts (Perps)?

Perps are a popular derivative contract type in crypto markets, allowing users to take long or short positions on an underlying asset without owning it, while paying or receiving funding based on market conditions. Unlike traditional futures, perps have no expiration date or asset delivery, rolling over indefinitely. Overlay market contracts share this structure but include unique features.

Oracle-Based Pricing

Overlay uses oracle-based data feeds and native mechanisms for pricing, avoiding centralized limit order books (CLOB) used by traditional exchanges, where prices are based on the last purchase. Other on-chain perp protocols like Perp Protocol and GMX also use oracle-based pricing.

Lack of Traditional Counterparties

Overlay does not require traditional counterparties to take the other side of a position. When a position is closed:

• Profitable positions prompt the protocol to mint OVL for payment.
• Loss-making positions result in the burning of the user’s OVL collateral.

While this carries inflation risk, Overlay mitigates it through risk management mechanisms.

No Limit Orders

Overlay v1 does not support limit orders; only market orders are executable. Traditional CLOB or liquidity pool-based exchanges typically support limit orders.

Funding Rates

Overlay calculates funding rates based on open interest imbalances rather than spot-futures price discrepancies. These rates incentivize users to balance long and short positions, reducing imbalances.

Pricing and Price Impact

Overlay relies on oracle data for pricing, using mechanisms like TWAP (Time-Weighted Average Price), bid-ask spreads, and price impact/slippage. TWAP prevents oracle manipulation, with short (e.g., 10-minute) or long (e.g., 1-hour) TWAPs selected based on price stability. Bid-ask spreads prevent frontrunning of short TWAPs and protect against sudden price spikes. Price impact is adjusted based on order size and market liquidity.

Risk Management: Payoff Caps, Open Interest Caps, and Circuit Breaker

Overlay manages OVL inflation risk with the following mechanisms:

• Payoff Caps: Per-position limits on profit/loss, set by the DAO for each market.
• Open Interest Caps (OI Caps): Per-market limits on total open interest, determined by the community to quantify inflation risk.
• Circuit Breaker: Temporarily adjusts OI caps to cool markets after large payouts, limiting new position sizes.

Overlay Protocol Investors

Protocol has raised $2.22 million, backed by prominent investors such as Polychain Capital, ParaFi Capital, 1kx, The LAO, MetaCartel Ventures, Jets Capital, GTS Ventures, Ben Middleton, and Sky Wee. This strong support underscores the project’s credibility in the DeFi community.

Official Links

• Website
• X (Twitter)
• Whitepaper

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.

The post What Is Overlay Protocol (OVL)? appeared first on Coin Engineer.

What is Binance Vote to Delist?

Binance has introduced a new community governance mechanism to give users more influence in the platform’s decision-making processes. Through the “Vote to List” and “Vote to Delist” systems, the exchange aims to increase community involvement in the listing lifecycle of projects.

As part of its effort to promote transparency and user participation in listing decisions, Binance announced that users can now vote for the projects they want to see listed on the platform through the “Vote to List” feature. At the same time, with the “Vote to Delist” mechanism, users can also vote to remove projects that may no longer meet Binance’s standards.

How Does the System Work and Which Altcoins Are on the List?

Each user can vote for up to 5 different projects in the voting pool. However, each user can only cast one vote per project. To ensure votes are valid, users must be logged in to their verified Binance account and must hold at least 0.01 BNB in their main wallet throughout the entire voting period.

Projects currently up for voting include:
$ZEC, $JASMY, $FTT, $STPT, $ARK, $ARDR, $GPS, $MBL, $PERP, $NKN, $WING, $LTO, $FLM, $BSW, $ALPACA, $VOXEL, $PDA

Voting period: 2025-04-10 04:00 (UTC) to 2025-04-16 23:59 (UTC)

While Binance highly values community input through voting, final delisting decisions will not be based solely on the vote results. Project performance and compliance will continue to be assessed under Binance’s comprehensive evaluation process. The timeline for any delisting decision will follow Binance’s internal procedures.

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The post Binance Announces Second Group of Delist Voting! appeared first on Coin Engineer.

Bitcoin (BTC): Key Levels

BTC/USDT has gained 0.87% over the last 24 hours and is currently trading at $91,933. If the upward trend persists, the next resistance zones are at $91,800 and $93,200. Support levels are observed at $89,000 and $86,000, which could stabilize the price during pullbacks.

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

Ethereum (ETH): ETH/USDT has risen 0.18% in the past 24 hours, trading at $3,130. Resistance levels lie at $3,140 and $3,220, while supports are at $3,060 and $2,090.

Sui (SUI): SUI/USDT shows a 0.47% increase, currently priced at $3.80. Resistance zones are identified at $3.88 and its ATH levels, while supports rest at $3.50 and $3.25 for deeper corrections.

Perpetual Protocol (PERP): PERP/USDT has gained 0.66%, now trading at $0.76. Resistance levels include $0.77 and $0.86, with supports at $0.71 and $0.66.

Ondo (ONDO): ONDO/USDT has seen a strong 8.91% rise, trading at $1.05. Resistance is found at $1.10 and $1.35, while support levels are at $0.92 and $0.82.

Trending Coins:

• Evercraft Ecotechnologies (ECET)
• Hedera (HBAR)
• MANTRA (OM)

Top Gainers:

• Tezos (XTZ)
• Hedera (HBAR)
• Comedian (BAN)

Top Losers:

• Fartcoin (FARTCOIN)
• Department Of Government Efficiency (DOGE)
• michi ($MICHI)

Bitcoin Liquidation Map

In the 12-hour liquidation chart, a significant liquidation zone of $52.43M is observed at the $92,700 level on the upper side. On the lower side, $50.5M liquidation appears at $90,175.

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 Current Status of Bitcoin and Cryptocurrencies – November 19 appeared first on Coin Engineer.

You might also like: Bitcoin Skyrockets: Surpasses $45,000 on ETF Hopes!

Perpetual Protocol, founded by Yenwen Feng and Shao-Kang Lee in 2018, is a decentralized exchange that facilitates crypto trading with perpetual contracts on the Ethereum network and allows users to keep their transaction costs low thanks to the xDai technology.

Perp, the native token of Perpetual Protocol, an important project in the DeFi category, showed a performance of approximately 330% from September 2023 to today. Perp, which started the first week of 2024 with an increase, continues to delight investors.

Is the Perp Rally Starting Soon?

Perp experienced a pullback to $1.0328 after being rejected at the $1.72 level, the upper resistance point of the price range where it accumulated significantly on the weekly chart. Later, with Bitcoin continuing its upward movement, the price gained momentum again and approached the resistance area.

The price, which moved again with the pullback movement it made to the EQ (equilibrium) region of the daily range structure after receiving a rejection from the $1.72 resistance level, is currently trading at $1.47. It can be said that the price is positive as long as it does not lose the intermediate support region of $1.334.

If the upper resistance zone of $1.72 is broken with volume support and then, with the daily closings to come, this resistance level turns into an S&R Flip zone and turns into a support point, a rally is possible for $PERP.

The first area where profits can be taken is the $3.08 level, which is the area where the price may want to go as far as the channel length. Then, the $3.6 level catches the eye as an important resistance area that could hold the price. It is worth reminding that it is important to see high-volume closings and check the market structure before taking a trade.

The post Is a Perp Rally Coming Soon? Here Are Key Levels for Perp! appeared first on Coin Engineer.