It’s important to note that the tokens in these pairs will still be available for trading on other pairs on Binance, but users should be aware that the Spot Trading Bots services for these pairs will also be terminated at the same time. Binance advises users to update or cancel their Spot Trading Bots to avoid potential losses before the cessation of these services.

This delisting process is a part of Binance’s ongoing efforts to maintain a high-quality trading environment for its users. While the removal of pairs may cause some inconvenience, it reflects Binance’s commitment to offering the best trading conditions possible.

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 to Delist Multiple Spot Trading Pairs! appeared first on Coin Engineer.

Market Performance of Sports Tokens

One of the worst-performing baskets of assets available this week is the Sports Token Index, which monitors supporter tokens from prominent European football teams.

Since the tournament started on June 15, the index has drastically fallen; at the time of writing, these tokens‘ total market valuation had dropped by about 12.8%. BTC’s price dropped 3% within the same period; ETH’s cost has risen about 1%.

One can partially explain this dismal performance by considering the general state of the market. However, the sports token index has underperformed three times worse to the downside than the drawdowns BTC has gone through. This clear disparity draws attention to the special fragility of these fan tokens in the present market collapse.

Implications for Fan Tokens’ Future

It is noteworthy that the supporter tokens in this index reflect particular football teams instead of international athletic federations. Still, one would have anticipated these tokens displaying some relative strength during a big football event. After all, football fans have prime time to unite around their preferred teams at the UEFA European Championship, which should theoretically increase the value of connected fan tokens.

That hasn’t been the case, though. The expected increase from the event hasn’t shown up. One should give some thought to the wider consequences of this trend.

Fan tokens‘ general usefulness and investment potential are called into doubt if big athletic events cannot consistently raise the value of associated crypto assets. Issuers and investors should review their plans and expectations as these tokens fight for more and more relevance.

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 Sports Tokens Plunge Despite UEFA Championship Kickoff appeared first on Coin Engineer.

Here’s a comprehensive list of the altcoins with notable token unlocks this week, along with their unlock dates and the amount of tokens to be unlocked:

May 20, 2024:

Braintrust (BTRST): Unlock amount: $2.71 million (1.50% of market cap)
DexCheck (DCK): Unlock amount: $2.38 million (13.25% of market cap)

May 21, 2024:

AltLayer (ALT): Unlock amount: $1.04 million (0.31% of market cap)
Aevo (AEVO): Unlock amount: $4.53 million (5.09% of market cap)
Sei (SEI): Unlock amount: $1.22 million (0.13% of market cap)
Pyth Network (PYTH): Unlock amount: $809.09 million (141.65% of market cap)
bitsCrunch (BCUT): Unlock amount: $2.13 million (19.97% of market cap)
Iron Fish (IRON): Unlock amount: $1.69 million (3.12% of market cap)
Guild of Guardians (GOG): Unlock amount: $1.41 million (1.21% of market cap)

May 22, 2024:

XPLA (XPLA): Unlock amount: $2.69 million (3.28% of market cap)
Mintlayer (ML): Unlock amount: $5.89 million (26.19% of market cap)
Forgotten Playland (FP): Unlock amount: $3.84 million (45.08% of market cap)

May 23, 2024:

Covalent (CQT): Unlock amount: $1.83 million (1.42% of market cap)
Algorand (ALGO): Unlock amount: $5.86 million (0.41% of market cap)
Bonfida (FIDA): Unlock amount: $4.97 million (14.35% of market cap)
Moonwell (WELL): Unlock amount: $3.35 million (4.90% of market cap)
Coin98 (C98): Unlock amount: $4.68 million (2.58% of market cap)

May 24, 2024:

Chainflip (FLIP): Unlock amount: $3.08 million (6.76% of market cap)
Space ID (ID): Unlock amount: $13.79 million (3.46% of market cap)
Ribbon Finance (RBN): Unlock amount: $17.39 million (3.99% of market cap)

May 25, 2024:

Mask Network (MASK): Unlock amount: $2.07 million (0.67% of market cap)
H2O Dao (H2O): Unlock amount: $1.72 million (1.04% of market cap)
Pintu Token (PTU): Unlock amount: $1.55 million (21.27% of market cap)

May 26, 2024:

GateToken (GT): Unlock amount: $52.28 million (7.15% of market cap)
Dogechain (DC): Unlock amount: $1.75 million (11.36% of market cap)

The post 25 Altcoins to Have Massive Token Unlocks This Week: Full List and Schedule appeared first on Coin Engineer.

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According to Whale Alert, which tracks cryptocurrency transactions, a large transfer of 1,782,144 SOL, worth approximately $170,364,121, was made from an unknown wallet to Coinbase, one of the leading cryptocurrency exchanges.

1,782,144 #SOL (170,364,121 USD) transferred from unknown wallet to #Coinbasehttps://t.co/qsbyjvNwmN

— Whale Alert (@whale_alert) February 5, 2024

Shortly after, it was reported that 119,597 SOL, worth $11,436,478, was transferred from Coinbase to a new unknown wallet.

119,597 #SOL (11,436,478 USD) transferred from #Coinbase to unknown new wallethttps://t.co/k4ScR62UYh

— Whale Alert (@whale_alert) February 5, 2024

Solana’s trading volume saw significant growth during the same period, increasing by 18.26% to $1,502,291,564.

According to information provided by CoinGlass on cryptocurrency futures and spot markets, Solana experienced $6.13 million in liquidations in the last 24 hours. Of this liquidation, long positions accounted for $4.33 million, while short positions accounted for the remaining $1.79 million. These figures indicate that interest in Solana and market volatility are increasing.

The post Solana Whales Turn Heads with Their Transactions! appeared first on Coin Engineer.

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Importance of Evmos in the Crypto World

The world of cryptocurrency is a constantly developing field and the events that take place in this field can have significant impacts on the future of projects. Evmos has a structure that stands out as a Layer 1 blockchain project. However, recently, the project has been on the agenda with a decision taken by its former co-founder, Akash Khosla.

Khosla’s Important Decision: Return of 59.4 Million Tokens

Akash Khosla, who left Evmos in the recent process, returned 59.4 million tokens allocated to him, a total of $7.6 million in assets, to the Evmos Foundation. This step can be described as a rare and important milestone for the future of the project in the crypto community.

Ending of Discussions and Reconstruction Process (Evmos)

In the past, news that Khosla had put up for sale a large amount of EVMOS tokens he had in his possession had caused discussions among the project’s community. This situation had caused serious concerns about the future of the project and the fate of the tokens. However, the return step ended the discussions and created a positive atmosphere within the community.

Status of Tokens and Impact on Ecosystem

The tokens returned include both unlocked and tokens still in the locked period. This step aims to strengthen the solidity of the Evmos ecosystem and increase trust in the project. It is expected that the 59.4 million EVMOS tokens returned will be integrated into the ecosystem and shared fairly with the team and contributors.

Hope for the Future

This step is a promising development for the future of Evmos. The project took an important step towards strengthening solidarity and trust within the community. If the community further strengthens the project with this unity and solidarity, it can enable Evmos to step into a successful future.

Conclusion

Even though short-term market fluctuations may occur, Khosla’s return step stands out as a critical step towards strengthening the solidity of the project and solidarity within the community in the long term. With the positive atmosphere brought by this step, Evmos can further strengthen its future potential.

The post Evmos Co-Founder Returns $59 Million in Tokens appeared first on Coin Engineer.