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Two Solana (SOL)-based memecoins are going parabolic after earning sudden support from Binance, the world’s largest crypto exchange. Binance announced spot trading support for Act I:The AI Prophecy (ACT), triggering more than a 2,224% explosion early on Monday. ACT is trading for $0.486 at time of writing, up from its 24-hour low of $0.0191. With a market cap of $456 million, ACT is already the 183rd largest crypto project. The exchange also announced the listing of memecoin Peanut the Squirrel (PNUT), also a Solana-based coin. PNUT is trading for $0.39 at time of writing, up 320.8% in the last 24 hours with a market cap of $390.7 million. Binance is applying a seed tag to ACT and PNUT, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens. The exchange requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the to...

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Coinbase, a leading crypto exchange in the United States, has announced that it will be listing the Bonk (BONK) token , a dog-themed token on the Solana blockchain. Over the last month, BONK has experienced a substantial 350% increase in value, propelling it to the top spot among dog-themed cryptocurrencies. Assets placed on Coinbase’s roadmap reflect the exchange’s decision to list these assets in a move aimed at bolstering transparency through the balanced dissemination of information, according to the exchange. Asset added to the roadmap today: Bonk (BONK)https://t.co/rRB9d3hSr2 — Coinbase Assets ️ (@CoinbaseAssets) December 13, 2023 Nevertheless, Coinbase advises against depositing these nascent assets to prevent the risk of permanent fund loss until there is a formal announcement about the full listing . You might also like: Bonk Inu unveils BonkSwap, its native decentralized exchange on Solana BONK is similar to other canine-inspired meme coins...

Crypto exchange Binance has tightened its listing policy as the number of listed trading instruments declined by 21% in 2023, Kaiko reports. According to a new report published by Diving Into DEXs, Binance is now taking an accelerated approach delisting entities in a rapid pace after its founder and former chief executive Changpeng Zhao settled a $4.3 billion case with U.S. regulators for, among other things, operating an unlicensed exchange. Analysts at Kaiko admitted that Binance was not the only crypto exchange in 2023 to scale down its listing offerings as Coinbase and OKX have delisted some instruments. In the meantime, U.S.-based crypto exchange Kraken, on the contrary, slightly increased the number of supported cryptocurrencies, according to Kaiko data. Number of listed cryptocurrencies on Binance vs Binance.US, Coinbase, Kraken and OKX | Source: Kaiko You might also like: Newly published DoJ document reveals Binance’s supervision requirements In mid-October...

Due to UAE's National Day, Phoenix Group’s public trading launch on the Abu Dhabi Securities Exchange has been moved to Dec. 5, 2023. Cryptocurrency mining firm Phoenix Group is preparing for its public trading launch after seeing a significant oversubscription during the pre-market sale on Nov. 21. Phoenix’s public trading launch will be delayed as the firm has revised the date for its forthcoming initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). According to an announcement on Nov. 28, the crypto mining firm expects to list its shares on Dec. 5 instead of Dec. 4, 2023, due to public holidays declared for the United Arab Emirates National Day. Celebrated on Dec. 2, the UAE National Day commemorates the formation of the UAE. The Ministry of Human Resources and Emiratization marks Dec. 2, 3, and 4 as public holidays for the private sector. “To honor this occasion and ensure comprehensive participation in the IPO, Phoenix Group has rescheduled its listing ...

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain token s that it is actively evaluating for potential listing . This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading volume, liquidity, and compliance with U.S. regulations, as well as the level of community engagement surrounding the asset. You might also like: Friend.tech targeted by scammers in phishing ad campaign Token in the Spotlight: Sui Currently, Binance.US has set its sights on the Sui token (SUI), a prospective new addition to its platform. Sui ...