This Week in Web3: Binance Delists Tokens, OKX Expands in Europe, and Hyperliquid Innovates!
DeFi Planet
A digital publication on Web3 including Blockchain Technology, Cryptocurrencies, Decentralized Finance (DeFi) and so on.
Binance is making some big moves! This week, the exchange announced plans to delist several tokens after their latest round of reviews. On February 24th, AirDAO (AMB), Clover Finance (CLV), StormX (STMX), and Vite (VITE) will be saying goodbye to the Binance platform. According to them, this is all part of their regular token evaluation process. They want to make sure every asset on their platform is living up to their high standards. If a token is just not cutting it anymore or the market has shifted, Binance won't hesitate to remove it from its platform.
And it's not just the tokens themselves, the related trading pairs are going to be removed, too. No more AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT, or VITE/USDT. Traders have until February 25th to withdraw their holdings. However,? Binance is hinting that token holders might be able to convert their delisted assets into stablecoins after April 25th. So there might be a silver lining after all.
In other news, OKX is making major moves in Europe. The exchange just scored one of the first-ever MiCA licenses, which means they can now offer their services to over 400 million people across 28 European countries. With this regulatory stamp of approval, they can provide a wide range of fully regulated crypto products and services, from OTC trading to spot trading to bot trading. And they've got over 240 crypto tokens and 300 trading pairs, including tons of Euro-based options.
European users can even deposit and withdraw Euros for free through bank transfers, and they can buy crypto using credit cards and other popular local payment methods. They are also offering localized platforms in regional languages, customer support in local tongues, and payment methods tailored to regional preferences. Talk about a seamless experience! CEO Erald Ghoos is hyped about this MiCA license, saying it reflects the company's commitment to offering secure, transparent, and accessible crypto services across the European Economic Area.
Lastly, Hyperliquid is making some major moves of its own. They've officially launched the HyperEVM testnet! This upgrade is all about enhancing the platform's smart contract capabilities while keeping that lightning-fast trading experience. The HyperEVM upgrade brings general-purpose programmability to the Hyperliquid ecosystem, leveraging their HyperBFT consensus for fully on-chain execution. This testnet phase is all about gathering feedback from developers, enhancing the tools, and putting security to the test before the mainnet launch.
Upcoming HyperEVM features include support for ERC-20 token transfers and precompiles. Plus, Hyperliquid's native HYPE token will serve as the gas token, with a new WHYPE system contract to facilitate DeFi apps and seamless spot transfers between Hyperliquid's Layer 1 and HyperEVM. To top it off, Hyperliquid has rolled out a juicy bug bounty program, offering mainnet-level rewards for any vulnerabilities discovered during the testnet phase. Talk about incentivizing security!
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Wizard Web3 Writer | Crypto | Blockchain | Defi | DeGen
4 天前This week's news underscores the need for greater transparency and regulatory clarity in Web3. What steps can the industry take to build more trust and stability?