Important Binance Update for July 17th
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 10 2024- Binance Maintenance: Binance will suspend deposits and withdrawals for about an hour on July 17 for wallet maintenance, but trading services will continue as usual.
- Delisting Impact: Recent delistings of altcoins by Binance led to significant price drops, similar to the effect seen when Monero (XMR) services were terminated.
- Brief Disruption: All network deposits and withdrawals will be halted temporarily for maintenance, with no further announcements expected from Binance.
- Listing Changes: Binance announced the delisting of BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) without specifying reasons, causing a drop in their prices.
- Market Response: Delisting certain cryptocurrencies can result in substantial price decreases due to reputational damage, reduced liquidity, and investor confidence issues.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
