Crypto Chaos: Binance’s Wild Ride with Meme Coins! 🎢💰

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Ah, the brevity of life! TL;DR

  • The company, in its infinite wisdom, has decided to tinker with its loan program—because why not?
  • They’ve also unleashed a horde of perpetual contracts, offering up to 50x leverage, and hinted at the impending doom of certain trading pairs. 🎭

Additional Support for These Tokens

The grand titan of cryptocurrency exchanges, in a moment of sheer audacity, proclaimed on its digital parchment that clients may now utilize the illustrious Official Trump (TRUMP), the ever-elusive Sonic (S), the nutty Peanut the Squirrel (PNUT), the enigmatic Virtuals Protocol (VIRTUAL), the steadfast SSV Network (SSV), the whimsical Defi App (HOME), and the resolute Resolv (RESOLV) as loanable assets on Binance Loans. 🐿️

These tokens, dear reader, are not mere trinkets; they are the very lifeblood of borrowing and collateralizing in this digital bazaar. Two categories emerge: the common folk’s coins and the VIP Loan, reserved for the high-rollers and institutional bigwigs. 💼

Yet, despite this newfound support, our beloved cryptocurrencies languish in the crimson abyss. RESOLV has taken the biggest nosedive, plummeting by a staggering 13% in the last 24 hours. Meanwhile, the meme coins TRUMP and PNUT are down 3% and 4%, respectively—truly a spectacle of financial gymnastics! 🤹‍♂️

This downward spiral aligns perfectly with the broader malaise afflicting the cryptocurrency realm, where the market cap has shrunk to a mere $3.35 trillion. Bitcoin (BTC) briefly flirted with the $103,600 mark, while Ethereum (ETH) valiantly struggles to cling to $2,500. 📉

The Recent Listings/Delistings

In addition to its loan adjustments, Binance has expanded its trading repertoire on Binance Futures. They’ve introduced the MYX/USDT and MYX/FUSDT perpetual contracts, offering a tantalizing 50x leverage. 🎰

These products allow users to wager on the price of the aforementioned cryptocurrency without the burden of ownership—an expiration date? What’s that? 🕰️

MYX Finance (MYX) has responded to this news with a jubilant leap of 12%, reaching the lofty heights of almost $0.10. However, its market cap remains a mere whisper at less than $12 million. 🤑


Conversely, Binance has announced its intention to prune the trading pairs, with CATI/FDUSD, ONE/BTC, and TLM/FDUSD facing the guillotine on June 20. ⚔️

“Fear not, dear traders! The delisting of a spot trading pair does not spell doom for the tokens on Binance Spot. You may still trade the base and quote assets on other available pairs,” the company reassured, with a wink and a nod. 😉

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2025-06-18 15:13