Binance Dumps Altcoins and Crypto Goes Full Drama 🎭💸 What Just Happened?

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TL;DR

  • Binance just ghosted three cryptos-prices nosedived faster than your Monday motivation.
  • Meanwhile, Binance played support hotline bingo with scammers, took a short coffee break halting futures trading, and decided WLFI deserves its time in the spotlight.

Binance Chaos

The Binance Effect (aka Crypto’s Breakup Letter)

So, Binance-a.k.a. the world’s biggest digital coin playground-occasionally swipes left on crypto projects that don’t meet their “Are you serious about this?” criteria.

And this time, the unlucky candidates are BakerySwap (BAKE), Hifi Finance (HIFI), and Self Chain (SLF). On September 17, these tokens will be benched from spot trading, while Binance Spot Copy Trading will kick them out starting September 10. Ouch.

“The spot trading pair(s) of the aforementioned token(s) will be removed. All trade orders will be automatically canceled after trading ceases,” Binance said, basically RSVP’ing “No thanks” to these cryptos.

After September 18, don’t bother depositing these tokens-they’ll just ghost you. Withdrawals? Yeah, those disappear after November 17. So say goodbye like it’s an awkward family reunion.

Unsurprisingly, this kind of breakup sends prices tumbling, liquidity drying up, and reputations hitting the crypto equivalent of a nose dive. BAKE took a 26% nosedive to about $0.05, hitting its lowest-low since 2021. HIFI and SLF didn’t get a better deal, dropping 22% and 23%, respectively.

BAKE Price Chart

Binance also gave a cold shoulder to BABY/EUR, BABY/FDUSD, BMT/BNB, and THE/FDUSD pairs, removing them on September 5. But don’t worry, prices barely noticed.

Latest Binance Adventures (Hold My Beer)

Last week, Binance warned users about a scam so sneaky, it could win an Oscar for “Best Deceptive Plot.” Scammers were making fake support calls to trick people into tweaking their API settings-y’know, handing over the Keys to the Crypto Kingdom.

“What starts as a simple ‘safety check’ turns into a crypto horror story as scammers drain victims’ funds faster than you can say ‘blockchain.’”

Binance CEO Richard Teng took to X (because Twitter retired that name, apparently) reminding everyone they’ll never, ever ask for your password over the phone. That would be like asking for your social security number at Starbucks.

As if the drama wasn’t enough, Binance paused all futures trading for less than an hour due to a tech hiccup-because even giant exchanges need a coffee break.

Oh, and in “new coin coming out of nowhere” news, Binance threw some glitter on World Liberty Financial’s WLFI token. Now you can Play Crypto Bingo with it across their platforms, including trading pairs WLFI/BRL and WLFI/EUR.

Surprise! Despite the hype, WLFI’s price soon took a 9% dip, proving once again that crypto pumps can be faker than your Zoom background.

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2025-09-03 14:50