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Major crypto exchange Binance is tightening its oversight by adding the Monitoring Tag to four crypto assets. The Monitoring Tag flags selected tokens marked for potential delisting.
The Monitoring Tag list includes specific tokens that exhibit significantly higher volatility and risks compared to other listed tokens.
In an announcement, Binance stated that it will extend the Monitoring Tag to include four crypto assets. The tokens to be added to the Monitoring Tag list are Act I: The AI Prophecy (ACT), Blur (BLUR), PIVX (PIVX), and QuarkChain (QKC).
The tokens ACT, BLUR, PIVX, and QKC will be added to the Monitoring Tag list on June 18 and will be closely monitored, as is the case with other tokens on the Monitoring Tag list. Regular reviews are also conducted.
Tokens with the Monitoring Tag are at risk of no longer meeting Binance's listing criteria and being delisted from the Binance platform. The Monitoring Tag marks one of the final steps before a token is ultimately delisted, which may or may not occur based on Binance's findings. The Monitoring Tag could be removed if Binance deems it appropriate.
Binance usually conducts periodic project reviews to decide if the Monitoring Tag should be added to or removed from tokens based on its latest findings.
Binance news
Binance recently released its 43rd Proof of Reserves report. User BTC holdings rose 4.26% from May 1 to about 630,000 BTC, an increase of 25,838 BTC, while user ETH holdings rose 10.17% to about 4.14 million ETH, up 382,619 ETH. User USDT holdings fell 1.33% to about 34.3 billion USDT, a decrease of about 460 million USDT.
Binance will list Re (RE) and open trading for new spot trading pairs RE/USDT, RE/USDC, and RE/TRY on June 18 at 14:00 (UTC). Withdrawals will open on June 19 at 14:00 (UTC).
Binance has announced support for the Base network upgrade hard fork, which will take place at the block height of 1,782,410,400, or at around June 25 at 18:00 (UTC).
In this regard, on June 25 at 17:00 (UTC), Binance will suspend deposits and withdrawals of tokens on the Base network to support the network upgrade.
U.Today Editorial Team
Dan Burgin
