Binance has tightened its scrutiny of some listed tokens, adding four crypto assets to its "monitoring label" list. These include the AI-themed token Act I: The AI Prophecy (ACT), as well as Blur (BLUR), PIVX, and QuarkChain (QKC).
Included in monitoring starting June 18
Binance stated that the aforementioned four tokens were added to its monitoring list on June 18. Projects labeled with this tag are generally considered to have higher volatility and risk than other tokens on the platform and will subsequently undergo more intensive and regular review.
Under Binance's current rules, being placed on a monitoring list does not equate to immediate delisting, but rather means that these tokens are now under stricter observation. If subsequent reviews reveal that they no longer meet listing requirements, the tokens may be removed from the platform; conversely, if the situation improves, the monitoring label may be removed.
Involving 4 types of tokens
The tokens included in this monitoring list include:
- Act I: The AI Prophecy (ACT)
- Blur (BLUR)
- PIVX (PIVX)
- QuarkChain (QKC)
Among them, ACT has attracted more market attention due to its AI theme. BLUR is an NFT trading-related token, while PIVX and QKC are respectively early-stage public blockchain or payment-related crypto projects.
Binance simultaneously updated several arrangements
In addition to adjusting monitoring labels, Binance has recently disclosed several other platform updates. Its 43rd proof of reserves shows that users' holdings of BTC and ETH have increased since early May, while USDT holdings have decreased.
- The user's BTC holdings are approximately 630,000, an increase of 4.26% compared to May 1st.
- Users hold approximately 4.14 million ETH, a 10.17% increase compared to May 1st.
- Users hold approximately 34.3 billion USDT, a decrease of 1.33% compared to May 1st.
In addition, Binance announced the launch of Re (RE) spot trading and the opening of RE/USDT, RE/USDC, and RE/TRY trading pairs. The platform also stated that it will support the Base network upgrade and hard fork, and will temporarily suspend deposit and withdrawal services for Base network tokens on June 25.
