Binance’s Crypto Drama: 3 Tokens on the Hot Seat 🚒🔥

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So, Binance, the crypto exchange where dreams are made and sometimes broken, has a new update that’s got the crypto world buzzing like a hive of bees on espresso. Starting July 7, 2025, Binance is slapping a “Monitoring Tag” on some tokens, which is basically like putting a big, neon “Caution: High Risk” sign on them. If these tokens don’t shape up, they might be booted off the platform. 😱

According to the latest announcement, Binance is expanding its Monitoring Tag to include more tokens. The unlucky trio this time? BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF). These tokens are about to get a lot of attention, and not in the good way. 🕵️‍♀️

Binance will extend the Monitoring Tag to include $BAKE, $IDEX & $SLF.

— Binance (@binance) July 7, 2025

Tokens with the monitoring tag are like the wild children of the crypto world—highly volatile and risky. They’re under constant surveillance, and if they don’t meet Binance’s standards, they might be shown the door. 🚪

But wait, there’s more! Binance is also shaking things up with some new trading pairs and collateral ratio updates. On July 10 at 8:00 a.m. (UTC), Binance will launch trading for the new JPY pair, LPT/JPY, with zero maker costs from July 10 to August 8. It’s like a Black Friday sale for crypto traders! 🛍️

And if you thought that was it, think again. From July 8 to July 11 at 6:00 a.m. (UTC), Binance will update the collateral ratio for various crypto assets under Portfolio Margin. The update will take about 30 minutes, so you might want to grab a snack. 🍿

The following assets will be adjusted on July 8: VIRTUAL, ONDO, SAHARA, KAITO, Syrup, and KAIA. On July 11, THETA, DYDX, SK, AI, BAKE, and ACE will get their turn in the spotlight. It’s like a crypto makeover, but with numbers and ratios. 🤓

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2025-07-07 17:49