The cryptocurrency market started the week with a downturn as Bitcoin (BTC) slipped from $66,000 to below $64,000. Altcoins followed suit, though some are defying the trend. One such standout is EigenLayer (EIGEN), which saw a price surge after Binance announced it would be listing the token. Additionally, Binance released important updates for 10 other altcoins, sparking investor interest.
Binance to List EigenLayer (EIGEN)
As reported by The Bit Journal, Binance, the world’s largest cryptocurrency exchange, will add EigenLayer (EIGEN) to its listings on October 1, 2024, at 06:00 (UK time). Alongside the listing, Binance will introduce trading pairs for EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD. Users can already start depositing EIGEN in preparation for trading, and withdrawals will be available starting October 2 at 06:00 (UK time).
EIGEN Futures Jump by 8.46%
Following the listing announcement, EIGEN futures saw a sharp 8.46% increase, reaching $4.44 in just 24 hours. This upward movement has attracted significant attention, with the token’s contracts currently trading around $4.14, signaling strong market momentum.
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Binance Updates Leverage for 10 Altcoins
In addition to the EigenLayer listing, Binance announced leverage and margin updates for 10 altcoins. These updates, which took effect on September 30, 2024, at 09:30 (UK time), apply to U-margined perpetual contracts for tokens like NEARUSDT, OMUSDT, SUIUSDT, and 1000PEPEUSDT, among others. This move is expected to impact trading volumes and strategies for these altcoins.
CZ’s New Ventures in Tech and Philanthropy
In a separate development, Changpeng Zhao (CZ), the founder of Binance, shared his future plans after his recent release from a Californian correctional facility. Through social media, CZ outlined his focus on tech innovations and social impact, particularly in education and philanthropy. He highlighted projects like the Giggle Academy, a nonprofit initiative offering accessible learning opportunities, as part of his long-term commitment to blockchain, AI, and biotechnology.
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