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Abbas πŸ‘‘πŸΉπŸŽ­

@abbas-z

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Why did KERNEL crypto crash over 40% today? Binance-backed KernelDAO faced a sharp sell-off right after its token KERNEL started trading on Binance following its token generation event. KERNEL’s debut on Binance was met with a swift sell-off as Airdrop recipients offloaded their holdings. The token fell by nearly 44% to a session low of $0.262, bringing its market cap down to $48.6 million. The launch triggered a frenzy of activity, with 24-hour trading volume surging to nearly $380 million. At the time, around 149.8 million KERNEL tokens were in circulation. KERNEL began trading on April 14 with multiple pairs, including KERNEL/USDT and KERNEL/BNB. Beyond spot trading, Binance also rolled out KERNEL across other key services, like Simple Earn, Buy Crypto, Convert, Margin, and Futures with up to 75x leverage. This listing followed Binance’s announcement that KERNEL was the fourth project on its Megadrop platform, which ran from April 9 to April 13.
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Binance will delist spot trading pairs for ACT, PENGU and more Binance warns traders that it will delist multiple spot trading pairs featuring tokens like ACT, ALPHA, BLUR, PENGU and others on April 11. According to a notice posted on April 9, the crypto exchange declared that it will delist multiple spot trading pairs, with a majority of the spot trading pairs being tied to Bitcoin Bitcoin btc -2.25% Bitcoin and Binance Coin BNB bnb -0.16% BNB. Starting from April 11 at 03:00 UTC, Binance will no longer support trading for ACT/BRL, ALPHA/BTC, BLUR/BTC, CELR/BTC, PENGU/BNB, POND/BTC, and RUNE/BNB. At the same time, the crypto exchange will also terminate spot trading bot services for the spot trading pairs mentioned in the announcement. Therefore, traders should update or cancel their spot trading bots that are linked to the pairs before the delisting date to avoid suffering potential losses.
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RedStone Oracles power HyperLend lending protocol on Hyperliquid EVM HyperLend has integrated RedStone’s modular oracle protocol to ensure secure and reliable price feeds for its lending operations. Modular oracle protocol RedStone RedStone red 5.63% RedStone now powers HyperLend, the first lending platform built on Hyperliquid (HYPE) Ethereum Virtual Machine. This integration enables HyperLend to securely operate its lending platform with reliable and accurate price data from RedStone. HyperLend is a lending protocol based on Aave (AAVE), adapted for the Hyperliquid ecosystem. It provides proven, secure infrastructure with features tailored for traders and market makersβ€”real-time leverage, dynamic interest rates, and deep liquidity. The mainnet launched on March 24 on Hyperliquid EVM. The project said that it would use RedStone’s oracle feeds since day one.
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Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets Bitcoin has fallen as much as 12% in the past day, falling below the $75,000 threshold amid Asian and European markets plunge in the aftermath of Trump’s tariff announcement. According to data from crypto. news, BTC Bitcoin btc -7.42% Bitcoin has fallen as low as $74,604 in the past 24 hours. The largest cryptocurrency by market cap has seen its price plummet around 30% below its all-time high price at $108,786, which occurred just three months prior. At press time, Bitcoin has recovered only slightly to $73,793. It has not yet managed to return to levels above $75,000. Its market cap has also suffered from the decrease in price, falling by nearly 8% and losing nearly $67 billion in the process. Bitcoin’s market cap currently stands at $1.48 trillion.
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