Four lesser-known cryptocurrencies have plummeted by double digits over the past 24 hours, and this time the main culprit is not the broader market correction but Binance.<\/p>\n
Meanwhile, the company has faced significant regulatory challenges that could negatively impact its users in the European Union (EU).<\/p>\n
The world\u2019s largest crypto exchange conducted another review to verify that the coins listed on the platform meet the necessary standards and industry requirements. The checklist includes a variety of factors, such as the team\u2019s commitment to the project, network stability, the level of development activity, adequate liquidity, and more.<\/p>\n
As a result, Binance decided<\/a> to terminate all services with Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND). The actual delisting is scheduled for July 10, but the announcement has already caused a major decline for the affected tokens. They have all headed south by double digits, with NFP taking the biggest blow after posting a 21% daily plunge.<\/p>\n <\/a>NFP Price, Source: CoinGecko<\/p>\n Reactions of that type shouldn\u2019t come as a surprise, as losing backing from a market leader like Binance typically leads to thinner liquidity, reduced availability, and reputational damage.<\/p>\n Earlier this month, it delisted<\/a> Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX), which resulted in similar price drops. Prior to that, Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) fared<\/a> even worse after an analogous effort from the exchange.<\/p>\n Perhaps the biggest news surrounding Binance as of late concerns its issues with financial regulators in the European Union. Several days ago, the media outlet Reuters reported<\/a> that the company might seek the necessary MiCA license from another country rather than Greece.<\/p>\n Binance officially addressed<\/a> the issue by saying that it has withdrawn its application with the Hellenic Capital Market Commission (HCMC) in the southern European nation.<\/p>\n \u201cWhen we are ready to announce that Member State, we will do so publicly.\u00a0<\/span>We made this decision after careful consideration of the status and the timeline of the process in Greece, with our users\u2019 interests at the center,\u201d it added.<\/span><\/p>\n The exchange\u2019s CEO Richard Teng stated that it remains committed to securing a MiCA authorization in the coming months, while \u201cproviding clarity, minimizing disruption, and keeping users informed directly.\u201d It is important to note that the deadline for obtaining such a license is July 1, and some of Binance\u2019s competitors, including Kraken and Coinbase, have already met the requirements.<\/p>\n The company assured customers that their assets are safe and promised to unveil further details in due time. Meanwhile, users in other European nations such as Poland, Italy, Spain, and France have reportedly been told<\/a> to withdraw their funds from the platform.<\/p>\n The post Binance Triggers a Brutal Collapse for 4 Altcoins: Here\u2019s How<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Four lesser-known cryptocurrencies have plummeted by double digits over the past 24 hours, and this time the main culprit is not the broader market correction but Binance. Meanwhile, the company has faced significant regulatory challenges that could negatively impact its users in the European Union (EU). The Normal Reaction The world\u2019s largest crypto exchange conducted […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-187748","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/187748"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=187748"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/187748\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=187748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=187748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=187748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Problems in Europe<\/h2>\n
![<\/a>NFP Price, Source: CoinGecko<\/p>\nReactions of that type shouldn\u2019t come as a surprise, as losing backing from a market leader like Binance typically leads to thinner liquidity, reduced availability, and reputational damage.<\/p>\nEarlier this month, it delisted<\/a> Contentos (COS), Dar Open Network (D), Highstreet (HIGH), and MOBOX (MBOX), which resulted in similar price drops. Prior to that, Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS) fared<\/a> even worse after an analogous effort from the exchange.<\/p>\nThe Problems in Europe<\/h2>\nPerhaps the biggest news surrounding Binance as of late concerns its issues with financial regulators in the European Union. Several days ago, the media outlet Reuters reported<\/a> that the company might seek the necessary MiCA license from another country rather than Greece.<\/p>\nBinance officially addressed<\/a> the issue by saying that it has withdrawn its application with the Hellenic Capital Market Commission (HCMC) in the southern European nation.<\/p>\n\u201cWhen we are ready to announce that Member State, we will do so publicly.\u00a0<\/span>We made this decision after careful consideration of the status and the timeline of the process in Greece, with our users\u2019 interests at the center,\u201d it added.<\/span><\/p>\nThe exchange\u2019s CEO Richard Teng stated that it remains committed to securing a MiCA authorization in the coming months, while \u201cproviding clarity, minimizing disruption, and keeping users informed directly.\u201d It is important to note that the deadline for obtaining such a license is July 1, and some of Binance\u2019s competitors, including Kraken and Coinbase, have already met the requirements.<\/p>\nThe company assured customers that their assets are safe and promised to unveil further details in due time. Meanwhile, users in other European nations such as Poland, Italy, Spain, and France have reportedly been told<\/a> to withdraw their funds from the platform.<\/p>\nThe post Binance Triggers a Brutal Collapse for 4 Altcoins: Here\u2019s How<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Four lesser-known cryptocurrencies have plummeted by double digits over the past 24 hours, and this time the main culprit is not the broader market correction but Binance. Meanwhile, the company has faced significant regulatory challenges that could negatively impact its users in the European Union (EU). The Normal Reaction The world\u2019s largest crypto exchange conducted […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-187748","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/187748"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=187748"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/187748\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=187748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=187748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=187748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/NFP-Price.png\"){kind=link}