In recent developments, Binance, the world’s largest cryptocurrency exchange, has taken steps to address regulatory concerns, leading to the delisting of perpetual future contracts for Cardano (ADA). Meanwhile, PepeCoin (PEPE) faces uncertainty following alleged rogue actions, and Borroe introduces innovative solutions to fundraising challenges within the web3 industry.
Cardano (ADA) Delisting and Resilience
Binance made the decision to delist ADA perpetual contracts on August 17, 2023, citing regulatory issues with the United States Securities and Exchange Commission (SEC) as the reason behind this move. As a result, Cardano traders now have access only to quarterly futures contracts on the exchange.
Surprisingly, this delisting did not have a negative impact on ADA prices. In fact, ADA witnessed a 6.70% price increase during the last week of August. Analysts attribute this resilience to several ecosystem developments expected in the third quarter of 2023, with optimistic predictions for ADA’s future gains.
PepeCoin (PEPE) Faces Challenges Amidst Allegations
On August 26, 2023, the PepeCoin community received unexpected news regarding unusual withdrawals from their multi-signature CEX wallets. Reports indicate that three former team members allegedly conducted a “rug pull” by transferring 16 trillion PEPE tokens, valued at $15 million, to various exchanges, including Binance and OKX, on August 24.
Industry experts speculate that Binance may consider delisting PEPE in response to these events. The token’s value plummeted after the news broke, trading at $0.0000010590 on August 24. Analysts suggest that PEPE could face an extended bear market in 2023 unless significant inflows of capital from whales and institutional investors occur.
Borroe’s Innovative Solution in the Web3 Space
Borroe has emerged as a pioneering player in the web3 blockchain space, offering an innovative approach to solving short-term liquidity challenges. Traditional financial institutions on Wall Street often struggle to comprehend the complexities of the web3 industry, making it challenging for related businesses to secure funding.
Borroe addresses this issue as an AI-powered fundraising marketplace, enabling users to raise immediate capital by selling their future earnings. Clients have the opportunity to convert their anticipated digital earnings into sought-after NFTs (Non-Fungible Tokens) and sell them at discounted prices, generating much-needed cash flow.
Currently, Borroe’s native token, ROE, is available at $0.0125 during the ongoing presale stage, with plans to increase to $0.0150 in the next presale phase. The token is expected to list on major cryptocurrency exchanges at $0.040 in the near future.
Borroe’s innovative approach represents a significant step forward in addressing the funding challenges faced by web3 businesses, offering a unique way to access liquidity in the evolving blockchain landscape.
