Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Bitcoin Stalls on Boxing Day: Flat at $87K Amid Bearish EMAs – But CCI Signals Buy Dips to $85K for $100K+ Targets 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis 
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
Coinbase unexpectedly suspended trading for six tokens—BOND, DDX, JUP, MULTI, OOKI, and VGX—effective September 6, 2023, after they failed to meet the platform's stringent listing criteria, sparking significant market reactions.
This move marks a significant shift for these assets as they will no longer have access to key services provided by Coinbase, including Simple and Advanced Trade functionalities and the renowned Coinbase Pro, Coinbase Exchange, and Coinbase Prime platforms.
The decision to delist these assets comes as Coinbase strives to uphold the highest quality standards associated with the tokens it lists. A meticulous review of each asset revealed they fell short of the exchange's stringent listing criteria, leading to their suspension.
Coinbase's official announcement states that the trading suspension for these assets will commence on September 7, giving stakeholders approximately two weeks to adapt to the impending changes. The news spread rapidly across various online platforms, garnering thousands of views and likes on Twitter within a remarkably short period.
This period signifies that the affected assets will no longer benefit from certain core services offered by Coinbase, such as Simple and Advanced Trade, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Following Coinbase's announcement, the market witnessed significant price drops for the delisted assets. BOND, DDX, JUP, OOKI, VGX, and MULTI experienced plunges of 5.1%, 24%, 16%, 0.5%, 6%, and 0.7%, respectively.
Multichain, in particular, has compounded its challenges with this delisting. The project has been grappling with ongoing issues, including the arrest of its CEO and the closure of its bridge following a loss of over $109 million in cryptocurrency. A substantial portion of the crypto community perceives MULTICHAIN as an abandoned endeavor.
Market analysts anticipate that the suspension of these assets by Coinbase will have far-reaching effects on their long-term viability and market stability. Traders and investors are advised to reassess their portfolios and adapt their strategies accordingly as the cryptocurrency market landscape evolves.
Photo: Kelly Sikkema/Unsplash
