IOTA Price Resiliently Surges Despite Binance Delisting, Altcoins Maintain Strength

IOTA’s price has surprisingly increased by 1.3% despite being delisted from Binance, which is currently facing regulatory challenges regarding its stablecoin BUSD. Binance made the decision to remove several coins from its platform, including BUSD, after Paxos Trust Company was accused by the SEC of issuing and offering the stablecoin without proper registration. This has led Paxos to cease the minting of new BUSD tokens, creating uncertainty about its future. However, the delisting of these tokens, including IOTA, has not had a significant impact on their prices. In the last 24 hours, IOTA’s price has risen by 1.3% despite a decrease in transaction volume. Other coins, such as ANKR, CVC, EPX, HIVE, KLAY, LRC, MBL, MTL, and UMA, also experienced minor changes in price and transaction volume. Binance has been facing various setbacks recently, including losing trading licenses in several EU countries and having to suspend certain transactions due to legal issues with the SEC and CFTC. Binance has also announced the suspension of trading pairs connected to BUSD and BNB, its native tokens, citing concerns about the stablecoin landscape and the ongoing scrutiny by the SEC. Overall, the future of these tokens and Binance’s stability remains uncertain.