Crypto Exchange Binance Adds Loanable and Collateral Assets
Binance, the popular crypto exchange, announced on August 4th that it has added twenty-two loanable assets and collateral assets to its Flexible Loan and VIP Loan offerings. This news has sparked speculation about the potential listing of BONE on the platform. BONE is a crucial token for applications built on the layer 2 Shibarium ecosystem, along with SHIB, LEASH, and TREAT. Shiba Inu’s lead, Shytoshi Kusama, stated that BONE will serve as a passport to the future, allowing token delegators to acquire rewards and function as a gas token for Shibarium and its technology governance. Kusama also revealed plans to mint the remaining supply of BONE tokens before renouncing the BONE contract.
Shiba Inu’s Move Towards DeFi
The upcoming launch of Shibarium is expected to help Shiba Inu transition from its memecoin status to become a serious contender in the decentralized finance (DeFi) space. This has led to increased excitement around SHIB, with its price rising by over 5% in the past 24 hours and weekly gains exceeding 10%. BONE has also experienced bullish momentum, with a 25% increase over the past week. This surge can be attributed to the token being listed on various crypto exchanges, including OKX, Crypto.com, and Huobi.
Hot Take
The addition of loanable and collateral assets on Binance, including the potential listing of BONE, showcases the platform’s commitment to expanding its offerings for crypto enthusiasts. Shiba Inu’s move towards DeFi with the launch of Shibarium has also generated significant interest and contributed to the positive price movements of SHIB and BONE. As the crypto industry continues to evolve, it will be interesting to see how these developments impact the overall market and the future of decentralized finance.
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