Binance announced it will cease support for deposits and withdrawals of Sophon (SOPH) on the BNB Smart Chain network starting August 21 at 08:00 UTC. After this date, any deposits of Sophon via this network will not be credited and may result in asset loss. The exchange also removed several spot trading pairs including APT/BTC, AR/BTC, A/USDC and LPT/BTC on August 14. Binance additionally delisted margin trading pairs for BTTC and POWR on the same date. According to CryptoQuant, Binance’s Bitcoin reserves have reached 667,500 BTC, their highest level since February.
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