Crypto Chaos: Binance’s Shocking Update Will Leave You Speechless! đŸ˜±

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Ah, Binance, the crypto exchange that’s like that friend who always has a new scheme to make you rich—only to leave you wondering if you should have just stuck with your piggy bank. On this fine Saturday, April 12, the exchange has decided to drop a bombshell that has traders clutching their pearls and speculating wildly about the fate of 10 crypto assets. Yes, you heard it right! Ten whole tokens are getting a makeover, and not the kind that involves a spa day. We’re talking about DENT, ENJ, NOT, DASH, CHZ, AXS, ENS, SAND, THETA, and QNT. Who knew crypto could be so… dramatic? 🎭

Binance Updates Collateral Ratio For 10 Crypto Under Portfolio Margin

In a recent announcement that could only be described as a “hold onto your hats” moment, Binance revealed that the collateral ratios for these tokens are about to take a nosedive. Starting April 18 at 06:00 UTC, you’ll be able to see just how much less you can borrow against your beloved crypto. Spoiler alert: it’s not great. Lower collateral ratios mean you can use less of these assets’ value as collateral, which is like being told you can only borrow half the amount of money you thought you could for that dream vacation. đŸ–ïž

So, what does this mean for our dear market participants? Well, it’s like being handed a pair of scissors when you were expecting a full toolbox. Your margin buying power is shrinking faster than your New Year’s resolutions, and you might find yourself forced to make some portfolio adjustments to avoid a financial meltdown. Thanks, Binance! 🙄

Here Are The New Collateral Ratios

But wait, there’s more! Binance also mentioned that this update will affect the Unified Maintenance Margin Ratio (uniMMR). “Users should monitor uniMMR closely to avoid any potential liquidation or losses that may result from the change of collateral ratio,” they said, as if we weren’t already losing sleep over our crypto investments. Thanks for the reminder, Binance! 😅

How Are The Crypto Performing?

Now, let’s talk about how these tokens are faring in this rollercoaster of a market. Despite the impending doom, most of the mentioned crypto tokens are trading in the green, which is a bit like finding a dollar in your old coat pocket. DENT is up by 3%—who knew it could be so generous? ENJ jumped over 2%, and NOT saw a slight 1% increase. Meanwhile, DASH is feeling pretty good at nearly 2% up to $20.69. Who knew crypto could be so… optimistic? 💾

ENS is soaring at nearly 3% to $14.37, while SAND is creeping up by 0.5% to $0.2609. QNT is also feeling fancy with a 2.5% surge, sitting pretty at $65.77. But not all tokens are basking in the sun; CHZ, AXS, and THETA are trading in the red, looking like they just lost a game of Monopoly. Market watchers are keeping a close eye on these tokens, probably with a bowl of popcorn in hand. 🍿

And just when you thought it couldn’t get any more exciting, Binance has announced plans to list ONDO, VIRTUAL, and BIGTIME tokens. Because why not add more chaos to the mix? It’s like throwing a surprise party for your finances—what could possibly go wrong? 🎉

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2025-04-12 13:16