As the sun set over the vast expanse of the cryptocurrency market, a sense of relief washed over the traders and investors who had been holding their breath in anticipation of Binance‘s decision regarding the fate of the popular privacy token, Zcash (ZEC). The token, once on the brink of delisting, had been given a second chance, its future now looking brighter than ever.
It was a move that marked a reversal of fortunes for ZEC, which had initially been placed under Binance’s “Monitoring Tag,” a label that signified elevated risk and the possibility of removal from the exchange. But, as the saying goes, “repentance is not a one-time event, but a continuous process.” And so, after conducting a follow-up review, Binance decided to keep the cryptocurrency listed, much to the delight of its loyal followers.
Binance will remove the Monitoring Tag for $ZEC and the Seed Tag for $ENA, $PYTH, $TAO & $W
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— Binance (@binance) July 9, 2025
The news was met with a mix of emotions, ranging from jubilation to skepticism. Some hailed it as a victory for the cryptocurrency community, while others saw it as a temporary reprieve. But one thing was certain – ZEC had been given a new lease on life, and its fate was now in the hands of its users.
As the token was removed from the monitoring tag list on July 9, 2025, a sense of normalcy returned to the market. The tokens with the monitoring tag, which demonstrated significantly higher volatility and risks than other listed tokens, were once again subject to regular reviews, their fate hanging precariously in the balance.
The Binance Saga Continues…
In a related development, Binance announced that it would be removing four tokens from the seed tag list on July 9. The tokens, which represented innovative new projects with higher volatility and risks than other listed tokens, were Ethena (ENA), Pyth Network (PYTH), Bittensor (TAO), and Wormhole (W). It was a move that sparked both excitement and trepidation, as the market waited with bated breath to see how these tokens would fare in the wild.
And so, the drama continues. Binance will conduct periodic project assessments to determine whether its decision on the coins ZEC, Ethena (ENA), Pyth Network (PYTH), Bittensor (TAO), and Wormhole (W) will be sustained. The fate of these tokens hangs in the balance, as the market waits with anticipation to see what the future holds.
In other news, Binance announced that it would be temporarily suspending token deposits and withdrawals on the Polygon (POL) network from 1:00 p.m. (UTC) on July 10, 2025, to support its network upgrade and ensure an optimal user experience. It was a move that sparked a mix of reactions, ranging from frustration to understanding, as the market adjusted to the new reality.
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2025-07-09 18:52