Binance to Delist BAKE, HIFI & SLF; Project Ascend Unveiled

Published: 2025-09-03 09:38:02 |

Binance will delist BakeryToken (BAKE), Hifi Finance (HIFI) and Self Chain (SLF) on September 17, trimming its token listings. pump.fun has unveiled its Project Ascend update, introducing a dynamic fee V1 model to improve creator revenue by up to 10× and accelerate fee processing. In regulatory news, the SEC and CFTC issued a joint statement to clear spot crypto trading hurdles for registered platforms and invited entities to seek approval for certain digital assets. Meanwhile, Ethereum spot ETFs saw $135 million in net outflows, while Bitcoin spot ETFs recorded $333 million in net inflows. Market movements include spot gold hitting a record $3,510/oz. On-chain data shows WLFI burned 47 million tokens (US$11.34 million) and whales placed multi-million bets on WLFI and BLOCK. ETHZilla plans to deploy $100 million in ETH to EtherFi for restaking. Binance also set thresholds for its Alpha platform: a 245-point minimum for PTB token airdrops and 231 points for BOT TGE participation. Starknet restored operations after a rollback to block 1,962,681. Venus Protocol resumed lending functions and recovered $27 million in user funds. The Ethereum Foundation moved 10,000 ETH to Kraken for sale. Institutional updates feature German custodian Tangany’s €10 million funding round, AI blockchain startup Kite’s $18 million raise, and Figure Technologies’ IPO planning up to a $4.13 billion valuation. Major holders like Morgan Stanley increased Bitcoin ETF exposure by $188 million, CIMG Inc. acquired 500 BTC via equity, and Tron Inc.’s treasury reached $220 million in TRX. SharpLink and Strategy boosted their ETH and BTC reserves amid growing demand for staking and custody solutions. These developments reflect listing policy adjustments, platform upgrades and regulatory progress. Traders should monitor Binance’s token revisions, regulatory approvals for spot crypto trading, ETF flow trends and on-chain token burns to guide crypto trading decisions.

Neutral

Although Binance’s delisting of BAKE, HIFI and SLF may pressure these tokens, the broader crypto market benefits from SEC and CFTC aligning to clear spot trading hurdles, potentially boosting trading volumes. pump.fun’s Project Ascend enhances platform utility and tokenomics. Token burns and whale activity in WLFI suggest bullish fundamentals, while Ethereum spot ETFs saw $135 million in outflows, indicating mixed sentiment. Major institutional investments in Bitcoin ETFs, Tangany’s funding and Figure’s IPO plan reflect growing adoption. These offsetting factors point to a neutral short-term impact, with potential bullish catalysts emerging from regulatory clarity and platform upgrades.