There is a sharp drop in Солана (SOL) price as exchanges suspend deposits of stablecoins on the Solana network.
Update Nov 17. (17:30UTC): Binance has since жарыялады that deposits of USDT (SOL) token have resumed. However, the price is still down over 6% at the time of writing
Binance жарыялады that they are temporarily suspending deposits of USDC and USDT on the Solana network until further notice. bitmex жана Bybit too suspended the deposits along with Binance.
OKX took one step further ahead and announced to delist үчүн USDC and USDT tokens on the Solana network. The announcement from the above exchanges doesn’t mention any more details.
Update: After internal assessment and review, Binance resumed the deposits of USDT on the Solana network. However, there is not much clarity on USDC.
Why are exchanges suspending the deposits?
Last week, Crypto.com halted the deposit and withdrawals of USDC and USDT on the Solana network. The reason they gave users via email was that they had to work on this step because of “recent industry events.”
The CEO, Kris Marszalek, түшүндүрдү the reason for the suspension that they do not want any additional risks from FTX exposure. FTX was the major bridge for the SOL-based stablecoins.
However, a segment of the community also деп эсептейт that Chinese exchanges are colluding to take down Solana, a competitor to Binance Smart Chain.
Source: https://beincrypto.com/sol-price-freefalls-exchanges-suspend-usdt-usdc-transfers-solana/