Binance suspends USDC withdrawals, may it be due to the Hyperliquid craze?

Recently, Binance announced the suspension of USDC withdrawals on the Arbitrum chain, possibly because the trading sentiment of Hyperliquid (HYPE) was too hot. 🤔

Hyperliquid is a decentralized derivatives trading platform, and the genesis event of its native token HYPE will be launched on November 29. Qualified participants will receive 310 million fully unlocked tokens. 🎉

Currently, these tokens are only traded on decentralized exchanges (DEX), and there is no news of listing on centralized exchanges (CEX). 📈

Market sentiment is high, but you still need to remain rational in investing! 💡