The post Plus Wallet Leads with Robust Asset Management, Overshadowing Binance Web3 Wallet & Crypto.com News appeared on BitcoinEthereumNews.com.

It’s a bustling week in the crypto world with three different wallets making waves for varied reasons. The new Binance Alpha feature on the Binance Web3 Wallet has seen over 40% of its tokens plummet, causing many to second-guess the platform’s dependability. On a brighter note, Plus Wallet is gaining traction with active traders, thanks to its superior trading tools and seamless cross-chain support that keep them ahead of the curve. To start reaping rewards on every transaction, users simply need to download the app. Meanwhile, Crypto.com is making headlines with the introduction of a CFTC-regulated sports event trading product, allowing U.S. users to make predictions on big events like Super Bowl LIX. Binance Web3 Wallet Faces Scrutiny After Token Value Drops Traders are growing skeptical about investing in projects featured on Binance Alpha, Binance’s Web3 Wallet’s new service that offers early access to newly listed tokens. Unfortunately, over 40% of the 29 newly listed tokens have dramatically dropped in value, with 17 showing gains and 12 seeing a dip in their Fully Diluted Valuation (FDV). Notable tokens like BOB and BANANA have experienced significant drops, leading to a cloud of doubt over the potential of Binance Alpha’s offerings. Analysts are now suggesting that focusing on higher FDV tokens and possibly implementing a delisting mechanism could help the platform maintain its appeal to investors. Crypto.com is stepping into the sports trading ring with a new product that lets U.S. users wager on sports outcomes, including the upcoming Super Bowl LIX. This move, building on the success of event contracts from the presidential elections, introduces a CFTC-regulated platform similar to Crypto.com’s existing setup.  With millions engaging in last year’s Super Bowl betting, Crypto.com aims to draw in fans by offering an engaging new way to interact with sports events. Plus Wallet:…

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Filed under: News - @ December 29, 2024 9:09 pm