08-02 21:23 Saturday
PORTAL -1494.25% in 7 Days Amid Regulatory Scrutiny and Platform Delistings
The decentralized finance (DeFi) platform Portal has faced regulatory scrutiny over the past 7 days, leading to its delisting from multiple exchanges. The platform, which had gained traction for its cross-chain interoperability solutions, saw its native token drop by 25% amid the uncertainty. While Portal has not received any formal charges, the increased regulatory attention has raised concerns among investors about potential compliance risks. Several major exchanges, including those in the U.S. and Europe, have preemptively removed Portal’s trading pairs, citing caution over unclear regulatory guidance. The team behind Portal has assured users that they are engaging with regulators to clarify the situation.
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