{"id":540079,"date":"2023-06-28T09:56:33","date_gmt":"2023-06-28T09:56:33","guid":{"rendered":"https:\/\/wncen.com\/?p=540079"},"modified":"2023-06-29T09:57:55","modified_gmt":"2023-06-29T09:57:55","slug":"cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/","title":{"rendered":"Cardano Set To Be Delisted On Huobi &#8211; Will It Dent ADA Price?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Cardano (ADA) has found itself in the midst of a regulatory storm as two prominent exchanges in the United States have attracted the attention of the Securities and Exchange Commission. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The SEC has not only focused on these exchanges but has also classified certain altcoins, including Cardano (ADA), as securities. Consequently, ADA has been directly affected by the recent scrutiny imposed by the SEC.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In response to the SEC&#8217;s statements, the team behind Cardano has issued a statement expressing their disagreement with the regulatory body&#8217;s position. However, it appears that the consequences of the SEC scrutiny are starting to manifest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The latest reports indicate that specific Cardano trading pairs will be <a href=\"https:\/\/www.huobi.com\/support\/en-us\/detail\/54942091539365\" target=\"_blank\" rel=\"noopener nofollow\">delisted from Huobi<\/a>, a development that has very little <\/span><span style=\"font-weight: 400\">impact on the price of ADA<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2><strong>Market Reaction And Impact On Cardano (ADA) Price<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Despite the recent news of specific ADA trading pairs being delisted, the market response has been relatively subdued. The current price of <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/cardano\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">ADA on CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> stands at $0.27, reflecting a decline of 1.8% in the past 24 hours. However, it is worth noting that this price movement cannot be solely attributed to the delisting announcement.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-540086\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?resize=1163%2C92\" alt=\"\" width=\"1163\" height=\"92\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=1163 1163w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-150.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: CoinMarketCap<\/pre>\n<p><span style=\"font-weight: 400\">The removal of the ADA trading pair from Huobi has had a minimal impact on the overall price of the token. Despite concerns surrounding regulatory scrutiny and delisting actions, Cardano has managed to maintain a crucial price level. It demonstrates resilience in the face of adverse developments and suggests that market participants are not reacting significantly to the specific delisting news.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/docs.google.com\/document\/d\/1zyKPKK6-vBMQT1CegQmJ_PqFk6s37iJC7z4EiAIb808\/edit\" rel=\"nofollow\">Avalanche (AVAX) Rumbles With 18% Gain \u2013 Is A Trend Reversal On The Horizon?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-540087 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-151.png?resize=860%2C422\" alt=\"\" width=\"860\" height=\"422\"><\/p>\n<pre style=\"text-align: center\">ADA downhill price movement. Source: CoinMarketCap<\/pre>\n<p><span style=\"font-weight: 400\">When considering the broader perspective, Cardano&#8217;s price decline of 0.9% over the past seven days is relatively marginal. This indicates that, despite the delisting news and <\/span><a href=\"https:\/\/watcher.guru\/news\/cardano-excluded-from-prominent-exchange-amidst-sec-scrutiny\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">regulatory scrutiny<\/span><\/a><span style=\"font-weight: 400\">, the market sentiment towards ADA has remained relatively stable. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors and traders have shown confidence in the token&#8217;s ability to withstand challenges and maintain its value, even in the face of negative developments.<\/span><\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"size-full aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/BXXd1iT7\/\" width=\"2315\" height=\"1109\"><\/h2>\n<pre style=\"text-align: center\">ADA market cap currently at $9.6 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><strong>Huobi Removes ADA Trading Pairs As Part Of Strategic Decision<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Huobi, in an official statement, has announced the <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-26\/crypto-exchange-huobi-delists-tokens-using-sun-s-tron-stablecoin\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">discontinuation of various trading pairs<\/span><\/a><span style=\"font-weight: 400\">, including ADA\/USDD, starting from 8:00 a.m. (UTC) on June 29. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The reason provided by Huobi for this action is their dedication to improving the trading experience for users. However, it is important to note that trading ADA with USDT and Bitcoin (BTC) will remain unaffected.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/uniswap-uni-price-rockets-22-is-there-more-fuel-in-the-tank\/?swcfpc=1\"> Uniswap (UNI) Price Rockets 22% \u2013 Is There More Fuel In The Tank?<\/a><\/div>\n<p><span style=\"font-weight: 400\">By considering the recent delisting by Huobi in the context of previous actions taken by the SEC, it becomes evident that ADA is dealing with a challenging regulatory landscape. <\/span><\/p>\n<p><span style=\"font-weight: 400\">These developments raise questions about the future classification and regulatory treatment of ADA within the cryptocurrency market.<\/span><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from <\/span>Hong Kong Lawyer<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) has found itself in the midst of a regulatory storm as two prominent exchanges in the United States have attracted the attention of the Securities and Exchange Commission. The SEC has not only focused on these exchanges but has also classified certain altcoins, including Cardano (ADA), as securities. Consequently, ADA has been directly affected by the recent scrutiny imposed by the SEC. In response to the SEC&#8217;s statements, the team behind Cardano has issued a statement expressing their disagreement with the regulatory body&#8217;s position. However, it appears that the consequences of the SEC scrutiny are starting to manifest.\u00a0 The latest reports indicate that specific Cardano trading pairs will be delisted from Huobi, a development that has very little impact on the price of ADA. Market Reaction And Impact On Cardano (ADA) Price Despite the recent news of specific ADA trading pairs being delisted, the market response has been relatively subdued. The current price of ADA on CoinGecko stands at $0.27, reflecting a decline of 1.8% in the past 24 hours. However, it is worth noting that this price movement cannot be solely attributed to the delisting announcement. Source: CoinMarketCap The removal of the ADA trading pair from Huobi has had a minimal impact on the overall price of the token. Despite concerns surrounding regulatory scrutiny and delisting actions, Cardano has managed to maintain a crucial price level. It demonstrates resilience in the face of adverse developments and suggests that market participants are not reacting significantly to the specific delisting news. Related Reading: Avalanche (AVAX) Rumbles With 18% Gain \u2013 Is A Trend Reversal On The Horizon? ADA downhill price movement. Source: CoinMarketCap When considering the broader perspective, Cardano&#8217;s price decline of 0.9% over the past seven days is relatively marginal. This indicates that, despite the delisting news and regulatory scrutiny, the market sentiment towards ADA has remained relatively stable. Investors and traders have shown confidence in the token&#8217;s ability to withstand challenges and maintain its value, even in the face of negative developments. ADA market cap currently at $9.6 billion. Chart: TradingView.com Huobi Removes ADA Trading Pairs As Part Of Strategic Decision Huobi, in an official statement, has announced the discontinuation of various trading pairs, including ADA\/USDD, starting from 8:00 a.m. (UTC) on June 29. The reason provided by Huobi for this action is their dedication to improving the trading experience for users. However, it is important to note that trading ADA with USDT and Bitcoin (BTC) will remain unaffected.\u00a0 Related Reading: Uniswap (UNI) Price Rockets 22% \u2013 Is There More Fuel In The Tank? By considering the recent delisting by Huobi in the context of previous actions taken by the SEC, it becomes evident that ADA is dealing with a challenging regulatory landscape. These developments raise questions about the future classification and regulatory treatment of ADA within the cryptocurrency market. Featured image from Hong Kong Lawyer<\/p>\n","protected":false},"author":557,"featured_media":540092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84005,142,1144,12332,8686,4735],"class_list":["post-540079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada-price","tag-altcoins","tag-btcusd","tag-cardano","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\n<title>Cardano (ADA) Price Takes A Hit As Huobi Sets Delisting Date<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) has found itself in the midst of a regulatory storm as two prominent exchanges in the United States have attracted the attention of the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano (ADA) Price Takes A Hit As Huobi Sets Delisting Date\" \/>\n<meta property=\"og:description\" content=\"Cardano (ADA) has found itself in the midst of a regulatory storm as two prominent exchanges in the United States have attracted the attention of the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T09:56:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-29T09:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-153.png\" \/>\n\t<meta property=\"og:image:width\" content=\"747\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Cardano Set To Be Delisted On Huobi &#8211; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Set To Be Delisted On Huobi &#8211; Will It Dent ADA Price?","url":"http:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-153.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-153.png?fit=747%2C432"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada price","altcoins","btcusd","cardano","ethusd","price action"],"dateCreated":"2023-06-28T09:56:33Z","datePublished":"2023-06-28T09:56:33Z","dateModified":"2023-06-29T09:57:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Set To Be Delisted On Huobi &#8211; Will It Dent ADA Price?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano-set-to-be-delisted-on-huobi-will-it-dent-ada-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-153.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-153.png?fit=747%2C432\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada price\",\"altcoins\",\"btcusd\",\"cardano\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-06-28T09:56:33Z\",\"datePublished\":\"2023-06-28T09:56:33Z\",\"dateModified\":\"2023-06-29T09:57:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-153.png?fit=747%2C432","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540079"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=540079"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/540079\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/540092"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=540079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=540079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=540079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}