Upbit Flags SOPH as Trading-Warning Asset Amid Liquidity Concerns

South Korea's largest crypto exchange, Upbit, has flagged Sophon (SOPH) for review and suspended deposits due to transparency concerns.

This move is significant as it highlights ongoing challenges in the crypto market. Upbit cited issues surrounding token circulation and disclosure as reasons for its decision.

Concurrently, Binance announced that it would remove seven USDC trading pairs on September 25, citing liquidity issues.

The delisting of these pairs may lead to further adjustments in trading strategies, particularly among traders who hold or plan to trade the affected assets.