coin-img-ETHETH+0.58%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.58%coin-img-TRXTRX-0.18%coin-img-GRAMTONGRAMTON-1.13%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+0.58%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.58%coin-img-TRXTRX-0.18%coin-img-GRAMTONGRAMTON-1.13%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+0.58%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.58%coin-img-TRXTRX-0.18%coin-img-GRAMTONGRAMTON-1.13%coin-img-HYPEHYPE+2.04%coin-img-ETHETH+0.58%coin-img-BTCBTC+0.72%coin-img-SOLSOL+0.61%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.58%coin-img-TRXTRX-0.18%coin-img-GRAMTONGRAMTON-1.13%coin-img-HYPEHYPE+2.04%

Binance to halt Sophon mainnet deposits and withdrawals on 2026-08-04 as it migrates SOPH to Ethereum; Coinbase to pause AZTEC-PERP on 2026-08-17

AI Market Summary
Binance will halt SOPH deposits/withdrawals on the Sophon mainnet and migrate SOPH to Ethereum (ERC-20) 1:1 from 2026-08-04 08:00 UTC, while keeping trading services unchanged. Separately, Coinbase will suspend AZTEC-PERP trading on 2026-08-17 ~13:00 UTC with auto-settlement, reducing venue liquidity for that contract. The news is idiosyncratic, mainly affecting SOPH access/flows and AZTEC-PERP positioning rather than broad crypto risk.
Impact level
● Medium
Affected assets
SOPH/USDT-3.16%
AI Insight · SOPH/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Binance said it will stop deposits and withdrawals of Sophon (SOPH) via the Sophon mainnet from 2026-08-04 08:00 UTC and migrate the token to Ethereum. Coinbase said it will suspend trading of the AZTEC perpetual contract (AZTEC-PERP) at around 13:00 UTC on August 17. SOPH has fallen 22.74% over the past month to about $0.00389, with a $7.78 million market cap and $2.82 million in 24-hour volume. The changes involve exchange support and a derivatives contract suspension, with no direct price transmission mechanism to traditional financial assets.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Finance

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.