Binance Removes Major Liquidity Pools In BUSD Pairs
Binance, the world's largest cryptocurrency exchange, has announced the removal of certain liquidity pools on its Binance Liquid Swap platform. The affected pools include major cryptocurrencies such as Bitcoin, Ethereum, BNB, Cardano, Polygon, Solana, Shiba Inu, and Dogecoin. The move is part of Binance's strategy to end BUSD stablecoin support by February 2024. Users will no longer be able to add liquidity to the affected pools from October 23, and those holding positions in these pools will receive their deposited assets in their spot wallets by October 27.
More Than 50 Million USDT Transferred From Unknown Wallet to Binance
According to Whale Alert monitoring, at 14:00:24 Beijing time, 50,679,730 USDT was transferred from an unknown wallet to Binance, worth $50,735,477.
Binance Will Support Sei (SEI) and Ronin (RON) Network Upgrades and Hard Forks, and Deposits and Withdrawals Will Be Suspended at That Time
Binance will support the Sei (SEI) and Ronin (RON) network upgrades and hard forks. The specific arrangements are as follows:
The Sei (SEI) project party will conduct a network upgrade and hard fork at block height 34,078,260, expected to take place on October 24, 2023, at 00:00 (UTC+8).
Binance DOT Redemption Will Be Open Soon
According to an official announcement, the lock-up period for the Binance DOT slot auction will end on October 24, 2023. Users will be able to redeem their locked DOT tokens through the DOT slot auction page starting from 2:00 pm on October 26, 2023 (GMT+8).
Binance Liquidity Mining Will Remove BTC/BUSD, ETH/BUSD and Other Liquidity Pools
According to an official announcement on October 20th, Binance liquidity mining will remove the following liquidity pools on October 27th, 2023 at 12:00 (GMT+8):
ADA/BUSD, BNB/BUSD, BTC/BUSD, BUSD/DAI, BUSD/USDT, DOGE/BUSD, ETH/BUSD, FIL/BUSD, GMT/BUSD, HOOK/BUSD, LINK/BUSD, LTC/BUSD, MATIC/BUSD, POND/BUSD, SHIB/BUSD, SOL/BUSD, UNI/BUSD
If users still hold positions in the above liquidity pools, the system will automatically return the assets to their spot wallet on October 27th, 2023 at 12:00 (GMT+8).
Binance Will List BSV 1–50 Times U-based Perpetual Contract
According to an official announcement on October 20th, Binance will launch BSV 1-50x U perpetual contract on October 20th, 2023 at 20:30 (GMT+8).
When BSVUSDT perpetual contract is launched, its funding rate upper and lower limits will be +2.00%/-2.00%; funding fees will be settled every four hours.
Binance Labs Transferred 96.67 Million HOPR to Gateio and 7.5 Million GTM to Binance
According to Lookonchain monitoring on October 20th, Binance Labs (marked by Nansen) transferred 96.67 million HOPR tokens (worth $3.7 million) to Gateio 9 hours ago, and transferred 7.5 million GTM tokens (worth $1.05 million) to Binance.
New Whale 0xd91 Accumulated 6 Million WLD From Binance and OKX
According to Spot On Chain monitoring, the new whale 0xd91 accumulated 6 million WLD (8.81 million USD) with an average price of 1.468 USD from Binance and OKX about 14 hours ago. Amber Group accumulated 500,000 WLD (727,000 USD) with an average price of 1.453 USD from Gate about 19 hours ago. GSR Markets deposited 550,000 WLD (801,000 USD) with an average price of 1.457 USD to Binance and Bybit about 7 hours ago.
Binance Onboards New Fiat Service Providers for Euro Payments
Binance has announced new fiat service providers for euro payments, deposits and withdrawals in Europe. The company has signed agreements with regulated and authorized partners to provide services including EUR deposits and withdrawals via the Single Euro Payments Area (SEPA) network, EUR spot trading pairs and buying and selling digital assets via SEPA, bank cards or fiat balances. This announcement follows the halt of euro services by Paysafe, Binance's former service provider, in September. The new service providers were not named in the announcement and Binance spokespersons have not yet commented.
Binance Announces Euro Payments, Deposits and Withdrawals Agreement with New Euro Fiat Partner
According to a blog post from the official website, Binance is introducing new fiat currency partners to provide euro services to European users. Binance has signed euro payment, deposit, and withdrawal agreements with the new fiat currency partners. Users have already started migrating to these new services. The announcement states that these fiat currency partners provide users with fiat services including: euro deposits and withdrawals through open banking and SEPA/SEPA Instant; buying and selling cryptocurrencies through SEPA/SEPA Instant; buying and selling cryptocurrencies with bank cards; buying and selling cryptocurrencies with legal balance; and euro spot currency pairs suitable for all users.
