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Binance News
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USDC Treasury Destroys Over 65 Million Coins
According to Odaily, the USDC Treasury has reportedly destroyed 65,025,829 USDC coins. The event took place on May 23rd, at approximately 23:21 Beijing time. The total value of the destroyed coins is estimated to be around 65,058,341 US dollars.
The USDC Treasury is responsible for the issuance and management of USDC coins. The destruction of such a significant amount of coins is a noteworthy event in the cryptocurrency market. The reasons behind this action have not been disclosed yet.
It's important to note that the value of the destroyed coins is based on the current market value of USDC. The actual impact on the market due to this event is yet to be determined. The cryptocurrency market is known for its volatility, and such events can potentially have significant effects on the market dynamics.
🚨 Alrert → Notice of Removal of 4 Spot Trading Pairs - on 2024-05-24 📢
To protect users and maintain a high quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume.
Based on our most recent reviews, Binance will remove and cease trading on the following spot trading pairs:
At 2024-05-24 03:00 (UTC): INJ/TUSD, MEME/TUSD, SNX/ETH, SYN/BTC
Please note:
The delisting of a spot trading pair does not affect the availability of the tokens on Binance Spot. Users can still trade the spot trading pair’s base and quote assets on other trading pair(s) that are available on Binance.
Binance will terminate Spot Trading Bots services for the aforementioned spot trading pairs at 2024-05-24 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Spot Trading Bots prior to the cessation of Spot Trading Bots services to avoid any potential losses.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.