Binance will shut down mining pools and related services on November 10, 2026

Alex Thorn, research director at Galaxy Research, pointed out that the weakening of Bitcoin in October was affected by weak increases in corporate reserves and net outflows of spot ETFs. As of October 18th, the selling pressure of long-term holders exceeded the institutional commitment, with a cumulative net value of negative 127300 BTC during the year. The cumulative net inflow of US spot Bitcoin ETFs within the year is approximately $355 million, with a slight net outflow since October.

Parliament passed a law taxing crypto withdrawals above deposits rather than individual trades, featuring a one-time declaration mechanism.

Binance will shut down mining pools and related services on November 10, 2026 at 3:00 PM (UTC+8), including Pool Savings, cloud mining, transaction accelerators, mining pool APIs, and computing power alarm functions. Miners need to complete device migration before then. After the deadline, new shares and computing power submissions will no longer be accepted or recorded. Users need to handle their existing savings positions and ensure that their accounts can receive outstanding rewards and refunds. This adjustment does not affect Binance's Bitcoin trading business and spot trading business.

Binance XMR is currently priced at $584.16, with a 24-hour increase of 6.73%. 24-hour transaction volume of 200 million US dollars, an increase of 141.5%, for reference only

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