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Crypto

Binance to delist 10 margin trading pairs including BTC and ETH, halt 12 spot pairs

Binance will delist 10 margin trading pairs including bitcoin and ethereum at the end of the month, and will also halt trading in 12 spot pairs. The exchange will remove the 10 cross-margin pairs from Binance Margin on Oct. 30 and will close positions, conduct automatic settlement and cancel open orders. Binance will also temporarily suspend Ethereum network deposits and withdrawals for wallet maintenance on Oct. 28.

Crypto

World Liberty stablecoin USD1 market cap falls about $400 million in two weeks

The market capitalisation of World Liberty Financial\'s stablecoin USD1, backed by the Trump family, fell by about $400 million over two weeks. USD1 declined to about $4.02 billion on Oct. 19 from $4.43 billion on Oct. 6, Cointelegraph reported. Onchain Benchmark attributed the drop to concentrated redemptions on Ethereum and BNB Chain. USD1 traded between $0.998 and $1.000 during the period, with no sustained depegging signs.

Crypto

Trump\'s former crypto adviser faces Genius Act conflict-of-interest questions over investment stake

Questions have been raised over whether Bo Hines, a former cryptocurrency adviser to U.S. President Donald Trump, faced a conflict of interest while promoting passage of the stablecoin-focused Genius Act. Reports say Nxum, an investment firm Hines co-founded, received $6.3 million under a contract with stablecoin issuer Tether, with the first payment made while he was in office. Hines is also alleged to have kept in contact with Nxum partners during his White House tenure.