"Binance shutting down mining pool" Oct 13, 2026

Binance will shut down Binance Pool and its related services on November 10, 2026, at 7 a.m. UTC, following a review of its products. The closure covers Pool Savings, cloud mining and the transaction accelerator, ending the services together rather than only the pool itself.

Binance advised miners to move their equipment to another pool and redeem Pool Savings positions before the shutdown deadline. Pool pages will remain available to view for 14 days after the closure, but that post-shutdown access does not extend the deadline for moving mining activity or redeeming savings positions.

The episode also cited signs of sharp movements across crypto markets and related products. Binance’s traditional-finance perpetual futures volume increased from about $29 billion in January to $433 billion in August. Crypto liquidations reached $771 million, including about $686 million in long positions, while U.S. spot Bitcoin ETFs recorded $681 million in outflows last week, their worst week since late June.

In the UK, a High Court judge ruled that Chinese law will determine whether fraud victims can claim rights to more than 61,000 Bitcoin seized by London police. The ruling does not decide who owns the Bitcoin: victims must establish a proprietary interest in the assets, rather than simply a right to repayment. The claimant’s law firm said it is appealing, and the Financial Times reported that the decision could improve the UK government’s chances of keeping much of the Bitcoin, valued at around $5 billion.

TD Cowan expects the CFTC’s proposal for leveraged and margined crypto trading to remain unfinished until early 2028. The proposal would require proof-of-reserves audits and give the CFTC authority over state-licensed platforms. Jared Seberg said Russia could invite a court challenge seeking to block the proposal on procedural grounds, leaving its progress potentially vulnerable to litigation.

Blur’s front end will close in November, while its on-chain protocol and token fee switch will continue. Its Blend lending protocol will stop matching new loans on November 12; borrowers must repay by then or allow their loans to default. Blur’s monthly volume peaked near $1.43 billion in March 2023 and was below $7 million three years later, and its token fell more than 20% after the shutdown news.