#Binance suspends lending for some assets#

Binance announced that, effective January 15, 2025 at 11:00 AM (UTC+8), it will no longer offer Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR) as borrowable assets for Binance Staking Loans. This move means users can no longer use these assets for staking loan operations. The reason for Binance's discontinuation of these assets as borrowable assets is currently unclear, but it may be due to insufficient liquidity or higher risk associated with these assets. This event has sparked concerns about the safety and liquidity of the Binance platform within the market, and serves as a reminder for investors to carefully select assets when engaging in staking loan operations and to heed platform risk warnings.