#Binance suspends some asset lending#

Binance has announced that it will stop offering ten assets as collateral for margin lending, effective January 15, 2025, at 11:00 AM Beijing time. These assets include 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). This means users will no longer be able to use these assets for margin lending, nor will they be able to borrow these assets. The reason behind Binance's decision to stop offering these assets as collateral is unclear, but it could be related to the market liquidity of these assets, risk control, or other factors. This news has raised concerns about Binance's margin lending business and reflects the challenges that the cryptocurrency market faces in terms of regulation and risk control.