Binance, the world's largest crypto exchange by trading volume, disclosed this week that the company's mining operations will be sunsetting. The crypto firm said that Binance Pool and related services will officially be discontinued on Nov. 10, 2026. Binance Pool to Shut Down After Six Years and 22,188 Mined Bitcoin Blocks According to mempool.
Bitcoin ended a rough Asian session roughly flat as Korea's Kospi fell 5.5%. Liquidations, ETF flows and Strategy's buying show where the strain sits.
Cheaper GPU computation supports specially prepared QSB spends, while conventional funding signatures and direct miner access limit practical use.
Bitcoin must confirm support after its pullback, while holding the area near $80,000 would strengthen the comparison with its 2023 market structure.
Lightning processed an estimated $1.17 billion across 5.22 million transactions in November 2025, but the figures do not establish mainstream retail adoption.
Strategy's STRC preferred stock closed at $99.88 on Monday, its best finish since May, after the bitcoin treasury giant spent roughly seven times more cash buying shares back over two weeks than it spent on BTC.
Bitcoin price has rebounded toward $84,000 on October 13 despite a steep selloff in South Korean equities, but weak ETF demand and heavy selling orders near resistance have prevented buyers from pushing higher.
Bitcoin ETFs shed 788 BTC and Ether ETFs lost 29,926 ETH in daily net flows, with both products posting net outflows over seven days.
Binance will discontinue Binance Pool and related mining services on November 10, raising questions about Bitcoin's hashrate distribution, miner profitability and potential BTC price impacts.
Bitcoin has remained range-bound in the low-to-mid $82,000s to $83,000s into mid-October 2026, trading with limited directional conviction after failing to deliver the stronger seasonal advances historically associated with the month.
CEO Matt Cole put warrant exercises at $208 million ahead of Tuesday's 5 p.m. ET deadline, as Strive also made its $100 minimum sale price for SATA preferred shares a binding charter rule.
Bitcoin whales are taking advantage of the recent price dip, accumulating thousands of coins as the apex cryptocurrency eyes renewed bullish momentum.