Bitcoin ETF Cash Flow Update: BlackRock gains +$233 million USD Unfortunately, Grayscale sells too much Negative cash flow -$94 million USD, still better than yesterday.
This decision comes after Circle, the issuer of USDC, announced the cessation of USDC minting services on Tron over a month ago. Binance stated that the cessation only applies to USDC on Tron, while deposits and withdrawals of USDC on other networks like Ethereum remain unaffected. Circle didn't specify the reason for discontinuing support but emphasized it's part of their risk assessment and management process for the blockchains they support.
For those who are liquidated, of course it is not good, but many leveraged orders are liquidated and many people take profits which is very necessary for sustainable growth.