#notcoin Important news today: 📰🗞️
Binance is scheduled to cancel USDⓈ-M DEFIUSDT and MEMEFI perpetual contracts on August 11, 2025, at 09:00 UTC, with automatic settlement at that time. Users are advised to close open positions before the cancellation to avoid automatic settlement, and no new positions can be opened after 08:30 UTC on the same day. This action appears to be part of Binance's routine to maintain high-quality and highly liquid assets, although there are no specific reasons for the cancellation in recent announcements.
Binance announced the cancellation of USDⓈ-M $DEFI USDT and $MEMEFI perpetual contracts, effective August 11, 2025, at 09:00 UTC. All open positions will be automatically settled, and users cannot open new positions starting from 08:30 UTC on that day. Traders are advised to close their positions early to manage risk, as this aligns with Binance's policy of reviewing underperforming contracts and delisting them.