According to the chain analyst @ai_9684xtpa monitoring, the Binance new coin mining project io.net started at 08:00 today, five giant whale addresses on the chain have borrowed 70,000 BNB (worth 49.59 million US dollars) from Venus and recharged into Binance to participate in mining. At present, Venus' BNB borrowing interest rate is 15.97%, which has dropped significantly compared to the period of Binance's intensive listing of new currencies in March and April (when the average borrowing interest was around 80%). It was previously reported that the 55th phase of the Binance New Coin mining project io.net has accumulated 18.12 million BNB and 1.95 billion FDUSD, and the cumulative number of participants in the double pool exceeds 158,000.