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Binance Finalizes $1 Billion SAFU Fund Conversion to Bitcoin

Binance Finalizes $1 Billion SAFU Fund Conversion to Bitcoin

Binance has completed the conversion of its $1 billion Secure Asset Fund for Users into Bitcoin, signaling strong confidence in the cryptocurrency amid ongoing market volatility.
Binance completes final tranche of 4,545 BTC, wrapping up $1B SAFU conversion. SAFU fund now holds 15,000 BTC valued at approximately $1.005 billion. Exchange commits to rebalancing if value falls below $800 million. Binance, the world’s leading cryptocurrency exchange, has successfully finalized the conversion of its $1 billion Secure Asset Fund for Users (SAFU) reserves into…

Crypto Weekly Snapshot – The Crypto Rebound

The crypto market this week was marked by sharp volatility, with a major sell-off erasing significant value before a partial recovery. Bitcoin dominance held at 57%, while Ethereum stayed at 10.1%, and ecosystems like Polkadot and XRP showed relative strength. The week’s dominant story was the crypto market crash, fueled by ETF outflows, macroeconomic pressures, and a broa…

White House Stablecoin Yield Talks End in Impasse as Banks Demand Broader Ban
U.S. crypto and banking executives met at the White House on February 10, but failed to reach an agreement on stableco…
South Korea Intensifies Probe into Bithumb After $43 Billion Bitcoin Fat-Finger Fiasco
South Korea’s Financial Supervisory Service has escalated its inspection of Bithumb into a comprehensive probe followi…

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