Binance Initiates $1 Billion SAFU Pivot With $100 Million Bitcoin Purchase
Binance completed a $100.7 million Bitcoin purchase, marking the start of a $1 billion asset conversion for its SAFU fund.
The exchange plans to shift its entire emergency reserve from stablecoins to Bitcoin over the next 30 days.
On-chain data confirms the acquisition of 1,315 BTC as the asset traded near $77,000.
Binance has officially launched its strategic transition to a Bitcoin-heavy reserve for its Secure Asset Fund for Users (SAFU)…
US House passes $1.2 trillion funding bill to end partial government shutdown
The U.S. House of Representatives voted 217-214 to pass a $1.2 trillion funding package, ending a partial government shutdown that began on Feb. 1.
The legislation restores funding to major federal agencies, including the SEC and CFTC, through Sept. 30, though the Department of Homeland Security (DHS) only received a short-term extension.
The shutdown had temporarily halted regulatory progress on crypto frameworks, stablecoin rules, and pendin…
Lido Finance launches ‘stVaults’ on mainnet, shifting to modular staking infrastructure
Lido Finance has officially launched stVaults on the Ethereum mainnet, marking a strategic shift from a monolithic product to modular staking infrastructure.
The new framework enables developers and institutions to create bespoke staking environments with customizable node operators and fee structures.
Early adopters and launch partners include Nansen, Linea, and institutional operators like Chorus One and Everstake.
Following the announcement…