Hey VIPs! Kick off your week with Binance Bytes a quick update on key market moves.

🔸 Binance $BTC Buyback Plan

Binance will deploy US$1B from its Secure Asset Fund for Users (SAFU) to purchase BTC within 30 days. Additional BTC buys will occur if the fund’s value drops below US$800M.

💸 Bitcoin Hashrate Decline

A severe US winter storm caused a 12% drop in Bitcoin’s hashrate, now around 850 EH/s—the lowest since Q4 2025. Mining revenue fell to US$34M daily, reflecting tighter miner margins amid the price decline.

🪙 Tether Launches USAT Stablecoin

Tether introduced USAT, a federally regulated, dollar-backed stablecoin compliant with the U.S. GENIUS Act. Issued by Anchorage Digital and managed by Cantor Fitzgerald under CEO Bo Hines, USAT aims to compete with Circle’s USDC.