$BTC yesterday briefly fell below 75000, and during the spread of various negative sentiments, there are two news items worth paying attention to.
⭐The first is that Binance's SAFU fund has launched a 1 billion rescue plan, with the first transaction already using 100 million US dollars to purchase 1315 $BTC.
In this plan, Binance will convert the entire 1 billion US dollars of the SAFU fund from stablecoins into $BTC, and promises that if the value of the fund falls below 800 million US dollars due to $BTC fluctuations, it will continue to replenish to the 1 billion level.
Binance's 1 billion BTC purchase plan is not just a simple rescue.
It is also sending a signal to the market: Binance has confidence in the long-term value of this industry and is willing to bear the volatility risk. When the market is in panic selling, Binance is firmly stepping in.
This 'I go first' posture is indeed much more substantial than those who merely shout the slogan of 'keep building' without action.
⭐The second is the distribution of returns for the first week of the USD1 financial product.
I deposited about 150,000 USD1 and received a total of 3700 $WLFI .
The annualized return is about 14%.
This return rate is still very attractive in the current market environment. Especially in the case of a significant market drop, stable return products appear even more precious.