BREAKING NEWS:
BINANCE MOVES $1 BILLION SAFU INTO BITCOIN šØ
Binance has officially announced that it will convert its entire $1B Secure Asset Fund for Users (SAFU) into Bitcoin (BTC) over the next ~30 days.
ā ļø Key details: ā¢ SAFU was previously backed mainly by stablecoins
ā¢ Binance is now shifting full reserves into BTC
ā¢ Audits will be conducted during the transition to ensure transparency
š„ Why this is big:
This move signals Binanceās strong confidence in Bitcoin as the ultimate reserve asset, especially during heightened market volatility. It also reinforces Binanceās commitment to user fund security at scale.
š Market participants are closely watching how this shift impacts trust, liquidity, and broader crypto sentiment.
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