Global, May 2025: In a significant move for cryptocurrency market infrastructure, Binance, the world’s largest digital asset exchange by trading volume, has announced a fundamental restructuring of its Secure Asset Fund for Users (SAFU). The company is converting the fund’s reserve holdings from stablecoins to Bitcoin (BTC). This strategic pivot aims to reinforce the long-term […]
Global, May 2025: In a significant move for cryptocurrency exchange security, Binance has announced the conversion of its Secure Asset Fund for Users (SAFU) reserves from stablecoins to Bitcoin. This strategic pivot aims to reinforce the fund’s long-term value preservation and user protection mechanisms, signaling a profound vote of confidence in Bitcoin’s role as a […]
Seoul, South Korea, March 2025: The Bitcoin price experienced a sudden and severe drop on the South Korean cryptocurrency exchange Bithumb today, following a significant operational error by exchange staff. Blockchain analytics firm Lookonchain reported that the incident, which involved the erroneous transfer of 2,000 BTC (approximately $130 million USD at the time) amid an […]
Global, April 2025: In a significant move underscoring its commitment to user security, Binance, the world’s largest cryptocurrency exchange, has allocated an additional $201 million to its Secure Asset Fund for Users (SAFU). According to data from blockchain analytics provider Onchain Lens, this capital was deployed to purchase Bitcoin (BTC), directly bolstering the emergency insurance […]
Global, May 2025: The cryptocurrency community observed a significant on-chain movement this week as Binance, the world’s largest digital asset exchange, conducted a test transfer to its Secure Asset Fund for Users (SAFU). This seemingly minor transaction of 64.811 USDT, first spotted by on-chain analyst ai_9684xtpa, represents the operational precursor to a major strategic shift. […]
Global, April 2025: In a significant move for cryptocurrency market infrastructure, Binance, the world’s largest digital asset exchange, has announced a major restructuring of its Secure Asset Fund for Users (SAFU). The exchange will gradually convert the fund’s entire $1 billion reserve, currently held in stablecoins, into Bitcoin (BTC). This strategic pivot represents one of […]
In a definitive move that underscores the evolving security landscape of digital asset exchanges, OKX founder Star Xu has declared an uncompromising zero-tolerance policy toward account trading, directly addressing a high-profile case involving 40,000 USDT and setting a clear precedent for user verification standards across the cryptocurrency industry. This announcement, made via social media platform […]
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