・Binance added 1,315 Bitcoin worth about $100.7 million to its SAFU insurance fund. ・Binance announced last week that it plans to convert $1 billion in SAFU reserves from stablecoins into Bitcoin.
The crypto exchange finalized a 30-day plan to convert its stablecoin-backed user protection fund into 15,000 BTC, reinforcing bitcoin as its long-term reserve asset.
Bitcoin briefly plunged to $24,000 on Binance’s thinly traded BTC/USD1 pair during holiday trading. A large market sell order wiped out limited buy-side liquidity, triggering a flash crash. Arbitrage ...
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