Friday, August 28, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

by SB Crypto Guru News
January 31, 2026
in Bitcoin
Reading Time: 3 mins read
0 0
A A
0


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) struggles through a prolonged downturn, cryptocurrency exchange Binance has unveiled a new move aimed at reinforcing confidence in the digital asset sector. Amid this, BTC has fallen 34% over the past four months, a slide that has fueled growing debate over whether the market has entered a new bear phase. 

Against that backdrop of heightened uncertainty, Binance said it intends to take concrete steps to support the broader crypto ecosystem rather than retreat during market stress.

Binance Overhauls SAFU Fund

In an open letter released to the community on Friday, Binance reiterated its view that Bitcoin remains the foundational asset of the crypto market and a store of long‑term value, regardless of short‑term price swings. 

Based on that conviction, the company announced plans to overhaul the composition of its Secure Asset Fund for Users (SAFU). Binance said it will convert the SAFU fund’s existing $1 billion reserves, currently held in stablecoins, into Bitcoin. 

The conversion is expected to be completed within 30 days of the announcement. Going forward, the exchange plans to actively rebalance the fund by monitoring its market value. 

If fluctuations in Bitcoin’s price cause the SAFU fund to fall below $800 million, Binance said it will step in to replenish the balance and restore the fund’s value to $1 billion.

According to the exchange, the decision forms part of a broader, long‑term strategy to continue investing resources into the crypto industry through both favorable and challenging market conditions. 

2025 Protection Metrics

In the same letter, Binance highlighted a series of initiatives it carried out in 2025 to support users, strengthen compliance, and contribute to ecosystem development. 

The company said it assisted users in recovering funds from nearly 38,648 cases of incorrect deposits during the year, returning a total of $48 million. Cumulatively, Binance noted that it has helped users recover more than $1.09 billion to date.

On the risk management front, the exchange reported that it helped 5.4 million users identify potential threats in 2025, preventing an estimated $6.69 billion in losses tied to scams. 

Binance also pointed to its cooperation with global law enforcement agencies, which it said resulted in the seizure of approximately $131 million in illegally obtained funds.

On transparency, Binance said that by the end of 2025, its proof‑of‑reserves showed user assets totaling about $162.8 billion, fully backed across 45 different crypto assets.

In closing, the exchange said it plans to continue addressing market concerns through tangible actions, maintaining a focus on openness, transparency, and long‑term participation in industry development. 

Binance
The 1-D chart shows BTC’s drop toward $83,000 on Friday. Source: BTCUSDT on TradingView.com

As of this writing, BTC is trading at $83,336, marking an 8% decline over the past week. Similarly, Binance Coin (BNB), the exchange’s native token, has dropped 5% during the same period and is currently hovering at around $848 per token. 

Featured image from OpenArt, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

Tags: BillionBinanceBitcoinBitcoin NewsConversionCrypto NewsCrypto UpdatesfundGradualLatest News on CryptoPlansSAFUSB Crypto Guru News
Previous Post

Trump Says New Fed Chair Will Cut Rates After Warsh Nomination

Next Post

Expert Suggests Continued Growth, $35 Target Looms

Related Posts

Genius Group Sets $2B Dual AI And Bitcoin Treasury Target

by SB Crypto Guru News
August 27, 2026
0

Genius Group has announced a new plan to buy bitcoin — just months after selling its entire stash.  The NYSE-listed...

Moonwell Locks Base Borrowing After $8.7M MAMO Attack

by SB Crypto Guru News
August 27, 2026
0

Key TakeawaysAttackers manipulated MAMO oracle prices to drain about $8.7 million in assets from Moonwell.Ecosystem partner Zyfai safely auto-rebalanced user...

MSCI Review Puts the Microstrategy Bitcoin Funding Model Under Pressure

by SB Crypto Guru News
August 27, 2026
0

In MicroStrategy Bitcoin news, MSCI is considering rules that could remove Strategy Inc. from its global equity indexes, potentially adding...

YZi Labs Backs TermMax to Advance On-Chain Bond Market Infrastructure

by SB Crypto Guru News
August 27, 2026
0

Singapore, Singapore, August 27th, 2026, Chainwire TermMax, a fixed-rate lending protocol built by Term Structure Labs, announced on August 26...

Mastercard’s Name Is on the Ripple Hackathon, But Don’t Get Ahead of Yourself

by SB Crypto Guru News
August 27, 2026
0

In XRP news today, XRPL Commons has penciled in the SWELL XRPL Hackathon for October 24-25, 2026, in New York...

Load More
Next Post
Expert Suggests Continued Growth,  Target Looms

Expert Suggests Continued Growth, $35 Target Looms

Solana Price Climbs 3.5% Amid Broader Market Volatility

Solana Price Climbs 3.5% Amid Broader Market Volatility

  • Trending
  • Comments
  • Latest
Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

Why the Founders Winning With AI Agents Aren’t the Ones Automating the Most

August 14, 2026
AVAX Price Prediction: Bears Own This Chart — .98 Is the Next Stop

AVAX Price Prediction: Bears Own This Chart — $5.98 Is the Next Stop

August 16, 2026
How AI Agents Are Deleting the Steep Web3 Tooling Curve

How AI Agents Are Deleting the Steep Web3 Tooling Curve

August 15, 2026
Saylor and Strategy Officially Back CLARITY Act for US Crypto

Saylor and Strategy Officially Back CLARITY Act for US Crypto

July 31, 2026

TON Validators Prepare Node Update Ahead Of Collator Vote

August 22, 2026
How to Track Your Brand’s AI Visiblity in 2026 

How to Track Your Brand’s AI Visiblity in 2026 

August 1, 2026

MSCI Review Puts the Microstrategy Bitcoin Funding Model Under Pressure

0

Treasury Buybacks Spark Opportunity in Long Muni Bonds

0

Knowing Your Values Isn’t Enough — You Have to Live Them

0

Ethereum price outlook turns bullish as ETF inflows support $2,800 target

0

Bitcoin Mining Consumes 30% of Paraguay Energy, Analysts Reveal

0

Genius Group Sets $2B Dual AI And Bitcoin Treasury Target

0

Treasury Buybacks Spark Opportunity in Long Muni Bonds

August 28, 2026

Bitcoin Mining Consumes 30% of Paraguay Energy, Analysts Reveal

August 28, 2026

Knowing Your Values Isn’t Enough — You Have to Live Them

August 27, 2026

Genius Group Sets $2B Dual AI And Bitcoin Treasury Target

August 27, 2026

Big Questions, Big Ideas: Meet the FinovateFall 2026 Keynotes

August 27, 2026

It just got 25 times easier to move self-custody Bitcoin directly onto Wall Street, and $5 billion already has

August 27, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.