Day: February 9, 2026

Bitcoin miner Cango has sold 4,451 Bitcoin on the open market, generating net proceeds of about $305 million it says were used to partially repay a Bitcoin‑collateralized loan and to strengthen its balance sheet.  The company said Monday that the transaction, approved by its board after a review of “current market conditions,” is intended to reduce financial leverage and provide additional capacity to fund its planned expansion into artificial intelligence (AI) and high‑performance computing (HPC) infrastructure. Cango said that the “strategic pivot” meant utilizing its “globally accessed, grid-connected infrastructure” to…

Binance added another $300 million worth of Bitcoin to its emergency reserves on Monday, continuing its experiment with a Bitcoin-backed protection fund as markets remain under pressure. Binance bought another 4,225 Bitcoin (BTC) worth $300 million for its Secure Asset Fund for Users (SAFU) wallet, which holds its emergency reserves, according to blockchain data platform Arkham. The acquisition lifts the fund’s Bitcoin holdings to more than $720 million at current prices. “We’re continuing to acquire #Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days…

Ethereum co-founder Vitalik Buterin drew a clear boundary around what he considers “real” decentralized finance (DeFi), pushing back against yield-driven stablecoin strategies that he says fail to meaningfully transform risk.  In a discussion on X, Buterin said that DeFi derives its value from changing how risk is allocated and managed, not simply from generating yield on centralized assets.  Buterin’s comments come amid renewed scrutiny over DeFi’s dominant use cases, particularly in lending markets built around fiat-backed stablecoins like USDC (USDC).  While he did not name specific protocols, Buterin took aim…