Tag: Binance

“New” Bitcoin Whale Losses Deepen as Binance Inflows Rise

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Bitcoin’s (BTC) price continued to consolidate near $68,000 on Tuesday, but sustained weakness below this level may generate additional sell pressure from the newest cohort of large holders. While the long-term whales remain in profit, short-term whales are sitting on sizeable unrealized losses. One analyst highlighted how this pressure may impact BTC’s price, as other indicators point to a continued downtrend. Key takeaways: The short-term Bitcoin whales are sitting on net unrealized losses of 22% at current prices. The Binance whale inflow ratio climbed to 0.62 from 0.4 in two…

Stablecoin Flows Slow As Binance Consolidates CEX Liquidity

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Stablecoin outflows from centralized exchanges have slowed sharply even as CryptoQuant’s indicators continue to flag weak market conditions, a sign that investor capital is consolidating rather than leaving the sector, the market data provider said. Flows on centralized exchanges (CEXs) have stabilized somewhat, with outflows totaling just $2 billion over the past month, CryptoQuant said in a statement to Cointelegraph on Tuesday. By contrast, late 2025 saw $8.4 billion in outflows at the start of the bear market, highlighting the moderation in redemptions, CryptoQuant’s marketing head Nick Pitto told Cointelegraph.…

Binance Rejects Claims of Iran-Linked Transactions and Staff Firings

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Crypto exchange Binance pushed back against a recent report by Fortune, rejecting allegations that it enabled sanctions-violating transactions tied to Iran and fired compliance investigators who raised concerns. Fortune reported Friday that internal investigators at Binance discovered more than $1 billion in transfers linked to Iranian entities moving through the platform between March 2024 and August 2025. The transactions were said to involve Tether’s USDt (USDT) stablecoin on the Tron blockchain. Citing unidentified sources, the report claimed that at least five investigators, several with law-enforcement backgrounds, were later fired after…

Crypto Needs Privacy To Scale in Payments: Binance Co-Founder CZ

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The lack of privacy for onchain transactions is one of the biggest hurdles to the mass adoption of cryptocurrencies for payments and a medium of exchange, according to Changpeng Zhao, co-founder of the Binance cryptocurrency exchange. The executive commonly known as “CZ” said the lack of privacy prevents businesses and institutions from paying expenses in crypto. He gave this example:  “Lack of Privacy may be the missing link for crypto payments adoption. Imagine a company pays employees in crypto onchain. With the current state of crypto, you can pretty much…

Three Arrested After Binance France Employee Home Break-In

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Update Feb. 13, 1:44 pm UTC: This article has been updated to include a comment from Yi He, the co-founder and chief customer service officer at Binance. Three suspects were arrested in France after a reported break-in targeting the home of a senior figure at Binance’s French unit, with the company confirming to Cointelegraph that one of its employees was the victim of a home invasion. Local outlet RTL, citing anonymous police sources, reported that three hooded individuals carrying weapons attempted to enter an apartment in Val-de-Marne around 7:00 am…

Binance France CEO targeted in chaotic double home attack: Report

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David Prinçay, the CEO of Binance France, became the target of an amateurish commando on February 12, as three hooded men attempted to break into his apartment in Val-de-Marne in Paris, according to RTL. The group first forced entry into the wrong apartment before reaching the CEO’s residence, where they stole two phones upon realizing he was absent. Later that morning, they carried out a second home invasion in Vaucresson, attacking a resident. Police tracked the suspects’ car and stolen devices, following them to Lyon, where the trio was arrested…

Binance opens deposits for Ripple’s flagship stablecoin on XRP Ledger

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Binance has completed its integration of Ripple USD (RLUSD) on the XRP Ledger network, opening deposits for the stablecoin on the platform, according to a Thursday announcement. The exchange said withdrawals will become available once sufficient liquidity has been established. Users can now access deposit addresses through their wallets on the platform. RLUSD is a dollar-pegged digital asset issued by Ripple Labs, designed to maintain a one-to-one value with the US dollar. The stablecoin operates natively on the XRP Ledger and the Ethereum blockchain, providing a regulated, multi-chain solution for…

Binance Completes $1B Bitcoin Conversion for SAFU Fund

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Binance completed the $1 billion Bitcoin conversion for its emergency fund, committing to holding Bitcoin as its core reserve asset. Binance purchased another $304 million worth of Bitcoin (BTC) on Thursday, completing the conversion of $1 billion in Bitcoin for its Secure Asset Fund for Users (SAFU) wallet, according to Arkham data. The fund now holds 15,000 Bitcoin, worth over $1 billion, acquired at an average aggregate cost basis of $67,000 per coin, Binance said in a Thursday X post.  “With SAFU Fund now fully in Bitcoin, we reinforce our…

Binance SAFU Fund completes $1B Bitcoin accumulation

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Global crypto exchange Binance has completed the conversion of its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin. The fund spent over $305 million acquiring 4,545 BTC on Thursday, bringing the total stash to 15,000 BTC worth over $1 billion, according to Arkham Intelligence data. #Binance SAFU Fund Asset Conversion – Final Update Binance has successfully completed the final tranche purchase of 4,545 BTC, finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin. This transition was completed within 30 days of the initial… pic.twitter.com/NJbNPS1b0I…

Franklin Templeton, Binance debut program that allows institutions to use tokenized money funds as trading collateral

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Binance and asset manager Franklin Templeton have launched their first joint product aimed at institutional investors, according to a Wednesday announcement. The new offering, which the two firms have been developing since September 2025, establishes an off-exchange collateral framework allowing institutional traders to use tokenized money market fund shares issued through Franklin Templeton’s Benji platform as trading collateral on Binance. Under the model, clients can keep assets in regulated custody while generating yield and maintaining trading access, said Roger Bayston, who leads Digital Assets at Franklin Templeton, in a statement.…