Tag: Binance

Franklin Templeton to Let Tokenized Money Funds Back Binance Trades

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Global investment manager Franklin Templeton announced the launch of an institutional off‑exchange collateral program with Binance that lets clients use tokenized money market fund (MMF) shares to back trading activity while the underlying assets remain in regulated custody.  According to a Wednesday news release shared with Cointelegraph, the framework is intended to reduce counterparty risk by reflecting collateral balances inside Binance’s trading environment, rather than moving client assets onto the exchange. ​Eligible institutions can pledge tokenized MMF shares issued via Franklin Templeton’s Benji Technology Platform as collateral for trading on…

Binance SAFU expands Bitcoin holdings with $300M purchase

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Binance, the global crypto exchange serving hundreds of millions of users, added 4,225 Bitcoin, worth around $300 million, to its emergency reserve fund today, bringing total holdings to 10,455 BTC valued at approximately $734 million. #Binance SAFU Fund Asset Conversion progress update. Binance has completed the purchase of 4225 BTC for the SAFU Fund, amounting to 300M USD stablecoins. Our SAFU BTC address now holds 10,455 BTC: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: https://t.co/ZnE2h3ZN7H We’re… pic.twitter.com/IUzdLMPdVI — Binance (@binance) February 9, 2026 The Secure Asset Fund for Users (SAFU), an insurance-like reserve designed to…

Binance SAFU Fund completes third Bitcoin purchase, boosting stash to $410M

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Binance’s Secure Asset Fund for Users (SAFU) purchased an additional 3,600 Bitcoin for approximately $233 million on Friday, bringing its total Bitcoin holdings to 6,230 BTC valued at around $410 million at current market prices, according to on-chain data. Binance targets converting $1 billion of stablecoin reserves in the SAFU fund into Bitcoin in 30 days. The company surpassed 40% of its goal in four days. SAFU, established in July 2018 following a security breach, functions as an emergency reserve to protect user assets in the event of hacks or…

Bitcoin OG Garrett Jin withdraws 80,000 Ethereum from Binance

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Garrett Jin, a prominent crypto trader commonly known as Bitcoin OG “1011short,” withdrew 80,000 Ethereum worth approximately $168 million from Binance on Thursday, according to on-chain data. The transfers took place during a market-wide selloff that pushed most crypto assets lower, with Bitcoin falling below $71,000 and Ethereum dropping under $2,100. The total crypto market capitalization shed 6% to $2.4 trillion, per CoinGecko. Heads up: Garrett Jin(#BitcoinOG1011short) has started buying back $ETH! He just withdrew 80,000 $ETH ($167.8M) from #Binance.https://t.co/LyveMqUKoj pic.twitter.com/K18mvT4aoj — Lookonchain (@lookonchain) February 5, 2026 The move signals…

Binance Shows Stable Reserves Amid ‘FTX 2.0’ Claims: Analysts

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Onchain analysts say the data show no signs of crisis at Binance, even as a wave of online criticism warns the exchange could become the new “FTX.” Despite ongoing market volatility and Bitcoin (BTC) briefly dipping below $74,000 on Tuesday, Binance shows “no signs of stress,” according to the blockchain analytics company CryptoQuant. Source: CryptoQuant “Binance holds around 659,000 BTC, virtually unchanged from 657,000 BTC at end-2025,” CryptoQuant said in a statement shared with Cointelegraph on Wednesday, highlighting “no material reserve erosion during the current Bitcoin sell-off.” Related: Bitcoin ETF…

Binance completes second batch of Bitcoin conversion, acquires $100M in BTC

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Binance has completed the second batch of its Bitcoin conversion for the Secure Asset Fund for Users (SAFU), acquiring an additional $100 million in BTC. The crypto exchange announced the transaction via its official X account, providing the public wallet address and transaction ID for verification. #Binance SAFU Fund Asset Conversion progress update. Binance has completed the second batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address:1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: https://t.co/xm87A7Zd9T We’re continuing to… pic.twitter.com/i3H2cCYYB2 — Binance (@binance) February 4, 2026 Binance launched the…

Binance SAFU Fund buys 1,315 Bitcoin worth over $100 million

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Binance’s Secure Asset Fund for Users, the exchange’s emergency insurance reserve, purchased around 1,315 Bitcoin worth over $100 million today, the exchange said in a statement. #Binance SAFU Fund Asset Conversion progress update. Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address:1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: https://t.co/OdrvSINsRs We’re continuing to… pic.twitter.com/Ue47ayJfbS — Binance (@binance) February 2, 2026 The acquisition marks SAFU’s first Bitcoin purchase in nearly two years. The fund was established in 2018 to protect users against potential hacks…

Binance Begins $1B SAFU BTC Conversion With First $100M Buy

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Binance has kicked off its $1 billion SAFU conversion into Bitcoin with a $100 million purchase, shifting its user protection fund out of stablecoins and into BTC. Crypto exchange Binance has bought its first 1,315 Bitcoin as part of its conversion plan for the Secure Asset Fund for Users (SAFU). The Bitcoin (BTC), worth $101 million, was bought for an average price of $77,409.89 per coin, according to data from Blockchain.com. Binance says it expects to shift the rest of SAFU’s $1B from stablecoins to Bitcoin within the next 27…

CZ Rejects Claims Binance Fueled Historic Crypto Liquidation Crash

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Former Binance CEO Changpeng “CZ” Zhao has pushed back against allegations that the cryptocurrency exchange played a role in the largest liquidation event in crypto history, a sell-off whose effects are still rippling through markets more than three months later. Speaking during a Q&A session on Binance’s social media channels, Zhao denied that Binance was a major contributor to the record wave of forced liquidations on Oct. 10, when roughly $19 billion in positions were wiped out across the crypto market. Zhao described claims that Binance was responsible for the…

Justin Sun says Tron will boost Bitcoin reserves after Binance call

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Justin Sun, founder of the Tron blockchain, said Friday that Tron would increase its Bitcoin holdings in response to Binance’s call. In response to Binance’s call, Tron will also increase its BTC holdings in the future. — H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) January 30, 2026 Binance is converting the SAFU fund’s $1 billion stablecoin reserves into Bitcoin, a decision that reinforces its belief that Bitcoin is the core long-term asset of the crypto ecosystem. The exchange expects to complete the conversion within 30 days, with ongoing rebalancing to restore…