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Binance Completes $1B SAFU Fund Shift to Bitcoin

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Binance to Convert $1B SAFU Fund From Stablecoins to Bitcoin


Binance converts $1 billion SAFU fund fully into Bitcoin, buying 4,545 BTC to finish its reserve overhaul.

Binance announced on Thursday that it has finished converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin, purchasing a final tranche of 4,545 BTC and bringing total holdings to 15,000 BTC.

The exchange’s decision to shift its emergency insurance reserve into BTC rather than a dollar-pegged asset reversed its position from April 2024 and placed roughly $1 billion of user protection funds directly into the cryptocurrency with the largest market cap.

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Conversion Completed Within 30-Day Window

Binance executed the rebalancing in several separate purchases between February 2 and February 12, according to on-chain data monitored by Lookonchain. The final transaction of 4,545 BTC, valued at $304.5 million, brought the total worth of the holding to just over $1 billion based on Bitcoin’s current price around $67,000.

The exchange first announced the conversion plan on January 30, saying the process would conclude within 30 days. However, the completion fell nearly halfway through that window, with the SAFU wallet address, which Binance made public, now holding 15,000 BTC.

The Secure Asset Fund for Users was created in 2018 as an insurance pool to cover user losses in extreme events such as exchange hacks. In April 2024, Binance converted the fund entirely into USDC, describing the move at the time as a stability measure. The completion now marks a full reversal of that approach.

Binance said it views Bitcoin as “the premier long-term reserve asset” and framed the decision as aligning SAFU with that position. The firm also stated it will rebalance the fund if its value falls below $800 million due to price declines.

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Market Context

Back when the move was announced, it drew immediate comment from market observers, with crypto commentator Garrett describing the conversion on X as “a direct capital injection into the market” and “what responsible builders do.”

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The announcement arrived as CryptoQuant data showed Binance accounted for roughly 41% of spot trading volume among the top 10 exchanges in 2025. The exchange also maintains similarly high shares in Bitcoin perpetual futures and stablecoin reserves.

Meanwhile, at the market, the OG cryptocurrency was trading around the $67,300 level at the time of this writing, up slightly by about 0.5% in the last 24 hours, but in the red over seven days after suffering a nearly 5% dip per CoinGecko data.

The situation is the same across longer timeframes, with BTC shedding just under 24% of its value over the past fortnight and nearly 30% in the last month to keep its price more than 46% below its all-time high above $126,000 reached in October 2025.

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CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

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CertiK awarded the “Best Security and Compliance Solution 2026” at SiGMA AIBC

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Web3 security firm CertiK honored for its contribution in web3 security and compliance at the 2026 SiGMA AIBC Eurasia Awards.

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Summary

  • CertiK named “Best Security & Compliance Solution 2026” at SiGMA AIBC Eurasia Awards for advancing crypto safety.
  • CertiK has expanded into the Middle East, offering institutional-grade crypto security from its Abu Dhabi branch.
  • CertiK has partnered with ADGM regulators to provide enterprise security solutions via Skynet.

CertiK, the web3 security services provider, received an award for “Best Security & Compliance Solution 2026” at the SiGMA AIBC Eurasia Awards ceremony on February 10, 2026. 

The award is a recognition of the firm’s efforts in driving the crypto industry towards compliance and institutionalization. The SiGMA AIBC Eurasia Awards, jointly created by SiGMA and AIBC, is an award for the digital technology and innovation industries in the Eurasia region. It focuses on areas such as AI, blockchain, web3, and compliance security, and is well-known across the region. 

Other award winners included web3 companies, including Crypto.com, OKX Wallet, Avalanche, and Cointelegraph.

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The award comes at a time when CertiK has been expanding its presence in the Middle East since the launch of its branch in Abu Dhabi in 2025. According to the firm, it has launched a localized team recruitment drive to address the demand for security services in the Middle Eastern markets. 

The company’s focus in the region has shifted to providing “institutional-level” security services. The goal of this service model is to provide banks, sovereign wealth funds, and large multinational corporations with security measures that meet traditional financial security requirements through advanced engineering capabilities and a tight defense matrix.

Since launching the branch in Abu Dhabi, CertiK has partnered with Abu Dhabi regulators, participated in roundtable discussions on the framework for virtual asset regulatory activities in the Abu Dhabi Global Market (ADGM), and offers services to local regulators via its security platform Skynet Enterprise.

According to CertiK, its services assist regulators in assessing the potential impact of abnormal events on corporate entities and the broader financial ecosystem, and promote the development of security compliance and innovation in the digital economy.

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ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

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ETH ETF Flows, Onchain Volume Signal Recovery To $2.4K

Key takeaways:

  • Ether exchange-traded funds saw $71 million in inflows, signaling strong institutional appetite.

  • Weekly decentralized exchange volume doubled to $20 billion, narrowing the revenue gap with Solana.

Ether (ETH) price failed to sustain levels above $2,000 on Thursday, leaving traders to weigh the potential catalysts for a market turnaround. While optimism has waned since the crash to $1,745 on Friday, both exchange-traded fund (ETF) flows and ETH derivatives metrics are showing early signs of a reversal. 

Traders now question if there is enough momentum for a bounce back toward $2,400.

US-listed Ether ETFs’ daily net flows, USD. Source: Farside Investors

US-listed Ether ETFs recently broke a three-day streak of outflows, attracting $71 million in fresh capital between Monday and Tuesday. Crucially, assets under management have stabilized at $13 billion, which is sufficient to maintain institutional interest. Ether ETFs currently average over $1.65 billion in daily trading volume, a level of liquidity that enables participation by the world’s largest hedge funds.

To put Ether ETFs in perspective, the State Street Energy Select Sector SPDR ETF (XLE US)— the largest in the US energy sector — trades an average of $1.5 billion per day. That instrument tracks a combined $2 trillion market capitalization across companies such as Exxon (XOM US), Chevron (CVX US), ConocoPhillips (COP US), The Williams Companies (WMB), and Kinder Morgan (KMI US).

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ETH metrics and ETF inflows signal potential market recovery

While institutional appetite for Ether ETF trading is a positive indicator, it does not guarantee that demand for ETH derivatives is inherently bullish.

ETH 2-month futures basis rate. Source: Laevitas.ch

On Wednesday, the annualized premium (basis rate) of ETH futures remained below the 5% neutral threshold. This lack of demand for bullish leverage has been a constant theme for the past three months. However, the indicator has stabilized at 3%, even as the ETH price hit its lowest level in nine months. These derivatives markets are displaying moderate resilience, which remains an encouraging sign for Ether investors.

Related: Denmark’s Danske Bank allows clients to buy Bitcoin and Ether ETPs

Ethereum Total Value Locked, USD. Source: DefiLlama

Ether’s price weakness has driven Ethereum’s Total Value Locked (TVL) to $54.2 billion, down from $71.2 billion one month prior, according to DefiLlama data. Reduced deposits in the network’s smart contracts represent a major risk, as lower chain fees diminish the native staking yield. Moreover, Ethereum’s supply burn mechanism remains dependent on excessive demand for blockchain processing. 

Despite these worsening conditions, demand for Ethereum decentralized applications (DApps) has been gradually improving throughout 2026.

Ethereum 7-day DEX volumes (left) vs. DApps revenue (right), USD. Source: DefiLlama

Weekly decentralized exchange (DEX) volumes on the Ethereum network surged to $20 billion, up from $9.8 billion one month prior. This increased activity caused DApps revenue to reach $26.6 million in the seven days ending Feb. 8, providing a healthy indicator of ETH demand. While Solana remained the clear leader with $31.1 million in weekly DApps revenue, the gap between the two networks is narrowing.

Those monitoring Ether price performance exclusively fail to see that ETH onchain metrics and derivatives have displayed resilience, especially as inflows into Ether ETFs resumed. While it might take a couple of weeks for investors to fully regain confidence, there are strong indicators that a near-term rally toward $2,400 is possible.

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