Binance Commits $1 Billion SAFU Fund to Bitcoin: But What Does It Really Mean for Price?
Binance, the world’s largest crypto trade on buying and selling quantity metrics, introduced plans to convert the whole $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the following 30 days. The transfer comes as markets reel from a $1.7 billion crypto liquidation wave and from up to…
