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
Bitcoin price extended its decline below $75,000. $BTC is now attempting to recover from $72,850 but faces many hurdles near $76,500. Bitcoin is attempting to recover above $74,000 and $75,000. The price is trading below $79,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,200 on
Binance, the world’s largest cryptocurrency exchange, has taken action for its $1 billion move as Bitcoin ($BTC) experiences successive sharp declines. At this point, Binance also completed a second round of purchases to convert its $1 billion stablecoin reserves in the SAFU fund into Bitcoin. According to Arkham Intelligence data, Binance’s SAFU fund purchased an
Tether has quietly pulled back from plans to raise as much as $20 billion in fresh capital after facing investor resistance to a proposed valuation that would rank the stablecoin issuer among the world’s most valuable private companies, per an FT report on Wednesday. The company, which issues the $USDT stablecoin with over $185 billion
Bitcoin may strongly outperform gold over the next ten years, according to Dan Morehead, CEO of Pantera Capital. He shared this view during a recent talk at the Ondo Summit. His main reason is pretty simple, which is that most large institutions still hold almost no Bitcoin. LATEST: 📈 Pantera Capital CEO Dan Morehead says
Story Highlights Bitcoin slid to $74K as liquidations, weak US stocks, and ETF outflows sparked heavy selling, dragging Ethereum and altcoins sharply lower. Analysts say the crash reflects leveraged liquidations and profit-taking, with markets watching $74.5K support to avoid a deeper correction. Bitcoin price today dropped sharply, falling to the $74,000 level and triggering another
Bitcoin continues to strengthen its position as a long term investment asset, even as institutions largely stay on the sidelines. Pantera Capital CEO Dan Morehead believes this imbalance creates a historic opportunity. He argues Bitcoin will significantly outperform gold over the next decade due to structural demand shifts. Despite Bitcoin’s growing legitimacy, institutional Bitcoin exposure