Binance’s SAFU Fund Reallocates $300M Into Bitcoin as Bitcoin Hyper Presale B...
What to Know: Binance’s $300M SAFU purchase signals a shift toward hard assets, creating a ‘risk-on’ environment for the broader crypto market. Bitcoin Hyper merges Bitcoin’s security with the Solana Virtual Machine (SVM), enabling high-speed smart contracts and low-cost transactions. Institutional interest is growing, with whale wallets accumulating $1M in $HYPER tokens as the total raise surpasses $31.3M. The rotation from L1 asset accumulation to L2 infrastructure plays highlights the market’s demand for programmable Bitcoin. Binance’s Secure Asset Fund for....
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Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on. As the liquidity crisis and acquisition of cryptocurrency exchange FTX continues, Binance CEO Changpeng “CZ” Zhao assured his community of insurance of sufficient funds backing the network. In a tweet on Nov. 9, CZ said that the exchange has once again topped its Secure Asset Fund for Users (SAFU) at $1 billion equivalent in light of “recent price fluctuations.”To adjust to recent price fluctuations, #Binance has topped up the #SAFU....
The Bitcoin Hyper ($HYPER) presale continues to heat up, with whales buying $64K worth of $HYPER tokens over the past weekend. This saw the project raise over $16M on its ongoing fundraiser. As a Layer 2 project, Bitcoin Hyper ($HYPER) has the potential to transform the Bitcoin ecosystem and make transactions faster and cheaper, while […]
Binance has announced one of its trademark features, the SAFU fund, has reached a milestone in its development. The SAFU fund, an acronym that stands for “Secure Asset Fund for Users,” has reached the amount of one billion dollars, securing the funds of users in case of a hacking emergency. The exchange, which is one of the pioneers in the establishment of such structures, invited other exchanges to also take similar measures.
SAFU Reaches $1B, Transparency Highlighted
Binance, the leading exchange in volume traded, has announced a milestone regarding its SAFU fund.....
Quick Facts: ➡️ A whale bought $500K worth of Bitcoin Hyper ($HYPER), marking perhaps the biggest sign of confidence yet on the project. ➡️ Whale buys, particularly in early stages, typically precede broader retail interest and exchange listings. ➡️ The whale buy has helped push the Bitcoin Hyper presale to over $27.5M raised. ➡️ Hyper’s […]
Quick Facts: 1️⃣ Bitcoin Hyper ($HYPER) has raised over $26M in its presale, with $239K flowing in over the past 24 hours alone. 2️⃣ The project aims to solve Bitcoin’s long-standing scalability issue by merging Bitcoin’s security with Solana’s Virtual Machine (SVM) speed. 3️⃣ Users can bridge $BTC into the Hyper Layer-2 for sub-second, near-zero-fee […]