Binance has completed the final stage of its $1 billion SAFU Fund conversion, fully transitioning the exchange’s emergency insurance reserve from stablecoins into Bitcoin. Summary Binance has completed the $1 billion conversion of its SAFU insurance fund from stablecoins into Bitcoin, bringing total holdings to 15,000 BTC. The final tranche purchase of 4,545 BTC closed…
Cango sells $305M in Bitcoin to reduce loan risk and accelerate its pivot into AI infrastructure while keeping its mining business running. Summary Cango sold 4,451 BTC for $305M to repay a Bitcoin-backed loan and cut leverage. Funds will support AI compute expansion as mining margins tighten and rivals rebrand. The firm keeps mining, holds…
Bitcoin prices traded cautiously after US-listed spot Bitcoin ETFs snapped a three-day inflow streak, adding pressure to an already fragile market structure. Summary Bitcoin traded cautiously near $67,000 after US-listed spot Bitcoin ETFs ended a three-day inflow streak, flipping back to net outflows. ETF flow data points to waning institutional demand, reinforcing fragile market structure…
Strategy is turning to preferred stock to keep buying Bitcoin while easing pressure from market swings. Summary Strategy is issuing more preferred shares to fund Bitcoin purchases. The “Stretch” stock pays an 11.25% variable dividend and aims for price stability. The move targets investors seeking crypto exposure with lower risk. Strategy is expanding its use…
Crypto trading firm BlockFills has temporarily suspended client deposits and withdrawals, citing recent market and financial conditions. Summary BlockFills has temporarily suspended client deposits and withdrawals, citing challenging market and financial conditions, while allowing trading to continue. The halt was implemented last week as Bitcoin experienced sharp volatility, sliding from the low $70,000s to the…
Coinbase stock price retreated by over 5% on Wednesday as traders and investors remained pessimistic about its business ahead of its fourth-quarter earnings report. Summary Coinbase share price is stuck in a bear market after falling from $445 in 2025 to $153. The company will publish its fourth-quarter financial results on Wednesday. Robinhood’s crypto revenue…
ETH’s derivatives market sits between $2,057 and $1,863 liquidation walls, where a single sharp move could trigger nearly $1.4b in forced buying or selling. Summary Coinglass data relayed by ChainCatcher shows shorts face up to $928m in liquidations above $2,057, while longs risk $454m below $1,863 on major CEXs. ETH trades around $1,936–$1,970 on Feb. 11,…
Bitcoin pioneer Erik Voorhees is raising eyebrows across crypto markets after on-chain data showed the longtime “digital gold” advocate moving millions of dollars into gold-backed tokens. Summary Bitcoin pioneer Erik Voorhees has moved $6.81 million into tokenized gold, according to on-chain data, sparking debate among traders over whether the move signals hedging or a strategic…
In its latest Market Byte research note, Grayscale Investments highlights a meaningful shift in Bitcoin’s price behavior. Recent BTC trading patterns resemble growth assets more closely than safe-haven commodities like gold, challenging the long-standing “digital gold” narrative. Summary Bitcoin is trading more like a growth asset than gold, with recent price action closely tracking high-growth…
Goldman Sachs has renewed institutional focus on XRP after disclosing a $153 million investment in XRP ETFs, alongside major allocations to Bitcoin, Ethereum, and Solana. Summary Goldman Sachs disclosed a $153 million investment in XRP ETFs, placing the token alongside its major holdings in Bitcoin and Ethereum and reinforcing XRP’s institutional relevance. XRP is trading…
