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’s on-chain loss metrics hit levels comparable to 2022’s Luna collapse, though at higher price points, signaling late-cycle capitulation rather than systemic crash. Summary Bitcoin’s Net Realized Profit/Loss metric entered deeply negative territory on Feb. 7, marking the second deepest level in history after June 2022’s Luna/UST collapse The 7-day moving average of realized losses…
The privacy-focused blockchain Midnight saw renewed market interest this week after Cardano founder Charles Hoskinson announced key developments at the Consensus Hong Kong conference. Summary Midnight gained attention after Charles Hoskinson confirmed a late-March mainnet launch and cited collaborations with Google and Telegram at Consensus Hong Kong. The project is positioned as a selective-disclosure privacy…
Hyperliquid price bounced from $28 support as large buyers stepped in and tightened circulating supply. Summary HYPE trades at $30.29, holding above key support after a failed breakdown attempt. Whale purchases, including Arthur Hayes and PURR’s 5M HYPE buy, reinforce the $26–$28 zone. Technical setup points to $35–$40 if $32 and $35 resistance levels break,…
Bitwise CEO reveals wealth management client invested $11M in Bitcoin during recent market correction, marking their first crypto purchase after two years. Summary Bitwise CEO Hunter Horsley disclosed that a wealth management client invested $11 million in Bitcoin during the recent cryptocurrency market correction The client had been in contact with the asset management firm…
PIPPIN price has shot up nearly 200% over the past week, driven by sharp demand from futures traders. Is the meme coin set to see more gains, or will it crash? Summary PIPPIN price rallied 200% over the past week, primarily driven by a spike in speculative trading. The meme coin has confirmed a rounded…
BNB Chain’s real-world assets surged 555% in Q4 2024 as institutions tokenized funds and stocks, even as BNB’s market cap and DeFi TVL faced volatility. Summary Real-world asset value on BNB Chain climbed 555% year over year in Q4 2024, making it the second-largest RWA network behind Ethereum. Institutional players tokenized money market funds, U.S….
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…
Hedera price has been in a downtrend since early January as investor demand dropped due to declining network metrics and a broader crypto market fallout. Summary Hedera price is down 30% over its yearly high. Declining network activity and revenue have weighed on investor demand. Technical signals seem to portray a short-term bearish outlook for…
