Binance just turned its emergency insurance fund into a public, auditable pledge. And it reads like a crisis-repair letter in balance sheet form. The exchange announced Jan. 30 that it will convert SAFU’s roughly $1 billion stablecoin reserves into Bitcoin within 30 days, with an explicit promise: if BTC price movements push the fund below […]
The post Binance commits to gigantic Bitcoin purchase as an implicit apology for October liquidation meltdown appeared first on CryptoSlate…
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