<h2 id="crypto-news">Crypto News</h2>
Binance announced it will convert $1 billion in stablecoin reserves held in its Secure Asset Fund for Users entirely into Bitcoin over the next 30 days. The exchange published an open letter on Friday stating this decision supports the industry through market cycles and periods of uncertainty while emphasizing continued belief in Bitcoin's long-term value.
The SAFU fund was established to protect users against losses from unexpected incidents like hacks or platform issues. Binance will conduct regular audits and rebalancing of the fund based on market value to address potential volatility from holding Bitcoin instead of <a href="https://coinmarketcap.com/academy/glossary/stablecoin" rel="noopener noreferrer nofollow">stablecoins</a>.
The exchange stated it will rebalance the fund to restore its value to $1 billion if the market value falls below $800 million due to Bitcoin price fluctuations. This commitment ensures the fund maintains its protective capacity regardless of cryptocurrency market movements.
The announcement arrives as Bitcoin dropped 7% in 24 hours to $82,000, marking its lowest level since November 2025, <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">according</a> to CoinMarketCap data. The world's largest crypto faces pressure from various factors, including rotations into precious metals, geopolitical tensions, and broader risk-off sentiment in equities markets.
Other cryptocurrencies followed the decline, with Ethereum down 8.23% to $2,707, XRP down 7.9% to $1.74, and Solana falling 8% to $113.45. CoinGlass liquidation <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">data</a> shows approximately $1.7 billion worth of crypto positions were liquidated in 24 hours, with $1.59 billion coming from long positions.
The selloff has been driven by U.S. tariff announcements, geopolitical tensions, continued outflows from Bitcoin<a href="https://coinmarketcap.com/academy/glossary/exchange-traded-fund-etf" rel="noopener noreferrer nofollow"> exchange-traded funds</a>, and tech stock weakness. Binance's decision to allocate $1 billion to Bitcoin during this downturn signals confidence in crypto recovery despite current market conditions.
The exchange emphasized its support for the industry through the SAFU fund conversion. Regular rebalancing will maintain the fund's $1 billion value while providing user protection, demonstrating Binance's commitment to both Bitcoin adoption and customer security during volatile market periods.

Binance Converts $1B SAFU Fund to Bitcoin

Table of Contents

Other articles published on Jan 30, 2026

What is OpenClaw? The AI Agent Assistant Lighting Up Crypto Twitter

Avalanche Tokenization Reaches Q4 High Despite Price Drop

Bitcoin May Continue Bleeding Against Stocks, Says Analyst Cowen

Join our free newsletter for daily crypto updates!