Binance increases SAFU holdings by $300M in BTC as prices fall
Binance acquired $300 million in Bitcoin for its SAFU reserve, elevating the fund over $720 million as the exchange transitions its emergency buffer to BTC. On Monday, Binance augmented its emergency reserves by an additional $300 million in Bitcoin, persisting with its initiative of a Bitcoin-backed protection fund amid ongoing market pressures. According to blockchain […]
South Korea plans stricter crypto rules to curb market manipulation
South Korea’s financial regulator announced it will enhance scrutiny of the cryptocurrency market and enforce stricter fines on financial institutions for IT-related issues, in response to prominent events that revealed vulnerabilities to market integrity and consumer protection. The Financial Supervisory Service (FSS) announced its annual policy agenda on Monday, which encompasses intended investigations into high-risk […]