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Binance plans to convert about $1B in its SAFU insurance fund from stablecoins back into Bitcoin within 30 days. Binance has said that it will convert roughly $1 billion held in stablecoins within its Secure Asset Fund for Users (SAFU) into Bitcoin (BTC), with the process set to finish within 30 days. The move shifts the exchange’s emergency insurance reserve back into BTC and comes as Binance faces renewed scrutiny over market influence, balance sheet practices, and leadership ties to former CEO Changpeng “CZ” Zhao. Binance Outlines SAFU Shift as Part of Broader Transparency Push In an open letter posted…
Bitcoin mining activity has suffered its sharpest setback in more than four years after severe winter storms across the United States forced large operators to scale back production, dragging down network hashrate, output and revenues. Key Takeaways: US winter storms forced miners offline, driving a 12% drop in Bitcoin’s network hashrate. Mining revenues and output fell sharply as power disruptions hit major operators. The slowdown marks the steepest production decline since the post-halving period in 2024. Total network hashrate has fallen by roughly 12% since Nov. 11, marking the steepest drawdown since October 2021, when the network was still stabilizing…
Two high-profile crypto figures are preparing to pour tens of millions of dollars into California politics, aiming to reshape the state Legislature by backing moderate, business-friendly candidates and countering the influence of labor unions.The effort, operating under the banner of Grow California, is backed by Chris Larsen, a longtime Democratic donor and co-founder of Ripple, and Tim Draper, a venture capitalist known for his support of Bitcoin (BTC), according to The New York Times. “The government unions do a great job,” Larsen reportedly told the outlet. “But that’s going to clash with a lot of the things that are going…
Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty ImagesBig Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting up or divesting iconic brands. Last year, Unilever spun off its ice cream business into The Magnum Ice Cream Company. Kraft Heinz is preparing to break up later this year, undoing much of the merger forged more than a decade ago by Warren Buffett’s Berkshire Hathaway…
New study shows excess leverage flushed in Q4, as realized price metrics and profitability data point to a healthier Bitcoin structure. Bitcoin (BTC) is trading in a very tight range below $79,000 amidst macro tailwinds. Most crypto assets followed a similar trajectory. But experts are constructive on BTC. In a joint report by Coinbase and Glassnode, the firms stated that the largest cryptocurrency appears to be on firmer ground than many altcoins that are still dealing with the fallout from last October’s sharp selloff. Bitcoin’s Healthier Start to 2026 Coinbase and Glassnode believe that the crypto markets are entering 2026…
Assistive technology is expensive, and many people with disabilities live on fixed incomes. Disabled assistive tech users also must contend with equipment that was often designed without any capacity to be repaired or modified. But assistive tech users ultimately need the functionality they need—a wheelchair that isn’t constantly needing to be charged, perhaps, or a hearing aid that doesn’t amplify all background noise equally. Assistive tech “makers,“ who can hack and modify existing assistive tech, have always been in high demand. Therese Willkomm, emeritus professor of occupational therapy at the University of New Hampshire, has written three books cataloging her…
Binance announced it will move its entire $1 billion user protection fund into Bitcoin over the next 30 days. The decision lands as Bitcoin trades well below recent highs, adding pressure across the market. Exchange safety sits front and center again as traders rethink where they store their coins. Binance says it will carry out the shift gradually and publish audits along the way. If Bitcoin’s price drop pushes the fund below $800 million, Binance says it will top it back up from company reserves. That promise matters when confidence feels shaky. Market Cap 24h 7d 30d 1y All Time…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A popular crypto pundit who previously criticized XRP has now changed his tune, acknowledging he was wrong to undermine the cryptocurrency and now calling it “the global currency”. The analyst cited his earlier misconceptions about the altcoin, highlighting developments such as Ripple’s new bank charter as major reasons for his shift in sentiment. XRP Critic Reverses Stance On The Cryptocurrency Crypto commentator Minus Wells has publicly reversed his stance on XRP, admitting he was wrong to be a “hater” and to have consistently criticized the cryptocurrency. In…
In brief India’s crypto industry is pressing for tax relief ahead of the Union Budget, warning that high transaction taxes have pushed trading offshore. About three-quarters of Indian crypto volume now flows through foreign platforms, according to KoinX, undermining domestic liquidity and oversight. Industry groups are urging lower TDS, loss set-offs, and clearer regulation to bring activity back onshore. As India approaches this year’s Union Budget, policymakers are under pressure to reassess the country’s punitive crypto tax framework amid capital flight to offshore platforms, raising questions about lost tax revenue and weakened regulatory oversight.Indian crypto users execute nearly three-quarters of…
BitMine Immersion Technologies, a publicly traded cryptocurrency treasury company linked to investor Tom Lee, is carrying significant unrealized losses on its Ether holdings following the latest wave of market liquidations, underscoring the risks facing crypto balance-sheet strategies during sharp downturns.After acquiring an additional 40,302 Ether (ETH) last week and increasing its total holdings to more than 4.24 million ETH, BitMine’s unrealized losses have grown to over $6 billion, according to data from Dropstab, a platform that tracks digital asset prices and portfolio valuations.Based on current market prices, BitMine’s Ether holdings are valued at roughly $9.6 billion, down from a peak…
