Binance announced it will convert its $1 billion SAFU fund from stablecoins to Bitcoin reserves within 30 days, responding to mounting community criticism that intensified after prominent Wall Street investor Cathie Wood publicly attributed recent market weakness to a Binance-related deleveraging event. The exchange pledged to maintain the fund’s value at$1 billion through regular rebalancing, replenishing it with additional Bitcoin if price fluctuations push the fund below $800 million. The move comes ...