Binance SAFU Fund Address Has Acquired 1315 BTC

On February 2nd, He Yi addressed community concerns regarding claims that Binance’s Bitcoin purchases are solely for internal fund management and did not involve receiving Bitcoin from external addresses, stating, “Binance will conduct internal purchases on Binance.”

February 2 — Blockstream CEO Adam Back has denied any direct or indirect financial ties between his company and late financier Jeffrey Epstein or his estate, per The Block. The statement came after the U.S. Department of Justice (DOJ) released millions of pages of Epstein-related documents, which include emails between Back, Blockstream co-founder Austin Hill, and Epstein. Back clarified that Epstein was once a limited partner in a fund holding a small stake in Blockstream but has since fully divested. The newly unsealed documents also reveal Epstein’s connections to several cryptocurrency industry figures and his proposal to create a digital currency based on Bitcoin technology. Prior details from the Epstein files note that Epstein participated in Blockstream’s $18 million seed funding round, initially investing $50,000 before increasing his stake to $500,000.

On February 2, Binance announced that the first phase of asset conversion for its SAFU (Secure Asset Fund for Users) fund is complete. The exchange allocated $100 million from stablecoins to Bitcoin purchases, with the SAFU Fund’s Bitcoin address being 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD. Binance will continue using the remaining SAFU fund to buy Bitcoin, aiming to finish the process within 30 days of the initial announcement.

February 2nd: Per monitoring from HyperInsight (https://t.me/HyperInsight), the "ZEC Largest Short" address (0xd475...) has opened a new short position on XMR. The position totals 2,500.00 XMR, worth approximately $1,000,900, with an opening price of $708.78. The current liquidation price for this position is $10,633.86. With XMR’s current market price at $400.37, the short is in floating profit. This address is known for building large ZEC short positions: it began shorting ZEC at the $184 level, incurred a temporary unrealized loss of $21 million that later turned profitable. It also currently holds massive short positions on ETH and MON.

Per Coingecko data, Curve’s stablecoin crvUSD has slightly depegged on February 2nd, hitting an intraday low of $0.9858 earlier today and currently trading at $0.9928.

On February 2, per Onchain Lens monitoring, a new crypto address withdrew 5.78 million USDT from Binance and purchased 2551 ETH at $2,266 each.