Binance's SAFU Fund Successfully Buys the Dip, Currently Holding Approximately $200 Million in Unrealized Gains

As of May 5th, Binance has announced in an official statement that it will delist the following trading pairs and cease trading at 11:00 (UTC+8) on May 8, 2026: AVA/BTC, BCH/BNB, CFX/BTC, ENA/BTC, HBAR/FDUSD, LA/BNB, MAGIC/BTC, OP/BTC, PUNDIX/USDC, STEEM/ETH, WIN/TRX, and XPL/FDUSD.

May 5 Crypto analyst Murphy tweeted that BTC is filling an on-chain gap dating back to Nov 2024. The recent on-chain cluster sits around $78k, with ~423,000 BTC traded—signaling big institutional investors are stepping in to support. Notably, on-chain activity has plummeted between $79k and $80k, likely because this zone is near key psychological levels and resistance, leading some investors to sit on the sidelines. An unfilled on-chain gap remains between $81k and $82k; prices are expected to consolidate here until on-chain transactions fully turnover, then target higher levels. Murphy emphasized the $83k-$84k on-chain cluster stems mostly from Coinbase custody wallet moves and isn’t a major resistance. If BTC holds above $82k, the real upper resistance will be the on-chain cluster north of $87k.

May 5th — On May 4th local time, at a White House event, U.S. President Trump complained that only 32% of Americans support a war with Iran, calling that polling data “fake news.” A Reuters/Ipsos poll released April 28th found Trump’s approval rating dropped from 36% in March to 34% — the lowest of his presidency to date. Reuters notes the main drivers of the decline are growing public dissatisfaction with his handling of cost-of-living issues and his push for military action against Iran. (Xinhua)

On May 5th, per HTX market data, tokens in the TON ecosystem saw broad price gains, including: DOGS jumped 110% in the past 24 hours, last trading at $0.00006995; TON rose 29.9% over the last 24 hours, currently trading at $1.794; NOT gained 19.86% in the past 24 hours, now trading at $0.000493; CATI climbed 15.6% over the last 24 hours, last trading at $0.062; HMSTR advanced 12.8% in the past 24 hours, currently trading at $0.0001788. In yesterday’s report, Telegram founder Pavel Durov stated in his personal channel that Telegram will replace the TON Foundation as the driving force behind TON and become its largest validator.

On May 5th, on-chain analyst Auntie Ai (@ai_9684xtpa) reported that the whale wallet “Targeting 10 Big Goals First” executed a long-short strategy over two days, netting over $8 million in profits. On May 4th, the whale opened a short position of 2448.2 BTC at $79,903.19 (valued at ~$195 million), then entered a long position at $78,848.05. On May 5th, it closed the Bitcoin long position at $81,300, with an estimated holding of ~2543 BTC (valued at ~$200 million). The long position yielded an estimated profit of $6.23 million.

As of May 5, per Polymarket data, the probability the CLARITY Act will be signed into law in 2026 has risen to 70%—a 24 percentage point jump from May 1. As previously reported, the CLARITY Act’s stablecoin yield rule has been finalized: crypto firms are barred from paying customers “any form of interest or yield” solely for holding a stablecoin (similar to a bank deposit or other interest-bearing product). However, firms may offer rewards tied to “actual activities.” The release of these new terms has likely brought the legislation one step closer to becoming law.