# Binance Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Binance", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

CZ Defends Binance: Dismisses Claims Linking Exchange To October 10 Crypto Crash

CZ, co-founder and former CEO of Binance, has dismissed claims that the exchange caused the October 10 crypto market crash, which saw $19 billion in liquidations. He called the accusations "far-fetched" and stated Binance compensated users affected by its technical issues with around $600 million. Zhao emphasized that Binance operates under regulatory oversight in Abu Dhabi and a US monitorship. He also denied having any business relationship with the Trump family, following his controversial presidential pardon in October 2025. Meanwhile, Binance Coin (BNB) has declined 5% in a week, trading at $847.

bitcoinist01/31 14:48

CZ Defends Binance: Dismisses Claims Linking Exchange To October 10 Crypto Crash

bitcoinist01/31 14:48

‘No accident’ – Why OKX founder faults Binance for October’s crypto crash

Star Xu, founder of crypto exchange OKX, publicly blamed Binance for triggering the October 10th market crash, calling it "no accident" but the result of "irresponsible marketing campaigns" by certain companies. He specifically criticized Binance for offering high APY on products like Ethena’s USDe using looped leverage without proper risk controls, which led to a depegging event. Xu urged Binance to discuss systemic risks openly for the industry's long-term health. Binance dismissed the claims, attributing the crash to a macro shock from Trump tariff updates and a subsequent $19 billion liquidation cascade. While acknowledging technical issues during the event, it denied being the primary trigger. Analysis suggested the depeg occurred after the liquidations, minimizing Binance's role. Despite renewed FUD, BNB's price fell but its market dominance held steady at 4%, indicating relative resilience. No independent analysis of the crash has yet been conducted.

ambcrypto01/31 11:47

‘No accident’ – Why OKX founder faults Binance for October’s crypto crash

ambcrypto01/31 11:47

Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

Amid a prolonged Bitcoin downturn, Binance has announced a significant strategic shift to reinforce confidence in the crypto sector. The exchange plans to convert its entire $1 billion Secure Asset Fund for Users (SAFU), currently held in stablecoins, into Bitcoin. This conversion is expected to be completed within 30 days. Binance stated that this move reflects its long-term conviction in Bitcoin as a foundational asset and store of value. The fund will be actively rebalanced, and if its value falls below $800 million due to market fluctuations, Binance will replenish it back to $1 billion. In a related community letter, Binance also highlighted its 2025 initiatives, including assisting users in recovering $48 million from incorrect deposits, helping 5.4 million users identify potential threats to prevent an estimated $6.69 billion in scam losses, and cooperating with law enforcement to seize $131 million in illegal funds. The exchange's proof-of-reserves showed user assets totaling $162.8 billion, fully backed, by the end of 2025.

bitcoinist01/31 10:02

Binance Plans Gradual Conversion Of $1 Billion SAFU Fund Into Bitcoin

bitcoinist01/31 10:02

PancakeSwap: Why CAKE’s $2.5 rally hinges on KEY demand zone

PancakeSwap (CAKE) is experiencing a significant bearish phase, with prices declining sharply. A notable divergence exists between spot and perpetual traders on Binance, a key platform for CAKE. Spot trading volume has increased by 115% to $76 million, indicating distribution and confirming the bearish trend, with Binance traders contributing substantially to the selling pressure. However, large perpetual traders on Binance are showing bullish sentiment, with a high Taker Buy/Sell Ratio suggesting confidence in an upside move. The price has dropped to a critical demand zone that previously acted as strong support in early 2025. A rebound from this level could lead to a recovery toward the $2.5–$2.7 range, while a failure may result in extended consolidation or further declines. Technical indicators present mixed signals: the Money Flow Index (MFI) shows sustained capital outflows, but the Relative Strength Index (RSI) is in oversold territory, hinting at a potential short-term bounce. The key support zone remains the decisive factor for CAKE's next move.

ambcrypto01/31 07:02

PancakeSwap: Why CAKE’s $2.5 rally hinges on KEY demand zone

ambcrypto01/31 07:02

Global Sell-Off Hits Metals And Crypto As Binance Open Interest Returns To Pre–October 10 Levels

A global risk-off sell-off has impacted both traditional metals and crypto markets, with gold dropping 8% and silver falling 12%. Bitcoin declined around 9% but proved relatively resilient. The downturn was triggered by a sharp sell-off in Microsoft shares due to AI-related announcements, leading to a broader market repricing. Nearly $300 million in long positions were liquidated in crypto, highlighting the impact of high leverage. Despite recent volatility, open interest on Binance has risen to 123,500 BTC, exceeding pre-October 10 levels, indicating returning risk appetite and renewed leverage buildup, which leaves the market vulnerable to further sharp moves.

bitcoinist01/31 07:01

Global Sell-Off Hits Metals And Crypto As Binance Open Interest Returns To Pre–October 10 Levels

bitcoinist01/31 07:01

Binance says macro shock, not exchange failure, drove October’s $19B liquidation cascade

Binance has published a post-mortem of the 10 October 2025 flash crash, attributing the $19 billion liquidation wave to macroeconomic shocks—including trade-war concerns and rising bond yields—rather than exchange-specific failures. The report states that 75% of liquidations occurred before two minor technical issues on its platform, which had limited impact. Data shows multi-exchange liquidations, indicating a system-wide leverage unwind. Binance acknowledged temporary balance display errors and index price deviations but emphasized improvements to risk controls. The event underscored the vulnerability of highly leveraged crypto markets to macro shocks and the need for robust cross-venue safeguards.

ambcrypto01/30 22:53

Binance says macro shock, not exchange failure, drove October’s $19B liquidation cascade

ambcrypto01/30 22:53

Binance Eyes South Korea Lead via Gopax, GoFi Push

Binance is strengthening its presence in South Korea through a strategic focus on local exchange Gopax and the GoFi ecosystem, aiming to gain a stronger foothold in one of Asia’s most active yet tightly regulated crypto markets. Rather than pursuing aggressive expansion, Binance is aligning with local infrastructure to navigate strict regulatory requirements, including real-name banking and anti-money laundering rules. Gopax serves as a key gateway, providing access to local users and markets, while GoFi signals Binance’s ambition to offer broader financial services like lending and staking. This partnership-driven approach allows Binance to combine global scale with local compliance, positioning it for sustainable growth in South Korea's competitive crypto landscape.

TheNewsCrypto01/30 12:00

Binance Eyes South Korea Lead via Gopax, GoFi Push

TheNewsCrypto01/30 12:00

Binance Addresses Community Amid Crypto Market Meltdown

Amid a severe crypto market downturn, Binance has issued an open letter to the community. The exchange highlighted key recent actions, including assisting with 36,648 incorrect deposits worth ~$48 million, protecting 5.4 million users with risk controls, and collaborating with law enforcement to seize $131 million in illicit funds. It also confirmed Proof of Reserves for 45 assets, totaling ~$162.8 billion. Looking ahead, Binance announced it will convert its $1 billion SAFU fund (stablecoin reserves) into Bitcoin over the next 30 days, expressing strong long-term confidence in BTC as a foundational asset. This comes as the market experiences significant declines, with BTC and ETH dropping over 6% and 7%, respectively.

TheNewsCrypto01/30 09:11

Binance Addresses Community Amid Crypto Market Meltdown

TheNewsCrypto01/30 09:11

Binance Converts SAFU Fund to Bitcoin After Oct. 10 Backlash—Will it Restore Trust or Add Risk?

Binance is converting its $1 billion Secure Asset Fund for Users (SAFU) from stablecoins to Bitcoin over the next 30-day period. The emergency fund, designed to protect users in cases of hacks or incidents, will now be held entirely in BTC. Binance stated it will monitor the fund's value and top it up with more Bitcoin if its value falls below $800 million due to market volatility. This strategic shift is presented as a long-term bet on Bitcoin, which the exchange calls the "foundational asset" and "premier long-term store of value." The move comes at a time when Binance is facing significant criticism, particularly over its token listing practices through the Binance Alpha program, which have been accused of causing pump-and-dump scenarios. While converting SAFU to Bitcoin may appeal to Bitcoin proponents, it introduces new risks. The fund is now exposed to Bitcoin's price volatility, which could reduce its value precisely when needed for user reimbursements. It also creates a single-asset concentration risk, moving away from the stability of dollar-pegged stablecoins. Critics may view the announcement as a publicity move to restore trust rather than address underlying issues. Binance's commitment to maintaining the fund's value will be closely watched amid ongoing scrutiny.

ccn.com01/30 08:45

Binance Converts SAFU Fund to Bitcoin After Oct. 10 Backlash—Will it Restore Trust or Add Risk?

ccn.com01/30 08:45

Assessing if Binance’s ApeChain integration can revive APE adoption

ApeChain has transitioned from an experimental ecosystem project to exchange-grade infrastructure, particularly with Binance's integration improving user access. However, ApeCoin (APE) faces a critical test in generating sustained on-chain usage beyond speculative interest and NFTs. Current on-chain activity shows stagnation: daily active addresses are range-bound, transaction counts are low, and total value locked (TVL) has dropped over 80% from its peak. Despite regulatory risks clearing after SEC investigations concluded without action, adoption remains weak. Exchange and whale flows reflect fading conviction, with declining large holders and slow new user growth. Revival depends on non-NFT dApps, deeper liquidity, and renewed ecosystem demand—not just infrastructure upgrades.

ambcrypto01/30 08:02

Assessing if Binance’s ApeChain integration can revive APE adoption