Crypto Morning Brief: Binance SAFU Fund Purchases $100 Million in Bitcoin, SpaceX Confirms Merger with xAI
Binance has transferred 1,315 BTC (worth $100 million) from its hot wallet to its SAFU Fund. SpaceX is reportedly set to merge with xAI, with the combined entity valued at $1.25 trillion, according to an internal memo.
In U.S. politics, Senator Elizabeth Warren called for a congressional hearing into a $187 million deal between the Trump family’s crypto venture WLFI and an Abu Dhabi-backed entity, labeling it "obvious corruption." Former President Trump claimed he was unaware of the deal, stating his sons handled it.
Hong Kong’s monetary authority received 36 applications for stablecoin licenses and aims to issue the first batch by March. Despite earlier speculation, JD.com has not withdrawn its application.
Other developments include the revelation from newly unsealed Epstein documents that the financier invested in Bitcoin infrastructure firm Blockstream and had ties to figures like MicroStrategy CEO Michael Saylor. Additionally, Cboe plans to relaunch binary options, Hyperliquid is testing a new outcome-trading feature, and Jupiter received a $35 million strategic investment from ParaFi Capital.
marsbit02/03 01:17