Binance Taps Half Its SAFU Bitcoin, Releases Reserve Proof

Binance’s publicly disclosed emergency Bitcoin wallet held roughly half its previous balance on Monday after the exchange tapped its user protection fund to cover losses from Thursday’s $6.3 billion hack.The exchange confirmed a transfer of 7,499 Bitcoin (BTC) on Saturday, linking it to the partial deployment of its Secure Asset Fund for Users (SAFU).As of Monday, the wallet held about 7,500 BTC, worth $583 million, down from about 15,000 BTC before the transfer.The theft, the…

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Hong Kong Enables 24/7 Tokenized Settlements, Plans Stablecoin Trials

Hong Kong has expanded its Project Ensemble pilot to allow round-the-clock settlement of tokenized transactions, as the city’s monetary regulator prepares to bring regulated stablecoins into trials involving tokenized government debt.On Monday, the Hong Kong Monetary Authority (HKMA) said that it had advanced its EnsembleTX project to a new stage…

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