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Bitcoin $85,093.05 -2.20%
Ethereum $2,780.82 -3.05%
BNB $839.30 -3.77%
Optimism $0.31 -16.38%
Arbitrum $0.20 -6.88%
Solana $129.39 -3.73%
Polygon $0.22 +2.77%
Cosmos $2.50 -10.87%
Avalanche $13.28 -4.56%

Binance Will Convert the Remaining of the $1 Billion Industry Recovery Initiative Funds From BUSD to Native Crypto

According to CEO of Binance CZ's tweet:

Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.

Given the changes in stable coins and banks, #Binance will convert the remaining of the $1 billion Industry Recovery Initiative funds from BUSD to native crypto, including #BTC, #BNB and ETH. Some fund movements will occur on-chain. Transparency.
— CZ 🔶 Binance (@cz_binance) March 13, 2023

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 985,088,975 #BUSD (981,641,163 USD) transferred from Binance Recovery Fund to #Binance https://t.co/wqo5dSERfJ
— Whale Alert (@whale_alert) March 13, 2023

Bitcoin $85,093.05

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Binance Will Convert the Remaining of the $1 Billion Industry Recovery Initiative Funds From BUSD to Native Crypto

All Comments

Recommended for you

WLFI reserve firm ALT5 Sigma to be investigated for violating SEC disclosure requirements.

BTC briefly fell below $83,000

The S&P 500 and Nasdaq indices once hit new lows in more than two months.

Federal Reserve's Williams said a rate cut is possible "in the near future," prompting traders to increase their bets on a December rate cut.

BTC breaks through $84,000

Polymarket predicts the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 61%.

Traders expect a greater than 50% probability of a Federal Reserve rate cut in December.

S&P 500 and Nasdaq 100 futures narrowed their losses.

Total liquidation amount across the entire network exceeded $2 billion in 24 hours.

Strategy's Executive Vice President sold another $1 million worth of MSTR stock.

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