• Binance decreased BTC holdings by 94.1% and ETH by 99.9%.
• Most property have been transformed to USDC, with holdings rising by 57.5%.
• Related asset shifts occurred in June 2023 and February 2024.

Binance has considerably decreased Bitcoin (BTC) and Ethereum (Eth) Holdings and transformed most of those property to Stablecoin USDC.

Binance’s BTC reserves fell from 46,896 to 2,747 (-94.1%), in response to knowledge shared by Ab Kuai Dong. Between January and February 2025, BTC reserves fell from 46,896 to 2,747 (-94.1%). On the similar time, its ETH holdings fell from 216,313 to 175 (-99.9%).

Bitcoin’s present worth is $98,000, with a transformed quantity of 44,149 btc value $4.32 billion. Equally, liquidated ETH tokens attain round $584 million at $2,700 per coin.

This transfer seems to be a strategic asset conversion fairly than a liquidity disaster. In response to Colin Wu, Binance’s Holdings Shiftings displays earlier situations in June 2023 and February 2024.

USDC is a brand new crypto taste from Binance

Particularly, nearly all of Binance’s transformed property have been moved to USDC, with the holdings rising by 57.5%. In the meantime, Binance’s native token BNB noticed solely a 16.6% discount.

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Different property, together with Solana (Sol) and Tether (USDT), additionally noticed important cuts of 99% and 99.9%, respectively. FDUSD holdings have been decreased by 53.4%.

Binance has not issued an official assertion relating to the explanations for the asset shift, however business specialists have speculated that it might be a part of a revenue calculation technique or precautionary measure in response to regulatory uncertainties. Masu.

Previous Binance property recommend methods

Wanting again, related large asset conversions occurred when Binance paid the regulatory nice in June 2023, and within the second half of February 2024, however it was not clear why. . Some analysts imagine these strikes are simply a part of Binance’s general monetary technique, and that they’ve money available whereas coping with operational dangers. I am checking it.

Notable Don revealed that the funds have been Binance’s previous revenue, not shopper funds.

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SEC lawsuit over suspension?

In associated developments, the Securities and Change Fee (SEC) and Binance have collectively filed an allegation suspending the continued 60-day lawsuit.

This request means that the SEC’s newly established cryptographic process power might be a think about fixing circumstances regarding safety legislation violations.