Binance commits to gigantic Bitcoin purchase as an implicit apology for October liquidation meltdown

Binance just turned its emergency insurance fund into a public, auditable pledge. And it reads like a crisis-repair letter in balance sheet form.

The exchange announced Jan. 30 that it will convert SAFU’s roughly $1 billion stablecoin reserves into Bitcoin within 30 days, with an explicit promise: if BTC price movements push the fund below $800 million, Binance will replenish it to $1 billion.

The move comes wrapped in the through law enforcement collaboration, and $162.8 billion in Proof of Reserves…