Binance SAFU Fund Address Grants New Approvals, Potentially Preparing for Bitcoin Purchases
The Binance SAFU fund address granted new approvals on Feb. 2, potentially adding two addresses to its allowed receivers whitelist, on-chain data cited by BlockBeats show. Three days have passed since Binance announced plans to allocate $10 billion to buy Bitcoin, but the SAFU fund address has not executed any purchase transactions. BlockBeats noted the lack of buying activity may be linked to the weekend period.