"Binance's Secure Asset Fund for Users (SAFU) has made a significant purchase of 3,600 Bitcoin in response to the increasing volatility in the cryptocurrency market – a move that underscores the importance of liquidity and stability during turbulent times. This acquisition is noteworthy because it not only reinforces Binance's commitment to protecting its users' funds but also signals confidence in the long-term value of Bitcoin, potentially influencing market sentiment and investor behavior."
source: https://blocknews.com/binance-safu-buys-3600-bitcoin-as-crypto-volatility-rises-here-is-why-it-matters/