Recently, Binance announced in an open letter to the crypto community that it will adjust the asset structure of its SAFU fund, gradually converting its existing $1 billion stablecoin reserves into Bitcoin reserves, with the conversion planned to be completed within 30 days of the announcement. Binance will regularly review the SAFU fund's asset size; if Bitcoin price fluctuations cause the SAFU fund's market capitalization to fall below $800 million, Binance will replenish the fund with Bitcoin to restore it to $1 billion. Based on Binance's assessment of Bitcoin as a core asset in the crypto ecosystem and its long-term value, Binance is willing to share the uncertainty with the industry during periods of pressure and increased cyclical volatility, and will continue to invest resources in the crypto ecosystem. This move is part of Binance's long-term commitment to the industry, and the company will continue to advance related work and gradually share more progress with the community.