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👋 Hello Binancians!

We kick off the week with Binance Bytes, your quick summary of the hottest 🔥 in crypto and blockchain.

1️⃣ China clarifies rules for crypto and stablecoins 🇨🇳⚖️

China approved a legal framework for issuing offshore tokens backed by onshore assets but prohibited any stablecoin linked to the yuan without authorization.

💡 Why it matters: It enables controlled innovation while protecting the local currency. More regulatory clarity for projects operating near the Chinese market.

2️⃣ Binance adds 4,225 BTC to the SAFU fund 🛡🟠

The SAFU protection fund added 4,225 BTC (~US$300M), reaching a total of 10,455 BTC.

💡 Why it matters: Binance continues its plan to convert US$1B into BTC in 30 days. If the fund drops below US$800M, it automatically rebalances: more stability for users in volatile times.

3️⃣ BlackRock's ETF breaks records amid market downturn 📉📊

The IBIT ETF recorded 284M shares traded (~US$10B) before falling 13% during the crash on February 5.

💡 Why it matters: There was a record in options, with more puts than calls, indicating strong demand for hedging. The volume suggests profit-taking and potential pressure from institutional liquidations.

📌 Binance Tip:

Crypto ETFs show how institutions are adopting Bitcoin even in times of high volatility.