Stablecoin market drops 6%, Binance USDT reserves fall 7.8%, Solana card spending hits record $141M

Binance's emergency fund halved after $6.3B hack; policy unclear on refilling it.

Binance's Secure Asset Fund for Users (SAFU), an emergency reserve, dropped from 15,000 BTC to 7,500 BTC after the exchange used it to cover a $6.3 billion hack. This fund now holds about $580 million, below the $800 million threshold in Binance's po...