Binance has completed the conversion of its entire $1 billion Secure Asset Fund for Users (SAFU) into Bitcoin, purchasing an additional $304 million worth of BTC to bring the fund's total holdings to 15,000 BTC. The exchange acquired the coins at an average cost basis of $67,000 and stated it would rebalance the fund if its value dropped below $800 million due to market volatility. This move is described as a bold vote of confidence in Bitcoin as the ultimate reserve asset, coming during a period of historically weak market sentiment where the Fear & Greed Index hit a record low of five.
Meanwhile, Dogecoin (DOGE) has broken below its long-held $0.095 support level, trading near $0.089 after a 4.5% drop. Trading volume climbed 11% to $845 million, indicating strong participation. Technical analysis shows momentum favors bearish predictions, with the ADX above 50 signaling a strong downtrend. Support now sits near $0.088, and a break below could send the price toward $0.057. Futures data confirms a bearish bias, with shorts outweighing longs and liquidation clusters near $0.0888 and $0.0948 potentially fueling volatility.
Some analysts, however, suggest DOGE has entered a rare "maximum opportunity" zone. Crypto analyst Cryptollica points to a historic "Launchpad" level on a 10-day chart of DOGE against the US Dollar Index (DXY), a level that served as breakout resistance in early 2021 before becoming macro support in 2022-2023. The 10-day Relative Strength Index (RSI) hovering near 34 is also seen as a potential capitulation point that has preceded rallies in past cycles. A weekly close below $0.09 would invalidate this bullish thesis and could trigger a slide toward $0.080.
The article also highlights the presale performance of DeepSnitch AI, which has raised over $1.58 million in its fifth stage, with its DSNT token priced at $0.03985. The project is building a Web3-native Bloomberg Terminal and has over 36 million tokens staked, aiming to reduce circulating supply at launch. Separately, JasmyCoin (JASMY) extended its rebound, trading above $0.0061 after finding support at $0.0048, with larger wallets accumulating approximately 140 million tokens.
