Bitcoin’s daily funding rate has been deeply negative for days, reflecting 
heavy short positioning, but historical data also suggests that a squeeze on 
bears could be brewing.

Multi-day negative Bitcoin funding signals ‘overcrowded’ short trade: Time for a reversal?

Quantum computing could threaten crypto security, urging urgent upgrades to 
protect digital assets.
The post Justin Drake: Quantum computing could break crypto keys in minutes, Ethereum aims for post-quantum security by 2029, and the race to secure blockchain against quantum threats | Unchained appeared first on Crypto Briefing.

Justin Drake: Quantum computing could break crypto keys in minutes, Ethereum aims for post-quantum security by 2029, and the race to secure blockchain against quantum threats | Unchained

Binance is pushing back against claims that it played a central role in the 
massive liquidation wave that swept through crypto markets on October 10, an 
event widely described as the largest in the industry’s history. In the 
aftermath of roughly $19 billion in wiped‑out positions, some market 
participants accused the exchange of manipulating prices for its own gain. 
Binance co‑CEO Richard Teng has now addressed those allegations directly, 
insisting the platform was not “the sole trigger” of the turmoil and that the 
selloff hit the entire digital asset ecosystem. Binance Co-CEO Breaks Down 
$19B Liquidation Event Speaking about the incident, Teng said the sharp 
downturn was not isolated to Binance. Both centralized and decentralized 
exchanges experienced comparable spikes in liquidations at the same time, he 
noted. According to him, intense selling pressure emerged across trading 
venues as volatility surged. Teng attributed the market shock to external 
forces rather than internal exchange activity. He pointed to a mix of 
macroeconomic and geopolitical developments, including new US tariffs on China 
and broader uncertainty in global financial markets. These factors, combined 
with highly leveraged positions across crypto derivatives markets, created 
what he described as a “classic leverage flush.” Related Reading: Is Bitcoin 
Already Pricing A US Recession? Analyst Sees Major Risk‑Reward Setup Teng drew 
comparisons to traditional markets, noting that US equities lost $1.5 trillion 
in value on the same day, with about $150 billion in liquidations occurring in 
equities alone. By contrast, the crypto market—significantly smaller in 
size—saw $19 billion in forced position closures, spread across all major 
exchanges. While acknowledging that many users suffered losses, Teng said 
Binance took steps to support affected customers, adding that other exchanges 
did not implement similar measures. He also stressed that there were no signs 
of abnormal mass withdrawals from Binance during the episode. According to the 
company, there were no indications of internal technical failures or systemic 
weaknesses. The price action, Teng argued, was driven by exogenous market 
forces rather than any exchange‑specific issue. SAFU Fund Hits $1 Billion In 
BTC Despite the volatility, Teng struck a cautiously optimistic tone about the 
broader trajectory of digital assets. He said institutional investors continue 
to allocate capital to the sector, describing their participation as evidence 
that “smart investors are putting money to work.” While retail demand has 
softened compared to last year, he said investment from institutions and 
corporations remains resilient. In his view, the long‑term development of the 
industry should be judged by its fundamentals rather than short‑term price 
swings. Related Reading: UNI Rallies 10% As BlackRock Brings Treasury‑Backed 
BUIDL Token To Uniswap Alongside its comments on the liquidation event, the 
exchange announced it has completed a previously outlined $1 billion Bitcoin 
purchase plan for its Secure Asset Fund for Users (SAFU). The exchange 
acquired 4,545 BTC worth approximately $304.58 million, bringing the reserve 
wallet’s total holdings to 15,000 BTC, currently valued at about $1.005 
billion. Binance also stated that if the fund’s value falls below $800 million 
due to market declines or legal expenses, it will automatically replenish the 
balance back to $1 billion. At the time of writing, the exchange’s native 
token, BNB, is trading at $605. It has registered losses of 5% and 29% over 
the last seven and fourteen days, respectively. Featured image from OpenArt, 
chart from TradingView.com

Binance Co-CEO Breaks Silence, Provides Insight On October 10 Liquidation Event

Fiserv launches a 24/7/365 settlement platform for digital asset companies, 
aiming to reduce banking friction and improve liquidity in the US dollar.

TradFi giant Fiserv builds real-time dollar rails for crypto companies

Corporate bitcoin accumulation accelerated in January, but according to 
bitcointreasuries.net, nearly all the momentum came from a single heavyweight. 
4.08 Million BTC Held Across Entities, Says Bitcoin Treasuries Report The 
January 2026 Corporate Adoption Report from bitcointreasuries.net shows that 
public and private entities added 43,228 BTC during the month, valued at 
roughly $3.5 billion based […]

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