Binance buys $1 bn Bitcoin as crypto crashes to November lows

Binance said it will convert its $1 billion Secure Asset Fund for Users into Bitcoin over the next 30 days after a sharp market selloff. The move followed over $1.7 billion in liquidations as Bitcoin fell to November lows. Binance said the conversion aims to support market stability, while its native BNB token slid during the downturn.