Binance released its May 2026 proof-of-reserves report, revealing a Bitcoin reserve ratio of 100.22%, meaning it holds slightly more Bitcoin than owed to users. This transparency measure reassures users about the exchange's asset backing amid ongoing regulatory scrutiny. While the report shows a small surplus, it is not a full financial audit and does not cover all liabilities. Binance's regular disclosures reflect a broader industry trend towards greater accountability and may influence future regulatory standards.
Fitch Ratings highlighted that Bitcoin demonstrated greater resilience during the recent Binance hack compared to past incidents. This improved stability is attributed to a more diversified trading ecosystem, which reduces Bitcoin's reliance on any s...
Thirteen major cryptocurrency transfers totaling $1.48 billion were recorded within a three-hour window on November 10, led by a 3,500 Bitcoin (BTC) transfer between unknown wallets valued at $256.4 million. Significant movements included transfers b...
Ether (ETH) surged past 2,100 USDT on OKX, reaching 2,101.41 USDT with a 3.71% gain over 24 hours as of Nov. 11. This move reversed a slight dip below 2,100 USDT the previous day. Compared to other cryptocurrencies at the same time, Ether's gain was ...
XRP spot trading volume increased by 53.2% from Oct. 28 to Nov. 9, with Binance's 30-day average open interest dropping to its lowest since September. Binance's spot volume rose 51.9%, while other exchanges saw a 53.6% increase. Despite the higher sp...
On November 10, Binance executed a forced liquidation of a single long position worth $11.47 million in Ether (ETH) perpetual futures. The position was closed at a liquidation price of $2,048, indicating the price at which the forced sale occurred. T...
