Binance's August 1, 2026 proof of reserves report confirms that Bitcoin and Ethereum holdings fully cover user balances at 100.25%, with stablecoins like USDT, USDC, and USD1 backed even higher. This snapshot, verified using advanced cryptographic methods, demonstrates Binance holds more assets on-chain than owed to users, reinforcing trust after past crypto exchange failures. The report also highlights growth in Bitcoin deposits and notes the need to monitor the SOL position, which sits exactly at the minimum collateralization threshold of 100%.
Hackers have exchanged about $50 million worth of stolen XRP for 1,650 Bitcoin using THORChain, according to blockchain analytics firm Elliptic. This activity is connected to the theft of 233 million XRP from Binance, attributed to North Korean state...
On November 4, five significant cryptocurrency transfers worth a combined $1.43 billion occurred within three hours, with outflows from exchanges exceeding inflows by $156.2 million. The largest transfer was 506.4 million USDT moved between unknown w...
Trading volume in major meme markets rose 26.6% to about $203 million in 24 hours as of Nov. 5. Solana dominated the activity, accounting for 60% of the volume with approximately $122 million traded. Robinhood followed with $50.61 million (25%), and ...
An on-chain analyst identified a wallet connected to 鱼池 co-founder 王纯 that exchanged 6,200 wrapped staked Ether (wstETH) for 18.5 million USDC. This transaction occurred as Ether's price rose from $2,315 to $2,440, with the swap averaging $2,390 per ...
Ripple issued 110.57 million RLUSD stablecoins on November 2 following a 28.7% drop in RLUSD supply on the XRP Ledger. This issuance is part of treasury management and not directly linked to Binance's recovery efforts. Binance resumed RLUSD withdrawa...
