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%.
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
XRP's market capitalization is closing in on Binance Coin (BNB), with about a $10 billion gap as XRP stands near $85 billion and BNB around $95 billion. XRP's network shows increased payment volume and new accounts, but some transaction metrics have ...
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $400,000 by 2030, a 420% increase from current levels, based on its four-year cycle pattern and recent market bottom. Key upcoming events like the CLARITY Act vote and the next Bitcoin halving s...
BNB's price dropped about 6% over two sessions, falling from around $757 to near $710 due to inflation worries and potential Federal Reserve rate hikes. The broader crypto market also declined, with Bitcoin and Ethereum down 2.5% and 3% respectively....
Binance announced it will remove the Pax Dollar (USDP) stablecoin from its platform, ending all related services in stages starting September 11, 2026, with full withdrawal access ending November 24, 2026. European Economic Area (EEA) users have alre...
