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Binance reports rising Bitcoin and Ethereum balances but falling USDT in June snapshot

Protocol Fundamentals
18 Jun 2026
Crypto news
View Source
Bullish
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Binance's 43rd proof of reserves report shows user Bitcoin holdings increased by 25,838 BTC to about 630,000 BTC, and Ethereum balances rose 10.17% to roughly 4.14 million ETH as of June 1. Meanwhile, USDT stablecoin holdings dropped by around 460 million, signaling a decline in stablecoin balances on the platform. These changes reflect shifts in user asset allocations but do not specify reasons like purchases or withdrawals. The proof of reserves snapshot reassures users that Binance holds assets backing customer funds, though it does not provide a full picture of liabilities or user behavior.

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