After a $6.34 billion hack in October, Binance released a Proof of Reserves report confirming it fully backs its clients' Shiba Inu (SHIB) holdings at 100.04%. The exchange holds slightly more SHIB than owed, with 50.69 trillion SHIB in wallets versus 50.67 trillion owed to users. Other major cryptocurrencies like Bitcoin and Ethereum are also fully covered. Binance's system will soon allow users to verify their balances independently via zk-SNARKs technology, reassuring investors about asset safety post-hack.
Binance Coin (BNB) trades at Rp11.599.112 on Pluang, down 4.59% as of Nov 13, 2026 16:41 WIB, reflecting active market adjustments following Binance's recent Proof of Reserves report confirming full backing of Shiba Inu holdings. Despite the $6.34 billion hack disclosed in October, Binance's asset coverage reassures users amid ongoing trading, with a market cap of Rp1.509,99 trillion and 24-hour volume reaching Rp27,05 trillion. Pluang data shows a balanced investor interest with 35% selling and 65% buying activity, and a typical hold time of 91 days for BNB.
Binance conducted an extra proof-of-reserves snapshot on Nov. 12 following a security breach on Oct. 29 that involved about $6.34 billion in crypto assets. The snapshot revealed a 0.35% increase in user Bitcoin holdings and a 1.04% rise in Ether bala...
BNB, the Binance exchange token, dropped to $632.52, its lowest since August 20, falling 6.2% in 24 hours amid a broader crypto market decline where Bitcoin also slipped below $70,000. The drop follows the October 29 Binance hack, which drained $6.3 ...
Bitcoin (BTC) rose 16.6% over the past 90 days, but 31 other cryptocurrencies posted even stronger returns during the same period. The Altcoin Season Index stood at 42, below the 75 mark that typically signals an altcoin season. Notable performers in...
Bitcoin's market dominance, currently around 61%, is crucial in deciding the near-term performance of altcoins. While Bitcoin gained 16.6% over the past 90 days, only 31 altcoins outperformed it, with a few like Bitway and Quant showing strong gains....
Binance Coin (BNB) fell 4.52% in four hours to $624 and declined 7.48% over the past 24 hours, reflecting a $30 drop from $654 earlier. The price drop occurred on the Binance spot BNB/USDT pair, with significant liquidations totaling $660,000 in long...
