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"Proof of Reserves" Isn't Proof of Anything. Here's the Uncomfortable Math
Every major exchange now publishes "proof of reserves" after FTX collapsed in 2022. It's marketed as the thing that makes centralized exchanges trustworthy again. But look closely at what these audits actually verify, and the gap between "reassuring headline" and "real protection" gets uncomfortably wide.
What proof of reserves actually shows: A cryptographic snapshot, at one specific moment in time, that an exchange holds enough assets to cover customer balances. That's genuinely useful information — it rules out certain kinds of obvious insolvency.
What it doesn't show: Liabilities. Most proof-of-reserves audits verify assets on-chain but don't independently verify the exchange's total obligations to customers, meaning an exchange could technically pass a reserves check while still being functionally insolvent once you account for everything it owes. It also says nothing about what happens the other 364 days of the year between snapshots — assets can be borrowed back the same day an audit completes.
The bull case for these audits anyway: Imperfect transparency is still meaningfully better than the zero transparency that let FTX operate undetected for years. Regular, repeated proof-of-reserves checks — especially from exchanges that do them consistently rather than once — make sustained fraud significantly harder to hide, even if a single snapshot proves nothing on its own.
The bottom line most people skip: Proof of reserves is a floor, not a guarantee. It should raise your confidence, not replace your judgment about which exchanges you trust with meaningful amounts of capital.
Do you actually check an exchange's proof-of-reserves reports, or do you just assume the big names are safe?
.
#ProofOfReserves #ExchangeSafety #CryptoSecurity #BinanceSquare
Every major exchange now publishes "proof of reserves" after FTX collapsed in 2022. It's marketed as the thing that makes centralized exchanges trustworthy again. But look closely at what these audits actually verify, and the gap between "reassuring headline" and "real protection" gets uncomfortably wide.
What proof of reserves actually shows: A cryptographic snapshot, at one specific moment in time, that an exchange holds enough assets to cover customer balances. That's genuinely useful information — it rules out certain kinds of obvious insolvency.
What it doesn't show: Liabilities. Most proof-of-reserves audits verify assets on-chain but don't independently verify the exchange's total obligations to customers, meaning an exchange could technically pass a reserves check while still being functionally insolvent once you account for everything it owes. It also says nothing about what happens the other 364 days of the year between snapshots — assets can be borrowed back the same day an audit completes.
The bull case for these audits anyway: Imperfect transparency is still meaningfully better than the zero transparency that let FTX operate undetected for years. Regular, repeated proof-of-reserves checks — especially from exchanges that do them consistently rather than once — make sustained fraud significantly harder to hide, even if a single snapshot proves nothing on its own.
The bottom line most people skip: Proof of reserves is a floor, not a guarantee. It should raise your confidence, not replace your judgment about which exchanges you trust with meaningful amounts of capital.
Do you actually check an exchange's proof-of-reserves reports, or do you just assume the big names are safe?
.
#ProofOfReserves #ExchangeSafety #CryptoSecurity #BinanceSquare
JUCOIN RESERVE CLAIMS UNDER FIRE: $USDC ALERT 🚨
A former Salus CMO disclosed findings that JuCoin’s reported reserves appear tied to mapped JuChain tokens, not verified issuer-backed native assets. The investigation says reserve proof currently shows ledger balances on JuChain, but not equivalent third-party redeemable custody.
This is a credibility test.
If reserves are mapped assets with mint permissions, the market will demand real custody proof, bridge mechanics, redemption rules, and third-party audits fast.
Proof of Reserves only matters when the assets behind it are verifiable.
Not financial advice. Manage your risk.
#Crypto #ProofOfReserves #Stablecoins #Web3Security
⚡
A former Salus CMO disclosed findings that JuCoin’s reported reserves appear tied to mapped JuChain tokens, not verified issuer-backed native assets. The investigation says reserve proof currently shows ledger balances on JuChain, but not equivalent third-party redeemable custody.
This is a credibility test.
If reserves are mapped assets with mint permissions, the market will demand real custody proof, bridge mechanics, redemption rules, and third-party audits fast.
Proof of Reserves only matters when the assets behind it are verifiable.
Not financial advice. Manage your risk.
#Crypto #ProofOfReserves #Stablecoins #Web3Security
⚡
📊 The latest proof of reserves report from Binance shows an uptick in user balances of Bitcoin and Ethereum, reflecting ongoing trust from users in the platform.
#Binance #Bitcoin #Ethereum #ProofOfReserves $SYN
#Binance #Bitcoin #Ethereum #ProofOfReserves $SYN
📈 Binance Releases Updated Proof of Reserves!
Great news for transparency in the crypto space. Binance has just dropped its latest Proof of Reserves (PoR) update, confirming that user assets are fully backed 1:1 (and then some!).
The Key Numbers:
BTC Reserve Ratio: 100.20%
ETH Reserve Ratio: 100.00%
USDT Reserve Ratio: 103.17%
BNB Reserve Ratio: 100.58%
With all major asset reserves consistently exceeding a 1:1 ratio, it's clear that safeguarding user funds remains a top priority. Seeing these numbers hold strong is a solid win for market confidence!
What are your thoughts on the latest numbers? 👇
#CryptoNews #Binance #ProofOfReserves serves #Binance T$BTC C #ETH #USDT🔥🔥🔥
Great news for transparency in the crypto space. Binance has just dropped its latest Proof of Reserves (PoR) update, confirming that user assets are fully backed 1:1 (and then some!).
The Key Numbers:
BTC Reserve Ratio: 100.20%
ETH Reserve Ratio: 100.00%
USDT Reserve Ratio: 103.17%
BNB Reserve Ratio: 100.58%
With all major asset reserves consistently exceeding a 1:1 ratio, it's clear that safeguarding user funds remains a top priority. Seeing these numbers hold strong is a solid win for market confidence!
What are your thoughts on the latest numbers? 👇
#CryptoNews #Binance #ProofOfReserves serves #Binance T$BTC C #ETH #USDT🔥🔥🔥
Profile run: Advanced/API trader, 100x leverage need, PoR as top priority, desktop pro, crypto-only funding.
Result: Binance — 99% match.
Why it scored highest for this profile specifically, not generically:
PoR verification meets the "non-negotiable" filter
Leverage ceiling matches the 100x requirement
API-grade infrastructure fits advanced execution needs
A high leverage tolerance without reserve verification is just unmanaged counterparty risk.
Match your profile, don't just pick a name.
#bitcoin #ProofOfReserves #CryptoTrading
Result: Binance — 99% match.
Why it scored highest for this profile specifically, not generically:
PoR verification meets the "non-negotiable" filter
Leverage ceiling matches the 100x requirement
API-grade infrastructure fits advanced execution needs
A high leverage tolerance without reserve verification is just unmanaged counterparty risk.
Match your profile, don't just pick a name.
#bitcoin #ProofOfReserves #CryptoTrading
🔥 Binance Confirms Strong Reserves 💰 User Funds Fully Backed 📈 BTC, BNB, ETH & USDT Above 1:1 Ratio
Binance has released its newest Proof of Reserves report, confirming that customer assets remain fully backed with reserve ratios exceeding or matching 1:1 across major cryptocurrencies.
📊 Latest Reserve Ratios: 🔹 BNB: 100.58%
🔹 BTC: 100.20%
🔹 ETH: 100.00%
🔹 USDT: 103.17%
The report highlights Binance's ongoing commitment to transparency and fund security, demonstrating that user assets are backed by sufficient reserves.
#Binance #Bitcoin #BTC #BNB #Ethereum #ETH #USDT #CryptoNews🔒📰🚫 #CryptoUpdates #blockchains #ProofOfReserves
$BTC $ETH
#JPMorganBofACitiTokenizedDepositPlan
Binance has released its newest Proof of Reserves report, confirming that customer assets remain fully backed with reserve ratios exceeding or matching 1:1 across major cryptocurrencies.
📊 Latest Reserve Ratios: 🔹 BNB: 100.58%
🔹 BTC: 100.20%
🔹 ETH: 100.00%
🔹 USDT: 103.17%
The report highlights Binance's ongoing commitment to transparency and fund security, demonstrating that user assets are backed by sufficient reserves.
#Binance #Bitcoin #BTC #BNB #Ethereum #ETH #USDT #CryptoNews🔒📰🚫 #CryptoUpdates #blockchains #ProofOfReserves
$BTC $ETH
#JPMorganBofACitiTokenizedDepositPlan
$BR @Bedrock #bedrock
The biggest risk in BTCFi isn't market volatility—it's synthetic dilution. When protocols mint unbacked wrapped tokens, your security drops to zero.
That’s why institutional capital is moving to rigid, programmatic safeguards. Bedrock eliminates this nightmare scenario entirely by integrating Chainlink’s Proof of Reserve.
Before a single unit of $uniBTC can be minted on-chain, automated smart contracts run an independent audit to verify that an equivalent, untampered amount of native Bitcoin is physically held in the protocol's reserves. If the math doesn't check out, the pipeline stops. No exceptions.
Stop relying on blind trust. Demand verifiable on-chain architecture.
Are you prioritizing hard programmatic gates, or are you still trusting unverified protocols? Let’s talk below. 👇
#BTCFi #Chainlink #ProofOfReserves #SmartCapitall
The biggest risk in BTCFi isn't market volatility—it's synthetic dilution. When protocols mint unbacked wrapped tokens, your security drops to zero.
That’s why institutional capital is moving to rigid, programmatic safeguards. Bedrock eliminates this nightmare scenario entirely by integrating Chainlink’s Proof of Reserve.
Before a single unit of $uniBTC can be minted on-chain, automated smart contracts run an independent audit to verify that an equivalent, untampered amount of native Bitcoin is physically held in the protocol's reserves. If the math doesn't check out, the pipeline stops. No exceptions.
Stop relying on blind trust. Demand verifiable on-chain architecture.
Are you prioritizing hard programmatic gates, or are you still trusting unverified protocols? Let’s talk below. 👇
#BTCFi #Chainlink #ProofOfReserves #SmartCapitall
$USDC RESERVE CLAIMS FACE SCRUTINY ⚠️
A third-party investigation alleges that JuCoin’s disclosed reserves are largely mapped assets on JuChain rather than issuer-backed or native chain assets. The key concern is whether the reported PoR balance proves control of redeemable third-party assets, especially where token contracts may allow minting permissions.
For institutions and serious traders, the issue is not headline reserve size but asset quality, custody transparency, bridge mechanics, and independent auditability. Until clearer custody addresses, redemption rules, and third-party verification are provided, liquidity and counterparty risk should be treated conservatively.
Not financial advice. Manage your risk.
#CryptoNews #ProofOfReserves #USDC #ExchangeRisk #BinanceSquar
🛡️
A third-party investigation alleges that JuCoin’s disclosed reserves are largely mapped assets on JuChain rather than issuer-backed or native chain assets. The key concern is whether the reported PoR balance proves control of redeemable third-party assets, especially where token contracts may allow minting permissions.
For institutions and serious traders, the issue is not headline reserve size but asset quality, custody transparency, bridge mechanics, and independent auditability. Until clearer custody addresses, redemption rules, and third-party verification are provided, liquidity and counterparty risk should be treated conservatively.
Not financial advice. Manage your risk.
#CryptoNews #ProofOfReserves #USDC #ExchangeRisk #BinanceSquar
🛡️
Binance just dropped its updated proof of reserves: the BTC ratio hits 100.2%, BNB at 100.58%, and USDT at 103.17%. All reserves are above the 1:1 ratio, ensuring full coverage of user funds. Meanwhile, BTC is holding strong at $62,622 (+2.72%) and ETH is bouncing back to $1,629 (+4.32%) this Sunday. In a shaky market, Binance's transparency remains a solid trust signal. #Binance #ProofOfReserves
🚨 Binance just dropped the latest Proof of Reserves!
🔒 All user assets remain over-collateralized with a clean 1:1+ ratio:
· $BTC → 100.20%
· $BNB → 100.58%
· $ETH → 100%
· USDT → 103.17%
Transparency wins. Your funds are safe. 💪
#BİNANCE #ProofOfReserves #CryptoSafety"
🔒 All user assets remain over-collateralized with a clean 1:1+ ratio:
· $BTC → 100.20%
· $BNB → 100.58%
· $ETH → 100%
· USDT → 103.17%
Transparency wins. Your funds are safe. 💪
#BİNANCE #ProofOfReserves #CryptoSafety"
🚨 Binance Continued to Stand Out in July While Many Exchanges Faced Heavy Outflows
Despite challenging market conditions, Binance remained one of the few major exchanges to record positive month-to-date net inflows, while most tracked platforms experienced significant capital outflows.
The broader crypto market saw declining stablecoin liquidity, weaker trading activity, and negative spot BTC ETF flows, leading many investors to reduce exposure. Even so, Binance continued attracting fresh capital as users moved funds onto the platform instead of away from it.
What makes this even more notable is the consistency. Binance maintained its leading position across key metrics, including centralized exchange reserves, spot trading volume, perpetual futures volume, and open interest, regardless of overall market sentiment.
As capital shifted toward the strongest-performing sectors, Binance also emerged as the primary trading venue for several of the month’s top-performing tokens, including $ZEC, $ETHFI, $EIGEN, $PUMP, $LDO, and $ETH , highlighting where much of the market’s activity was concentrated.
On the transparency front, Binance continues to strengthen user confidence through its open-source zk-SNARK Proof of Reserves system, while the SAFU fund remains backed by approximately $1 billion in publicly verifiable on-chain assets. Reserve ratios for major stablecoins such as USDT and USDC also remain above 100%, reinforcing liquidity and asset backing.
As market conditions continue to evolve, the ability to retain user trust and attract capital is becoming one of the key factors separating leading exchanges from the rest.
💬 If outflows across the industry continue, where do you think the next wave of capital will rotate?
#Binance #ProofOfReserves $BTC $ETH $BNB
Despite challenging market conditions, Binance remained one of the few major exchanges to record positive month-to-date net inflows, while most tracked platforms experienced significant capital outflows.
The broader crypto market saw declining stablecoin liquidity, weaker trading activity, and negative spot BTC ETF flows, leading many investors to reduce exposure. Even so, Binance continued attracting fresh capital as users moved funds onto the platform instead of away from it.
What makes this even more notable is the consistency. Binance maintained its leading position across key metrics, including centralized exchange reserves, spot trading volume, perpetual futures volume, and open interest, regardless of overall market sentiment.
As capital shifted toward the strongest-performing sectors, Binance also emerged as the primary trading venue for several of the month’s top-performing tokens, including $ZEC, $ETHFI, $EIGEN, $PUMP, $LDO, and $ETH , highlighting where much of the market’s activity was concentrated.
On the transparency front, Binance continues to strengthen user confidence through its open-source zk-SNARK Proof of Reserves system, while the SAFU fund remains backed by approximately $1 billion in publicly verifiable on-chain assets. Reserve ratios for major stablecoins such as USDT and USDC also remain above 100%, reinforcing liquidity and asset backing.
As market conditions continue to evolve, the ability to retain user trust and attract capital is becoming one of the key factors separating leading exchanges from the rest.
💬 If outflows across the industry continue, where do you think the next wave of capital will rotate?
#Binance #ProofOfReserves $BTC $ETH $BNB
BINANCE JUST DID SOMETHING MOST EXCHANGES COULDN'T IN JULY
While 77 tracked exchanges bled -$995.8M combined, Binance posted +$36.9M in positive net flows MTD. One of only THREE venues in the green.
Stablecoin supply down $11B. Spot BTC ETF flows negative $4.3B. Volume across the board thinning out. Basically, everyone was pulling back except a handful of platforms, and Binance was one of them.
This suggests users aren't just parking funds on Binance, they're actively choosing to move capital IN during a period where most platforms are seeing the opposite.
And it's not a one-off spike either. Binance's share has held steady through the whole contraction: ~55% of tracked CEX reserves, ~24% spot, ~36% perps, ~22% perps OI. Same numbers whether the market is loud or dead quiet.
Worth noting too, when capital rotated into the market's strongest performing sectors this month, Binance was the top venue by 24h volume across nearly all the leading tokens driving that momentum, ZEC, ETHFI, EIGEN, PUMP, LDO, and ETH included. So it's not just holding flows, it's where the actual trading activity for the hot sectors is happening.
On the trust side: Binance's zk-SNARK Proof of Reserves system stays open-sourced, and SAFU still sits at ~$1B in publicly verifiable onchain wallets. Reserve ratios for USDT and USDC are both holding above 100%, well above what's required.
That's the difference this cycle is testing exchanges on, and it's a test a lot of platforms are quietly failing right now.
Where do you think capital rotates next if this outflow trend keeps going?
#Binance #ProofOfReserves $BTC $ETH $BNB
While 77 tracked exchanges bled -$995.8M combined, Binance posted +$36.9M in positive net flows MTD. One of only THREE venues in the green.
Stablecoin supply down $11B. Spot BTC ETF flows negative $4.3B. Volume across the board thinning out. Basically, everyone was pulling back except a handful of platforms, and Binance was one of them.
This suggests users aren't just parking funds on Binance, they're actively choosing to move capital IN during a period where most platforms are seeing the opposite.
And it's not a one-off spike either. Binance's share has held steady through the whole contraction: ~55% of tracked CEX reserves, ~24% spot, ~36% perps, ~22% perps OI. Same numbers whether the market is loud or dead quiet.
Worth noting too, when capital rotated into the market's strongest performing sectors this month, Binance was the top venue by 24h volume across nearly all the leading tokens driving that momentum, ZEC, ETHFI, EIGEN, PUMP, LDO, and ETH included. So it's not just holding flows, it's where the actual trading activity for the hot sectors is happening.
On the trust side: Binance's zk-SNARK Proof of Reserves system stays open-sourced, and SAFU still sits at ~$1B in publicly verifiable onchain wallets. Reserve ratios for USDT and USDC are both holding above 100%, well above what's required.
That's the difference this cycle is testing exchanges on, and it's a test a lot of platforms are quietly failing right now.
Where do you think capital rotates next if this outflow trend keeps going?
#Binance #ProofOfReserves $BTC $ETH $BNB
EXPLOSION!
Binance users just OBLITERATED expectations, stacking BIGGER Bitcoin and Ethereum in June! While USDT saw a significant dip, the true believers are here. #ProofOfReserves #BTC #ETH
This historic shift signals a massive confidence boost in the core digital assets, potentially reshaping the market's perception of stability and long-term value. The flood has started. #CryptoNews
Are YOU on the right side of this power move? Get your crypto strategy locked in NOW!
Binance users just OBLITERATED expectations, stacking BIGGER Bitcoin and Ethereum in June! While USDT saw a significant dip, the true believers are here. #ProofOfReserves #BTC #ETH
This historic shift signals a massive confidence boost in the core digital assets, potentially reshaping the market's perception of stability and long-term value. The flood has started. #CryptoNews
Are YOU on the right side of this power move? Get your crypto strategy locked in NOW!
🟢 WHILE 77 EXCHANGES BLEED -$995M, $BNB BUCKS THE TREND 📊
While 77 tracked exchanges lost nearly a billion in net outflows last month, Binance stood firm with +$36.9M in positive flows — one of only three venues in the green. 📌 This isn't a one-off spike either. Binance's market share stayed steady through the contraction: ~55% of tracked CEX reserves, ~24% spot volume, and ~36% of perpetuals OI. Same numbers whether the market roars or goes silent.
💡 The real story is where the action is concentrated. When capital rotated into the strongest sectors, Binance led 24h volume across nearly all the top tokens driving that momentum — ZEC, ETHFI, EIGEN, PUMP, LDO, and ETH included. Meanwhile, stablecoin supply dropped $11B, spot ETF flows ran negative $4.3B, and volumes thinned everywhere else. Trust metrics back it up: open-sourced zk-SNARK Proof of Reserves, SAFU at $1B on-chain, and reserve ratios for USDT and USDC both well above 100%.
💬 If this capital outflow trend continues, where do you see liquidity rotating next? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Binance #ProofOfReserves #BNB #Crypto #InstitutionalFlows
🦈 📊
While 77 tracked exchanges lost nearly a billion in net outflows last month, Binance stood firm with +$36.9M in positive flows — one of only three venues in the green. 📌 This isn't a one-off spike either. Binance's market share stayed steady through the contraction: ~55% of tracked CEX reserves, ~24% spot volume, and ~36% of perpetuals OI. Same numbers whether the market roars or goes silent.
💡 The real story is where the action is concentrated. When capital rotated into the strongest sectors, Binance led 24h volume across nearly all the top tokens driving that momentum — ZEC, ETHFI, EIGEN, PUMP, LDO, and ETH included. Meanwhile, stablecoin supply dropped $11B, spot ETF flows ran negative $4.3B, and volumes thinned everywhere else. Trust metrics back it up: open-sourced zk-SNARK Proof of Reserves, SAFU at $1B on-chain, and reserve ratios for USDT and USDC both well above 100%.
💬 If this capital outflow trend continues, where do you see liquidity rotating next? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #Binance #ProofOfReserves #BNB #Crypto #InstitutionalFlows
🦈 📊
🚨 77 Crypto Exchanges Lost Nearly $1 Billion—Why Are Investors Rushing to Binance Instead?
The crypto exchange landscape is shifting faster than many expected. Since June, 77 cryptocurrency exchanges have collectively recorded nearly $1 billion in net outflows, while Binance has moved in the opposite direction, attracting approximately $36.9 million in net inflows. The contrast has sparked fresh discussions about where investors feel safest during uncertain market conditions.
One of the biggest reasons behind this trend is trust. As digital assets become increasingly valuable, users are paying closer attention to transparency, reserve strength, and platform security rather than simply chasing the lowest trading fees.
Binance has continued to strengthen investor confidence through its publicly available reserve reports and its well-known SAFU (Secure Asset Fund for Users), an emergency protection fund designed to help safeguard customer assets in extraordinary situations. These measures have reinforced the exchange's reputation among traders seeking stability in a market that remains highly volatile.
The movement of funds also reflects a broader change in investor behavior. Instead of spreading assets across multiple platforms, many users are consolidating their holdings on exchanges they believe offer stronger financial backing, and a proven history of handling market stress.
In today's market, credibility has become just as valuable as competitive trading features.For long-term crypto participants, this serves as a reminder that choosing an exchange is no longer just about available tokens or trading costs. As institutional adoption grows and regulatory expectations continue to evolve, exchanges that consistently demonstrate financial resilience may be better positioned to attract both retail and professional investors. The recent flow of capital suggests that confidence not just convenience is becoming one of the most valuable assets in the crypto industry.
#CryptoNewss #Bitcoin❗ #ProofOfReserves #CryptoExchange #blockchain
$DIA
The crypto exchange landscape is shifting faster than many expected. Since June, 77 cryptocurrency exchanges have collectively recorded nearly $1 billion in net outflows, while Binance has moved in the opposite direction, attracting approximately $36.9 million in net inflows. The contrast has sparked fresh discussions about where investors feel safest during uncertain market conditions.
One of the biggest reasons behind this trend is trust. As digital assets become increasingly valuable, users are paying closer attention to transparency, reserve strength, and platform security rather than simply chasing the lowest trading fees.
Binance has continued to strengthen investor confidence through its publicly available reserve reports and its well-known SAFU (Secure Asset Fund for Users), an emergency protection fund designed to help safeguard customer assets in extraordinary situations. These measures have reinforced the exchange's reputation among traders seeking stability in a market that remains highly volatile.
The movement of funds also reflects a broader change in investor behavior. Instead of spreading assets across multiple platforms, many users are consolidating their holdings on exchanges they believe offer stronger financial backing, and a proven history of handling market stress.
In today's market, credibility has become just as valuable as competitive trading features.For long-term crypto participants, this serves as a reminder that choosing an exchange is no longer just about available tokens or trading costs. As institutional adoption grows and regulatory expectations continue to evolve, exchanges that consistently demonstrate financial resilience may be better positioned to attract both retail and professional investors. The recent flow of capital suggests that confidence not just convenience is becoming one of the most valuable assets in the crypto industry.
#CryptoNewss #Bitcoin❗ #ProofOfReserves #CryptoExchange #blockchain
$DIA
🚨 BINANCE PROOF OF RESERVES UPDATE
Binance's latest Proof of Reserves snapshot (July 1) highlights a noticeable shift in user balances.
🟠 BTC holdings increased by 1.22%, reaching approximately 640,000 BTC.
Meanwhile:
🔹 ETH balances declined slightly.
🔹 USDT holdings also saw a modest decrease.
The data suggests users increased their Bitcoin exposure while reducing holdings in Ethereum and Tether during the reporting period.
#bitcoin #BTC #Binance #crypto #ProofOfReserves $BTC $ETH
Binance's latest Proof of Reserves snapshot (July 1) highlights a noticeable shift in user balances.
🟠 BTC holdings increased by 1.22%, reaching approximately 640,000 BTC.
Meanwhile:
🔹 ETH balances declined slightly.
🔹 USDT holdings also saw a modest decrease.
The data suggests users increased their Bitcoin exposure while reducing holdings in Ethereum and Tether during the reporting period.
#bitcoin #BTC #Binance #crypto #ProofOfReserves $BTC $ETH
🚨 Binance has released its 44th Proof of Reserves report.
User Bitcoin holdings increased by 7,715 BTC to nearly 640,000 BTC, while ETH and USDT balances declined slightly compared to the previous snapshot.
The rise in BTC holdings suggests users continue accumulating Bitcoin despite recent market volatility.
Is this another sign that long-term confidence in Bitcoin remains strong? 👀
#Bitcoin #BTC #Binance #ProofOfReserves #Crypto
User Bitcoin holdings increased by 7,715 BTC to nearly 640,000 BTC, while ETH and USDT balances declined slightly compared to the previous snapshot.
The rise in BTC holdings suggests users continue accumulating Bitcoin despite recent market volatility.
Is this another sign that long-term confidence in Bitcoin remains strong? 👀
#Bitcoin #BTC #Binance #ProofOfReserves #Crypto
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