According to data monitored by Lookonchain, Blast's TVL has exceeded $279 million, including 115,550 ETH ($239 million). As withdrawals will be enabled on February 24th next year, the 115,550 ETH ($239 million) will be locked until February 24th, 2024.
#ETH.

On November 21st, according to CoinDesk, Avalanche ecosystem developer and accelerator Colony Lab announced that they will invest $10 million to support the long-term development of the network.The company stated that they have purchased over 500,000 AVAX tokens worth $8 million in the past few months, and these funds will be used to establish a validator program that benefits AVAX holders.
#ETH.

CryptosHeadlines.com - The Leading Crypto Research Network:

Binance Reports Strong Liquidity for XRP and SHIB Tokens in Proof-of-Reserve (PoR) Update

The collapse of FTX Derivatives Exchange in November last year had a significant impact on various crypto trading platforms, including #Binance, the largest platform in terms of daily trading volume.

In response to this event, Binance took the lead by introducing the Proof-of-Reserve (PoR) initiative. This initiative aims to provide transparency to users and the public regarding the liquidity of tokens held on the Binance platform.

Binance, in a recent update to its Proof-of-Reserve (PoR) initiative, has shared the latest token balance updates for popular tokens such as XRP and #ShibaINU  (SHIB).

Binance PoR Update: Digital Currency Highlights

Binance has recently released the 8th updated Proof-of-Reserve (PoR) report, continuing its transparency efforts that began after the collapse of FTX. These regular publications aim to provide users with increased visibility into Binance’s operations and token reserves.

According to the recent disclosure, Binance reported a total customer balance of 2,594,820,681.419 XRP, while their net balance for XRP stood at 2,696,455,113.87 units. The XRP balance ratio of 103.92% indicates that the trading platform possesses sufficient liquidity to meet customer obligations. In simpler terms, Binance holds more XRP than what customers have deposited, ensuring readiness to fulfill any obligations.

Binance’s SHIB Balance: Reassuring Ratio in Proof-of-Reserve Update

In the recent Proof-of-Reserve (PoR) update, Binance disclosed its SHIB (Shiba Inu) balance. The exchange’s balance of SHIB was reported as 79,148,840,350,012.94, which significantly exceeds the customer balance of 77,062,679,485,107.72, resulting in a SHIB ratio of 102.71%.

The consistent publication of PoR reports by Binance aims to demonstrate to investors that their funds can be fully redeemed at any given time. The concern over exchanges commingling customer funds, as witnessed with FTX, has led to an increased preference for self-custody solutions. Binance’s commitment to transparency and initiatives like PoR serve to rebuild trust in exchanges and reassure investors of the security of their funds.

Binance’s Strong Bitcoin and Ethereum Position

In addition to the significant differences in XRP and SHIB balances compared to its customers, Binance also holds a solid position in Bitcoin (BTC) and Ethereum (ETH), two of the most prominent cryptocurrencies. Among the vast array of digital currencies, Binance maintains a robust standing in BTC and #ETH.

According to the latest update, Binance reports a customer Bitcoin balance of 592,457.382, while the exchange’s balance stands at 617,960.43. These figures demonstrate the robust liquidity of Binance in the largest digital currency, Bitcoin.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

$SHIB #xrp $BTC

Stablecoin protocol Raft announced that based on the feedback we have received, we have edited the recovery plan to include all veRAFT holders in the recovery plan. The proposal will be open for feedback and suggestions until 23:59 UTC on November 22, 2023.
#ETH.

According to a post by Bitstamp on the X platform, Glassnode mistakenly stated that Bitstamp lost 38% of its Bitcoin reserves in a data set, when in fact the net outflow was only 1%. Previously, on November 22nd, cryptocurrency exchange Bitcoin outflows reached $600 million, mainly from two platforms, Binance and Bitstamp. After an agreement was signed between the US Department of Justice (DOJ) and Binance, Binance experienced an outflow of about 8,000 Bitcoins, equivalent to nearly $288 million. Bitstamp experienced another significant drop, losing approximately 16,500 Bitcoins, with 24,000 BTC remaining, accounting for 38% of the outflow. (Cryptoslate)
#ETH.