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A snapshot of Binance's Proof of Reserves (PoR) dashboard. Audit Time and Verification: The audit is dated 01/12/24 at BTC Block Height 872689. Verification Mechanism: zk-SNARKs (a zero-knowledge proof method ensuring data privacy while proving reserves). Merkle Root Hash: Displays the cryptographic root hash used to verify reserves (unique identifier of the audit data). Reserve Ratios and Assets: Shows the reserve ratios for several cryptocurrencies and stablecoins, highlighting how well Binance is covering its customer net balances. Asset Breakdown: BTC (#Bitcoin ): Reserve Ratio: 108.21% (over-collateralized). Customer Net Balances: 580,111.242 BTC. Binance Net Balances: 627,745.577 BTC. USDT (#Tether ): Reserve Ratio: 108.96%. Customer Net Balances: 25,219,800,353.691 USDT. Binance Net Balances: 27,478,766,107.743 USDT. ETH (#Ethereum ): Reserve Ratio: 102.68%. Customer Net Balances: 4,945,692.541 ETH. Binance Net Balances: 5,078,355.565 ETH. BNB (#binancecoin ): Reserve Ratio: 105.54%. Customer Net Balances: 37,124,817.66 BNB. Binance Net Balances: 39,182,785.337 BNB. SOL (#Solana ): Reserve Ratio: 101.38%. Customer Net Balances: 27,303,879.491 SOL. Binance Net Balances: 27,680,909.192 SOL. FDUSD (First Digital USD): Reserve Ratio: 124.46% (highly over-collateralized). Customer Net Balances: 1,260,486,541.802 FDUSD. Binance Net Balances: 1,568,810,004.975 FDUSD. XRP (Ripple): Reserve Ratio: 100.31% (close to exact balance). Customer Net Balances: 2,906,457,975.426 XRP. Binance Net Balances: 2,915,403,958.877 XRP. USDC (USD Coin): Reserve Ratio: 133.35% (highly over-collateralized). Customer Net Balances: 1,987,798,991.806 USDC. Binance Net Balances: 2,650,677,125.227 USDC. $SOL $USDC $BNB
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Quantum Leap or Bitcoin's Kryptonite? Google's Genesis Chip Sparks Security Debate
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The Total Value Locked (#TVL ) for the last 24 hours is as follows: 1. #worldchain : +15% – Significant daily growth in TVL, leading the list. 2. #Loopring : +2.9% – Moderate increase in TVL. 3. #OPMainnet : +3.7% – Notable positive change. 4. Derive : +3.7% – Matches OP Mainnet's increase in the last 24 hours. 5. #ImmutableX : +3.8% – Slightly higher than Derive and OP Mainnet. 6. Metis: +2.7% – Positive daily TVL increase. 7. Taiko: +2.4% – Smaller gain in TVL compared to others. 8. Orderly: +2.2% – Minor increase for the day. 9. Arbitrum One: +1.3% – Smallest positive gain in the 24-hour period. Key Observations: World Chain shows the highest percentage increase (+15%) over the last 24 hours. Chains like Immutable X, OP Mainnet, and Derive experienced healthy growth of around 3.7–3.8%. Arbitrum One had a minimal increase of +1.3%, despite holding the highest TVL overall. $LRC $WLD $OP
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The 24-hour active addresses metric shows the percentage change in distinct addresses interacting with each chain over the past 24 hours: 1. #scroll : +69% 2. #Blast : +27% 3. Zora: +31% 4. Arbitrum One: +14% 5. #RedStone : +11% 6. Taiko: +9.4% 7. #Starknet : +9.4% 8. #OPMainnet : +6.8% 9. rhino.fi: +4.5% 10. ZKSync Era: +1.6% $SCR $ARB $STRK
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Around 2010-2011, #ChamathPalihapitiya a former Facebook executive and venture capitalist stumbled upon #Bitcoin through his network of Silicon Valley innovators. At the time, Bitcoin was still a fringe concept, largely overlooked by mainstream investors. However, Chamath, known for spotting transformative trends early, was intrigued by its decentralized nature and its potential to disrupt traditional finance. Seeing an opportunity, #Chamath made a bold move. He purchased about $5 million worth of Bitcoin when it was trading at just $80 per coin. As his conviction grew, he increased his holdings to nearly $100 million, confident that Bitcoin could serve as a hedge against traditional financial systems—what he called “schmuck insurance” in case of economic collapse. Chamath’s early entry and outspoken advocacy turned him into one of Bitcoin’s most prominent champions. He believed in its potential not just as an investment, but as a tool to challenge centralized power and democratize finance. His foresight and willingness to take risks cemented his place as a key figure in Bitcoin’s rise to global recognition. Chamath is the current owner of Social Capital, the investment firm he founded, which focuses on technology, healthcare, and financial businesses. He is also a part-owner of the Golden State Warriors, the NBA basketball team. $BTC
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