Binance's latest Proof of Reserves report has some interesting insights. The report shows that Bitcoin reserves have dropped by 4.68%, with user assets falling to 580,111 BTC from 608,586 BTC in the previous month ¹. On the other hand, Ethereum reserves have increased by 5.24%, reaching 4.945 million ETH, indicating a bullish sentiment towards Ethereum or increased usage of the platform for Ethereum-based transactions ¹.

Tether reserves have also surged by 20.93% to $25.22 billion, reflecting the market's preference for stablecoins, especially in times of volatility ¹. Binance's native token, BNB, saw a slight decline of 2.15%, with user holdings falling to 37.12 million BNB ¹.

It's worth noting that Binance's reserve ratios for major assets like Bitcoin, Ethereum, and Tether are above 100%, ensuring the platform's ability to manage withdrawals and maintain stability ¹ ².

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