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Binance Publishes 12th Proof of Reserves, Report Shows 100%+ Coverage.
Leading crypto exchange Binance released its 12th proof of reserves report on Wednesday, providing a snapshot of its user asset holdings as of November 1st. The report showed moderate decreases in bitcoin but gains in ether.
Binance’s proof-of-reserves system analyzes its own wallets to demonstrate coverage of user funds. The latest report provided figures, including:
• Bitcoin holdings decreased 0.7% to 584,000 BTC from October 1st.
• Ether holdings increased 2.2% to 3.91 million ETH.
• BNB holdings rose 6.4% to 31.21 million.
• USDT holdings dropped 0.2% to 15.27 billion.
The moderate fluctuations in bitcoin, ether, and stablecoins indicate relatively steady platform activity over the past month as markets traded sideways.
Reserves still provide 100%+ coverage
Importantly, Binance’s reserves continue to provide at least 100% coverage of all monitored liabilities across assets.
• BUSD reserves equal 133.6% of customer balances
• USDC reserves equal 103.7% of customer balances
• LTC reserves equal 101.43% of customer balances
• XRP reserves equal 104.18% of customer balances
Ongoing scrutiny after FTX collapse
Binance’s frequent disclosures aim to provide transparency following FTX’s dramatic collapse due to mismanagement of customer deposits.
Unlike audits, Binance’s cryptographic proofs showcase total wallet balances. But details on exact custody arrangements and liabilities remain unclear.
Still, Binance’s reserves report provides reassurance during the turbulence created by FTX’s failure. The exchange hopes consistent disclosures will differentiate it as users grow cautious of centralized platforms.
#BinanceSquareTalks #BTC #ETHvsBTC #BNB🔥 #USDT $BTC $ETH $BNB
Leading crypto exchange Binance released its 12th proof of reserves report on Wednesday, providing a snapshot of its user asset holdings as of November 1st. The report showed moderate decreases in bitcoin but gains in ether.
Binance’s proof-of-reserves system analyzes its own wallets to demonstrate coverage of user funds. The latest report provided figures, including:
• Bitcoin holdings decreased 0.7% to 584,000 BTC from October 1st.
• Ether holdings increased 2.2% to 3.91 million ETH.
• BNB holdings rose 6.4% to 31.21 million.
• USDT holdings dropped 0.2% to 15.27 billion.
The moderate fluctuations in bitcoin, ether, and stablecoins indicate relatively steady platform activity over the past month as markets traded sideways.
Reserves still provide 100%+ coverage
Importantly, Binance’s reserves continue to provide at least 100% coverage of all monitored liabilities across assets.
• BUSD reserves equal 133.6% of customer balances
• USDC reserves equal 103.7% of customer balances
• LTC reserves equal 101.43% of customer balances
• XRP reserves equal 104.18% of customer balances
Ongoing scrutiny after FTX collapse
Binance’s frequent disclosures aim to provide transparency following FTX’s dramatic collapse due to mismanagement of customer deposits.
Unlike audits, Binance’s cryptographic proofs showcase total wallet balances. But details on exact custody arrangements and liabilities remain unclear.
Still, Binance’s reserves report provides reassurance during the turbulence created by FTX’s failure. The exchange hopes consistent disclosures will differentiate it as users grow cautious of centralized platforms.
#BinanceSquareTalks #BTC #ETHvsBTC #BNB🔥 #USDT $BTC $ETH $BNB
when it comes to #ETHvsBTC even with #ETHETFsApproved $BTC will always be the king. But if you really want to see your balance grow then consider investing in coins with higher potential growth. $SOL ,$PEPE and BONK are some suggestions. Keep in mind he potential Gain not just the market price. Sure there are more to consider but I write posts for those who can't already afford a big investment . That's all folks
MARKET UPDATE: $ETH
It has confirmed a breakout from the symmetrical triangle pattern, followed by a successful retest above it and it has also breached the Point of Control (POC) level.
Sustained trading above the symmetrical triangle indicates a continuation of the bullish trend, suggesting a potential for further upward movement in the foreseeable future.
#Ethereum2025 #ETHvsBTC #EthereumLeads
It has confirmed a breakout from the symmetrical triangle pattern, followed by a successful retest above it and it has also breached the Point of Control (POC) level.
Sustained trading above the symmetrical triangle indicates a continuation of the bullish trend, suggesting a potential for further upward movement in the foreseeable future.
#Ethereum2025 #ETHvsBTC #EthereumLeads
VIP MARKET UPDATE: $ETH 🔥
It executed a strong upward movement, aligning closely with the earlier prediction 🤝 , and successfully reached the horizontal resistance level.
Presently, there's a notable retracement taking place, with the potential for a bullish signal if the price undergoes a breakout retest. Alternatively, a rejection from this resistance could signify the formation of a higher low, suggesting a potentially bullish trend continuation.
#ETH #etf #ETHvsBTC #EthereumNFT #ETH+9.55% $ETH
It executed a strong upward movement, aligning closely with the earlier prediction 🤝 , and successfully reached the horizontal resistance level.
Presently, there's a notable retracement taking place, with the potential for a bullish signal if the price undergoes a breakout retest. Alternatively, a rejection from this resistance could signify the formation of a higher low, suggesting a potentially bullish trend continuation.
#ETH #etf #ETHvsBTC #EthereumNFT #ETH+9.55% $ETH
Blackrock has filed an ETH etf application.
After this application, ETH rose by around 10%
#ETHvsBTC #ETFTrends #ETH #Ethereum $ETH
After this application, ETH rose by around 10%
#ETHvsBTC #ETFTrends #ETH #Ethereum $ETH
JUST IN: BlackRock has not filed for a Spot XRP ETF, spokesman confirms.
#etf #BTC #BinanceSquare #DeFiChallenge #ETHvsBTC
#etf #BTC #BinanceSquare #DeFiChallenge #ETHvsBTC
⚡️ProShares announces launch of short Ether-linked ETF
ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s Arca under the ticker symbol SETH and is designed to provide investors with an opportunity to profit from the volatility of Ether’s price. 💹
#BTC #ETHvsBTC #etf #ETFNews #Pristrade $BTC $ETH
ProShares’s new Short Ether Strategy ETF is set to start trading on the New York Stock Exchange’s Arca under the ticker symbol SETH and is designed to provide investors with an opportunity to profit from the volatility of Ether’s price. 💹
#BTC #ETHvsBTC #etf #ETFNews #Pristrade $BTC $ETH
🚀📈 ETH Signals Altcoin Surge: Crucial Decision Time! 📈🚀
Crypto enthusiasts, the altcoin arena is buzzing, and a critical moment has arrived! 🌐✨ #Ethereum, the altcoin locomotive, holds the key to this unfolding drama.
🔍 ETH/BTC Parity Update: Breaking Down Resistance!
The ETH/BTC pair has hit a crucial resistance point, currently standing at 0.062.Let's dive into the chart together to decipher the implications. 👇
📊 Chart Analysis: Unveiling the Future Moves!
Check out the chart for a visual journey. If the 0.062 resistance shatters and sees a daily close above it, brace for an ETH/BTC surge.A rising ETH/BTC ratio signifies Ethereum outperforming Bitcoin—a clear signal for the impending altcoin rally.
💹 Altcoin Season Indicator: Ethereum's Lead Matters!
Ethereum's ascent often acts as the first domino, triggering a broader altcoin rally.Imagine a scenario where Ethereum becomes the star, outshining Bitcoin in both falls and rises.
📉📈 Strategic Moves Await: Altcoin Investments on Radar!
The breakdown of 0.062 resistance could herald an altcoin-focused strategy.Stay tuned for an upcoming detailed post tonight, guiding you on strategic altcoin investments based on this breakthrough.
👀 Opinions Wanted! Share Your Thoughts!
What's your take on this critical moment? How do you foresee the altcoin landscape evolving? Your opinions matter! 🗣️💭
🚀🔄 Like, Share, and Follow @MemeLauncher for the Altcoin Insights! #AltcoinSurge #ETHvsBTC #TokenMaestro #BTC #ETH $BTC $ETH
Crypto enthusiasts, the altcoin arena is buzzing, and a critical moment has arrived! 🌐✨ #Ethereum, the altcoin locomotive, holds the key to this unfolding drama.
🔍 ETH/BTC Parity Update: Breaking Down Resistance!
The ETH/BTC pair has hit a crucial resistance point, currently standing at 0.062.Let's dive into the chart together to decipher the implications. 👇
📊 Chart Analysis: Unveiling the Future Moves!
Check out the chart for a visual journey. If the 0.062 resistance shatters and sees a daily close above it, brace for an ETH/BTC surge.A rising ETH/BTC ratio signifies Ethereum outperforming Bitcoin—a clear signal for the impending altcoin rally.
💹 Altcoin Season Indicator: Ethereum's Lead Matters!
Ethereum's ascent often acts as the first domino, triggering a broader altcoin rally.Imagine a scenario where Ethereum becomes the star, outshining Bitcoin in both falls and rises.
📉📈 Strategic Moves Await: Altcoin Investments on Radar!
The breakdown of 0.062 resistance could herald an altcoin-focused strategy.Stay tuned for an upcoming detailed post tonight, guiding you on strategic altcoin investments based on this breakthrough.
👀 Opinions Wanted! Share Your Thoughts!
What's your take on this critical moment? How do you foresee the altcoin landscape evolving? Your opinions matter! 🗣️💭
🚀🔄 Like, Share, and Follow @MemeLauncher for the Altcoin Insights! #AltcoinSurge #ETHvsBTC #TokenMaestro #BTC #ETH $BTC $ETH
