Crypto Today 100

Binance's 19th Proof of Reserves and other news

By Yugocean | Crypto Today | 6 Jun 2024


Binance's 19th Proof of Reserves

     The world's largest crypto exchange platform, Binance, has announced the 19th POR (proof-of-reserves). The data for the POR is based on June 1st.

     All assets are backed by reserves in a 1:1 ratio. Data proves that user reserves for BTC and ETH have increased, but reserves of BNB and USDT decreased compared to May.

  Binance has recorded $1.54B outflows, and its asset reserve stands at $124.69 B.

 

 

BITCOIN PREDICTION

   Standard Chartered Executive made three new predictions for bitcoin, including $3T Market cap by year end (INFO).

 



INTERNATIONAL INCIDENT

   Hong-Kong SFC executive defends its harsh crypto licensing decision, which made Oversea exchanges like Binance, OKX etc to leave. (info).

 



STABLECOIN

   HONG-kONG Securities and Futures Commission is working towards development of Stablecoin, CBDC, and Tokenisation. (info).

 



BUSINESS is BUSINESS 

   BlackRock and Citadel to launch a new national stock exchange in Texas which might work 24/7, and support Tokenisation (info)

 



FFASTEST DeFI

   EigenLayer is fastest Decentralised finance, it has become second-largest DeFi protocol after its TVL exceeded $20B. (info).

 



BUSINESS ACQUISITION 

   Robinhood is acquiring cryptoverse's oldest running exchange 'Bitstamp' for $200 Millions (Info).

   Bitstamp's sale announcement shows that its strength in ethical behavior was its biggest weakness. (Info).

 



NFT

   China's Rivermen NFT has declared bankruptcy. it's value dropped from the ATH of 1.2 ETH in 2023, to 0.0075 ETH (info).

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Yugocean
Yugocean

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