
Binance Proof of Reserves fall by $3.5B in 24 hours
Binance's USD and BTC Proof of Reserves fall by $3.5 billion and 500 million, respectively, according to Glassnode data.
Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.

While Binance has recently gone through an outpouring of stablecoins, Nansen estimates it still holds $30 billion worth of stablecoins

Currently, less than 12% of all Bitcoin supply is held on exchanges while Binance and Coinbase account for 5.5%.

Andrew Thurman reported that market makers like Jump Trading and Wintermute were among the accounts that withdrew funds in the last 24 hours.

The charges include conspiracy to commit money laundering, conspiracy to commit wire fraud on customers and lenders and more.

Despite uncertainties, the CEO believes it's a good idea to "stress test withdrawals" on each centralized exchange on a rotation basis.

Wallets not available to the public may hold more than 50% of Binance's total assets, sources told CryptoSlate.



