Bitget Releases July Reserve Proofs, BTC and ETH Reserve Rates at 454% and 171% Respectively
Bitget2023/07/10 01:35Cryptocurrency trading platform Bitget has released its eighth Proof of Asset Reserves (snapshot taken on July 6 at 16:00 GMT), with BTC reserves at 454%, USDT reserves at 135%, ETH reserves at 171% and USDC reserves at 2604%. User BTC assets amounted to 2,311.23 coins, user ETH assets amounted to 1.12 million coins, and user USDT assets amounted to 346 million coins.
In previous news, blockchain analytics platform Nansen recently released a report on the changing landscape of CEX. According to the report, users need more transparency and protection from CEX to ensure the safety of their assets due to the multiple black swan events at the end of 2012. Among the mainstream centralized trading platforms, Bitget is one of only two platforms to make public the address of its protection fund wallet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Updates: Bitcoin Jumps After US-China Trade Agreement Eases Global Tensions
- U.S.-China preliminary trade framework averted 100% tariffs, boosting Bitcoin to $113,500 and lifting crypto market cap to $3.92 trillion. - The deal suspended tariffs and rare earth export curbs, with U.S. Treasury Secretary Bessent and Chinese VP He Lifeng emphasizing mutual benefits. - Reduced geopolitical risk drove Bitcoin's 1.8% gain and Ethereum's $4,040 surge, though analysts warn talks could reignite volatility if collapsed. - Upcoming Trump-Xi summit in South Korea may finalize terms, with outc
Solana News Update: Alpenglow Enhancement Aims to Address Centralization Concerns by Reducing Validator Expenses
- Solana's Alpenglow upgrade aims to slash validator costs by reducing voting fees, targeting decentralization and lower entry barriers for node operators. - Marinade Labs’ CEO emphasized addressing centralization risks through affordable validator participation, prioritizing quantity over quality in node diversity. - Solmate Infrastructure plans Middle East validator deployment and aggressive M&A expansion, leveraging discounted SOL treasury assets for growth. - Market demand for Solana exposure grows as
SHIB's Subtle Surge: Major Institutional Investment May Trigger a 670% Increase
- Shiba Inu (SHIB) faces critical consolidation near $0.00000985, down 52% from its 2024 peak, with analysts forecasting a potential 670% surge if key resistance levels break. - Institutional adoption, including T. Rowe Price's SHIB-inclusive ETF, adds credibility, signaling growing traditional finance interest in digital assets post-US regulatory pause. - Technical indicators show waning bearish pressure at $0.0000090–$0.0000095, while on-chain data reveals 1.54 million SHIB holders maintaining long-term
AI Arbitrage Brings Professional-Level Crypto Trading to Everyday Investors
- Lyno ($LYNO) aims to democratize institutional-grade crypto trading via AI-driven cross-chain arbitrage, targeting 10,700%-11,000% returns by 2025. - The presale offers retail investors access to automated arbitrage tools across 15 blockchains, with early buyers incentivized by a $100,000 giveaway. - Unlike speculative projects like Neiro, $LYNO's governance model allocates 30% protocol fees to token holders and includes Cyberscope-audited smart contracts. - Critics warn of market volatility and regulato
Trending news
MoreCrypto prices
More
