Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report
Binance's latest proof-of-reserves (PoR) report has come under scrutiny following its depleting USDC reserves after the collapse of Silvergate Bank. The report released on Aug 1 to show transparency in the exchange’s dea...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The report released on Aug 1 to show transparency in the exchange’s dealings with user assets has sparked arguments across social media spaces heightened by Brian Armstrong’s witty comment at the company’s latest earning call....
Read More: Binance Sale of USDC for BTC and ETH Raises Fresh Concerns In Latest Proof-of-Reserves Report
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
XRP’s next Wall Street expansion comes with an unexpected complication from Ripple
Evernorth is preparing to begin trading on Nasdaq on Monday, bringing approximately 473 million XRP into a publicly traded treasur...
Luxor’s reported 6–13% annualized Bitcoin yield depends on mining delivery
Luxor, a Bitcoin mining derivatives provider, reported a 6–13% annualized Bitcoin financing spread in its September lookback, publ...
Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest in Binance’s ETHUSDT futures contract was 2.27% higher in ETH on Thursday, Oct. 8, over the last 48 hours,...
Aave’s USDG rollover plan has a yield below most quoted borrowing rates
Aave’s proposed USDG rollover would let borrowers carry their stablecoin debt into a new fixed-yield USDG position, but the replac...
Some Aave loans sit near liquidation with collateral that can take hours to cash out
Some Aave loans backed by yield-bearing collateral had narrow liquidation buffers in LlamaRisk’s Oct. 9 snapshots. Every top PT-AU...
Tether Freezes $1.45M in THORChain USDT Vaults, Then Reverses Blacklist Hours Later
Key Takeaways: The amount of about $1.45 million in USDT was temporarily frozen in THORChain vault addresses. According to THORCha...