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First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K

On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.

Bitcoin staged a small rally but was still trading near two-year lows. (Andriy Onufriyenko/Getty Images)
Bitcoin staged a small rally but was still trading near two-year lows. (Andriy Onufriyenko/Getty Images)