Reserves


Finance

Binance Bitcoin Reserves Slumped $355M in January as User Balances Rose by $4.4B

The ratio of Binance USDT reserves to user balances also dropped significantly.

Richard Teng (Binance)

Markets

Binance's Bitcoin Reserves Drop as Retail Flow Moves to Coinbase: CryptoQuant

The move appears to be in anticipation of the approval of spot bitcoin ETFs.

(Alpha Photo/Flickr)

Policy

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents

Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.

(Shutterstock)

Markets

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.

(Sandali Handagama/ CoinDesk)

Finance

Binance Shifts to ‘Semi-Automated’ Process to Manage Reserves of Tokens It Issues

Reserves for these tokens had previously been mixed with customer funds.

Las especulaciones recientes sobre el estado de Binance, el exchange de criptomonedas más importante del mundo, también golpearon la participación de mercado de su stablecoin. (Danny Nelson/CoinDesk)

Finance

Indian Crypto Exchange Giottus Says It Will Provide Proof of Reserves, While Rivals Remain Silent

While lesser known than many, Giottus is among the top 10 cryptocurrency exchanges in India.

The Internet and Mobile Association of India has disbanded its body representing India's crypto industry. (Laurentiu Morariu/Unsplash)

Finance

New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings

BDO Italia said the holdings fell 58% to $8.5 billion at the end of the most recent quarter.

Tether Chief Technology Officer Paolo Ardoino.  (Twitter/Bitfinex, modified by CoinDesk)

Markets

Circle’s Detailed Reserve Report Shows Only Cash, Short-Term Treasurys Back USDC Stablecoin

The asset breakdown comes at a time when crypto firms and their finances are under increasing scrutiny in the ongoing crypto credit crisis.

Circle (Sandali Handagama/ CoinDesk)

Finance

Animoca Brands’ Investment Portfolio Now Worth Over $1.5B

The gaming investment firm also reported $573 million in bookings and other income for the first four months of 2022.

Yat Siu

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