Binance’s Total market Value Accounts Nearly $69 Billion

Binance, the leading crypto exchange recently called off its partnership deal with bankrupt FTX after the firm learnt that FTX has mishandled its customer funds and alleged US agency’s investigations.

Now, Binance has disclosed a list of coldwallets and reserves which claims that the firm holds nearly 475,000 BTC, 4.8M Ether, 17.6B USDT, 601M USDC along with 21.7B BUSD and 58M BNB. These figures account for a total holding of nearly $69 billion as per present market prices. The firm has further stated that in the coming weeks it will release its Merkle Tree proof-of-funds.

Binance FTX USDT

Original Link

Comments

All Comments

Recommended for you

Cointime May 4th News Express

1. Hong Kong Bitcoin Spot ETF has held 4,218 BTC since its listing three days ago
USDT issuance on TON chain reaches $100 million

According to official data, the issuance and circulation of USDT on the TON chain has reached 100 million US dollars, making TON the fastest-growing blockchain for Tether USDT issuance in Web3 history.
Cointime May 3rd News Express

1. The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
cointelegraph ·

Binance tax evasion trial moved to May 17 in Nigeria

Gambaryan’s lawyer, Chukwuka Ikuazom, objected, citing Nigerian law, stating he couldn’t plead until Binance, the primary defendant, was served.
Cointime April 23th News Express

1. EigenLayer: Deposit limits for all LST tokens will be removed on April 16
Cointime April 5th News Express

1.Mystiko.Network Community Sale Completed, Total $11.25 Million in XZK Sold2.Solana Co-founder Responds to the Sharp Increase in Transaction Failure Rates: Patch Coming Soon3.Ethena USDe market value exceeds 2 billion US dollars, setting a new record4.Du Jun, Executive Director and CEO of Xinhuo & Founder of ABCDE: Xinhuo Technology and ABCDE will invest 100 million US dollars to support blockchain companies that promote social development 5.QCP Capital: Bitcoin is expected to return to $70,000 this week, while Ethereum continues to be weak6.bitSmiley Labs officially launches its independent ecosystem plan, bitUniverse, and reveals its OG pass bitDisc-Black Upgraded Priviledges 7.Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX 8.SuperRare Expands into Bitcoin Ordinals with Killer Acid's Psychedelic Art Collection 9.A dormant whale address for 8 months deposited 1,100 BTC into Binance10.Meme exchange DerpDEX.com completes multi-million dollar strategic investment, with participation from ABO Digital and others
cointelegraph ·

Here are the next biggest crypto court cases with the SBF saga over

Binance ex-boss CZ will be sentenced in April and the ring of FTX executivies that admitted to fraud are also set to soon be sentenced.
cointelegraph ·

Floki Inu roadmap reveals plans for regulated bank accounts

Floki hopes to expand beyond memecoin status by introducing debit cards, digital accounts and educational platforms for users.
cointelegraph ·

Biden pressured to intervene in US citizens detention by Nigeria

The Chamber of Digital Commerce believes that Gambaryan’s detention is arbitrary, without due process, and presents a significant challenge to international law norms and diplomatic relations.
cointelegraph ·

Binance class-action lawsuit dismissal reversed by appeals court

The United States appeals court declared that the rationale given by the district court for dismissing the lawsuit against crypto exchange Binance was "erroneous."