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Can You Really Trust Crypto Exchanges? Binance’s Proof of Reserves (PoR) has your back
🚨 Crypto bros: “Trust me, bro, your funds are safe.”
😨 Users: “Umm... FTX said that too.”
🛡️ Binance: “Hold my Merkle tree.”
That’s where Proof of Reserves (PoR) comes in—so you don’t have to trust blindly. It’s Binance’s way of saying, “Here’s the math, check it yourself.”
Why Should You Care About PoR?
💀 Prevents Crypto Ponzi Schemes – No funny business, just cold, hard reserves.
😌 Gives You Peace of Mind – No need to spam “SAFU?” in Telegram.
📜 Regulators Be Watching – Keeps the suits happy so we don’t get rugged.
Binance’s Latest PoR Report (Because Receipts Matter 📜)
Here’s how much Binance actually holds vs. what users have deposited:
BTC Ratio
103.79%
Customer Net Balances: 575,852.891
Binance Net Balances: 597,658.074
ETH Ratio
106.56%
Customer Net Balances: 4,002,782.994
Binance Net Balances: 4,265,238.882
BNB Ratio
106.04%
Customer Net Balances: 31,999,106.454
Binance Net Balances: 33,932,195.889
USDT Ratio
123.20%
Customer Net Balances: 16,855,152,494.241
Binance Net Balances: 20,765,933,978.501
BUSD Ratio
167.91%
Customer Net Balances: 259,864,509.361
Binance Net Balances: 436,326,454.403
USDC Ratio
117.88%
Customer Net Balances: 740,598,563.358
Binance Net Balances: 872,983,723.394
LTC Ratio
100.77%
Customer Net Balances: 5,757,036.348
Binance Net Balances: 5,801,547.958
XRP Ratio
104.26%
Customer Net Balances: 2,743,502,067.169
Binance Net Balances: 2,860,446,327.208
📌 Translation: Binance isn’t running on “trust me, bro” economics. They actually have more reserves than user deposits. Your bags = backed.
How Binance Uses the Merkle Tree to Keep It 100% Transparent 🌳
Merkle Tree? Sounds Fancy. But it’s basically a cryptographic way to verify that Binance actually holds the assets they claim—without exposing user data.
🔍 How It Works (In Simple Terms):
1️⃣ Snapshot – Binance takes a pic 📸 of all user balances.
2️⃣ Hash It Up – Your balance is turned into a unique digital fingerprint. 🔢
3️⃣ Tree Formation – All fingerprints are combined until we get a final Merkle Root. 🌳
4️⃣ Public Proof – Binance publishes the root for anyone to check. 👀
5️⃣ Self-Verification – You can confirm your funds are in there without exposing your wallet details. 🔒
🤓 Analogy: Imagine all Binance users got a digital receipt 🧾. These receipts are combined into one big super receipt 📜. If your individual receipt is in the final record, you know your funds exist.
But Wait, There’s More: Third-Party Audits 🔍
Because let’s be real—if Binance only verified itself, you’d call it sus. That’s why external auditors step in to:
✅ Verify Binance’s total reserves.
✅ Match user deposits with real assets.
✅ Ensure Binance isn’t covering losses with funny money.
Final Thoughts: Is PoR Enough?
👀 Some say PoR is a great start but doesn’t show liabilities (like debts an exchange owes). Others argue it’s better than nothing.
🔥 What do you think? Is PoR enough, or do we need more? Drop your thoughts below! 🗣️👇
#CryptoNews #PoR #bitcoin #Binance #SAFU🙏
😨 Users: “Umm... FTX said that too.”
🛡️ Binance: “Hold my Merkle tree.”
That’s where Proof of Reserves (PoR) comes in—so you don’t have to trust blindly. It’s Binance’s way of saying, “Here’s the math, check it yourself.”
Why Should You Care About PoR?
💀 Prevents Crypto Ponzi Schemes – No funny business, just cold, hard reserves.
😌 Gives You Peace of Mind – No need to spam “SAFU?” in Telegram.
📜 Regulators Be Watching – Keeps the suits happy so we don’t get rugged.
Binance’s Latest PoR Report (Because Receipts Matter 📜)
Here’s how much Binance actually holds vs. what users have deposited:
BTC Ratio
103.79%
Customer Net Balances: 575,852.891
Binance Net Balances: 597,658.074
ETH Ratio
106.56%
Customer Net Balances: 4,002,782.994
Binance Net Balances: 4,265,238.882
BNB Ratio
106.04%
Customer Net Balances: 31,999,106.454
Binance Net Balances: 33,932,195.889
USDT Ratio
123.20%
Customer Net Balances: 16,855,152,494.241
Binance Net Balances: 20,765,933,978.501
BUSD Ratio
167.91%
Customer Net Balances: 259,864,509.361
Binance Net Balances: 436,326,454.403
USDC Ratio
117.88%
Customer Net Balances: 740,598,563.358
Binance Net Balances: 872,983,723.394
LTC Ratio
100.77%
Customer Net Balances: 5,757,036.348
Binance Net Balances: 5,801,547.958
XRP Ratio
104.26%
Customer Net Balances: 2,743,502,067.169
Binance Net Balances: 2,860,446,327.208
📌 Translation: Binance isn’t running on “trust me, bro” economics. They actually have more reserves than user deposits. Your bags = backed.
How Binance Uses the Merkle Tree to Keep It 100% Transparent 🌳
Merkle Tree? Sounds Fancy. But it’s basically a cryptographic way to verify that Binance actually holds the assets they claim—without exposing user data.
🔍 How It Works (In Simple Terms):
1️⃣ Snapshot – Binance takes a pic 📸 of all user balances.
2️⃣ Hash It Up – Your balance is turned into a unique digital fingerprint. 🔢
3️⃣ Tree Formation – All fingerprints are combined until we get a final Merkle Root. 🌳
4️⃣ Public Proof – Binance publishes the root for anyone to check. 👀
5️⃣ Self-Verification – You can confirm your funds are in there without exposing your wallet details. 🔒
🤓 Analogy: Imagine all Binance users got a digital receipt 🧾. These receipts are combined into one big super receipt 📜. If your individual receipt is in the final record, you know your funds exist.
But Wait, There’s More: Third-Party Audits 🔍
Because let’s be real—if Binance only verified itself, you’d call it sus. That’s why external auditors step in to:
✅ Verify Binance’s total reserves.
✅ Match user deposits with real assets.
✅ Ensure Binance isn’t covering losses with funny money.
Final Thoughts: Is PoR Enough?
👀 Some say PoR is a great start but doesn’t show liabilities (like debts an exchange owes). Others argue it’s better than nothing.
🔥 What do you think? Is PoR enough, or do we need more? Drop your thoughts below! 🗣️👇
#CryptoNews #PoR #bitcoin #Binance #SAFU🙏
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6.15 European Cup, followed by 7.26 Olympics, strongly optimistic about this track
#por sees 5.5 line
#chz sees 0.25-0.26 line
Bingtang has been laying out sports sector projects, capturing market hot spots in advance, and directly leading the treasures to successfully land!
Market rules, a thousand turns, reincarnation, inner cultivation, outer cultivation, the road is long and arduous. Doubt can filter risks, but it can also miss opportunities. If you want to seize opportunities, you must be brave to try. Different attitudes towards life will lead to different results. If you have no ambition, even if you have help from noble people, you will eventually be a hopeless person. All difficulties are not difficulties. The success story of an investor is actually a history of learning and growth. It is hard and beautiful all the way. Don't forget your original intention and you will always be successful.
#por sees 5.5 line
#chz sees 0.25-0.26 line
Bingtang has been laying out sports sector projects, capturing market hot spots in advance, and directly leading the treasures to successfully land!
Market rules, a thousand turns, reincarnation, inner cultivation, outer cultivation, the road is long and arduous. Doubt can filter risks, but it can also miss opportunities. If you want to seize opportunities, you must be brave to try. Different attitudes towards life will lead to different results. If you have no ambition, even if you have help from noble people, you will eventually be a hopeless person. All difficulties are not difficulties. The success story of an investor is actually a history of learning and growth. It is hard and beautiful all the way. Don't forget your original intention and you will always be successful.
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#Bitcoin
The bloodbath caused by the last Federal Reserve (Fed) meeting of 2024 was not limited to the stock markets. The cryptocurrency market, known for its volatility, proved to be even more vulnerable to interest rate signals in the United States. And the change in the US central bank's stance hit bitcoin (BTC) and other cryptocurrencies like a bomb, causing one of the largest sell-offs in the history of the currency.
After weeks of blue skies and successive records, bitcoin suffered a 13.4% drop, falling from its all-time high of US$108,000 to US$92,000. At the time of writing this text, the cryptocurrency had already recovered part of its value, trading at US$97,676.97, according to data from CoinMarketCap.
Altcoins suffered even steeper losses than bitcoin, with ethereum (ETH) down 16%, while dogecoin (DOGE) plummeting 26% at one point. The memecoin segment as a whole proved particularly volatile, with several posting double-digit declines. The total cryptocurrency market cap fell 11.8% in 24 hours to $3.33 trillion, according to CoinGecko. Historic cryptocurrency sell-off The signaling of a neutral interest rate scenario in the United States displeased investors who had expected more aggressive cuts in 2025, creating a climate of uncertainty in the market. Combined with the all-time high reached by crypto assets, this outlook spurred the liquidation of portfolios and profit-taking by many investors. In just 24 hours, a total of $1.4 billion worth of cryptocurrency positions were liquidated
#Por limited time$BTC $BTC
The bloodbath caused by the last Federal Reserve (Fed) meeting of 2024 was not limited to the stock markets. The cryptocurrency market, known for its volatility, proved to be even more vulnerable to interest rate signals in the United States. And the change in the US central bank's stance hit bitcoin (BTC) and other cryptocurrencies like a bomb, causing one of the largest sell-offs in the history of the currency.
After weeks of blue skies and successive records, bitcoin suffered a 13.4% drop, falling from its all-time high of US$108,000 to US$92,000. At the time of writing this text, the cryptocurrency had already recovered part of its value, trading at US$97,676.97, according to data from CoinMarketCap.
Altcoins suffered even steeper losses than bitcoin, with ethereum (ETH) down 16%, while dogecoin (DOGE) plummeting 26% at one point. The memecoin segment as a whole proved particularly volatile, with several posting double-digit declines. The total cryptocurrency market cap fell 11.8% in 24 hours to $3.33 trillion, according to CoinGecko. Historic cryptocurrency sell-off The signaling of a neutral interest rate scenario in the United States displeased investors who had expected more aggressive cuts in 2025, creating a climate of uncertainty in the market. Combined with the all-time high reached by crypto assets, this outlook spurred the liquidation of portfolios and profit-taking by many investors. In just 24 hours, a total of $1.4 billion worth of cryptocurrency positions were liquidated
#Por limited time$BTC $BTC
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#Por God someone help me, how do I sell my $115.00 here. I don't understand, the popular bank doesn't work with Binance. I deposited one from Bac and I don't know if I did it correctly😪. I would appreciate a patient and kind soul to help me. I am from Costa Rica.
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#por Please stop and invest in CHILENO crypto, they scammed us, since December 14th no one has been able to collect their profits, and they continue asking for deposits to activate the account but it is another scam.
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The European Cup will be held from June 14 to July 14, 2024. February and March before the start of the game, that is, mid-March and April, are the most enthusiastic times for fan tokens. Don’t look at the current sports sector. Damn it, when the bull market funds rotate into the sports sector, it will be 5.6 times a week. So what should we do now? It’s time to make arrangements! The first step is to slowly transfer out the floating profit positions. In the second step, the recommended buying points are #santos and #por , two currencies that are expected to exceed 10 times on the eve of the European Cup!
#BTC #ETH #EOS
#BTC #ETH #EOS
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