Binance, the world's largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX.
In this context, Binance, which publishes reserve reports at regular intervals, has published the 31st Report (snapshot date June 1) of its reserves.
According to Binance’s official website, the reserve ratio (Binance holdings divided by user assets) for major cryptocurrencies is overcollateralized.
Apart from Bitcoin ($BTC ), the report includes USDT, Ethereum ($ETH ), $BNB , Solana (SOL), FDUSD, ENJ, 1INCH, CRV, MASK, HFT, BUSD, BOME, FORM, Hedera (HBAR), NEAR, Pepecoin (PEPE), S, SUI, WIF and TRUMP were featured.
Binance’s latest proof of reserves shows that BTC, USDT, ETH, and BNB reserves are overcollateralized by 102.13%; 101.52%; 100.00% and 111.74% respectively.
According to the latest report, users' Bitcoin assets decreased by 1.82% compared to the previous report, falling to 593 thousand BTC; while USDT assets decreased by 0.77%, falling to 28.83 billion.
Users' BNB assets also increased by 1.56% to 39.85 million.
Finally, when looking at users' Ethereum assets, it was seen that it increased by 1.05% to 5.33 million. #BinanceAlphaAlert
CoinGecko, one of the leading data platforms in the cryptocurrency market, shared the 20 most trending cryptocurrencies between May 31 and June 6. While the list reveals the projects that are the focus of investors, both coins with large market values and new projects on the rise attracted attention. At the top of the list was Bitcoin (BTC), with a market value of over $2 trillion. It was followed by Hyperliquid with a market value of $11.6 billion and Sui with a value of $10.2 billion. Established names in the market such as Solana and Ethereum also found a place in the top 10. Some notable projects in the top 20 were: GOHOME and Magic Eden attracted a lot of attention despite their relatively low market values. Names like Virtuals Protocol, Fartcoin, and SPX6900 have gained popularity among users despite being relatively smaller projects. Bitcoin (2043.3 billion USD) Hyperliquid ($11.6 billion) Sui (10.2 billion USD) Solana (77.4 billion USD) GOHOME (130.4 million USD) Ethereum ($296.7 billion) Virtuals Protocol (1.1 billion USD) Keeta ($408.0 million) Lagrangian (296.2 million USD) XRP (125.7 billion USD) Sophon ($101.5 million) Magic Eden ($130.7 million) Fartcoin (1.1 billion USD) Ondo (2.5 billion USD) Zebec Network ($354.2 million) Bittensor ($3.2 billion) SPX6900 ($1.1 billion) Ethena ($1.8 billion) Berachain (272.6 million USD) Plume ($301.4 million)
Currptocrrency analyst Joao Wedson give a remarkable suggestion about $DOGE coin. He said Doge will undergo a big pump. Looking at the overall health of the memecoin market, Wedson noted that the Memecoin Index, which consists of 16 major memecoins, is showing the first signs of recovery after a deep decline. This suggests that memecoins, including Dogecoin, may be starting to gain traction again.
While the memecoin market cap is much larger compared to 2021, Open Interest is still low (around $3.2 billion), according to Wedson, and daily trading volume is also well behind BTC or ETH at just $12 billion.
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$ETH at a breakout point: $2000 or $3500? $ETH is sitting right on its key trendline support. What happens next could be BIG! If support holds > $3000+ is coming! If it breaks $ETH could dip to $2,000 before the next pump! This is the moment where patience meets opportunity. Whats you think? #Etherem price pridiction
John Bollinger, a well-known analyst and inventor of Bollinger Bands, warned that the bullish momentum in $BTC was weakening and further pullbacks could occur.
John Bollinger stated in his post from his X account that a “Three Peaks Push” pattern has formed on the $BTC chart. #BinanceAlphaAlert
Cryptocurrency analysis firm CryptoQuant has pointed out a notable whale movement in the Bitcoin market.
According to data shared by the company, new investor wallets holding 1,000 $BTC BTC and above, or “new whales,” have been accumulating record levels of Bitcoin in recent months. #BinanceAlphaAlert
Cryptocurrency analyst James Van Straten has shared a remarkable analysis of $BTC recent price movements.
Van Straten argues that the record highs in question — $20,000 in 2017, $69,000 in 2021 and $109,000 in 2025 — do not accurately reflect investors’ profitability and market sentiment. Instead, he points out that the metric known as “realized price” is much more meaningful.
The FMOC meeting on May 7, 2025 has a notable impact on $BTC price trajectory. The FMOC decided to maintain interest rates at 4.25%- 4.50%, aligning with market expectations. This decision suggest that long term holder refraining from selling, indicating strong confidence in Bitcoin future performance. #BitcoinPrediction
As of May 7, 2025, Bitcoin (BTC) has experienced significant volatility, with its price reaching an intraday high of $97,513 and a low of $93,587. Currently, $BTC is trading at approximately $96,554, marking a 2.16% increase from the previous close.