Chainlink price outlook: Saudi Awwal Bank partnership and shrinking reserves signal bullish breakout
Saudi Awwal Bank taps Chainlink to build regulated on-chain finance apps. LINK exchange reserves have fallen to multi-year lows, signalling accumulation. LINK’s price has held the $23 support but faces…
BNY Mellon to custody Ripple’s stablecoin reserves
Ripple partners with BNY Mellon to custody RLUSD reserves, aiming to enhance regulatory compliance and institutional trust. The move comes amid a surge of corporate and institutional interest in stablecoins,…
Tether plans new US dollar stablecoin as reserves near $120 billion amid Washington lobbying
Q1 2025 audit shows excess reserves down to $5.6 billion from $7 billion. Tether’s reserves are managed by Cantor Fitzgerald, raising scrutiny over potential conflicts. Competitor World Liberty Financial, backed…
Donald Trump’s team considering XRP, Solana, and USDC strategic reserves
Trump’s team eyes XRP, Solana, and USDC reserves as part of the “America-first” policy. The move aims to boost US crypto innovation. However, the move has some wondering whether it…
Dogwifhat tumbles and CEX reserves fall: this memecoin could be the next big thing
Dogwifhat crashes with the broader crypto slump. WIF investors cash out and exchange reserves drop. iDEGEN could be 2025’s memecoin leader. The popular meme coin Dogwifhat (WIF) has seen a…
Tether’s excess reserves rose to $3.3B in Q2: report
Tether’s excess reserves for the USDT stablecoin hit $3.3 billion in Q2. An attestation report for the quarter by BDO showed operational profits of over $1 billion. Tether’s consolidated liabilities…
Exclusive: Bitget’s proof of reserves sets record with a total reserve ratio of 223%
Bitget has been publishing verifiable data since December 2022. The recent proof of reserves shows USDC at a reserve ratio of 2604% The exchange’s reserve ratios have consistently exceeded 200%…
Circle says $3.3B of USDC reserves stuck at Silicon Valley Bank
Circle said it failed to remove $3.3 billion from Silicon Valley Bank. SVB is under FDIC receivership following its collapse. USDC depegged following the news, falling 8% to hit lows…
Binance admits “error” in mixing token reserves and user funds
Binance is allegedly working to fix the “error”. The crypto exchange released a proof of collateral report for all 94 Binance-pegged tokens, or B-Tokens. Data suggested the Binance wallet holding…
Why have Some Exchanges not Released Proof of Reserves?
The fall of FTX has led to calls for increased transparency among crypto exchanges. Several centralised exchanges have released proof of reserves to regain public trust. However, it may take…