ChainCatcher news, according to chart data disclosed by Cointelegraph, the Bitcoin reserves held by cryptocurrency exchanges are currently reported to be approximately 2.68 million coins, reaching an all-time low.It is reported that the exchange reserves refer to the amount of Bitcoin stored in the wallets of major CEXs, and this metric is typically used to measure liquidity and market supply and demand dynamics. A higher Bitcoin reserve on exchanges usually indicates better market liquidity, allowing traders to buy and sell Bitcoin more easily.

According to ChainCatcher news, in an official announcement, Gate.io released its reserve report for October 2024, with a total reserve amount of $6.499 billion and a total reserve ratio of 120.22%. The excess reserves reached $1.093 billion, an increase of 26.6% compared to May. In terms of mainstream cryptocurrency reserves, the BTC reserve amount is 20,070 coins, a 9% increase from May, with a reserve ratio of 119.54%; the ETH reserve amount is 275,530 coins, a 16.7% increase from May, with a reserve ratio of 125.84%.It is understood that Gate.io's October reserve report covers 209 digital assets, with each asset's reserve ratio exceeding 100%. Users can verify their account asset reserves at any time on the 100% reserve page.

ChainCatcher message, the multi-chain liquidity re-staking protocol Bedrock announced on X the integration of Chainlink's Proof of Reserves to enhance its security and help prevent future attacks.It is reported that Bedrock is committed to pushing the boundaries of innovation while also recognizing that recent events have highlighted the importance of on-chain security. As an industry standard, Chainlink's Proof of Reserves will secure Bedrock's minting functionality, providing users with cryptographic assurance regarding asset reserves.

ChainCatcher news, according to Bloomberg, after an investigation, the U.S. Securities and Exchange Commission (SEC) has charged TrueCoin LLC and TrustToken Inc., the companies behind TrueUSD, with making false statements about the stablecoin being fully backed by U.S. dollars or equivalent currencies. It has been reported that a significant portion of the reserves supporting TrueUSD is invested in a high-risk offshore fund. Representatives of TrueUSD did not respond to requests for comment.Austin Campbell, head of a blockchain consulting firm, wrote on X: "The first rule is not to deceive your investors and users, and this clearly violates that rule. It's ironic that TrueUSD would do this." If, as Campbell suggests, the SEC's charges against TrueUSD are accurate, then this is a textbook case of fraud, not necessarily unique to "cryptocurrency." However, due to the branding effect of "cryptocurrency," TrueUSD can be said to reflect a problem unique to the cryptocurrency space.The media mentioned a previous report stating that TrueUSD's ownership structure is complex and opaque, with control shifting to an offshore entity named Techteryx Ltd., and its reserves being moved to a bank in the Bahamas. At that time, the company told the media that it moved funds to the Bahamas because the banking conditions for U.S. cryptocurrency firms were deteriorating. The failures of Silvergate Bank, Silicon Valley Bank, and Signature Bank had put many cryptocurrency companies in a difficult position. Like many U.S. cryptocurrency firms, TrueUSD's parent company was also eager to find new solutions to hold cash. In other industries, people would generally reject such moves; however, in the case of TrueUSD, many agreed. The reason people fall into this hype and misconception is that a core principle of cryptocurrency is that it is trustless, meaning you do not need to trust any third party. Therefore, people believe that assets on the blockchain offer a better solution than traditional finance.

ChainCatcher message, cryptocurrency asset management company 21Shares' parent company 21.co announced the integration of the industry-standard Chainlink proof of reserves on the Solana and Ethereum mainnets to enhance the transparency of 21.co's wrapped Bitcoin (21BTC).

ChainCatcher news, according to HODL15Capital monitoring, BTC is flowing out of exchanges. In the past 60 days, the BTC reserves on exchanges have decreased by nearly 100,000 coins (98,832 coins). As of the time of writing, the BTC reserves on exchanges are 2,345,211 coins.

ChainCatcher message, Ethereum Foundation's Justin Drake answered the question "How many years or months does the Ethereum Foundation have left before running out of funds?" during the AMA.Justin Drake shared his personal understanding: "The Ethereum Foundation's financial report is expected to be released soon. At the current price, the EF spends about $100 million per year, and the EF's main Ethereum wallet holds about $650 million. The Ethereum Foundation (EF) has a fiat reserve that can cover several years of operating funds. (This is the part I understand the least. As Aya mentioned, Ethereum sales were temporarily paused due to regulatory reasons, so the reserves were only replenished recently.) Roughly estimated, the foundation has about 10 years of funding reserves. This funding reserve will fluctuate significantly due to the volatility of Ethereum's price."

ChainCatcher news, according to Crypto Quant data, the Bitcoin exchange reserves have reached their lowest point this year, dropping to about 2.69 million coins.

ChainCatcher message, as a liquidity infrastructure focused on improving capital efficiency, Sumer.money announced today a strategic partnership with Solv Protocol, which will further support the liquidity strategies of Solv Protocol's core assets across multiple networks including Ethereum, Arbitrum, zkLink, and Base.Meanwhile, Sumer has quickly accumulated nearly $2,000,000 in liquidity for solvBTC.m on the zkLink Nova mainnet.Sumer.money has previously received investments from several VCs including Pantera.

ChainCatcher message, CryptoQuant posted on social media that Bitcoin miner reserves have fallen to the lowest level since the historical high in early 2021.

ChainCatcher news, gold advocate and economist Peter Schiff tweeted, "If Trump really intends to use the seized Bitcoin to launch America's Bitcoin strategic reserve, then he will keep his intentions secret before he actually takes office. Now, the Biden administration may sell all the Bitcoin before Trump takes office."

ChainCatcher news, according to Cointelegraph, 21Shares has integrated Chainlink's Proof of Reserve (PoR) system to provide greater transparency for its core Ethereum ETF "CETH".Johann Eid, Chief Business Officer of Chainlink Labs, stated in a joint announcement that the transparency brought by the new integration could further drive the adoption of digital assets: "21Shares plays a significant role in supporting the adoption of digital assets, and the Chainlink platform is helping financial institutions realize the vision of seamless tokenization on a global scale."It is reported that the PoR system will provide real-time reserve data and reserve history in a publicly verifiable manner, with data directly extracted from the Coinbase exchange.

ChainCatcher news, according to TheBlock, BRN chief analyst Valentin Fournier stated that Bitcoin mining companies seem to be purchasing Bitcoin directly from the market to increase their reserves. These mining companies may have entered a new accumulation phase, and these actions have triggered the Hash Ribbon signal, which is a long-term bullish indicator highlighting the end of miner capitulation.

ChainCatcher news, regarding Trump's speech at the Bitcoin conference, Hong Kong Legislative Council member Wu Jiezhuang expressed his views on social media:Bitcoin and Web3 are important nodes in global development and should encourage global cooperation;In the future, consideration can be given to including Bitcoin in strategic financial reserves under compliant conditions;I believe the SAR government will responsibly and gradually open the market.

ChainCatcher news, according to Decrypt, U.S. presidential independent candidate Robert F. Kennedy Jr. stated that if elected, he would push for the federal government to purchase $615 billion worth of Bitcoin until the amount of Bitcoin held by the U.S. matches the country's gold reserves. Kennedy said in an interview, "Bitcoin is honest money; it is a currency based on proof of work. Everything is on the ledger, it is decentralized, and that is what we need to do for democracy. I want the federal government to start buying Bitcoin and ultimately hold an amount of Bitcoin equivalent to gold during my term."It is reported that the U.S. government is the largest holder of gold in the world, with 8,134 tons of gold. At current prices, the gold is valued at $615 billion, requiring 9.4 million BTC to match this value, which is nearly 45% of the total supply.

ChainCatcher news, according to official sources, Wenia, a digital asset company under the Colombian Banking Group, officially launched today and integrated Chainlink Proof of Reserve (PoR), achieving end-to-end transparency for the underlying assets of the COPW stablecoin.Chainlink PoR is directly integrated into the minting function of the stablecoin, protecting users from infinite minting attacks, meaning the risk of COPW being overissued without sufficient reserves.Currently, Wenia users can directly exchange COPW for Bitcoin, ETH, MATIC, and USDC within its application, ensuring transaction security.