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Project Overview
Proof.fun was incubated by NEBRA to enable community-driven funding of public goods. The platform allows anyone to tokenize public goods, using hyperfinancialization to reward past and future social contributions.
Cancore Completes $7.2 Million Seed Round with Participation from Paper Ventures and Others
Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round. The round was conducted through Simple Agreements for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.The round was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest allocations. Wasif Rashid, co-founder and CEO of Cancore, said the company began engaging with investors in June this year, officially launched fundraising in July, and closed the round in mid-September. (The Block)
Bitget Wallet Integrates RWA Protocol Reality, Supporting Over 1,700 Tokenized US Stocks
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
MemeCore Announces $1 Billion Strategic Deal with ZeroStack
Odaily News: MemeCore has announced that its core team members have reached a strategic deal worth $1 billion with Nasdaq-listed crypto infrastructure asset management company ZeroStack (NASDAQ: ZSTK).According to the announcement, MemeCore will contribute related assets to ZeroStack in exchange for ZeroStack equity and pre-funded warrants. The deal aims to strengthen the connection between the MemeCore ecosystem and the U.S. public capital markets, while driving development in decentralized AI, digital assets, and blockchain infrastructure.MemeCore stated that this partnership will further integrate its Meme economy ecosystem, decentralized AI applications, and digital asset infrastructure, providing support for future ecosystem expansion and capital market financing. MemeCore previously launched a Layer 1 blockchain built for the "Meme 2.0" economy, featuring a Proof of Meme (PoM) consensus mechanism designed to connect community-driven assets.
Binance Discloses Preliminary Investigation Results of Security Incident: Losses of Approximately $6.3 Billion, About $3 Billion in Assets Frozen, Full Compensation to Be Provided
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Ledger Reviews Device Sales Process and Evaluates Tamper-Proof Measures
Odaily News: Crypto hardware manufacturer Ledger SAS is reviewing its consumer-facing device sales policies and processes. This follows reports that some hardware wallets were implanted with spyware, leading to the theft of approximately $90 million in cryptocurrency. Ledger Chief Technology Officer Charles Guillemet said on Tuesday that the company is also evaluating tamper-proof protections for its devices. He reminded users who suspect their devices have been tampered with to consult Ledger's published security guidelines before disassembling their hardware wallets themselves, and to send any suspicious devices to Ledger for further inspection.
Infosys and Chainlink Enter Strategic Partnership to Advance Institutional On-Chain Finance
According to an official announcement from Chainlink, global IT giant Infosys (NYSE: INFY), with a market capitalization exceeding $40 billion, has announced a strategic partnership with Chainlink to accelerate the development of institutional on-chain finance. Infosys currently provides banking and payment infrastructure support for over 1.7 billion customer accounts worldwide and will standardize the adoption of multiple core Chainlink technologies, including Cross-Chain Interoperability Protocol (CCIP), Chainlink Runes Environment (CRE), Automated Compliance Engine (ACE), Proof of Reserve, Data Streams, and Data Feeds. The collaboration aims to open pathways to the on-chain market for the world's largest financial institutions.
Bitget Chief Legal Officer’s 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has released an open letter on the occasion of the platform's eighth anniversary. As the platform continues to evolve into a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from four original cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has consecutively published 46 PoR reports. In his letter, Hon Ng noted, "Growth and responsibility are never two separate pursuits." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable remains a cornerstone of Bitget's commitment to long-termism." On the security front, account-level protections cover 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while platform security mechanisms integrate withdrawal protection, anomaly detection, and anti-fraud systems, providing backend safeguards for every user interaction. The Market Order & Token Responsibility Framework introduced this year further strengthens continuous monitoring and risk management of listed assets, project teams, and market makers. By continuously optimizing mechanisms and enhancing transparency, it maintains a fair and orderly trading environment. From a compliance perspective, Bitget has secured corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and holds
Bitget Chief Legal Officer's 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has published an open letter on the occasion of the platform's 8th anniversary. As the platform continues to evolve toward a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from the original 4 cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has published 46 consecutive PoR reports. In the letter, Hon Ng noted, "Growth and responsibility have never been two separate things." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable has always been an important cornerstone of Bitget's commitment to long-termism."On the security front, the account level covers 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while the platform's security mechanisms integrate withdrawal protection, abnormal behavior detection, and anti-fraud systems, providing back-end safeguards for every user operation. The "Market Order and Token Responsibility Framework" launched this year further strengthened continuous monitoring and risk management of listed assets, project teams, and market makers. Through ongoing mechanism optimization and transparency initiatives, the platform continues to maintain a fair and orderly trading environment.On the compliance front, Bitget has obtained corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and continues to improve its compliance systems, including KYC, KYB, AML, CFT, and sanctions list screening, to adapt to the regulatory requirements of different markets and asset categories.
Bitget Expands Proof of Reserves (PoR) System, Adding 15 New Asset Categories to Verifiable Scope
Odaily News: Bitget has announced an upgrade to its Proof of Reserves (PoR) system, expanding asset coverage from the original 4 cryptocurrencies to 19 major assets, with newly added tokens including XAUT, SOL, BNB, USDGO, and others. This upgrade simultaneously expands the scope of platform-level reserve disclosure and individual asset proof verification. Users can view each asset's reserve ratio, scale, and on-chain distribution through the PoR page, and use Merkle Tree to independently verify whether their personal holdings are included in the reserve snapshot.Bitget has been publishing monthly reserve reports since December 2022, and as of August 2026, has published 45 consecutive issues, with the latest overall reserve ratio at 122%. Bitget CEO Gracy stated that as the variety of assets supported by the platform continues to increase, reserve transparency and verification capabilities also need to expand in tandem, enabling more users to independently verify their assets and further enhancing platform transparency.
Binance Discloses Preliminary Investigation Results of Security Incident: Losses of Approximately $6.3 Billion, About $3 Billion in Assets Frozen, Full Compensation to Be Provided
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the signing of a Memorandum of Understanding (MOU) for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a Proof of Concept (PoC) for an account-linked top-up feature. This collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure and validate integration with traditional financial services. LINE NEXT will provide digital services encompassing Unifi Pay along with blockchain technology. JPYC will be responsible for technical support regarding issuance and redemption and establish the verification environment. Additionally, SBJ Bank and LINE NEXT will explore commercial pathways for integrating traditional banking operations with Web3 ecosystem platforms.
Bitget Chief Legal Officer’s 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has released an open letter on the occasion of the platform's eighth anniversary. As the platform continues to evolve into a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from four original cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has consecutively published 46 PoR reports. In his letter, Hon Ng noted, "Growth and responsibility are never two separate pursuits." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable remains a cornerstone of Bitget's commitment to long-termism." On the security front, account-level protections cover 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while platform security mechanisms integrate withdrawal protection, anomaly detection, and anti-fraud systems, providing backend safeguards for every user interaction. The Market Order & Token Responsibility Framework introduced this year further strengthens continuous monitoring and risk management of listed assets, project teams, and market makers. By continuously optimizing mechanisms and enhancing transparency, it maintains a fair and orderly trading environment. From a compliance perspective, Bitget has secured corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and holds
Bitget Chief Legal Officer's 8th Anniversary Open Letter: Making Trust Visible and Verifiable
Bitget Chief Legal Officer Hon Ng has published an open letter on the occasion of the platform's 8th anniversary. As the platform continues to evolve toward a Universal Exchange (UEX), Bitget has further upgraded its Proof of Reserves (PoR) system, expanding the scope of verifiable assets from the original 4 cryptocurrencies to 19 major assets. Data shows that as of September 2026, Bitget has published 46 consecutive PoR reports. In the letter, Hon Ng noted, "Growth and responsibility have never been two separate things." As the platform's scale, asset categories, and market boundaries continue to expand, security, transparency, and compliance standards must also be upgraded in tandem. "Making trust visible and verifiable has always been an important cornerstone of Bitget's commitment to long-termism."On the security front, the account level covers 2FA, FIDO2, WebAuthn Passkeys, and anti-phishing codes, while the platform's security mechanisms integrate withdrawal protection, abnormal behavior detection, and anti-fraud systems, providing back-end safeguards for every user operation. The "Market Order and Token Responsibility Framework" launched this year further strengthened continuous monitoring and risk management of listed assets, project teams, and market makers. Through ongoing mechanism optimization and transparency initiatives, the platform continues to maintain a fair and orderly trading environment.On the compliance front, Bitget has obtained corresponding registrations, licenses, or regulatory approvals in multiple jurisdictions, including Argentina, Australia, New Zealand, Switzerland, and the United Kingdom, and continues to improve its compliance systems, including KYC, KYB, AML, CFT, and sanctions list screening, to adapt to the regulatory requirements of different markets and asset categories.
ZachXBT Warns of Withdrawal Issues at JuCoin, Raising Fresh Questions About Reserve and Ownership Transparency
On-chain investigator ZachXBT stated that JuCoin, an East Asian centralized exchange, has recently been reported by multiple users to have experienced abnormal withdrawal issues over the past week. Analysis indicates that in its Proof of Reserves published on X, JuCoin self-reported total reserves of approximately $511 million—most of which consist of USDC and USDT issued on its proprietary blockchain, JuChain—leaving the actual backing unclear.
Berachain Unveils PoL Next Roadmap: Reducing Inflation, Simplifying Tokenomics, and Launching the ERA Protocol
According to official announcements, Berachain has unveiled the roadmap for the next phase of its Proof-of-Liquidity (PoL) evolution. Berachain notes that most blockchains treat tokens like faucets—value flows out with little returning, and while blockchains bear the economic costs of operation, they fail to profit from them. Berachain aims to break this cycle through PoL Next—ensuring every dollar emitted compounds as yield for $BERA holders.
Binance is buying altcoins matching the stolen assets to complete Proof of Reserves
Binance's Yi He stated that Binance's SAFU fund and Binance's holdings include a large amount of BTC, ETH, and others. Binance is currently purchasing, through over-the-counter (OTC) and on-exchange trading, all altcoins that exactly match the stolen assets in order to complete Proof of Reserves. Once the purchases are complete, Binance will sync the information again.
Binance Discloses Preliminary Investigation Results of Security Incident: Losses of Approximately $6.3 Billion, About $3 Billion in Assets Frozen, Full Compensation to Be Provided
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Binance Stolen Wallet Classified as Proof of Reserve Wallet, ETH Reserve Ratio May Drop to 94%
According to CoinDesk's analysis, the hacked Binance Hot Wallet 14 was listed in Binance's October 1 Proof of Reserves; following the theft of approximately 204,500 ETH, its ETH backing ratio may drop from 100% to around 94%, with the next reserve snapshot scheduled for November 1.
Ledger Reviews Device Sales Process and Evaluates Tamper-Proof Measures
Odaily News: Crypto hardware manufacturer Ledger SAS is reviewing its consumer-facing device sales policies and processes. This follows reports that some hardware wallets were implanted with spyware, leading to the theft of approximately $90 million in cryptocurrency. Ledger Chief Technology Officer Charles Guillemet said on Tuesday that the company is also evaluating tamper-proof protections for its devices. He reminded users who suspect their devices have been tampered with to consult Ledger's published security guidelines before disassembling their hardware wallets themselves, and to send any suspicious devices to Ledger for further inspection.
Liquid Network Releases Emergency Fix: Elements v23.3.4 Patches Proof Validation Cache Vulnerability
Odaily News: Liquid Network announced that the emergency release Elements v23.3.4 is now live, with Functionary nodes having immediately begun upgrades. All Liquid node operators are advised to update accordingly. This release addresses a previously identified Proof validation cache vulnerability by strengthening the cache keys used for Range Proofs.Regarding network recovery, Blockstream stated that a recovery plan is still being formulated, expected to proceed in three phases: **resume block production while continuing to pause Peg operations; replay verified valid transactions; restore Peg operations after the network state is fully recovered and fund returns are confirmed.** Currently, the first two phases are being tested in parallel, and any phase will only advance once confirmed secure.Liquid Network stated that Elements v23.3.4 has undergone multiple rounds of internal and external reviews, with participants including the Bitcoin Red Team, Alpen Labs, and other teams. Meanwhile, Liquid Network reminds users to be wary of fake upgrade websites exploiting this incident for scams. Information should only be obtained through official Liquid Network and Blockstream channels, and users should never send funds to strangers or disclose private keys or seed phrases.
Wyoming Expands Partnership with Chainlink to Introduce On-Chain Reserve Verification for FRNT Stablecoin
According to The Block, the Wyoming Stable Token Committee announced the adoption of Chainlink Proof of Reserve to provide near-real-time on-chain reserve validation for its official stablecoin, Frontier Stable Token (FRNT). The Network Firm will audit FRNT reserves in accordance with AICPA standards, while Chainlink will post verification data on-chain in real time to bridge information gaps between reporting cycles. Previously, Wyoming fully migrated FRNT from LayerZero to Chainlink CCIP last month as its sole cross-chain infrastructure. The committee is also advancing the Chainlink Proof of Reserve Secure Mint feature, which requires verifying that reserves do not fall below FRNT's total supply before minting new tokens to prevent infinite minting attacks. FRNT launched in January this year and is the United States' first government-issued stable token, backed by U.S. dollars and short-term U.S. Treasuries.
Binance Discloses Preliminary Investigation Results of Security Incident: Losses of Approximately $6.3 Billion, About $3 Billion in Assets Frozen, Full Compensation to Be Provided
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
JPYC Partners with SBJ Bank and LINE NEXT to Launch Proof of Concept for JPY Stablecoin Account Funding Feature
JPYC Corporation, the issuer of the Japanese yen stablecoin JPYC, announced the signing of a Memorandum of Understanding (MOU) for business cooperation with SBJ Bank and LINE NEXT to jointly conduct a Proof of Concept (PoC) for an account-linked top-up feature. This collaboration aims to connect bank accounts, stablecoins, and digital wallets. SBJ Bank will provide bank accounts and infrastructure and validate integration with traditional financial services. LINE NEXT will provide digital services encompassing Unifi Pay along with blockchain technology. JPYC will be responsible for technical support regarding issuance and redemption and establish the verification environment. Additionally, SBJ Bank and LINE NEXT will explore commercial pathways for integrating traditional banking operations with Web3 ecosystem platforms.
Ethereum Researchers Propose New Privacy Pool Solution: Supports Post-Quantum Resistance and Recursive Aggregation, Significantly Boosting Proof Generation Speed
Ethereum Research Forum researcher Pierre proposes a faster, aggregatable, and quantum-resistant privacy pool scheme. The scheme ports a Tornado Cash-like privacy pool onto the hash-based SNARK system Flock, which may offer post-quantum security, and adopts SHA-256. It replaces large circuits with small “single-pass” compression circuits.
Ledger Reviews Device Sales Process and Evaluates Tamper-Proof Measures
Odaily News: Crypto hardware manufacturer Ledger SAS is reviewing its consumer-facing device sales policies and processes. This follows reports that some hardware wallets were implanted with spyware, leading to the theft of approximately $90 million in cryptocurrency. Ledger Chief Technology Officer Charles Guillemet said on Tuesday that the company is also evaluating tamper-proof protections for its devices. He reminded users who suspect their devices have been tampered with to consult Ledger's published security guidelines before disassembling their hardware wallets themselves, and to send any suspicious devices to Ledger for further inspection.
Ethereum proposes the EIP-8440 execution chain proof proposal, supporting constant-time chain synchronization.
Ethereum contributor Francesco Risitano (@frisitano) submitted the EIP-8440 (Execution Chain Proof) draft proposal on October 9. The proposal leverages a recursive zero-knowledge proof mechanism to prove the validity of all execution payloads from the tip beacon block back to the genesis beacon block, binding them to the beacon chain. Nodes can establish complete execution validity from a weak subjectivity checkpoint to the latest block header using a single proof, enabling constant-time chain synchronization.
Bitget Releases Issue No. 47 Proof of Reserves, Overall Reserve Ratio Across 19 Asset Types Reaches 131%
According to official announcements, Bitget has released its 47th Proof of Reserves (PoR). The total reserve ratio stands at 131%, covering 19 asset types. Specifically, the reserve ratios for BTC, ETH, USDT, and USDC are 142%, 110%, 107%, and 154%, respectively. Since December 2022, Bitget has updated its Proof of Reserves on a monthly basis. In September this year, it expanded its coverage from 4 asset types to 19, providing users with broader visibility into platform reserves. Bitget's historical average reserve ratio has remained above 120%, exceeding the 100% coverage benchmark and fully covering insured user assets.
Related news
Binance is buying altcoins matching the stolen assets to complete Proof of Reserves
Binance's Yi He stated that Binance's SAFU fund and Binance's holdings include a large amount of BTC, ETH, and others. Binance is currently purchasing, through over-the-counter (OTC) and on-exchange trading, all altcoins that exactly match the stolen assets in order to complete Proof of Reserves. Once the purchases are complete, Binance will sync the information again.
Ethena：USDe 超额抵押率超过 101%，储备资产较负债多出逾 6000 万美元
Ethena 表示，USDe 储备金证明（Proof of Reserves）通常由 Chainlink、Llama Risk 等独立第三方机构每周提供。鉴于过去数小时发生的市场事件，Ethena 已提前公布最新储备金证明。Chainlink、Llama Risk 等第三方机构均确认，USDe 超额抵押金额超过 6000 万美元，抵押率高于 101%。
Data: Binance customer assets total approximately $129.4 billion; previous snapshot reserve assets were all greater than or equal to 100%, with total scale of approximately $135.8 billion
Odaily reports: According to the real-time "Customer Assets" display on Binance's official homepage, Binance customer assets total approximately $129.404 billion.Additionally, according to information on Binance's official Proof of Reserves page (https://www.binance.com/zh-CN/proof-of-reserves), as of October 1, 2026, the reserve ratios for major assets are all no less than 100%. Among them:BTC reserve ratio is 100.35%, with net account balance of 688,572.68 BTC and on-chain wallet balance of 691,003.593 BTC;ETH reserve ratio is 100.00%, with net account balance of 3,799,136.43 ETH and on-chain wallet balance of 3,799,139.752 ETH;USDT reserve ratio is 103.88%, with net account balance of approximately 32.028 billion and on-chain wallet balance of approximately 33.271 billion;USDC reserve ratio is 108.26%, with net account balance of approximately 7.178 billion and on-chain wallet balance of approximately 7.771 billion.The reserve ratios for BNB, SOL, and XRP are 100.47%, 100.00%, and 100.77%, respectively.Calculated at current prices, the total net balance is approximately $133.6 billion; the total on-chain wallet balance is approximately $135.8 billion.Binance also clarifies: Proof of Reserves covers custodied user assets, and the excess portion does not represent the company's total own assets; the "Customer Assets" on the official homepage is a separate display metric and is not the same summary table as the reserve proof snapshot disclosed by currency.
Binance Discloses Preliminary Investigation Results of Security Incident: Losses of Approximately $6.3 Billion, About $3 Billion in Assets Frozen, Full Compensation to Be Provided
Odaily Report: Binance has issued a security incident progress announcement stating that the preliminary investigation indicates the incident may have originated from the compromise of a DevOps engineer's laptop, through which attackers gained access to service containers and submitted unauthorized withdrawal transactions. No evidence of wallet private key leakage has been found so far, and a complete technical investigation report will be published after the investigation concludes.Binance stated that the incident is expected to cause losses of approximately $6.3 billion. The platform has already collaborated with blockchain partners to freeze approximately $3 billion in affected assets on-chain. The platform will cover all losses through the SAFU fund and the company's own capital, and will update its Proof of Reserves (PoR) after security remediation is completed.As an emergency response measure, Binance has temporarily suspended deposits and withdrawals, revoked authorizations for affected addresses, and is working with law enforcement agencies and blockchain intelligence partners to track and recover the stolen funds. Binance emphasized that user funds are safe, and the related investigation and recovery efforts are still ongoing.
Binance Stolen Wallet Classified as Proof of Reserve Wallet, ETH Reserve Ratio May Drop to 94%
According to CoinDesk's analysis, the hacked Binance Hot Wallet 14 was listed in Binance's October 1 Proof of Reserves; following the theft of approximately 204,500 ETH, its ETH backing ratio may drop from 100% to around 94%, with the next reserve snapshot scheduled for November 1.
Cancore Completes $7.2 Million Seed Round with Participation from Paper Ventures and Others
Cancore, a cross-chain trading platform built on the Canton network, has completed a $7.2 million seed round. The round was conducted through Simple Agreements for Future Tokens (SAFT), corresponding to a fully diluted valuation (FDV) of $60 million for its planned CNRX token.The round was participated in by Paper Ventures, dao5, ArkStream Capital, X Ventures, MH Ventures, and Proof of Talk, with Paper Ventures and dao5 receiving the largest allocations. Wasif Rashid, co-founder and CEO of Cancore, said the company began engaging with investors in June this year, officially launched fundraising in July, and closed the round in mid-September. (The Block)