OKX Demonstrates Robust Reserve Ratios Including USDT in Latest Proof-of-Reserves Report

OKX has once again proven its commitment to transparency and security by releasing its 30th consecutive proof-of-reserves report. The report highlights the exchange’s over-collateralization of 22 major digital assets, including Bitcoin, Ethereum, and USDT, with reserve ratios consistently exceeding 100%. This practice underscores OKX’s dedication to maintaining liquidity and safeguarding customer holdings, further solidifying its reputation in the cryptocurrency market.

OKX Maintains 100%+ Reserve Ratios for 22 Major Cryptocurrencies

OKX has released its 30th consecutive proof-of-reserves report, demonstrating over-collateralization for 22 digital assets totaling $23.1 billion in customer holdings. The exchange maintains reserve ratios exceeding 100% for Bitcoin, Ethereum, Tether, and other major tokens—a practice it credits for its reputation in security and liquidity.

’We ensure our balance sheet always holds enough assets with a 1:1 reserve ratio,’ the exchange stated, emphasizing its commitment to safeguarding customer funds. The audit, conducted by web3 security firm Hacken, covers prominent assets including XRP and Dogecoin alongside stablecoins and Layer 1 tokens.

Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why

XRP is quietly positioning itself for a significant market move, with its market capitalization now at $133 billion—just shy of Tether’s $148 billion. Unlike USDT, whose growth relies on increased issuance, XRP’s rise is driven by genuine price appreciation.

The potential flip highlights a fundamental difference: Tether’s stability as a stablecoin contrasts with XRP’s volatile yet organic growth. Market watchers are closely monitoring this dynamic shift in the crypto hierarchy.

Suspicious $330M BTC Transfer to Monero Sparks Derivatives Market Activity

A suspicious transfer of over 3,520 BTC ($330.7 million) to privacy-focused Monero (XMR) has raised eyebrows in the crypto community. Blockchain investigator ZachXBT suggests the move is likely linked to a hack, with unusual coordinated activity observed in derivatives markets.

Monero’s inherent privacy features, which obscure transaction details, come with a trade-off: limited exchange liquidity. This makes large transactions prone to slippage and market impact. The choice of XMR over more liquid options like Tether’s USDT or Ethereum (ETH) is particularly noteworthy, as these would have allowed easier movement of funds with less price risk.

The transaction’s path through an illiquid privacy coin, rather than using mixing services like Tornado Cash, adds another layer of intrigue to what appears to be a sophisticated laundering attempt.