MEXC Strengthens USDT Reserves with Over-Collateralized Bitcoin Holdings

In its latest Proof of Reserve audit, MEXC has significantly bolstered its Bitcoin reserves by 10%, now holding 4,083.89 BTC with a 127.59% coverage ratio—the highest among all tracked assets. The June 2025 report highlights the exchange's over-collateralization across major cryptocurrencies, including 69,234.39 ETH and $2.32B USDT. This marks a notable improvement since April 2025, reinforcing MEXC's financial stability and commitment to transparency in the crypto market.

MEXC Boosts Bitcoin Reserves by 10% in Latest Proof of Reserve Audit

MEXC has reinforced its financial standing with a 10% increase in bitcoin reserves, now holding 4,083.89 BTC at a 127.59% coverage ratio—the highest among all tracked assets. The exchange's June 2025 Proof of Reserve report confirms over-collateralization across all major cryptocurrencies, including 69,234.39 ETH and $2.32B USDT.

The platform's reserve ratios show marked improvement since April 2025, with total holdings now exceeding 100% coverage for every listed asset. This strategic accumulation of reserves positions MEXC as one of the most liquid exchanges in the digital asset space.

$40K in Crypto Seized in Trump-Vance Inaugural Fraud Case

Federal prosecutors have recovered $40,300 in cryptocurrency linked to a fraudulent email scheme impersonating the Trump-Vance Inaugural Committee. The scam, executed on December 24, 2024, involved spoofed emails that duped a victim into transferring $250,300 worth of USDT, a stablecoin pegged to the ethereum blockchain.

The FBI traced the stolen funds through blockchain analysis, highlighting the growing role of forensic tools in combating crypto-related crimes. Assistant Director Steven Jensen of the Washington Field Office emphasized the prevalence of impersonation scams, which cost Americans billions annually. The recovered assets are now undergoing legal proceedings for restitution.

This case underscores the dual narrative of cryptocurrency: its susceptibility to exploitation and the increasing sophistication of law enforcement in tracking illicit flows. Stablecoins like USDT remain favored by scammers due to their liquidity and perceived stability, yet their on-chain transparency enables investigators to follow the money.

Gate.io Partners with xStocks to Offer Tokenized U.S. Stocks, Following Kraken and Bybit

Gate.io has launched its xStocks Trading Section in collaboration with xStocks, enabling crypto users to trade tokenized U.S. stocks directly with USDT. The platform eliminates fiat onboarding hurdles and supports six major stock pairs, including Apple, Tesla, and Google. Perpetual futures with up to 10x leverage are also available.

xStocks, developed by Backed Finance, ensures each token is backed by real shares, providing transparency and full ownership across blockchains. This blockchain-native solution caters to global users who face barriers accessing traditional U.S. equity markets. Gate.io enforces real-time safeguards on leverage and margin rules to maintain market integrity.

The move mirrors recent expansions by Kraken and Bybit into tokenized equities, signaling growing crypto exchange interest in bridging decentralized finance with traditional assets. Trading operates 24/7, contrasting with conventional market hours.