USDT Stability Amid Shifting Crypto Holdings on Binance

Binance's latest Proof of Reserves report highlights contrasting trends in user asset allocations. Bitcoin (BTC) holdings saw a significant increase of 2.99% month-over-month, reaching 591,000 BTC, while ethereum (ETH) balances dropped nearly 10% to 4.555 million ETH. Tether (USDT) reserves experienced marginal growth of 0.87%, maintaining a robust backing of 29.85 billion USDT. The dramatic outflow of ETH suggests users may be migrating their holdings for direct staking or cold storage. This divergence in BTC and ETH holdings underscores evolving user strategies in the crypto market, with USDT remaining a stable anchor amidst these shifts.

Binance's Reserve Report Shows Diverging Trends in BTC and ETH Holdings

Binance's latest Proof of Reserves report reveals a notable shift in user asset allocations. Bitcoin holdings surged 2.99% month-over-month to 591,000 BTC, while Ethereum balances plummeted nearly 10% to 4.555 million ETH. Tether reserves saw marginal growth at 0.87%, maintaining 29.85 billion USDT backing.

The dramatic ETH outflow suggests users are migrating holdings—possibly for direct staking or cold storage—amid evolving yield opportunities. Meanwhile, accumulating BTC and stablecoin positions signal traders are positioning for market activity. Binance continues employing Merkle Trees and zk-SNARKs to verify 1:1 asset backing, though the platform's changing composition reflects broader market preferences.

Crypto Salaries Triple in 2024 as Stablecoins Dominate Payrolls

The adoption of cryptocurrency salaries has surged in 2024, with nearly 10% of crypto professionals now paid in digital assets, according to a Pantera Capital survey of 1,600 workers across 77 countries. This marks a threefold increase from the previous year, signaling growing confidence in blockchain-based compensation systems.

Stablecoins have emerged as the clear favorite for payroll distribution, with Circle's USDC accounting for 63% of all crypto salary payments. The preference for USDC persists despite Tether's USDT maintaining its position as the most traded stablecoin by global volume. This divergence highlights the nuanced dynamics between trading liquidity and payroll trust in the digital asset ecosystem.

USDC Dominates as Crypto Salary Payments Triple in 2024: Pantera Survey

Stablecoins are reshaping payroll systems, with USDC emerging as the preferred choice for crypto salary payments. Pantera Capital's latest survey reveals a threefold increase in workers receiving digital asset paychecks, climbing from 3% in 2023 to 9.6% this year. Fiat-only payments concurrently dropped from 97% to 89.1%, signaling growing mainstream acceptance.

USDC commands 63% of crypto payroll transactions, outpacing USDT's 28.6% share. Ethereum and solana represent niche options at 1.3% and 1.9% respectively. The trend reflects corporate preference for transparent, audited stablecoins in cross-border payments, particularly among decentralized teams spanning engineering, legal, and product roles.

Dogecoin, Shiba Inu Underperform as Market Eyes LayerBrett for 100x Memecoin Potential

Dogecoin (DOGE) and shiba inu (SHIB) are lagging behind as crypto traders pivot toward emerging memecoins with higher growth potential. LayerBrett (LBRETT), a new Ethereum-based Layer 2 memecoin in presale, is gaining attention for its ultra-low fees, staking rewards, and cross-chain interoperability—positioning it as a contender for the next 100x breakout.

The project aims to address common pain points in Web3, including slow transaction speeds and high gas fees, by leveraging LAYER 2 scalability. With a max supply of 10 billion tokens, LBRETT’s presale offers direct staking via MetaMask or Trust Wallet, accepting ETH, USDT, or BNB.

Analysts suggest the memecoin’s combination of meme virality and utility could disrupt the DeFi landscape, though skepticism remains given the saturated market for speculative assets.

Ripple Secures Strategic Acquisition to Boost Payment Infrastructure

Ripple, a leading US-based cryptocurrency firm, has finalized a $200 million acquisition of Rail, a payment infrastructure provider. The deal aims to enhance Ripple's ecosystem by integrating Rail's technology, which supports fiat and stablecoin payments through a single API interface. Rail processes $10 billion annually and partners with 12 banks across Europe, the UAE, India, Brazil, the US, and Canada.

The acquisition underscores Ripple's aggressive expansion strategy, following its earlier commitment of $1.25 billion for similar deals. Rail's platform supports multiple cryptocurrencies, including BTC, ETH, USDC, and USDT, with cross-chain functionality on Ethereum and TRON networks. This move positions Ripple to streamline global payment operations and solidify its market dominance.

SWL Miner Enables XRP Holders to Generate Daily Bitcoin Income via Cloud Mining

SWL Miner has unveiled a cloud-based Bitcoin mining solution that allows XRP holders to convert their holdings into passive income without hardware requirements. The platform's automated contracts promise daily returns exceeding $10,000, leveraging XRP's recent price surge past $3.66 amid ETF speculation.

The UK-licensed operator, founded in 2017 with £1 million capital, combines renewable energy-powered infrastructure with multi-crypto support. Users can activate contracts using XRP, BTC, ETH, or stablecoins through a three-step onboarding process, including a $15 welcome bonus.