Three years of Proof of Reserves at OKX.- 36 audits- 2x “View my audit” visits YoY- $35.4B in primary assets backing customer fundsA milestone for crypto transparency and accountability. Don't trust, verify: https://t.co/wvCBetsORf https://t.co/pjdOteyrb0 ...

Proof of epic 🌖 https://t.co/QH25CckdtV ...

Proof, progress, and a powerful Q3 👇💪 Strong Q3 revenue up 50% QoQ🔒 Latest Proof of Reserves confirms client assets are backed 1:1🎙️ Co-CEO @ArjunSethi joined @Unchained_pod to talk growth and strategy#KrakenIn60 @Pete_Rizzo_ https://t.co/3VpTS5fIz2 ...

Proof of Reserves. Every month ✅Security. Every time ✅USA — meet The New Money App. https://t.co/LQt1Nj67Mf ...

Transparency and Security - The company asserts that the crypto market is maturing beyond its "Wild West" phase [1] - The company provides monthly Proof of Reserves reports to demonstrate 1:1 backing of customer holdings with real assets [1] - Users can verify the asset backing at any time via the provided link [1]

Core Insights - Ethena's price increased by 8% to $0.44 on October 17, standing out in a declining crypto market where Bitcoin and Ethereum faced significant drops [1] - The rise in Ethena's price follows a recovery from a de-peg event of its stablecoin USDe, which had previously dropped to $0.65 during a $19 billion liquidation event [2][3] - Ethena's market capitalization is currently at $3.14 billion, placing it among the top 50 cryptocurrencies by valuation [6] Market Context - The broader crypto market experienced a crash, with Bitcoin and Ethereum briefly losing key support levels of $104,000 and $3,700 respectively [1] - A significant liquidation event on October 10 led to a 50% drop in ENA price from $0.56 to $0.34 [2] - Despite the market turmoil, USDe managed to maintain its peg during subsequent $1.2 billion liquidations [4] Company Developments - Ethena announced an expansion of its Stablecoin-as-a-Service (SaaS) product suite to Conduit, enabling projects to launch their own stablecoins [5] - Conduit supports 55% of Ethereum's active rollups and manages over $4 billion in total value locked across various applications [6] - Trading volume for Ethena surged by 60.5% to $627.9 million, indicating renewed interest from large investors as concerns over USDe's de-peg eased [6]

USDe Overcollateralization - Ethena Labs 的 USDe 稳定币保持超额抵押状态，应对过去 24 小时的市场波动 [1] - 独立第三方机构（包括 Chaos Labs、Chainlink、Llama Risk 和 Harris & Trotter）已确认 USDe 仍超额抵押约 6600 万美元 [1] Transparency and Attestation - Ethena Labs 通常每周提供 USDe 储备证明，由第三方独立机构进行验证 [1] - 应社区要求，Ethena Labs 在常规周期之外提供了储备证明 [1] - Ethena Labs 致力于最大程度地提高透明度 [2]

Crisis Response & Transparency - The company addresses concerns arising from a viral post and assures users of their commitment, emphasizing that user stories are prioritized [1][2] - The company states that all traders were immediately and automatically paid out without issue following a massive liquidation cascade [3] - The company clarifies there were no clawbacks or socialized losses [4] - The company publishes daily proof of reserves, and the exchange has been operating uninterrupted since the event, albeit with some hiccups [4] - The company emphasizes its approachability and commitment to doing the right thing, lacking a PR crisis management team [15] Technical Explanation & System Design - The company explains that a screenshot was taken out of context, clarifying it was a technical explanation of how futures profits and losses work, not a policy decision [3][5] - The company operates as a neutral peer-to-peer exchange, not taking positions for users or providing liquidity [6] - The company details the settlement process where profits are exchanged between longs and shorts, highlighting that winners earn from losers in a zero-sum system [7][8] - The company clarifies that bankrupt users caused a settlement issue, which was resolved by the company settling all accounts before publishing proof of reserves [9][10] - The company designed the system to be robust to liquidation events, isolating risk between longs and shorts, with spot holders unaffected [13]

Binance released its 35th Proof of Reserves report (snapshot date: October 1). User BTC holdings stood at 591K, down 2.67% from the previous report (September 1), a decrease of 16.2K BTC. User ETH holdings were 4,133K, down 4.78%, a decrease of 207K ETH. User USDT holdings totaled 30.28B, down 3.10%, a decrease of 968M USDT.https://t.co/pIqA2Umosp ...

RT michael cluster (@djcluster)@binance why no Proof of Reserves for @Dashpay $DASH and @DigiByteCoin $DGB? You've got $BCH and $DOGE, etc. Please also include $Dash and $DGB. FYI @DigitalGoldTalkhttps://t.co/KBIopf2QkH ...