Bybit releases 40th proof-of-reserves report as covered assets reach $19.6 billion
- Published
Bybit released its 40th proof-of-reserves report and said covered assets reached $19.6 billion. The disclosure added 10 tokens, and reserve coverage was above 100% for every asset in scope.
Key claims & sources
What it means
In practice, the report now covers 10 more tokens than before, while the reserve coverage result is still stated as above 100% for every asset in scope. What stays the same is that the report is a proof-of-reserves disclosure; what changed is the set of assets included in that disclosure.
What remains open is how the covered assets and token set compare with the previous report in detail, because the material does not give the prior token list or reserve figures. A fuller comparison with the earlier disclosure would settle which assets were newly added and how the totals moved from one report to the next. (per cryptobriefing.com)
Market reaction i
The total crypto market rose 0.7% in the 4 hours after the first headline, after rising 0.1% in the 2 hours before.
48 prices, one every 30 minutes
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Crypto Briefing
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Has this happened before?
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|---|---|---|
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