Binance’s latest proof of reserves report sheds light on recent changes in the platform’s asset holdings, offering insights into user behavior and market trends. The report confirms Binance holds enough cryptocurrency to cover customer balances in a 1:1 ratio. This data comes after the collapse of FTX, prompting Binance to implement monthly PoR releases to bolster trust within the industry. The report shows that Bitcoin (BTC) and Ethereum (ETH) holdings have seen slight decreases, while Tether (USDT) holdings have witnessed growth. Some users may be withdrawing or reallocating their investments following market fluctuations, as evident by Bitcoin’s dip near $60,000 after its April halving event. Meanwhile, stablecoin USDT balances have increased.