MEXC’s First USD1 Event Concludes With Over 160K Participants & $2.4 Billion in Futures Trading Volume

The post USD1 enters Binance Futures as a primary settlement stablecoin: Details appeared on BitcoinEthereumNews.com. The Trump family-linked stablecoin World Liberty Financial USD [USD1] has scored a major scaling milestone on the Binance exchange.  On Thursday, the exchange announced that it will launch the BTC/USD1 pair in its Futures section from the 18th of May. According to Binance, the move would – Expand the list of trading choices and enhance users’ trading experience. Notably, this will be the first time WLFI’s  USD1 is used as a direct settlement on the platform. Previously, it was only a secondary collateral option, meaning traders who held USD1 could only use it to borrow USDT. Now, profits, losses, and even Funding Rates will all be realized in USD1, just like typical USDT trade pairs.  Commenting on the update, Zach Witkoff, WLFI CEO, said,  Major milestone for $USD1 and the future of onchain markets. The launch of the USD1/BTC perpetual pair on Binance is another step t

The post MEXC expands Guardian Fund to $500M, acquires 1,000 Bitcoin for dual-reserve structure appeared on BitcoinEthereumNews.com. MEXC is scaling its Guardian Fund from $100M to $500M over the next two years, a fivefold increase that includes the purchase of 1,000 Bitcoin. The move creates what the exchange calls a “dual-reserve” structure, blending USDT liquidity with long-term BTC holdings to backstop user funds during periods of market chaos. What the Guardian Fund actually does The Guardian Fund is MEXC’s version of a user protection reserve, a pool of capital designed to cover users during market volatility, operational disruptions, or the kinds of crises that tend to make crypto traders lose sleep. MEXC has positioned it explicitly as an institutional-grade protection mechanism, not a speculative vehicle. The fund’s holdings will be stored in publicly disclosed wallet addresses. That means anyone with an internet connection can verify the reserves on-chain, a transparency meas

MEXC's expanded Guardian Fund enhances user trust and pressures competitors to bolster transparency and fund protection measures. The post MEXC expands Guardian Fund to $500M, acquires 1,000 Bitcoin for dual-reserve structure appeared first on Crypto Briefing.

The company said the program is designed to promote institutional yield generation and cross-chain returns for a wider range of users through stablecoin-based lending and liquidity strategies. TownSquare announced the launch of a $100 million liquidity program tied to the…

The post Bullish posts $604.9 million Q1 loss as trading activity slows appeared on BitcoinEthereumNews.com. Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Summary Bullish reported adjusted first-quarter 2026 revenue of $92.8 million, missing analyst expectations. The crypto trading platform posted a net loss of $604.9 million, or $3.85 per share. Shares of Bullish fell 7.9% in pre-market trading to $38.51 following the earnings release. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from CoinDesk, the company posted adjusted revenue of $92.8 million, below Wall Street expectations of $94.9 million. The company’s net loss widened sharply to $604.9 million, equivalent to a loss of $3.85 per share, compared with the same period a year earlier. Investors reacted negatively to the results,

Bullish also reported adjusted EBITDA of $35.1 million, missing analyst estimates of $38 million. Crypto trading platform Bullish reported weaker-than-expected first-quarter 2026 financial results as softer digital asset trading activity weighed on revenue and profitability. According to a report from…

The post MEXC Confirms Strong Asset Backing in Hacken-Audited May 2026 Proof of Reserves Report appeared on BitcoinEthereumNews.com. MEXC, a pioneer in 0-fee digital asset trading, has released its May 2026 Proof of Reserves report, independently audited by Hacken. The report confirms that all major assets are fully backed, with reserve ratios significantly exceeding the 1:1 industry standard. This demonstrates MEXC’s unwavering commitment to user asset protection. The May report shows reserve ratios of 293% for BTC, 123% for ETH, 117% for USDT, and 120% for USDC. These ratios indicate that MEXC’s asset reserves fully cover user assets. The May 2026 Proof of Reserves snapshot has been audited by Hacken, a globally recognized blockchain security firm, validating the Merkle Tree construction, wallet ownership, and reserve adequacy. MEXC consistently publishes a verifiable Proof of Reserves every month, setting a transparency standard for the industry and providing users with clear, verif

Victoria, Seychelles, May 14, 2026 – MEXC, a pioneer in 0-fee digital asset trading, has released its May 2026 Proof of Reserves report, independently audited by Hacken. The report confirms that all major assets are fully backed, with reserve ratios significantly exceeding the 1:1 industry standard. This demonstrates MEXC’s unwavering commitment to user asset protection. […] The post MEXC Confirms Strong Asset Backing in Hacken-Audited May 2026 Proof of Reserves Report appeared first on Live Bitcoin News.