At Kraken, transparency is not a slogan. That’s standard. Our latest news Preliminary Proof (POR) AuditIt was completed at that point June 30, 2025Again, make sure that the client assets held on the platform are backed up to 1:1 or later. This process includes the main crypto assets BTC, ETH, SOL, USDC, USDT, XRP, ADA.

We don’t expect blind trust. We don’t need it. Provides evidence of encryption.

Is it your first time with POR? Learn how it works in a beginner’s guide.

The June 2025 report shows

Our POR Audit captures a complete snapshot of client assets across all services, not just spot balance. Included Margin accounts, futures holdings, and betting assetsIt provides a full spectrum view of customer exposure.

Reserve ratios as of June 30, 2025

A simple review – What is a proof of preparation?

Proof of reserves is a encryption process that allows the client to independently and personally verify that the assets are contained in a third-party audited snapshot of the platform’s liability.

Use a Markle Tree Combine individual balances into a single cryptographic hash. Client receives a Personalized Markle Proofcan be used to confirm inclusion without revealing personal details. An independent auditor then checks Kraken’s Onchain Holdings exceeds the total client balance – Effectively test your complete preparation without assumptions.

Why is Kraken’s POR going even further?

Nowadays, more exchanges offer some form of “pole” offering, but not all of them offer the same level of rigor or transparency. This is what sets us apart:

1. Consider not only assets but also liabilities

Some platforms show what they have, but skip what they owe. Included Client’s Total Debt With all audits. Below that is not complete evidence of reserves.

2. User-Level Verification

All clients can Check your own inclusion Use the open source Merkle Verification Tool. This is not just about trust, it is about verification.

3. Ten Year Consistency

First I developed POR 2014 – And we haven’t stopped. Kraken will implement for Regular and orderlyit’s not just the news cycle.

POR is essential. It’s not about promises. That’s about evidence – Visible, encryption, and proof of third-party verification. Kraken’s process is built to withstand scrutiny and provide information to users.

What’s next – Enlarge scope

We are committed to publishing Pors quarterin addition to our financial disclosures, we also ensure that users have a normal window in our platform solvency. We are also actively working to expand and include our pole coverage. More supported assetsgives us a broader view of the reserves throughout our ecosystem.

From the beginning, Kraken was a supporter. Accountability, Independence, Cryptographic Primary Values. I believe transparency should be an industry norm, not an afterthought. So we keep raising the bar.

Ready to verify your account? Please visit the spare proof portal.

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Cardano (ADA) appears to be regaining bullish momentum after experiencing a sharp correction from recent highs. According to a recent analysis by a TradingView analyst, ADA may be getting ready for another major rally, with potential price targets pointing toward the $1 mark and beyond. 

Analyst Sees Cardano Breaking Past The $1 Target

On May 1, Arman Shaban released a technical analysis on TradingView, examining the ADA price chart on a 3-day timeframe to decipher its next bullish targets. The analysis shows that Cardano previously surged from a low of $0.33 to a peak of $1.32, representing a more than 300% rally that marked its highest price in three years. 

At the time, this significant rally had met strong resistance near a bearish Order Block (OB), triggering profit-taking and a sharp pullback to $0.5. Despite the correction, Shaban’s chart reveals that ADA’s structure looks bullish, with its price showing signs of strength after reclaiming the $0.65 zone. 

The chart analysis also highlights a key liquidity sweep that occurred during the recent correction. Following this, ADA bounced from a well-defined demand zone and bullish Order Block, signaling strong buy-side interest at those levels.

Currently, Cardano is attempting to build a higher low formation, with price action strongly stabilizing above $0.65. This consolidation above $0.65 is seen as a crucial support level, indicating that the market is preparing for a potential bullish continuation. 

If this level continues to hold, Shaban predicts that the next upside targets lie at $0.75, $0.81, $0.93, and ultimately $1.05. These levels represent previous resistance points and liquidity levels, with each target representing a potential milestone for Cardano’s price recovery. 

The $1 level holds psychological significance for Cardano, as its price has traded below this threshold for months now. A successful move beyond the $0.81 target would likely open the door to a retest of this level. Nevertheless, the focus remains on the $0.65 and $0.75 range, as a strong close above this zone could confirm ADA’s readiness for a renewed and continued upward push. 

Whales Accumulate ADA Amid Low Prices

Cardano is currently trading at $0.69 after falling over 4.7% this past week. Amidst this price decline, whales have been purchasing ADA tokens in droves, seemingly taken advantage of the low prices in the hopes of a future reversal. 

Crypto analyst Ali Martinez recently shared on X (formerly Twitter) that Cardano whales have accumulated more than 410 million ADA tokens in April alone. At the cryptocurrency’s current market price, this substantial token buy amounts to an impressive $276,000,000. 

Notably, this massive increase in ADA accumulation signals strong conviction from large-scale investors in its long-term prospects. Although Cardano continues to trade sideways due to market downtrends and ongoing volatility, technical indicators suggest a shift in sentiment into the ‘Greed’ zone, signaling that investor optimism is rising.

Featured image from Adobe Stock, chart from Tradingview.com

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​​Microsoft has released an out-of-band Office update to fix a known issue that caused Word, Excel, and Outlook to crash after installing the KB5002700 security update for Office 2016.

The company acknowledged these problems following user reports on social media that Office apps no longer open after applying the April 2025 security updates.

“We’re experiencing an issue on Windows 10 with Office 2016 where Word and Excel no longer open,” one impacted Office user said.

“Same behavior here: after starting Word it crashes and also Outlook crashes in calendar view. Uninstalling KB5002700 resolved both issues,” another added.

Microsoft has now addressed these crash problems in the KB5002623 Office 2016 update released on Thursday, two days after KB5002700 was pushed during this month’s Patch Tuesday to fix multiple remote code execution vulnerabilities.

Office users affected by this issue can download KB5002623 from Microsoft’s Download Center, but it’s important to note that it only applies to the Microsoft Installer (.msi)-based edition of Office 2016.

“This update fixes the known issue in KB5002700 that causes Microsoft Word, Microsoft Excel, and Microsoft Outlook to stop responding,” Microsoft said today.

“To restore the full Office 2016 suite to a working state, you must have both updates KB5002700 and KB5002623 installed.”

Today, Redmond also fixed the standalone “Download” link for localized classic Outlook versions, which were automatically set to English.

Additionally, it confirmed that it’s working on mitigating a licensing issue that is blocking access to Microsoft 365 services for some customers with Family subscriptions.

Last month, the company addressed another issue causing the new Outlook email client to crash when users clicked a button that should have helped them switch back to classic Outlook.

World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin.

According to a March 25 announcement, USD1 will launch first on Ethereum and Binance Smart Chain, with further blockchain integrations planned.

The digital asset is designed to maintain a fixed $1 value and will be supported by a reserve of US Treasury bills, fiat currency deposits, and other short-term cash equivalents.

WLFI said the stablecoin’s backing will be independently verified through regular audits conducted by a third-party accounting firm.

Meanwhile, WLFI confirmed that BitGo, a regulated and independent custodian, will hold and manage USD1’s reserves. This setup would ensure institutional clients receive secure, insured, and regulated access to the stablecoin.

This development comes on the heels of a warning issued by WLFI about counterfeit versions of the USD1 token circulating online. At the time, the protocol emphasized that the stablecoin had not yet launched on trading platforms.

However, it was unclear if the stablecoin has become publicly available following this latest announcement.

Challenging USDT and USDC dominance

Stablecoins allow users to shield funds from volatility, transfer value across borders, and access dollar-like assets in regions with currency restrictions.

According to DeFiLlama data, the stablecoin sector’s combined market cap exceeds $233 billion as of press time, and market observers expect industryctor to continue thriving.

So, USD1 enters a competitive market dominated by established players like Tether’s USDT and Circle’s USDC.

However, WLFI co-founder Zach Witkoff believes USD1 offers a distinct advantage over these rivals. He highlights its hybrid foundation, which combines decentralized finance with the oversight and credibility of traditional financial institutions.

According to him:

“USD1 provides what algorithmic and anonymous crypto projects cannot…we’re offering a digital dollar stablecoin that sovereign investors and major institutions can confidently integrate into their strategies for seamless, secure cross-border transactions.”

Mentioned in this article

Khuga Labs has published the first version of its ecosystem whitepaper, outlining the structure of its $KOIN token, its planned utility, and a three-phase development roadmap. The document provides insights into Khuga’s broader ecosystem, including its blockchain gaming platforms, Miawwhalla and Khuga Rumble Arena.

The whitepaper details how $KOIN will function as the core economic asset within the Khugaverse, facilitating transactions, governance, staking, and player incentives. The company has also disclosed the tokenomics, revealing how the 1B token supply will be allocated across various categories, including ecosystem development, public sales, NFT holders, and marketing.

Although the launch date for $KOIN remains undisclosed, Khuga Labs has hinted at presale opportunities through social media, suggesting that community engagement may play a role in early access.

What is Khuga Labs?

Khuga Labs is a blockchain gaming company developing a gaming ecosystem known as the Khugaverse.

It consists of multiple interconnected platforms designed to integrate web3 technology into interactive experiences. The ecosystem features playable NFTs, marketplace transactions, and a gaming economy built around the $KOIN token.

One of Khuga’s key platforms is Miawwhalla, a gamified hub that connects various elements of the ecosystem. Another major title is Khuga Rumble Arena, a multiplayer action game where players control characters with unique abilities in both competitive and cooperative game modes.

Additionally, Khuga Bash!, which recently entered beta testing, adds another layer to the gaming experience within the ecosystem.

What is Khuga’s $KOIN Token?

$KOIN is a Base-powered token designed to support economic activity within the Khugaverse. It will serve multiple purposes, including:

• Transactions: Players can use $KOIN for in-game purchases and marketplace exchanges.
• Governance: Token holders will participate in decision-making processes through decentralized governance.
• Staking: Users can stake $KOIN for rewards and ecosystem incentives.
• Incentive Distribution: A portion of ecosystem revenue will be allocated back to the community.

Khuga Labs has outlined how the 1 billion total supply of $KOIN will be distributed:

• Ecosystem Development – 37% (4% released at Token Generation Event (TGE), 3-month cliff, 1-year vesting)
• Public and Presale Investors – 30% (fully unlocked at TGE)
• Khuga NFT Holders – 10% (50% released at TGE, 6-month cliff, 1-year vesting)
• Team – 7% (0% at TGE, 1-year cliff, 2-year vesting)
• Treasury – 6% (0% at TGE, 1-year cliff, 2-year vesting)
• Liquidity Pools – 5% (fully unlocked at TGE)
• Marketing – 2.5% (0% at TGE, 1-year cliff, 2-year vesting)
• Community Partnerships – 2.5% (33.33% unlocked at TGE, 6-month cliff, 1-year vesting)

Khuga Labs has set a three-phase plan for implementing $KOIN across its ecosystem:

• Phase One: Deployment of $KOIN on Base, initial staking mechanisms, and NFT staking rewards.
• Phase Two: Expansion of $KOIN utility, including integration into in-game reward systems, marketplace transactions, and its use as the primary currency for Miawwhalla.
• Phase Three: Introduction of decentralized governance, incentive distribution expansion, and partnerships with blockchain projects and gaming organizations.

Further details on $KOIN and the Khugaverse ecosystem can be found in the official whitepaper.

Wilder World’s newly revealed gameplay trailer is making waves across the gaming community, positioning this AAA metaverse as one of the most anticipated titles of 2025 in Web3 Gaming.

Currently trending on the Epic Games Store, it combines AI, blockchain technology, and a sprawling map ‘13.5 times larger’ than GTA 5, according to the announcement. The trailer highlights intense racing, immersive first-person combat, and social interactions, all rendered with some nice cinematic realism.

Many have commented on the trailer’s visuals, which look impressive, and how Wilder World could redefine how we interact with virtual worlds. And the creators are big on a player-driven economy where users can shape the world around them and the game.

Launched in 2021, the new Wilder World footage shows high-speed racing on futuristic streets and intense combat scenarios that show off the dynamic world.

Social features, such as players forming alliances or attending virtual events, also stand out. All of this supports the core idea of a metaverse where you can explore, create and thrive on your own terms.

Advanced Tech Stack and Economy

Wilder World’s tech stack is AI and blockchain-powered but accessible to non-Web3 users where on-chain processes happen behind the scenes. The team will also launch their own blockchain on the Polygon CDK, which aims to be Polygon’s flagship gaming and metaverse project.

The economy is centred around the $WILD token, which fuels all in-game transactions. Players can spend $WILD on racing essentials like fuel, vehicle repairs and parts. They can also use it for weaponry, ammo, mining rigs and upgrades. There is also an NFT-driven marketplace where players can trade avatars and cars and land through the Wilder World Metaverse Market (WWMM).

Source Wilder World

Industry Support

Several big partnerships show the potential of Wilder World in the metaverse space. A collaboration with Samsung will see Wilder World integrated into Samsung Smart TVs and Gaming Hub so millions of users can interact with assets from their living rooms. Wilder World also partnered with Polygon and Celestia to make on-chain gameplay scalable and affordable so millions more players can join the world.

Behind the scenes, the project’s 110-plus member team features industry veterans, including Michael Pryor (previously at Nike) leading procedural generation efforts. Lead Concept Artist Brandon Gobey contributed to major film projects like Dune, and BAFTA winner Jon Reilly focused on character art.

With these experts on board and the trailer looking good, Wilder World looks ready to deliver a metaverse that blends advanced technology with user-generated content when it launches in Q1 2025.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.