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MEXC May–June Report: 750M+ USDT Futures Insurance Fund & 100% Asset Reserves

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57 minutes ago

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Mutsamudu, Comoros, July 16th, 2026, Chainwire

MEXC, a pioneer in 0-fee digital asset trading, today released its May–June bimonthly security report, reinforcing its role as a trusted global gateway where security and trust always come first. The audit indicates that MEXC’s Futures Insurance Fund surpassed a landmark threshold of 750 million USDT as of June 29, marking a substantial 34% expansion over the preceding reporting period. Concurrently, reserve verification data confirm that the coverage ratios for BTC, ETH, USDT, and USDC all remained safely above 100%, with Bitcoin delivering a reserve ratio of 269.35%.

During May–June, crypto security incidents remained elevated across the industry. According to aggregated data from major blockchain monitoring agencies, 142 independent security incidents were confirmed during the period, resulting in approximately US$194 million in verifiable financial losses. DeFi security incidents accounted for 55% of total incidents, with related losses of approximately US$150 million. Cross-chain bridges, private key management, and user endpoints emerged as the three major weak points in the industry’s security landscape during the period.

Against this backdrop, asset reserve transparency and risk-buffering capacity have become important foundations for user protection across trading platforms.

Futures Insurance Fund Grows to 751 Million USDT

Quantifying this safety buffer, the total balance of MEXC Futures Insurance Fund reached 751 million USDT by the June 29 close, marking a net capital inflow of over 191 million USDT relative to the prior bimonthly disclosure. This dedicated capital reserve serves as a primary systemic countermeasure designed to absorb unexpected liquidation slippage during periods of heightened market volatility.

By neutralizing excess delta risk, the fund systematically reduces the likelihood of activating Auto-Deleveraging (ADL) protocols, thereby ensuring orderly clearing conditions across all active derivatives markets. Real-time solvency tracking and live reserve balances remain continuously auditable via the public MEXC Proof of Trust interface.

Major Assets Continue to Maintain Excess Reserves, with BTC Reserve Ratio Reaching 269.35%

In addition to providing a risk buffer for the futures market, MEXC continues to enhance asset transparency through its Proof of Reserves mechanism, allowing users to verify asset backing directly on-chain.

As of the reporting date, reserve ratios for major assets were as follows:

  • BTC: Reserve ratio of 269.35%, with 12,656.63 BTC held in wallets, corresponds to 4,698.90 BTC in user assets.
  • ETH: Reserve ratio of 118.14%, with 77,527.30 ETH held in wallets.
  • USDT: Reserve ratio of 113.95%, with approximately 2.139 billion USDT held in wallets.
  • USDC: Reserve ratio of 125.41%, with approximately 95.41 million USDC held in wallets.

These reserve figures are publicly verifiable through on-chain wallet addresses and MEXC’s Merkle Tree-based Proof of Reserves system, enabling users to independently verify asset coverage.

Maintaining platform-wide custody standards, the MEXC Guardian Fund continues to operate its rigorous dual-reserve architecture consisting of USDT and BTC allocations. Every underlying crypto-asset remains fully segregated, verifiable, and tied to on-chain addresses that are permanently open to public audit. The strategic asset expansion roadmap previously disclosed by the corporate risk team remains fully underway.

Guardian Fund Wallet Addresses:

From risk identification to asset recovery, throughout the Entire Trading Journey

During May–June, user-side attacks also continued to increase. Phishing scams and endpoint & supply chain security incidents resulted in approximately US$28.59 million in related losses, highlighting the growing importance of account risk identification, external support for suspicious fund investigations, and asset recovery capabilities.

In terms of related user protection mechanisms, risk mitigation within the MEXC infrastructure extends far beyond baseline asset reserves, integrating advanced account risk identification, external forensic investigations into funds, and systematic recovery protocols for misdirected transfers. 

During the May–June performance window, the platform’s financial intelligence unit successfully flagged and restricted 9,518 accounts linked to organized illicit syndicates, effectively dismantling 4,394 distinct fraudulent networks.

Geographically, these illicit operations exhibited high concentration vectors within two primary jurisdictions:

  • Commonwealth of Independent States (CIS) Region: 2,096 fraudulent networks neutralized.
  • Indonesia: 1,229 fraudulent networks neutralized.

In parallel with internal containment, MEXC significantly expanded its judicial and law-enforcement cooperation protocols. The compliance department processed 497 external statutory investigation requests, which included the successful execution of 53 judicial asset-freezing mandates. Furthermore, the platform’s real-time transaction monitoring systems intercepted 7 high-risk inbound illicit fund transfers, freezing a total of 303,277 USDT before it could contaminate the exchange’s broader liquidity pools.

Addressing user-side transactional errors, MEXC manually processed 812 individual asset recovery requests involving erroneous cross-chain deposits and misdirected transfers, successfully remediating assets valued at 343,515 USDT. Every sub-case was subjected to a dual-layer review protocol that combined manual asset verification with on-chain forensic auditing. Compliance teams deployed advanced multi-ledger cross-chain tracing techniques to locate, isolate, and safely return the misrouted capital to its rightful owners.

Vugar Usi, CEO of MEXC, said, “True trust is not built on promises made before risks emerge, but on whether protection remains visible and verifiable when challenges arise. With our Futures Insurance Fund surpassing 750 million USDT, together with publicly verifiable Proof of Reserves, we are reinforcing MEXC’s role as a trusted global gateway where security and trust always come first, ensuring all user’s assets are safeguarded.”

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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CGTN: Building modern, livable cities: China’s people-centered approach to urban development

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11 minutes ago

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July 17, 2026

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In recent years, China has accelerated its urban renewal efforts, aiming to create modern, livable cities for residents. CGTN published an article exploring how China is transforming urban spaces through a people-centered approach, and how urban renewal, improved public services and smart governance are enhancing people’s quality of life.

For decades, residents of Shimin Xincun, a residential community in Shanghai’s Huangpu District, lived with aging buildings, outdated facilities and daily inconveniences. Today, the neighborhood has taken on a new look.

After more than three years of renovation, the four residential buildings built in the 1950s have been transformed with safer structures, modern kitchens and bathrooms, elevators, private balconies, pocket gardens and underground parking facilities. The upgrade benefited 351 households and greatly improved their overall living experience.

The community’s transformation reflects a broader effort across China to make cities more livable and people-centered.

During an inspection tour on Wednesday, Chinese President Xi Jinping visited Shimin Xincun and highlighted the importance of high-quality urban renewal in advancing urban modernization.

Xi stressed the need to fully embrace the people-centered philosophy of urban development, saying urban development should focus on improving residents’ sense of fulfillment, happiness and security.

Renovating aging neighborhoods for better living

Since 2020, China has accelerated efforts to upgrade aging residential communities, improve underground infrastructure and revitalize historic neighborhoods, aiming to create cities that better meet people’s changing needs.

Wenzhou, an eastern Chinese city, provides an example of how urban renewal can not only improve living conditions but also generate new economic opportunities. The city was rated among the highest-performing cities in China’s 2025 urban renewal action, alongside Beijing, Shanghai and other cities.

In 2025, Wenzhou renovated more than 330,000 square meters of old residential communities, adding facilities such as fitness equipment, elderly-friendly handrails and children’s play areas.

The city has also explored ways to combine urban renewal with local economic development. In the Shuangjingfang neighborhood, 8,000 square meters of unused space was revitalized, where more than 100 designers, architects and entrepreneurs joined forces to develop new businesses, including small theaters, cafes, boutique hotels and cultural spaces. The area has since attracted more than 8 million visitors annually and generated more than 100 million yuan (about $14.8 million) in yearly revenue.

Furthermore, Wenzhou has turned unused urban spaces into new public assets. Former industrial sites and abandoned areas have been transformed into cultural venues, parks and scenic spots, including a cliffside forest theater and a 25-kilometer island ring scenic corridor in Dongtou District.

These urban renewal projects have not only repaired aging buildings but also expanded public spaces, boosted local economies and enhanced residents’ quality of life.

From urban renewal to better governance

Beyond physical upgrades, China is also focusing on improving urban services and governance.

During Xi’s visit to Shanghai, he visited the home of a retired resident to learn about her daily life. He said that the Communist Party of China is dedicated to serving the people, and that only when people live and work in peace and contentment can the Party and the government feel reassured.

Xi also visited a community fresh produce stall, where he stressed the importance of improving community governance and building well-equipped communities and convenient living circles.

In recent years, China has been promoting the development of “15-minute community life circles.” The initiative aims to ensure that residents can access essential services within a short walk from their homes, including grocery stores, pharmacies, restaurants, healthcare, elderly care, childcare, fitness and leisure facilities.

The program has become a key part of China’s efforts to improve urban living standards and create more convenient communities. According to official data, by the end of 2025, more than 8,100 15-minute community life circles had been established nationwide, covering more than 160 million residents.

At the same time, cities across China are using digital technologies to improve governance. Through big data and artificial intelligence technologies, local governments are enhancing real-time monitoring of infrastructure, improving emergency responses and making public services more efficient.

Beijing’s 12345 citizen service hotline is one example. By integrating big data and AI technologies, the platform has improved how public requests are processed and followed up. In 2023, it handled 21.44 million citizen requests, with a 100% response rate, a 95.5% resolution rate and a 96.1% satisfaction rate. The hotline has become a model for improving governance in a megacity.

From urban renewal to urban governance, China is advancing a people-centered approach to city development. Beyond ensuring that people have a place to live, the focus is now on creating more livable communities, improving public services and enhancing governance, allowing residents to share more fully in the benefits of urban development.

https://news.cgtn.com/news/2026-07-16/Building-modern-livable-cities-China-s-approach-to-urban-development-1OP8o5bp3wI/p.html

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Bee Protocol Unveils Global Ecosystem Strategy to Build an AI-Powered Web3 Financial Super App

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6 hours ago

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July 16, 2026

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California, USA – Bee Protocol Limited has officially unveiled its global ecosystem strategy, introducing the AI Financial Network, a next-generation financial ecosystem designed for users worldwide. By integrating artificial intelligence, blockchain technology, and real-world utility, Bee Protocol is building a Web3 Financial Super App that combines AI assistance, on-chain yield generation, global payments, digital spending, communication services, and community governance into a unified platform.

As the digital asset market continues to grow, demand for yield management, payment solutions, and real-world utility is increasing rapidly. Bee Protocol aims to bridge the complete journey from earning to transferring and spending digital assets through a unified ecosystem, enabling digital assets to become part of everyday life for users around the world.

The Bee Protocol ecosystem consists of six core products:

BeeBot – An AI-powered MEV arbitrage engine that leverages on-chain data analysis and intelligent execution strategies to help users discover and participate in on-chain yield opportunities.

BeePay – A global digital payment network that collaborates with local e-wallets and payment service providers worldwide, offering digital asset settlement, fiat off-ramp services, cross-border remittances, and merchant payment solutions.

BeeCard – A digital asset spending gateway that enables convenient online and offline payments using digital assets.

BeeSim – A global communication platform providing both eSIM and physical SIM card services, delivering convenient, secure, and cost-effective mobile connectivity worldwide.

Bee-AI – An AI Assistant powered by Large Language Models (LLMs), supporting intelligent conversations, content creation, image generation, ecosystem navigation, information retrieval, and asset management assistance, providing users with a smarter and more intuitive experience.

BeeDAO – A community governance and protocol treasury system designed to support community participation, ecosystem incentives, and long-term sustainable development.

Together, these six products form a complete ecosystem covering yield generation, payment settlement, consumer spending, global connectivity, AI-powered services, and decentralized governance.

About Bee Protocol

Bee Protocol Limited is a California-registered fintech company with a registered capital of USD 1 Billion and holds a U.S. Money Services Business (MSB) license.

The company focuses on AI, digital payments, and Web3 financial innovation. Through its six core products, Bee Protocol is building an AI Financial Network that connects digital assets with real-world applications, delivering a more open, efficient, and intelligent one-stop financial experience for users worldwide.

With the vision of “Empowering Digital Assets for Everyone,” Bee Protocol is committed to accelerating the adoption of digital assets across payments, commerce, communication, and artificial intelligence applications.

Media Contact

Email: Beeprotocol@outlook.com

Website: https://beeprotocol.io/

Telegram: https://t.me/Bee_Protocol

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Jia Signs Netbank as First Institutional Partner, Opening Its SME Lending Infrastructure to Banks and Lenders

Published

10 hours ago

on

July 16, 2026

By

Los Angeles, United States, July 16th, 2026, FinanceWire

Proven on US$20M in Philippine SME loans with a sub-3% NPL rate, Jia’s AI underwriting infrastructure Ossicone is now available for banks, cooperatives and lending companies to deploy under their own brand 

Jia, a financial platform serving businesses across emerging markets, today announced a landmark partnership with Netbank, a bank regulated by the Bangko Sentral ng Pilipinas, marking the first time Jia has opened its lending infrastructure to an outside institution. As part of the partnership, Netbank has extended Jia a $2 million credit facility, Jia’s first institutional credit facility in the Philippines, to fund working capital loans for up to 500 SMEs over the next 12 months, and is powering Jia Accounts, a new business banking product for Philippine SMEs that lets borrowers receive funds and manage repayments in a single regulated flow

The partnership is the latest milestone in Jia’s expansion from lender to platform. Since 2022, Jia has originated more than US$20 million in SME loans in the Philippines with a non-performing loan rate below 3% and zero write-offs, against an industry average of 10% to 15%. That track record was built lending to the businesses most institutions overlook such as retailers, distributors, and inventory-heavy companies with proven order flow and a history of repayment, underserved not by their own performance but by the limitations of conventional credit assessment.

At the center of Jia’s infrastructure is Ossicone, its proprietary AI underwriting engine. Ossicone reads the documents that define how emerging market businesses actually operate – purchase orders, supplier invoices, delivery receipts – and returns a credit decision in under 30 minutes at 97% accuracy. No public training set exists for how Philippine SMEs trade, pay, and borrow. Jia has spent three years building one, sharpened by every loan on its book. With Jia Accounts now live, real-time cashflow data feeds directly into Ossicone’s models, compounding its accuracy over time.

SMEs across emerging markets face an estimated US$8 trillion credit gap that legacy banks are structurally unable to close. Jia is now making the infrastructure it built and proved on its own balance sheet available to the banks, cooperatives, and lending companies that want to close it. Through Ossicone via API and a white-label product, any financial institution can deploy Jia’s accounts, underwriting, and capital connectivity under its own brand, without rebuilding core infrastructure. Netbank is the first institution to build on that infrastructure — pairing the banking rails behind Jia Accounts with Ossicone-powered underwriting — validating a model Jia is now extending to banks, cooperatives, and lending companies across the region.

“Every emerging market has thousands of businesses growing fast, paying on time, and waiting for a bank that can see them clearly,” said Zach Marks, CEO of Jia. “We spent three years building the infrastructure to do that and proving it on our own balance sheet. Now we’re opening it to other institutions, because the opportunity is too large for any one lender to capture alone.”

“There is no public dataset for Philippine SME financial documents. That’s the moat,” said Krizanne Ty, President and Country Head at Jia Philippines. “Every loan has sharpened Ossicone’s accuracy, and now that businesses bank with Jia, their live cashflow feeds directly into the models — making them better for every SME on our book and every institution building on our platform.”

Financial institutions interested in deploying Jia’s infrastructure can reach the team at partners@jia.xyz. 

About Jia

Jia is the financial operating system for emerging market businesses, combining business banking, AI-powered underwriting, and capital connectivity in a single platform. Validated on its own live loan book in the Philippines since 2022, Jia now makes the same infrastructure available for banks, cooperatives, and lending companies to deploy under their own brand. Jia is led by a team that has scaled fintech businesses and managed more than US$10 billion in assets across emerging markets, and is backed by leading global fintech investors. Users can learn more at jia.xyz.

Contact

Partner
Maggie Philbin
VSC for Jia
press@jia.xyz

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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