Why do we have to send a separate article every time to explain the Merkel tree proof? Sun must know that the biggest fear of centralized exchanges is that they claim to have it on paper but don't see it on the chain. Being a little more afraid is that 'the user's money has been used for something else'. To make Huobi return to the top three, users must be reassured. So since you served as Huobi's global strategic adviser, you have insisted on reporting to everyone every month. Am I right? Brother @ Justinsuntron Merkle Tree asset proof+on chain wallet address is currently the most transparent and verifiable approach. HTX Huobi has continuously made public announcements every month, packaging your and my asset snapshots in an encrypted way to form a "tamper proof tree structure", and then giving the contribution root hash, so that all users can self verify whether their assets are inside. ✅ A non falsifiable, verifiable, and auditable asset disclosure mechanism ✅ You can find the leaf nodes where your assets are packaged in the report ✅ By double checking with the cold wallet address on the chain, it can be confirmed that the asset is truly there So it's not just about the exchange saying it's there, but about the dual proof of on chain and Merkle tree, where the accounts match the reality. 📊 Summary of July Data (Total Reserve Rate>100%): BTC：101% ETH：100% TRX：105% USDT：101% XRP, DOGE, SOL: all 100% Overall reserve rate of the platform: 102% Slightly improved compared to last month, still maintaining stable excess coverage. I still want to praise Sun Ge's international perspective! ✅ When many exchanges only publish a temporary certificate when something goes wrong, Huobi has turned the "Merkel tree certificate" into a monthly report habit; ✅ Not only does it meet regulatory compliance, but it also proactively prevents the risk of bank runs; ✅ The answer given to users is not 'what we said', but something that can be checked on the chain and verified by yourself. In fact, when it comes to cryptocurrency trading, choosing an exchange that can openly provide proof of on chain assets every month is better than apologizing afterwards. This matter should be seen from a higher dimension. I am relieved to put my money in Huobi and willing to trade and participate in some financial products. Only when I feel relieved can I continue to give blood to myself. Thanks to Sun and Huobi, who have been thinking for the people @justinsuntron @HuobiGlobal @HTX_Molly @qingyang007 @xiaojiucai_andy @HTX_DAO @ceee333_ @HTX_Global HTXNOVA TRONEcoStar People's Exchange