Binance published its 28th proof-of-reserves report. What the assets-to-liabilities ratio reveals and what it still does not cover.
Priya Rao Verified
Markets Editor
Priya covers macro flows, Bitcoin ETF activity, and the bridge between traditional finance and crypto. She leads TheWeal's coverage of institutional adoption, custody, and post-FTX exchange transparency. Before TheWeal she spent four years as a markets reporter at a tier-one financial newsroom in Asia, where she broke the story of a regional exchange insolvency that prompted regulatory action.
Verified February 2026 · TheWeal Editorial — Identity verified via government ID; employment history confirmed via LinkedIn references
- Bitcoin ETFs
- Institutional adoption
- Custody & proof-of-reserves
- Exchange transparency
- Market structure
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London School of Economics 2018MSc Finance & Economics
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University of Mumbai 2016BA Economics (Hons)
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Nikkei Asia 2020u20132026Markets Reporter
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Reuters 2018u20132019Financial News Intern
- CFA Level II candidate
- Reuters Foundation Financial Journalism Programme (2021)
- SOPA Award shortlist (2024) — Excellence in Financial Reporting
- Reuters Foundation Fellowship (2021)
- Token2049 Singapore (2025) — moderator, institutional custody panel
- Messari Mainnet (2024) — speaker, ETF approval frameworks
Holds no individual cryptocurrency positions. Does not accept compensation or gifts from companies or projects covered. Operates under TheWeal's ethics policy.
By Priya Rao
4 articles published on TheWeal.
Bitcoin dominance returned to 60%+ as altcoins underperformed through Q2. The historical playbook for the rotation back.
Spot Bitcoin ETF inflows accelerated this week, with $148M net across the 11 US-listed products. Here is what BlackRock, Fidelity, and Bitwise…
BTC dominance, ETH staking yield, stablecoin supply, L2 fees, ETF flows — the five charts that explain where the market is right…
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Priya can be reached at press@theweal.com. For Signal contact details, use email first — Signal numbers are exchanged after initial vetting. Pitches that are off-topic for Markets Editor coverage will not receive replies.