- Pin
- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
✅ VIP Seat at an F1 Grand Prix
✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
👉 Go Now: www.gate.com/competition/f1rb/s1
#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
Exclusive for new Gate users:
📲 Download the APP to claim 2 GT
🎯 Complete simple tasks to share a 3,000 GT reward pool!
Limited time, limited supply — first come, first served!
👉 https://www.gate.com/campaigns/1227
- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
After the Taproot Wizards minting at the minting factory, the floor price of Quantum Cats NFT fell by 54%.
The Floor Price of Quantum Cats NFT plummeted after the minting incentives for Taproot Wizards ended, starkly contrasting with the relative stability of other Bitcoin NFT collections.
The following is an excerpt from The Block Data and Insights newsletter.
Last week, the Floor Price of the Bitcoin NFT Quantum Cats halved, dropping from 0.087 BTC on March 30 to 0.04 BTC on April 5 (Saturday). Meanwhile, the Floor Prices of some other well-known Bitcoin NFT collections remained relatively stable. For example, during the same period, the prices of NodeMonkes and Bitcoin Puppets only decreased by 5% and 8%, respectively.
The significant fall of approximately 54% in the Floor Price of Quantum Cats is related to the minting activity of Taproot Wizards that started on March 25.
Holders of Quantum Cats enjoy a discount on the minting of Taproot Wizards, incentivizing people to buy and hold these NFTs before minting. Specifically, collectors who own paired "entangled" Quantum Cats can enjoy a 50% discount on the minting price, reducing it from 0.2 BTC to 0.1 BTC. However, after the minting of Taproot Wizards ended, those who bought and held Quantum Cats merely to obtain the discount lost the motivation to continue holding these NFTs, leading them to sell, exemplifying the typical "sell the news/event" phenomenon.
This event has brought the Floor Price of Quantum Cats closer to its peers, such as NodeMonkes and Bitcoin Puppets, rather than being influenced by the expectations and hype surrounding the minting of Taproot Wizards, which has held a relatively significant premium since the end of 2024.