#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
WWE at the White House? Musk and Treasury Secretary Bessent clash, retorting "You're the spokesperson for Soros"
TSL CEO Elon Musk ( and current US Treasury Secretary Scott Bessent ) had a serious disagreement over the nominee for the acting head of the IRS (. Both parties exchanged harsh words, and the volume was so high that aides had to intervene urgently.
Musk bypassed the Treasury Secretary and directly pressured Trump to intervene in IRS personnel matters.
The trigger event was Musk promoting the appointment of "anti-Biden whistleblower" Gary Shapley as acting head of the IRS on 4/16, as Shapley had previously leaked tax information about Biden's son and is a controversial figure in the White House.
But Besant wants to promote his deputy Michael Faulkender to serve as the acting agent, waiting for the Senate to confirm former Missouri Congressman Billy Long as the official director.
A conflict broke out at the White House, and the Treasury Secretary rarely got angry and yelled at Musk.
According to sources, there was an intense clash between the two sides at the White House, with even the usually mild-mannered Bessent cursing at Musk, and the atmosphere was explosive.
Witnesses described: "Two middle-aged billionaires were like WWE wrestlers shouting at each other in the hallway," with even White House staff intervening to separate the two, as the situation momentarily spiraled out of control.
Musk retorted, "You are a Soros agent," adding fuel to the fire.
According to reports, Beisen mocked Musk's DOGE project effectiveness during the meeting, stating that "the cost-saving report has no substantial meaning."
Musk directly retorted that Besant is a "Soros spokesperson," pointing the finger at the deep state and political conspiracy theories. This statement is considered to have anti-Semitic undertones and is a sensitive remark that Musk has often been criticized for in the past on social media.
Musk has long been unhappy with Bessent and got even more frustrated after trying to push his own people and failing.
According to sources, the two have had a grudge since the transition period after Trump's election.
At that time, Musk strongly recommended that Trump appoint Lutnick Howard Lutnick as Treasury Secretary, but in the end, Trump chose Bensent, which made Musk dissatisfied.
The finance minister's close aide spoke cryptically: "He is not happy with Musk, but appears very mature on the surface."
According to a senior official from the Ministry of Finance who spoke privately to the media, "Besent seems mature on the surface, but actually has a strong aversion to Musk."
At the same time, it suggests that Musk's situation is unstable due to the recent controversy surrounding DOGE and the sharp decline in TSL's stock price, which may also be one of the triggers.
This article: Is the White House staging WWE? Musk and Treasury Secretary Bessent clash, firing back "You are the spokesperson for Soros". First appeared in Chain News ABMedia.