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- 🏁 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
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#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
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- #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
Analysis: The contraction of the US GDP and the slowing of inflation may drive the Federal Reserve to cut interest rates, which could benefit Bitcoin.
According to Mars Finance, the U.S. GDP has contracted for the first time in three years, and the core PCE inflation rate has remained flat, decreasing year-on-year from 3.0% to 2.6%, alleviating inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, and market expectations for interest rate cuts are increasing, which could be favourable for alternative assets like Bitcoin, rather than the stock market. Bitcoin has risen over 13% since "Liberation Day," reaching $97,000, with a net inflow of $442 million into Spot ETFs on May 1. Douro Labs CEO Mike Cahill mentioned that if the employment data on May 2 is weak, Bitcoin's price may rise again due to expectations of interest rate cuts. (The Block)