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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
Synthetix reintroduces the SNX and sUSD stake incentive program, with a total reward of 10 million SNX.
Techub News, synthetic asset protocol Synthetix announced the re-launch of the SNX staking mechanism, users can stake SNX in the 420 pool of the Ethereum mainnet, and share 5 million SNX rewards according to the staking amount and duration. Rewards start accruing from May 28 and will be unlocked at the end of the 12-month lock-up period (May 28, 2026). The new mechanism no longer requires holders to manage debt positions or collateral ratios, lowering the barrier to participation. The staked principal can be withdrawn at any time (subject to a 7-day cooldown period), but early withdrawal will result in the loss of accumulated rewards, which will be returned to the Synthetix vault to incentivize long-term stakers and prevent short-term arbitrage.
In addition, the sUSD staking channel is now open, with a rewards pool of 5 million SNX, but the staked funds will be completely locked for 12 months.