#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
What do you think about Huma giving Kaito Yaper an airdrop?
Written by: Haotian
Regarding the airdrop from @humafinance to Kaito Yaper, there is much more to this matter than meets the eye. Here are three points:
Platforms like @KaitoAI and @cookiedotfun essentially create a "digital profile" for each KOL, quantifying content value, audience quality, interaction efficiency, and other influence dimensions through machine learning.
To some extent, this upgrades the KOL selection mechanism, which originally relied on "insider relationships" and "subjective judgment," to an AI data-driven precise delivery.
However, the initial algorithm evaluations are often unsatisfactory, as small-scale manipulation can be done through mutual praise groups, follower farms, and comment assistance, leading to a short-term influx of profit-seeking studios rushing into the opportunity to exploit.
But don't forget that algorithms can be continuously optimized. When engaging in roll interactions, paying attention to IP and asset correlation can help avoid being targeted by witches. However, the probability of being targeted by witches will only increase under "black box" conditions, especially with roll algorithms. Treat it as a "fur harvesting business" and be cautious.
Therefore, these big V accounts tend to be more "aloof", posting infrequently and interacting cautiously, which may be classified as "inactive users" in the eyes of the algorithm. On the other hand, some mid-tier KOLs frequently retweet, comment, and engage daily, scoring high in the algorithm's activity rating.
This actually exposes a core bug in the current algorithm assessment - treating "quantity" as "quality" and "frequency" as "value." In the short term, it will indeed bring a wave of benefits to KOLs who are willing to frequently promote projects.
That said, algorithms ultimately need to rely on objective influence assessments to succeed. As algorithms continue to optimize, 'interaction frequency' will inevitably give way to the weight of 'content value'; otherwise, top KOLs and high-quality projects will leave, which is something the platform controlling the algorithm's black box absolutely does not want to see. The key is how to balance content value and interaction frequency simultaneously, avoiding severe differentiation of platform KOL resources.
What’s worse is that the algorithm overly relies on quantitative indicators—like the number of interactions of Smart Followers—while neglecting truly valuable elements for dissemination, such as content depth, audience quality, and brand fit. The issues caused by algorithmic bias are quite evident:
First, the marketing ROI has declined - airdrops have been given to accounts with mismatched influence value, and the actual conversion effect is certainly not as expected; second, there is a brand reputation risk - overemphasizing the quantity of interactions rather than the quality of the content may even damage the market recognition that the project team has worked hard to establish.
Of course, this is also a dynamic game process. The algorithm model will constantly optimize, and the project party can also intervene to adjust it artificially. In the end, it still needs to return to the two-way matching of brand value and user value for the business models of algorithm platforms like Kaito and Cookie to truly grow strong.
Note: I personally acquire Yap points in a purely Buddhist way. In the past week, I've clearly felt that quality content has been weighted, and my ranking is quite high. Platforms with AI algorithms are quite important in the distribution of "ecological niches" in the attention economy's Mindshare.
But it is best to avoid a monopoly, so it is necessary to support more platforms similar to Cookie to join the competition.