#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
Joe Lubin: Ethereum could surpass Bitcoin thanks to its role as a global financial infrastructure
Joe Lubin – co-founder of Ethereum and CEO of Consensys – stated that ETH could surpass the price of Bitcoin due to its utility and role in building a trust-based financial system.
On the FOMO Hour podcast of Rug Radio, Lubin revealed that Consensys is negotiating with national investment funds and major banks of a "very large" country to develop Ethereum infrastructure, including both layer-1 and custom layer-2 solutions.
Consensys recently led a $425 million investment in SharpLink Gaming – a company that will establish a treasury using Ether and implement staking, restaking, and DeFi. SharpLink's stock has surged over 400% following the news.
Lubin emphasized that Ethereum is the "most reliable programmable platform in the world," and if governments start to integrate or hold ETH, the balance of power among digital assets could shift.