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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
The Ohio Bitcoin Rights Bill was unanimously passed by the committee.
The Ohio House of Representatives Technology and Innovation Committee has unanimously passed Bill HB 116, also known as the "Bitcoin Rights Bill," aimed at protecting the rights to self-custody of digital assets, operate nodes, and crypto mining. The bill, proposed by Representative Steve Demetriou, received bipartisan support and will be brought before the full House for a vote.
HB 116 also proposes a $200 tax exemption on profits from digital asset transactions, making it easier for retail users to use cryptocurrency in their daily lives without tax hassles. The goal of the bill is to attract blockchain businesses and promote Ohio as a digital asset technology hub.
However, some opinions are concerned that the law may create regulatory loopholes and conflict with environmental goals or consumer protection.