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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
Trump Criticizes Powell, Calls for Interest Rate Cuts
Donald Trump criticized Jerome Powell on social media, urging cutting down the whales. Trump's call for cutting down the whales may impact the financial markets, including cryptocurrencies. Donald Trump used his social media platform to sharply criticize Jerome Powell, the Chairman of the Federal Reserve, describing him as a "fool" and blaming him for causing the United States to lose "billions of dollars." As Trump stated, "It's too late, Mr. Powell is the worst, he is truly a fool, causing the United States to lose billions of dollars!" Trump puts pressure on Powell to resign or cut interest rates Powell's call for a rate cut or Trump's resignation reflects the views of regulators Fannie Mae and Freddie Mac. This highlights potential changes in US monetary policy. The market's reaction to these calls included discussions about the potential impact across financial markets. Analysts note that interest rate cuts could boost activity in the mortgage market, while crypto assets such as Bitcoin and Ethereum could also be affected.
The potential changes in the cryptocurrency market after Trump's comments Did you know? In previous cycles, Trump's public criticism of monetary policy often coincided with volatility in both traditional and crypto markets, reflecting a shift in liquidity expectations. According to CoinMarketCap, Bitcoin (BTC) is currently trading at $105,110.13 with a trading volume falling in the last 24 hours of -8.63%. Although its price has decreased by -0.33% over the past day, it has increased by 24.36% over the last 90 days, positioning it as a key player in the ongoing market momentum. As Bill Pulte, from the Federal Housing Finance Agency, emphasized, "Fannie Mae and Freddie Mac's regulators called on Federal Reserve Chairman Jerome Powell to resign on Wednesday if he doesn't cut..."
The research team believes that the financial results from Trump's criticisms may readjust investor expectations. Historical trends show that dovish signals from the Federal Reserve often lead to increased activity in high-risk markets such as cryptocurrency assets. #PowellRemarks