- Pin
- 🏁 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
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
✅ VIP Seat at an F1 Grand Prix
✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
👉 Go Now: www.gate.com/competition/f1rb/s1
#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
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
Exclusive for new Gate users:
📲 Download the APP to claim 2 GT
🎯 Complete simple tasks to share a 3,000 GT reward pool!
Limited time, limited supply — first come, first served!
👉 https://www.gate.com/campaigns/1227
- #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
Victory for Ripple: XRP winked at the bull with a strong surge
The Ripple lawsuit with the SEC is nearing its final stages, and there is no sign that XRP will be classified as a security, so the price of XRP has increased by 26 percent.
The price of XRP increased by 26% as a federal judge in New York approached to end a three-year securities case against Ripple Labs. Executives are describing the lawsuit as a 'victory' for the sector.
On August 7, a judge ordered Ripple Labs to pay a $125 million fine and said the firm has been "permanently enjoined and restrained" from violating U.S. securities laws in a lawsuit filed by the Securities and Exchange Commission (SEC).
Praise for Ripple (XRP) from Authorized Figures
Ripple is bringing its lawsuit against the SEC to its final stages since the regulatory agency first filed a lawsuit in December 2020. According to CoinMarketCap data, XRP rose by 26% after the news to $0.63 and largely recovered from the drop on August 5th.
Ripple Labs CEO Brad Garlinghouse shortly after the case said in a post: "The outcome of the case is a victory for the industry and the rule of law. The SEC's negativity towards the entire XRP community has been eliminated." He added, "The SEC's unbalanced campaign against us has finally come to an end. Let's all hope that this Administration will end its war on crypto." Co-founder of Ripple Labs, Chris Larsen, added.
Crypto lawyer and Hodl Law founder Fred Rispoli said in an X post on August 7th, 'In general, a big win for Ripple. While I'm surprised by the $125 million fine, Ripple managed to earn it solely through the price movement of XRP in the last 5 minutes.'
This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.