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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
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
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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
Chinese car company Cango, listed on the NYSE, has become the third largest Bitcoin Mining enterprise
Techub News reported that Cango Inc., a Chinese automotive company listed on the New York Stock Exchange under the code CANG, has become the third-largest BTC Mining enterprise. On November 15th, the company announced the acquisition of 32 EH/s worth of ASIC Antminers from Bitland for a price of 256 million US dollars, accounting for approximately 4% of the total Hash Rate of the BTC network.
The initial purchase was all from the Antminer S19 XP model, currently hosted in the facilities managed by Bit Mainland in the United States, and is of great importance in Georgia. In November, Cango mined 363.9 BTC, worth approximately 38.76 million US dollars at current value.
After this acquisition, Cango's stock price has risen 75% in the past week and 692% year-to-date. Canoo's market value is close to $600 million.