#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
BRC-2.0 Bitcoin Tokens May Eclipse Runes
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In a recent announcement, Best in Slot, an infrastructure firm supporting popular Bitcoin wallets and applications like Xverse and Liquidium, has disclosed an upgrade for BRC-20 tokens.
The upgrade, referred to as BRC2.0, is anticipated to launch on the Bitcoin Testnet in the first quarter of 2025, aiming to introduce “smart contracts” to BRC-20s, thereby enabling competition with Bitcoin’s sidecha