#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
Taiwan Advises Government Departments Not to Use DeepSeek
DeepSeek continues to receive hostility from nations. Taiwan’s Ministry of Digital Affairs (MODA) has said that government departments should not use the Chinese startup AI services. He says the product is from China, which is a security concern.
Contrary to the competitiveness of the US, Taiwan, also known as the Republic of China, has political concerns about DeepSeek. The democratic nation has been cautious about Chinese technology. This is because China claims control over the island and ha