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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
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
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Start your engines & trade fast
Top the leaderboards. The Race is ON!
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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!
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
Demystifying IRS Guidelines for Crypto Brokers: Key Facts for 2025
Crypto brokers have faced increased scrutiny from the IRS in recent years due to the growing popularity of digital currencies. It is crucial for individuals involved in cryptocurrency trading to understand the rules and regulations set forth by the IRS to avoid potential legal issues.
One of the most important rules that crypto brokers must adhere to is reporting transactions over a certain threshold. This threshold, set at $10,000, requires brokers to report any transactions that exceed this amount to the IRS. Failure to comply with this rule can result in penalties and fines.
Additionally, crypto brokers must also provide clients with accurate and timely information regarding their cryptocurrency transactions. This includes details such as purchase price, sale price, and any fees associated with the transaction. Failing to provide this information can lead to legal repercussions for both the broker and the client.
In order to ensure compliance with IRS regulations, crypto brokers are encouraged to keep detailed records of all transactions, including dates, amounts, and counterparties involved. These records can be extremely helpful in the event of an audit or investigation by the IRS.
Overall, it is essential for crypto brokers to stay informed about the latest IRS regulations and guidelines to avoid any potential legal issues. By understanding and following these rules, brokers can protect themselves and their clients from unnecessary complications.
The post Demystifying IRS Guidelines for Crypto Brokers: Key Facts for 2025 appeared first on Crypto Breaking News.