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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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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
The social app Phaver has ceased operations due to running out of funds, with the Token falling by 99%.
BlockBeats news, on April 6, according to DeFi researcher Ignas, the social media application Phaver has ceased operations, and its Token price has fallen 99% since the TGE in September 2024. Phaver team members stated that first, there were technical issues with the TGE and Airdrop, causing users to be unable to claim promptly, which triggered FUD; second, Phaver paid over $1 million in fees to launch on 5 CEXs; third, due to a sluggish market sentiment, the team did not sell Tokens during the TGE, leading to insufficient operating funds. As a Finnish company, Phaver also needs to pay 1 to 2 months of severance pay to employees. Some former team members are developing SocialDAO to seek new uses for the SOCIAL Token.