#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
Kava co-founder: Decentralization AI has long-term value, unlike NFT speculation.
PANews, April 14th news, according to CoinDesk, Kava Labs co-founder Scott Stuart stated that decentralized AI has practicality and long-term potential, rather than a non-NFT short-term bubble. After transitioning from DeFi, Kava launched an AI platform and marketplace, including a blockchain-native chatbot powered by the DeepSeek R1 model and decentralized GPU infrastructure, making it one of the few projects that outperform the market in the AI track. Stuart emphasized that open source transparency will be key to the future development of AI, rejecting closed black-box models.