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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
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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
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- #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
Analyst: The US GDP unexpectedly shrank in the first quarter, if the Federal Reserve turns dovish, it will be favourable information for Bitcoin.
PANews May 2 news, according to The Block, the annualized GDP in the United States decreased by 0.3% in the first quarter of 2025, marking the first negative growth since 2022. BRN's chief research analyst Valentin Fournier pointed out that the slowdown in economic growth and the cooling of inflation may prompt the Federal Reserve to adopt a more dovish monetary policy stance, providing support for risk assets such as Bitcoin. The current bullish price movement is the main demand driver, and a new round of liquidity injection may lead to alternative risk assets like Crypto Assets benefiting more than stocks, as stocks could struggle in the context of economic slowdown. Since the "Liberation Day", Bitcoin has risen over 13%, reaching a two-month high, while the S&P 500 index has gained less than 1% in the past 30 days, with Bitcoin outperforming the stock market.