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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
Morgan Stanley: Raises Tencent Music's target price by 12.2% to $16.5
Jin10 data reported on May 14 that Morgan Stanley released a report raising the target price for Tencent Music (TME.N) from $14.7, an increase of 12.2% to $16.5, maintaining an "overweight" investment rating. Morgan Stanley explained that the target price increase for Tencent Music is based on considering the market value of Tencent Music's long-term strategic investments with a 30% discount (in line with the bank's strategy on Tencent), including a 2% stake in Spotify, a 2% stake in UMG, and a 0.8% stake in Warner Music Group. These equate to a value of $2 per American Depositary Share (ADS). Tencent Music's affiliate (consortium) allocated shares of UMG to Tencent Music in 2019, with the first quarter of 2025 being the triggering factor for this change.