#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
Spetz Inc completed the first phase of a $10 million private sale financing.
According to BlockBeats news on May 29, Spetz Inc (CSE:SPTZ), a blockchain infrastructure company, announced the completion of its first phase of a $10 million private sale financing, as reported by Yahoo Finance. The company's CEO, Mitchell Demeter, stated that the funds will be used to purchase Sonic Tokens, deploy verification node infrastructure, and implement Decentralized Finance strategies.