#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
Canary Capital submitted a Spot CRO ETF application containing stake to the SEC.
Gate News bot news, Canary Capital submitted an S-1 sign up statement to the SEC (SEC) on Friday, aiming to manage the potential first Spot CRO exchange-traded fund (ETF) in the US, which includes a stake portion.
The proposed fund provides direct exposure to CRO, the native cryptocurrency of the Cronos blockchain. The trust plans to pledge a portion of its assets through one or more staking providers, potentially generating additional income for investors. It will handle the issuance and redemption of shares in cash rather than in kind, similar to the structure of existing spot Bitcoin and Ethereum ETFs in the US. However, it will support in-kind redemptions if it is approved by regulators in the future.
Cronos is an EVM-compatible blockchain that supports DeFi, NFTs, and Web3 applications. It is built on the Cosmos SDK, supports low-cost transactions and cross-chain interoperability, and uses CRO for fee payments, governance, and staking.
Source: The Block