#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 $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
WLFi issued a cease and desist letter to Fight Fight Fight, opposing its collaboration with Magic Eden to launch the "$TRUMP Wallet".
PANews reported on June 6 that according to Bloomberg, World Liberty Financial, a company owned by the Trump family, has issued a cease and desist letter to Fight Fight, the issuer of the Trump meme coin, opposing its cooperation with Magic Eden to launch a crypto wallet called "$TRUMP Wallet". Tensions erupted over the layout of Trump-branded crypto assets, especially as both companies are developing similar wallet products to attract Trump supporters. Since its launch in January, the meme coin has generated more than $300 million in revenue for Fight Fight. Trump's son has publicly dissociated himself from the wallet, and the family's plan for another wallet is still advancing.