#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
Paradigm urges the jury to clarify the Tornado Cash case of Roman Storm.
Gate News bot message, the venture capital firm Paradigm has submitted an amicus brief in support of Tornado Cash co-founder Roman Storm, arguing that the jury needs a full understanding of the legal definition of operating a remittance business.
Paradigm argued in a friend of the court brief submitted to the New York district court on June 13 that the court must ensure the jury understands that to convict Storm, the prosecution must prove he knowingly operated the remittance business.
This includes charging fees, knowingly transferring funds on behalf of the public, knowingly handling specific proceeds that are alleged to be criminal, and holding or controlling funds that have been transferred or moved.
A friend of the court brief is submitted by a party that is not directly involved in a court case but is interested in the outcome of the case and wishes to provide suggestions or other viewpoints to the court.
Tornado Cash is a non-custodial cryptocurrency mixing protocol; developers never hold or control the funds. The New York U.S. Attorney's Office argues that Storm conspired to operate the cryptocurrency mixing service as an unlicensed money transfer business.