#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
PENDLE rose 10% on Monday, marking the first bullish daily chart in six days.
Gate News bot message, FXStreet analyst Vishal Dixit stated that the price of Pendle (PENDLE) rose 10% on Monday, marking the first bullish daily chart in six days. Starting from the support level of $3.598, the price of PENDLE reached the key resistance level of $4.132 indicated on the 4-hour chart.
Due to oversupply above, PENDLE's stock price has experienced a brief respite, with two consecutive bearish candles, each with long tails, indicating strong demand absorbing the supply.
The closing price above $4.132 may push PENDLE up to the level of $4.346, with the last test of this level as a support level occurring on June 10.
In the 4-hour chart, the RSI indicator is approaching the overbought boundary, and buying pressure is increasing. However, the risk of a pullback is rising in an overbought environment, and investors must remain cautious.
The MACD indicator has entered the positive territory, and its signal line is following an upward trend, indicating that the bullish momentum is strengthening.
If the PENDLE price breaks below $3880, it may retest the support level of $3598.
(Source: FXStreet)