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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
teochew.eth accidentally exchanged 1 SPK for 19687 USDT
Gate News bot reports that, according to Lookonchain monitoring, trader 0x7ef29 sold 1 SPK at a high price of 19,687 USDT.
Before the SPK trading launch, teochew.eth created an SPK/USDT liquidity pool and added 19,998 USDT as unilateral liquidity.
He intended to set the exchange rate to 1 USDT = 19.931<996210 SPK, but mistakenly set it to 1 SPK = 19.931<996210 USDT.
As a result, trader 0x7ef29 exchanged almost all the USDT in the mining pool with just 1 SPK after the transaction opened, cashing out 19,687 USDT.
By the time teochew.eth discovered this error, most of the liquidity had already vanished.
He withdrew the remaining 32.92 USDT and 4.69 SPK (0.31 USD), losing 19,965 USD.