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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
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- #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
Malaysian Prime Minister Anwar stated that the tariff negotiations with the United States are progressing smoothly.
Gate News bot news, according to Bloomberg, Malaysian Prime Minister Anwar Ibrahim (Amir Hamzah Azizan) stated that negotiations with the United States regarding the drop in tariffs on Southeast Asian countries are progressing smoothly.
Anwar stated that he received letters on Thursday morning from Malaysia's Minister of Investment, Trade and Industry, Zafrul Aziz, and Second Finance Minister Amir Hamzah Aziz, indicating that the talks with the U.S. Secretary of Commerce were "very smooth."
Anwar stated during a speech in Kuala Lumpur: "Our ministers are discussing this tariff issue with the United States in Washington, D.C."
In April, Malaysia was subjected to a 24% tariff, and then U.S. President Donald Trump announced a 90-day suspension of the tariffs, imposing a 10% tariff on most countries. Malaysia is seeking to reduce U.S. tariffs on industries that are crucial to both economies to below 10%.
Anwar stated that the tariffs imposed by the United States present a "significant challenge" given Malaysia's deep involvement in the global supply chain. He added that approximately 60% of Malaysia's semiconductor products are exported to the United States.