#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
Goldman Sachs: Expects The Federal Reserve (FED) to maintain the Intrerest Rate next month.
On June 19, Simon Dangoor, head of fixed income macro strategy at Goldman Sachs Asset Management, stated that the tone of the Federal Reserve meeting was mild. Despite raising recent inflation expectations, he anticipates two interest rate cuts this year. He said, "The hints from FOMC members are that they continue to expect the recent inflation strength to be largely temporary, and their tolerance for rising unemployment remains very low." "We expect the Federal Reserve to stand pat at next month's meeting, but we believe that if the labor market weakens, a new round of easing may begin later this year." ( Jin10 )