#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
Echo founder accuses some VC of obstructing community discount sales
ChainCatcher News, Jordan Fish (Cobie), the founder of the community fundraising platform Echo, accuses some VCs of pressuring the encryption project to prevent it from offering discounted prices to Echo investors, and even opposing community sales in some cases unless it is in later rounds with high valuations. Matt OConnor, co-founder of the Legion platform, said that some VCs advocate avoiding public sales and oppose discounted valuations and short-term vesting periods. He specifically mentioned that VCs have no problem with team airdropping unlocked tokens, but they would object if the team sells some unlocked tokens.