#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
Block: US-based manufacturer of Bitcoin mining chips Proto plans to launch within the year to address tariff risks.
Golden Finance reported that Block CEO Jack Dorsey stated that the company is manufacturing Bitcoin mining chips Proto in the United States to cope with rising tariffs and overseas manufacturing risks. The chip is scheduled for release in 2025, designed with open source code, emphasizing flexibility and direct collaboration with U.S. suppliers. Additionally, Block disclosed that its first quarter achieved a gross profit of $2.29 billion, a year-on-year rise of 9%, with Cash App's gross profit increasing by 10% to $1.38 billion and Square rising by 9% to $898 million.