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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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
Analysis: XRP and DOGE futures open interest has risen over the past week, which may indicate an increase in speculative risk.
According to ChainCatcher news and CoinDesk reports, despite the slowdown in the rise of spot prices, the open interest (OI) in the futures market for XRP and Dogecoin (DOGE) has significantly risen over the past week, indicating a warming of market speculative sentiment. According to data from on-chain analytics company Glassnode, the open interest in DOGE futures rose from $989 million to $1.62 billion, an increase of 63.9%; the open interest in XRP futures grew by 41.6%. Analysis indicates that a divergence between futures positions and price trends may increase the risk of severe market fluctuations and forced liquidations, and investors should be wary of potential market pullbacks.