#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
Movement behind the scenes participant Thapaliya reveals Airdrop insider information, pointing directly at co-founder Cooper.
Odaily News Sam Thapaliya posted on the X platform, clarifying the details of his early involvement in the Movement project. He revealed that he assisted Movement co-founder Cooper in incubating the Move language-based project Satay and provided various support to Cooper during the early stages of Movement, including financing and Token economics model advice. Thapaliya revealed that when Cooper transitioned to launch MVMT Labs (before Rushi joined the team), he provided Cooper with multi-faceted advice and support, working closely with him to launch Movement. When Rushi joined the team and was responsible for the technology, the vision for the project began to come to fruition. Thapaliya then focused on marketing, and as the project approached TGE, he worked with Cooper again, specifically advising on upcoming airdrop proposals. Thapaliya further noted that Cooper commissioned him to find a data science team to audit the proposed airdrop dataset after the Movement team found that the dataset they relied on did not accurately reflect testnet usage. Due to the many problems with the dataset, he suggested that Cooper flatten the rewards for all airdrop participants. However, during this time, Cooper insisted that a specific 75000 wallets receive the highest percentage of each wallet's share of the token. In addition, Thapaliya also showed a heatmap, noting that these wallets were almost the only addresses to claim and be able to bundle more than 60 million MOVE tokens in the Move token airdrop on December 9, 2024.