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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
Paradigm defends Roman Storm in the court summary
The cryptocurrency investment firm Paradigm has just filed an amicus curiae brief in support of Roman Storm, co-founder of Tornado Cash, ahead of the hearing on July 14. Paradigm argues that the prosecution of Storm is a mistake, as the peer-to-peer software he developed does not violate money transfer laws, contrary to FinCEN guidelines and case law. They warn that the case could seriously impact the future of the software development industry in America.
Storm has been accused of money laundering and violating sanctions while operating Tornado Cash. He is calling for donations of $2 million for legal expenses, of which the Ethereum Foundation has contributed $500,000. In a post on X, Storm asserts that Tornado Cash is decentralized software that cannot be controlled. If he loses the case, he claims "DeFi will die with me." Some charges have been dropped, but prosecutors are still pursuing the remaining charges.