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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
Ethereum developers have proposed a privacy WETH new protocol cWETH, supporting anonymous P2P transactions.
Gate News bot message, Ethereum developer @Arvolear proposed a new protocol concept called Confidential Wrapped Ethereum (cWETH), which enhances the privacy protection features for Ethereum users through Application Layer technology.
The protocol uses the EC Twisted ElGamal commitment scheme and zk-SNARKs technology to encrypt balances and transfer amounts, enabling anonymous peer-to-peer payments, donations, and transaction functionalities without the need for centralized entities to participate.
Currently, cWETH has released a draft and is soliciting feedback from the community, with plans to further develop it into an official EIP standard.
Source: Wu Shuo
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