#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
Fed's Mester: Fed should keep the option to sell collateralized mortgage obligations
Jinshi data news on June 24th, Cleveland Fed President Mester will retire at the end of this month, but she still believes that the Fed needs to maintain an open attitude towards actively selling collateralized mortgage obligations, which is part of its ongoing efforts to shrink its balance sheet. While any action to sell collateralized mortgage obligations is not "imminent," Mester pointed out that the Fed's current goal is to only hold US Treasuries, which means it may have to take aggressive action to sell mortgage-backed securities (MBS) purchased to restore market functioning and stimulate the economy after the outbreak of the new crown epidemic. Mester said in an interview: "At some point, I will be open to selling MBS. I don't think we should sell MBS immediately, but eventually we may want to sell such bonds."