#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
Magic Link and Polygon launch a new Cross-Chain Interaction network Newton
Golden Finance reported that the blockchain startup Magic Labs announced on Thursday that they will launch a new Cross-Chain Interaction network called Newton. The platform is designed to make using decentralized applications across multiple blockchains as seamless as browsing the internet. By leveraging Polygon's Decentralization AggLayer and chain development toolkit, Newton will allow developers to build dapps that run on different chains without users needing to hold different Wallets.