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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
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
Musk's xAI completed a new round of $6 billion financing, with a valuation of over $40 billion.
PANews reported on December 6 that according to documents submitted to the Securities and Exchange Commission (SEC) of the United States, Elon Musk's artificial intelligence company XAI announced the completion of a new round of financing, amounting to as high as $60 billion. This round of financing attracted 97 investors, with the minimum investment amount being $77,593. After this round of financing, XAI's valuation exceeds $400 billion. In May of this year, XAI completed a round of financing of the same scale, with a valuation of $24 billion. Existing investors include Sequoia Capital and Andreessen Horowitz, both of whom also participated in this round of financing. This funding is mainly used to support the construction of XAI's new supercomputing center in Memphis, which is referred to as the largest multi-billion dollar investment project in local history, attracting technology companies such as Nvidia, Dell, and AMD to layout here.