#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
Robbins Geller intends to initiate a class action lawsuit against Block as the lead counsel
Golden Finance reported that law firm Robbins Geller Rudman & Dowd LLP announced its intention to file a class action lawsuit against Block as the representative law firm. The lawsuit is named Gonsalves v. Block, Inc., case number 25-00642 (ND Cal.), and alleges that Block and certain executives violated U.S. securities laws, including Block's minimal obligations imposed on customers seeking to open accounts, trade and access funds, encouraging the use of BTC and pressuring Block's banking partners to abandon KYC due diligence activities.