#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
Bioniq founder launches BTCMeme coin fast trading platform Odin.fun
Golden Finance reported that Bioniq founder Bob Bodily launched the BTCMeme coin fast trading platform Odin.fun, which is modeled after Solana's Pump.fun, aiming to revitalize the sluggish RunesToken market. It is reported that Odin.fun uses a similar "bonding curve" trading and session Secret Key as Pump.fun to simplify transactions, addressing technical limitations such as the 10-minute block time of the BTC blockchain.