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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
Analysts: The Federal Reserve (FED) has pushed back the market's expectations for the first rate cut to no earlier than September.
On June 19, The Block reported that BRN chief analyst Valentin Fournier said that while inflation has eased and tariff concerns have eased, the slowdown in U.S. economic growth has sparked stagflation concerns. In a press conference after the meeting, Fed Chair Jerome Powell expressed confidence in the "downward trend in inflation" in a dovish tone, but he also noted that strong job growth and resilient consumer spending provide room for policymakers to maintain higher interest rates. The market is now eyeing September as the earliest possible rate cut. "With no urgency to cut rates, the Fed reiterated its 'wait-and-see' approach, delaying market expectations for the first rate cut until no earlier than September."