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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
Hong Kong listed company Sounding Group strategically acquires the Web3 social application LOOP Space
According to Techub News, the Web3 social application LOOP Space has been strategically acquired by Hong Kong-listed company Soundwill Holding Group Limited (8163.HK), becoming its wholly-owned subsidiary. LOOP Space stated that both parties will engage in deep collaboration around technology research and development, compliance frameworks, and global market expansion, promoting the scaling and commercialization of the Web3 social ecosystem.
LOOP Space stated that in future development, on one hand, it will collaborate with leading companies in the industry to promote the iteration of Web3 social and the landing of innovative scenarios; on the other hand, it will continue to expand the ecological boundaries, linking popular sectors such as infrastructure, industry media, exchanges, SocialFi, GiftFi, GameFi, and NFTs, to connect the entire chain of user social, asset circulation, and scenario application, achieving a leap upgrade from a single social platform to a Web3 ecological hub.