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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
The Polkadot community is divided over selling 500K DOT to acquire Bitcoin reserves.
A Polkadot governance proposal to convert 500,000 DOT tokens into Threshold Bitcoin (tBTC) to diversify and stabilize in the long term has received mixed reactions from the community. While some view Bitcoin as a hedge against market uncertainty, others are skeptical about the timing as BTC prices are at record highs.
The proposer, hippiestank, has called for the creation of a Bitcoin reserve fund within a year, selling 500,000 DOT tokens and reinvesting in BTC according to a dollar cost averaging strategy (DCA). Some members emphasize that the reserve fund could help mitigate price declines, but also express concerns about the timing and effectiveness of the proposal. Ultimately, the community will have to vote on the creation of this strategic reserve fund.