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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
Pump Fun strengthens legal team facing Burwick Law
The memecoin platform Pump Fun has just added two lawyers from the prestigious firm Brown Rudnick to its legal team to counter a class action lawsuit initiated by Burwick Law. Lawyers Daniel L. Sachs and Kyle P. Dorso will join Stephen D. Palley to represent the parent company Baton Corporation.
Sachs previously worked at the SEC and defended Shaquille O'Neal and Mark Cuban in cryptocurrency-related lawsuits. Dorso is a crypto litigation expert, known for helping Atomic Wallet dismiss a $100 million lawsuit.
Burwick Law accuses Pump Fun of selling unregistered securities and being at risk of being exploited for terrorism financing and drug trafficking. However, the founding team of Pump Fun only hired a lawyer right at the deadline to respond to the lawsuit.
Currently, the case does not have a trial schedule. Burwick Law is being criticized by the memecoin community for continuously suing projects on the Pump Fun platform.