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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
Crucial Crypto Market Statement Published by SHIB Team: Details
She stressed that despite turmoil and fear, the community is now going through a unique period full of hidden opportunities.
"Markets in meltdown. Fear everywhere"
Lucie published an animated SHIB-themed GIF generated by AI, which features the symbols of all four official tokens of Shibarium and the Shiba Inu ecosystem: SHIB, BONE, LEASH, and TREAT. The latter, TREAT, is to power the layer-3 solution Shiba Alpha Layer built on top of Shibarium, which is currently in a beta testing mode.
In her statement, Lucie said that currently the markets are melting down, and the crypto space is filled with fear: “Markets in meltdown. Fear everywhere.” Still, she gave the SHIB army some encouragement, saying that SHIB intends to return to the top list of cryptos “stronger, louder, unstoppable.” Overall, she said, that during such difficult times as the community is experiencing now strong and powerful projects are created: “that’s when legends are built.”
Shiba Inu has not broken, she assured the SHIB army: “We don’t break. We reload.”
Fed Reserve leaves rates unchanged
On June 18, a scheduled FOMC meeting took place and the Fed Reserve chairman, Jerome Powell, announced that the US central banks would leave the interest rates unchanged this time.
Some financiers expected that turn of events. Among them was macroeconomist Dr. Komal Sri-Kumar, who stated at CNBC yesterday that cutting interest rates would be “irresponsible” now because nobody can predict the potential effect of trade tariffs on the US economy.
However, venture investor and financial entrepreneur Anthony Pompliano expressed his disappointment with the Fed’s decision to leave the rates unchanged. Calling that decision “ridiculous,” he added that “the Federal Reserve has been behind the curve for years.”
Lower interest rates usually allow more free capital to flow into the markets, including Bitcoin, which usually ensures a substantial BTC price increase.
Bitcoin price has remained unfazed, holding at the same level as before the Fed’s announcement. At the time of this writing, BTC is changing hands in the $104,800 zone.