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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
Legendary Trader Bollinger on XRP: 'Will It Become New Leader'?
Legendary trader John Bollinger has suggested that the Ripple-linked XRP cryptocurrency could become a new market leader in his recent social media post.
Using a vivid metaphor sourced from Green mythology, Bollinger has noted that the major altcoin has "resisted the recent signing of the Siren's best song."
This is the first time that Bollinger has weighed in on XRP's price action in years. Back in 2018, he said that he did not know enough about the token to have an opinion about its future
Last month, the prominent chartist, who is primarily known for inventing the widely used Bollinger Bands indicator, also rejected the idea that Bitcoin (BTC) was in a bear market
All eyes on XRP
XRP has managed to show much more resilience during the recent cryptocurrency market downturn. On Thursday, it added 0.58% while Bitcoin, the bellwether cryptocurrency, plunged by more than 4%.
The Ripple-affiliated token is now up by more than 16% over the past four days
The recent surge has been driven by the buzz surrounding Franklin Templeton's XRP ETF filing. The $1.5 trillion investment titan has joined the likes of Bitwise, 21Shares, and WisdomTree in the race to launch such a product in the U.S
It has also been reported that the legal battle between Ripple and the SEC is wrapping up. The company is apparently attempting to negotiate more favorable terms after being fined $125 million last year. Meanwhile, the SEC is trying to determine the legal status of the XRP token