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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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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
Phaver has ceased operations, and the token price has fallen by 99% since the TGE.
According to ChainCatcher news, DeFi researcher Ignas stated that the social media application Phaver has stopped operating, and its Token price has fallen by 99% since the TGE in September 2024. Phaver team members indicated that there were technical issues with the TGE and Airdrop, resulting in users being unable to claim their rewards in time, which caused FUD; secondly, Phaver paid over $1 million in fees to go live on 5 CEXs; thirdly, due to a sluggish market sentiment, the team did not sell Tokens during the TGE, leading to insufficient operational funds. As a Finnish company, Phaver also has to pay employees 1 to 2 months of severance. Some former team members are developing SocialDAO to seek new use cases for the SOCIAL Token.