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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.
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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
Hong Kong Web3 Conference Observation: Industry Ecosystem Restructuring and Product Orientation Shift
Gate.io News bot message, at the recent Hong Kong Web3 conference, several phenomena are worth following. Western public chains treat Eastern entities only as user relationships and have not reached the level of partnership. The atmosphere at the venue was relatively quiet, with an increasing number of attendees in suits. In the RWA field, there have been some PPT projects claiming to be Web2 elite.
Participants generally believe that the bear market phase provides opportunities for developers (Builder ). In the new cycle, product development should focus on the ability to gain insights into market demand and mastery of underlying chain technology. The industry's focus has shifted from "market dream rate" to "market share," emphasizing the creation of practical products with cash flow and business models.
Source: Shijiu Jun