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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
Ethereum advances two new standards to improve cross-chain trading experience.
According to Gate.io News bot and Decrypt reports, the Ethereum development team is advancing the development of two new standards, ERC-7930 and ERC-7828. ERC-7930 provides a standardized format for computers to clarify the network to which an address belongs; ERC-7828 converts addresses into human-readable formats like "readonly@decrypt this."
The multi-protocol team Wonderland pointed out at the Ethereum L2 interoperability working group meeting that currently, wallets and protocols lack a unified standard for the parsing and display of cross-chain address information. These two new standards are scheduled to be finalized by May 9, and will subsequently be implemented in wallets, block explorers, and cross-chain protocols.
In addition, the Ethereum Pectra upgrade is confirmed to go live on May 7, having been postponed due to issues with the testnet.