#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
Meme AppChain Embr.fun announces Mainnet launch
BlockBeats news, on May 20th, the Meme AppChain Embr.fun built on Initia announced that its Mainnet has been launched. Embr.fun is developed by Embr Labs and supported by Initia Interwoven Stack for development. The project is designed for the next generation of the Meme economy, aiming to bring more innovative and fun ways to engage with Memes, becoming the first platform to drive the development of the next generation of Memes.