#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
Satoshi Action Fund CEO: Developers deserve respect, provided they consider the users.
Gate News bot message, Satoshi Action Fund CEO Dennis Porter stated on social media: "Things are getting twisted. Bitcoin developers are the servants of the network and the servants of the users, not the other way around."
This is why developers tell users how to use the relayer, which is superficially off-putting.
Developers deserve respect, but when developers go against users, that respect quickly fades away.