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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
Bloomberg: The U.S. Senate will vote on the GENIUS stablecoin bill this Wednesday.
Gate News bot message: U.S. Senate Majority Leader John Thune is prepared for a key procedural vote on Wednesday regarding the GENIUS Act, a landmark stablecoin regulatory legislation.
According to an article published by the Senate Republic Cloakroom on X, Thune filed a motion to terminate debate on the bill and its bipartisan amendments on Monday.
Last month, lawmakers initiated the motion to end debate with a result of 66 votes in favor and 32 votes against, paving the way for further discussion on the bipartisan stablecoin bill. Leaders in the cryptocurrency space hailed the vote as a "historic" victory, which could help "ensure the dominance of the dollar."
In the upcoming vote, the bill must receive at least 60 votes to advance, which could pave the way for its swift passage.
Source: Bloomberg