#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 co-founder: Will no longer provide funding support for Bitcoin Core development.
According to Golden Finance, Satoshi Action Fund co-founder Dennis Porter announced in a social media post that he will no longer provide financial support for the development of Bitcoin Core. Porter tweeted that he had helped raise more than $200,000 for core developers during his time in Bitcoin, but now he has lost faith in the work of core developers.