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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
The US missile strikes Iran, with SPX, VIRTUAL, and WIF leading the fall in the crypto assets market.
Gate News bot message, with the U.S. intervening in the Israel conflict, the Crypto Assets market is generally showing a loss. As of the time of writing, the trading price of Bitcoin (BTC) is fluctuating around $105,000, while meme coins like SPX6900 (SPX) and Dogwifhat (WIF) are leading the market pullback alongside Virtuals Protocol (VIRTUAL).
FXStreet analyst Vishal Dixit stated that VIRTUAL has dropped nearly 1%, with a cumulative decline of more than 8% so far this week. This AI agent token closed below the 50-day moving average support level, falling 6.80% the previous day, putting pressure on the support level of $1.64 from the low on May 17.
If the daily closing price is below $1.64, the bearish trend may continue to the support level of $1.39, as highlighted by the closing price on May 7. The 100-day moving average at $1.57 may provide short-term to mid-term support.
The downward trend of the MACD indicator crossing below the zero line along with the signal line indicates a surge in bearish momentum.
If VIRTUAL rebounds from the support level of $1.64 and breaks through the weekly high of $2.01, it may weaken the downside risk.
(Source: FXStreet)