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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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 XRP Ledger plans to launch the XAO DAO to achieve Decentralization governance.
Gate News bot, according to CryptoSlate, with the upcoming launch of XAO DAO, XRP Ledger has entered a new phase of community participation, which marks the birth of the network's first decentralized autonomous organization (DAO).
This launch marks XRP's future shift to deeper decentralized governance, providing users with a structured way to participate in key decisions, fund projects, and support real-world blockchain applications.
The project has not yet been officially launched, and is scheduled to be fully launched by the end of summer.
XAO will rely on XRP to fulfill its voting and governance functions, rather than issuing new governance tokens. This decision is aimed at avoiding the volatility and confusion often associated with newly issued tokens, ensuring that the focus remains on community involvement and practicality.
In addition to governance, XAO is also committed to being a catalyst for innovation.