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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
Nauru will establish a virtual asset management bureau, striving to become the Crypto Assets center of the Pacific region.
On June 19, financefeeds reported that the Republic of Nauru had passed legislation to establish a body dedicated to regulating digital assets, an important step in embracing Web3 and virtual finance in the Pacific region. The new agency, called the Command Ridge Virtual Asset Management Authority (CRVAA), will oversee virtual asset service providers and help the island nation become a hub for digital asset activity. CRVAA will act as an autonomous body that will manage licensing, supervision, and compliance matters related to digital banks, token offerings, crypto exchanges, wallets, and decentralized finance platforms. Note: Command Ridge is the name of Nauru's highest peak and a geographical indication for the island nation.