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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
Bitcoin Cash (BCH) on stage: reminiscent of the Bull run of 2021!
Bitcoin Cash (BCH), one of the hardforks of Bitcoin (BTC), winked at the bull run in 2021 with its latest rise.
Bitcoin Cash (BCH), which took the 2021 Bull season by storm, took off after Bitcoin (BTC) broke $57,000. BTC's hardfork, which has been trending upwards for some time, eventually exploded and surpassed $300. BCH, which has a good buyer base with the strength it found from BTC, reminded us of the old bull run. In addition to these, the BCH, which has risen above a critical level from a technical point of view, seems to make a name for itself in the upcoming bullish season.
The value of hardforks has manifested itself with the rise of Bitcoin!
Hardforks, which have a significant share in the crypto industry, continue to come to the fore with the volume increases of BTC and ETH. For example, Ethereum, which recently experienced a huge increase with the excitement of the Dencun upgrade, lit the fuse of Ethereum Classic (ETC). When we look at the current situation, the 10 percent appreciation of the BTC in a very short time increased the demand for BCH.
The BCH, which has been steadily rising since it pinned to $180, has surpassed $300. The popular coin, which is changing hands at $302.7 at the time of writing, could climb to higher levels if the BTC continues its positive trajectory, harforks are valued more, or BTC dominance falls. In such a scenario, a move to $345.5 – $392.6 – $420.6 – $475.9 and $547.3 can be observed, respectively.
The decline of the BTC, the BTC dominance pushing the upper levels, or a negative news that may come on a sectoral basis will disrupt the balance of the parity. In such a scenario, there may be pullbacks to the range of $296.7 – $258.6 – $213.4 – $184 and $167, respectively. Especially if the $167 – $184 range is lost, a new wave of selling will be at the door for BCH.
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