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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
Helium founder responds to SEC's lawsuit against Nova Labs: will actively defend
Odaily Star Daily News, the US SEC sued Nova Labs, the creator of the Helium network, accusing the company of selling unregistered securities and misleading investors, which is the latest and likely final enforcement action taken by outgoing chairman Gary Gensler. The lawsuit, filed on Friday, targets three tokens related to Helium: Helium Network Token (HNT), Helium Mobile Token (MOBILE), and Helium Internet of Things Network Token (IoT). The agency claims that these tokens were sold as unregistered securities. The lawsuit also accuses Nova Labs of misleading investors about several high-profile partnerships. Helium founder Amir Haleem released a defiant message last Sunday, calling the lawsuit "the final fight against the failed crusade of American cryptocurrency companies". "The SEC has wasted two years of our time and millions of dollars pursuing any claims they could think of... I rarely get angry, but this is a series of blood-boiling events," Haleem said. Regarding the allegations of misleading investors about Helium, Haleem said, "We have dealt with this issue in the past and have worked with every Helium company mentioned in the lawsuit." "We will actively defend ourselves and continue the SEC's dismal losses and outright lies under Gensler's leadership," Haleem concluded, "This is not only true for us, but for all DePIN projects. If the Helium hotspot is deemed a security, it will put all DePINs in danger. We will not allow this to happen."