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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
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
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Start your engines & trade fast
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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
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
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👉 https://www.gate.com/campaigns/1227
- #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
David Sacks further clarifies: not 'dumping' Cryptocurrency, but divesting due to political reasons
BlockBeats news, on March 19, White House AI and Cryptocurrency chief David Sacks once again clarified in a post, "I did not "dump" my Cryptocurrency, but rather divested from it. Obviously, I did not want to do this, but government ethical standards required me to do so. It is an honor to be able to serve President Trump and the American people." BlockBeats previously reported that on March 15, according to a memorandum released by the White House, AI and Cryptocurrency affairs chief David Sacks divested over $200 million in digital asset-related investments through personal and his company Craft Ventures before taking office. At least $85 million directly vested in Sacks, but Craft Ventures still holds some fund investments related to encryption assets. Sacks emphasized that selling the assets was to "avoid any suspicion of conflict of interest."