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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
Brazil plans to legislate to purchase 5% of its International Reserve in Bitcoin, with the Central Bank and the Ministry of Finance jointly managing it.
On June 12, it was reported that the Brazilian Chamber of Deputies is considering Bill No. 4501 of 2024, which proposes to establish a strategic reserve of bitcoin sovereignty (RESBit), and plans to use up to 5% of international reserves to buy bitcoin. The bill aims to diversify treasury assets, protect against exchange rate fluctuations and geopolitical risks, promote the development of blockchain technology, and provide support for the Brazilian digital currency (Drex). The reserve will be managed by the Central Bank of Brazil in conjunction with the Ministry of Finance, using security technologies such as cold wallets and strict transparency mechanisms. The rapporteur, Congressman Luiz Gastão, has voted in favour of the bill, emphasizing a cautious, gradual implementation strategy to balance the potential benefits with the risks.