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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
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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
The Web3 social media application Phaver has ceased operations.
According to Techub News, X user @DefiIgnas disclosed that the Web3 social media application Phaver has ceased operations, with its Token price falling by 99% since the TGE in September 2024. Phaver team members stated that there were technical issues during the TGE and Airdrop, causing users to be unable to claim their rewards in time, which led to FUD; additionally, Phaver incurred over $1 million in fees to launch on 5 CEXs, and the team did not sell Tokens at the TGE, resulting in insufficient operating funds. As a Finnish company, Phaver also needs to pay 1 to 2 months of severance for employees. @DefiIgnas mentioned that some former team members are currently developing SocialDAO to seek new uses for the SOCIAL Token.
Phaver completed a $7 million seed round financing in October 2023, with investors including Polygon Ventures.