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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.
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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.
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Scroll co-founder opposes L2 taxation proposal, emphasizing the importance of ETH ecosystem expansion.
Gate.io News bot message, Scroll co-founder Ye Zhang expressed his views on the X platform, opposing the proposal to tax L2. In his post, he stated that taxing L2 is one of the most toxic ideas for the future of Ethereum, and this practice is not in line with the principles of a neutral platform.
Ye Zhang pointed out that the core value of ETH lies in being the core asset of thousands of rollup ecosystems, rather than relying on protocol fees. Currently, ETH has become the dominant asset of L2s such as Base, Arbitrum, Optimism, zkSync, and Scroll, and this model has stronger scalability compared to the vertical integration of Solana.
He further elaborated that the addition of more rollups will enhance ETH's status as a Store of Value (SoV). If L2 taxation is implemented, L2 may turn to other alternative DA (such as Celestia). He suggested that Ethereum should focus on technological upgrades, such as expanding blob capacity by 1000 times to enhance the attractiveness of DA and support more ecosystem participants.
Source: Wu Says