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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
Synthetix: The sUSD staking requirement for debt forgiveness participants has been increased to 20% to drive the sUSD back to its peg.
PANews reported on May 30 that Synthetix announced on platform X that the SCCP-409 proposal has been approved, providing additional support for the peg of sUSD. The sUSD staking requirement for jubilee participants has increased from 10% to 20%. Currently, it is still possible to purchase the required sUSD at a price below 1 USD. This change aims to drive sUSD back to 1.00 USD. It will be implemented alongside the following measures: treasury buybacks, liquidity incentives, and Infinex activities. If users are participating in the jubilee, they must now stake 20% of the original debt in sUSD to continue reducing their debt; otherwise, their debt forgiveness will be indefinitely suspended until this requirement is met.