#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
Jack Dorsey's Block company adjusts its strategy: focusing on BTC Mining and Wallet businesses, reducing investments in Web5 and Tidal
Odaily Planet Daily News X Platform co-founder Jack Dorsey-led payment company Block (SQ) announced that it will refocus on the development of BTCMiner devices and self-hosted encryption Wallets. Part of the funding comes from abandoning its 'Web5' Decentralization Internet project and reducing investment in Tidal music streaming. This decision coincided with the news of Trump winning the US presidential election. Trump promised to create a more favorable environment for the cryptocurrency industry, including supporting BTC mining. Block's Q3 financial report showed a revenue of $5.98 billion, which did not meet Wall Street's expectations of $6.24 billion, resulting in a 10% drop in stock price.