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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.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
Parallel Network: The loan liquidation threshold will be reduced by 1% daily until the target value. Please be aware of the liquidation risk.
Odaily Planet Daily News According to Parallel Network, it stated on the X platform that the liquidation threshold of its NFT lending platform will be reduced by 1% daily until it is adjusted to the target value. For example, the BAYC threshold will be reduced from 80% to 65%, and the MAYC threshold will be reduced from 70% to 65%. Parallel stated that the reduction of the threshold will affect the health factor of borrowing and lending, and users should pay attention to the liquidation risk. Prior to this, Parallel Network stated that due to recent fluctuations and price declines in the NFT market, it will adjust the parameters of the NFT lending protocol to reduce systemic risk.