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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
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- #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
Avery Ching, the CEO of Aptos Labs, will testify tomorrow at the U.S. Congress.
According to Deep Tide TechFlow news, on June 3rd, Avery Ching, CEO of Aptos Labs, will testify at a hearing in the House of Representatives on June 4th, US time, sharing his unique perspective on building blockchain infrastructure. The hearing's theme is "The Future of American Innovation and Digital Assets: From Blueprint to Practical Framework," aiming to promote the development of clear and practical legislative frameworks for digital asset market structures.
As one of the few invited Layer 1 Blockchain technology founders and CEOs to speak at Congress, Avery will explain the core role of tokens in open networks, practical use cases on Aptos, and the importance of clear regulation for technological innovation in the United States from the perspective of an engineer and builder.
The hearing is led by the Agriculture Committee, which oversees the CFTC (Commodity Futures Trading Commission), and has substantial influence in the legislative framework of the digital asset market structure. Avery's testimony will be included in the official record and may provide key references for future policy-making.