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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
FARTCOIN Making Pullback After Key Pattern Completion – What Could Come Next??
Date: Thu, June 12, 2025 | 09:34 AM GMT The cryptocurrency market is showing signs of a pullback following yesterday’s rally triggered by the U.S. CPI data release. Ethereum (ETH) dropped from its 24-hour high of $2,877 to around $2,750 at the time of writing, applying downward pressure on major memecoins — including Fartcoin (FARTCOIN). FARTCOIN is currently trading in red, retracing from its 24-hour high of $1.50 to the current price of $1.33. A closer look at the chart reveals a potentially bearish setup that could be signaling a short-term correction is underway.
Source: Coinmarketcap Bearish Shark Pattern in Play FARTCOIN’s 4-hour chart shows a Bearish Shark harmonic pattern — a setup that typically forecasts a short-term reversal. The C-point of this pattern was completed near the $1.50 level, aligning closely with the 0.88 Fibonacci retracement of the O to X leg. This area is commonly referred to as the Potential Reversal Zone (PRZ), where price often reacts and reverses.
FARTCOIN 4H Chart/Coinsprobe (Source: Tradingview) Since touching that zone, FARTCOIN has pulled back to $1.33, suggesting that the harmonic pattern may already be in motion. If the pattern continues to play out as expected, the price could dip toward the $1.29 region, which marks the 38.2% Fibonacci retracement level of the C to D leg. This support zone is often a place where price stabilizes or stages a short-term bounce. What’s Next for FARTCOIN? If FARTCOIN finds support around the $1.29 level and buyers return, the bullish momentum may reset, allowing the asset to climb back toward previous highs or even challenge the $1.50 resistance again. However, if bearish momentum extends below the 38.2% retracement, the next critical support could be found around $1.13 — the 61.8% Fibonacci retracement level Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.