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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
$15 Billion to $45 Billion Inflows Expected
Markets are closely watching the U.S. Securities and Exchange Commission (SEC) as the regulator nears deciding whether to approve spot ether exchange-traded funds (ETFs). Anticipation is high due to upcoming deadlines for spot ether ETF proposals by Vaneck and Ark Invest/21shares on May 23 and 24, respectively.
Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered, has revised his forecast and is now “80% to 90%” confident that the SEC will approve spot ethereum ETFs this week, the Block reported Tuesday. This updated prediction contrasts with his April outlook, when he expressed doubts about the SEC approving spot ethereum ETFs in May. The analyst detailed:
After approval, we estimate that spot ETFs will drive inflows of 2.39-9.15 million ether in the first 12 months after approval … In U.S. dollar terms, that equates to roughly $15 billion to $45 billion.
Kendrick also expects ether to maintain its price ratio of 5.4% with bitcoin throughout 2024, potentially reaching $8,000 if BTC hits $150,000 by year-end. “Given that we now see bitcoin reaching the $150,000 level by end-2024, this would imply a level of $8,000 for ether,” he shared.
Market expectations are also shaped by broader trends and regulatory developments. The potential reelection of former President Donald Trump is perceived as positive for the crypto market, with anticipated favorable regulatory conditions that could further drive cryptocurrency adoption and prices. Kendrick said earlier this month: “We think that a second Trump administration would be broadly positive via a more supportive regulatory environment.” #BTC# #HotTopicDiscussion# #比特币#