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Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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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
Meta bets $14.3 billion on Scale AI, OpenAI and Google urgently seek alternative data sources
According to Bloomberg, shortly after Meta Platforms Inc. invested billions of dollars in Scale AI and hired its founder, OpenAI announced the termination of its partnership with the data labeling startup Scale AI.
An OpenAI spokesperson confirmed the decision, stating that Scale AI only accounts for a small portion of OpenAI's overall data needs. The spokesperson mentioned that the company had already begun to reduce its reliance on Scale AI before OpenAI's competitor Meta acquired a 49% stake in Scale AI. The spokesperson also added that OpenAI has been looking for other vendors to obtain more specialized data to support increasingly advanced AI models.
After Meta completed this unusual transaction, OpenAI's plans brought new uncertainty to Scale AI's business. Meta invested $14.3 billion in Scale and poached the startup's CEO, Alexandr Wang, to form a new "superintelligence" division focused on building more powerful and hypothesis-driven artificial intelligence software. Other Scale employees are also expected to follow Wang to Meta to work on AI-related projects.
A spokesperson for Scale AI declined to comment.
Scale was founded in 2016 and has signed on well-known clients including Alphabet Inc.'s Google, Meta, and OpenAI, providing them with the data needed to build artificial intelligence models. However, the deal between Meta and Scale has raised concerns that the social media company may gain further insight into its competitors' AI development efforts. According to reports from Reuters citing anonymous sources, Google plans to cut ties with Scale.