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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
Former CFTC Chairman Speaks About Bitcoin and XRP! "BTC and XRP are More Than Just a Possibility for the US!"
Former CFTC Chairman Chris Giancarlo, appointed by U.S. President Donald Trump during his previous presidency, spoke about Bitcoin (BTC) and XRP.
Speaking at the XRPL Apex 2025 conference held in Singapore, Chris Giancarlo noted that the idea of the US government issuing crypto-backed bonds is gaining increasing interest.
Bitcoin and XRP: More Than Just a Possibility for the USA!
At this point, Chris Giancarlo stated that the US could issue crypto bonds backed by Bitcoin and XRP, saying that BTC and XRP-backed US crypto bonds are more than just a possibility.
Due to his early support in the industry, Giancarlo, known as the "Crypto Father", stated that the current Trump administration has adopted a significantly different approach to digital assets than its predecessors and recognizes their long-term value.
At this point, Giancarlo pointed out that in recent years federal agencies have generally sold the cryptocurrencies they seized and said, "This strategy changed during the Trump administration. The administration now believes that holding digital assets can strengthen the U.S. financially."
Giancarlo stated that he supports the strategic Bitcoin reserve, arguing that the BTC sales represent a significant loss for the US.
As is known, President Donald Trump signed an executive order in March to establish a Strategic Bitcoin Reserve containing over 200,000 BTC, currently worth more than approximately $22 billion. These assets were seized through criminal and legal forfeitures and will be held as long-term assets, similar to gold.
Trump also launched a Digital Asset Inventory to hold other altcoins such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP alongside Bitcoin.
*It is not investment advice.
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