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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
Circle's stock rose 25% after news that Amazon and Walmart are considering the issuance of a stablecoin.
Circle's CRCL stock surged 25% on Friday following news that Amazon and Walmart are considering launching their own stablecoins, along with expectations for the final Senate vote on the GENIUS bill next week.
Specifically, CRCL increased from an opening level of 108 USD to 133 USD — the highest closing price since its listing on the NYSE last week. With a market capitalization of 32.43 billion USD, the price of CRCL shares is currently over 330% higher than the initial IPO price of 31 USD.
The price increase is driven by information that two retail giants, Amazon and Walmart, plan to launch a USD-pegged stablecoin, according to the Wall Street Journal. This marks an important step in integrating stablecoins into the business payment system in America.
The GENIUS bill — aimed at regulating stablecoins and issuers — is nearing the final approval stage. The Senate will vote next Tuesday. If passed, the bill will move to the House for review.
In this context, the crypto and stock markets are under pressure to decline due to escalating tensions in the Middle East after Israel attacked strategic positions in Iran. Bitcoin fell to a daily low of 103,000 USD before recovering slightly above 105,000 USD. Altcoins such as Ethereum, Solana, and XRP all recorded a decline of nearly 10% before a slight recovery.
American stocks are also not immune to the effects, with the S&P 500 index dropping more than 1% on the day.