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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
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
Pudgy Penguins will launch the competitive mini-game Pengu Clash on TON.
Gate News bot news, Pudgy Penguins will soon launch a Web3 skill-based game called Pengu Clash on the TON blockchain, entering the competitive mini-game sector.
According to reports, this game will adopt a "play-to-win" model, allowing players to earn rewards through competition rather than speculation, essentially making it a skill-based game.
Luca Netz, CEO of Pudgy Penguins, stated: "Users bet against each other, rather than 'playing to win', meaning players earn tradeable currency provided by the game. This is a user-versus-user based system." The game will feature various game modes with different rules and objectives, as well as skill-based challenges.
Pudgy Penguins is developing Pengu Clash on the TON Blockchain and points out that Telegram's large and unique user base is a significant advantage. Netz stated that the messaging platform "has a completely different user base than those we have encountered in the past," which includes users from Nordic countries and other regions.
"Most platforms are not positioned for this type of game. We see this as an opportunity to scale up," he said.
The project plans to release more games in 2025. The next game "Pudgy Party" will be released in August.
Source: Cointelegraph