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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
'$1 Million BTC' Samson Mow Expects Quick Bitcoin Recovery: 'Buy the FakeDip'
Bitcoin "FakeDip"
Mow has coined the term “FakeDip” to describe a very brief Bitcoin price drop, a “fake” one. Over the past two days, the world’s leading cryptocurrency has plummeted by 4.14%, as it lost $108,860 and landed at the $104,350 mark today. There was also an attempt to recover $105,480, but BTC failed to hold at that price level.
Today, Samson Mow tweeted: “Always buy the FakeDip,” addressing his followers on X and urging them not to get pessimistic with the Bitcoin price slide. According to analysts, a price dip is normal for Bitcoin one or two days before the interest rate decision is announced. However, there is another factor that is pushing the BTC price down: the military escalations in the Middle East that have been going since the end of last week. Seeing the economic uncertainty they are causing, investors are selling bonds, stocks and Bitcoin, fleeing into the traditional safe haven asset, gold.
Interest rate cut irresponsible now, macroeconomist says
While financial markets are awaiting the announcement of Federal Reserve Chairman Jerome Powell regarding interest rates at the scheduled FOMC meeting today, some experts believe that the U.S. Central Bank is unlikely to move the rates either way. Lower rates usually ensure a Bitcoin price increase.
Among them is Dr. Komal Sri-Kumar, a global macroeconomist and the president at Sri-Kumar Global Strategies. During his appearance on CNBC’s Squawk Box today, he stated that cutting interest rates would be “irresponsible” now since it is uncertain what impact Donald Trump’s trade tariffs will have on the U.S. economy and on the economy of the countries the tariffs are imposed on.
Once the tariffs take effect, the same measure will target U.S. imported goods, since Canada, the EU and China have also paused their tariffs so far. But they will take effect once the U.S. begins charging the draconian tariffs on their goods.