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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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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
Du Jun: The larger the issuance of stablecoins at this stage, the more it extracts from the crypto world.
On June 21, Du Jun posted on the X platform stating that the AI market is fierce, with funds continuously pouring into the US stock market. The trading volume of BTC ETF has accounted for 25% of the spot market, and with a few more ETFs, what the on-chain and crypto world fear is that only the functions of liquidation and warehouse transfer will remain. The trading volume on CEX in the first half of the year has slumped 40% compared to the second half of last year, and the on-chain TVL remains unchanged, with no activity at all. The essence of stablecoins at this stage is arbitrage and payment tools, not an engine for increasing liquidity; the larger the issuance, the stronger the extraction.