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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
Solana Mobile Launches New Token and Android Phone - Unchained
Solana Mobile is launching a native token alongside a new Android phone named Seeker in a bid to reshape the mobile ecosystem around Web3 principles — decentralization, user ownership, and incentivized participation.
The SKR token will serve as the native asset powering the Solana Mobile ecosystem. It will operate as a means to incentivize and reward both developers and users who contribute to the growth of the platform, while also giving stakeholders actual ownership of the platform.
The token launch coincides with the rollout of TEEPIN (trusted execution environment platform infrastructure network), a decentralized, three-layer architecture that underpins the new trustless mobile platform.
This story is an excerpt from the Unchained Daily newsletter
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The team envisions that SKR will be integral to that architecture, supporting secure, cryptographically validated interactions among users, devices, and developers.
“By leveraging secure hardware that already exists on modern smartphones and governing access onchain, we’re unlocking open innovation, platform ownership, and a decentralized future for mobile,” said Anatoly Yakovenko, co-founder and CEO of Solana Labs.