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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
Bitcoin Drops to $103K and Altcoins Tumble; CRO Defies Trend
The price of Bitcoin fell drastically to a multi-week low of $103,000 and is trading 1.59% low in the past 24 hours. Not only this, but altcoins such as SUI, LINK, DOGE, SOL, ADA, and more have also dropped
Contrasting this, the price of Cronos (CRO) surged by double digits and went opposite the market trend. On May 22, the price of Bitcoin touched $112,000 to mark a new all-time high; however, the price wasn’t able to hold the momentum. The market capitalization also went down in the last day by 1.11% and is at $2.06 trillion
After US President Trump announced plans to impose tariffs against the European Union, the next day, the price started to slump drastically. However, the tax imposition was delayed for over a month
The Loss of $200 Billion
On May 29, the price hovered at $109,000, and then it slumped to $105,000 . However, it recovered a little bit and stood at $106,000 yesterday. But, again, it fell to a 12-day low and hovered slightly over $103,000
The reason for the decline was attributed to Trump’s statement of violation of the trade agreement by China. The altcoins have witnessed significant losses in the last 24 hours. ETH is near breaking down $2,500 after a slump of a 4.5% drop
XRP dipped below $2.15, and at the same time, Dogecoin (DOGE), Solana (SOL), Cardano (ADA), Sui (SUI), Chainlink (LINK), and Avalanche (AVAX) have dipped over 9%. The altcoins having lower market capitalization, like ENA, INJ, VIRTUAL, and PEPE, dropped by double digits.
Cronos (CRO) went reverse stream and gained more than 17% in the last 24 hours and traded near $0.11. The overall crypto market witnessed a loss of $200 billion in the last two days and is now to $3.360 trillion
Highlighted Crypto News Today:
Raydium (RAY) Stabilizes at $2.60 Amid High Volume and Bullish Signals