#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
Shengbao Bank: Employment data has not changed the prospect of a Fed rate cut two weeks later.
CoinVoice latest learned that Ole Hansen, the head of commodity strategy at Saxo Bank, said that the employment data did not "alter the prospect of a rate cut by the Federal Reserve two weeks later".
In addition, Bill Eigen, a bond expert at J.P. Morgan Asset Management, warned the market before the next Fed meeting that the Fed's room for interest rate cuts may not be as big as it imagines, and it is best for Central Banks around the world not to cut interest rates again in December. He added that this is because there are signs that the U.S. economy is beginning to rise again, including strong GDP rise, slightly higher-than-expected inflation data last month, and record stock prices.