#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
Analysis: The Movement Labs and Mantra events trigger reflection on the market-making mechanism in the crypto market.
Odaily News Movement Labs and Mantra events have sparked widespread attention in the crypto market regarding market-making mechanisms. Some executives from Movement Labs are accused of colluding with their market makers to sell $38 million worth of MOVE tokens in the open market. Meanwhile, the OM token of Mantra plummeted over 90% within a few hours at the end of April without any obvious unfavourable information, raising questions in the market about the token unlocking arrangements and the transparency of OTC Trading. Analysis suggests that these events expose the distorted impact of hidden contracts, undisclosed agreements, and OTC trading on token supply and price discovery mechanisms in the crypto market. Several market-making institutions are reevaluating the token risk underwriting process and are demanding greater transparency from project parties. Industry insiders point out that informal trading in the OTC market is disrupting token supply dynamics, increasing the difficulty for market makers to maintain liquidity. (CoinDesk)