#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
Paradigm submits amicus brief in support of Tornado Cash founder, emphasizing that convicting developers would threaten the industry.
[Chain News] On June 17, news reported that the venture capital firm Paradigm has submitted an amicus brief to the New York District Court in support of Tornado Cash co-founder Roman Storm, emphasizing the need to clearly explain the legal definition of "money transmission business" to the jury. Paradigm's Chief Legal Officer pointed out that if Storm is convicted, it would pose a serious threat to software development in the encryption and fintech sectors. The case is scheduled to go to trial on July 14.