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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
Jeff Bezos denies Musk's claim that he told people to sell Tesla and SpaceX stocks
In a late-night post on Wednesday, the CEO of Tesla (TSLA) and SpaceX announced that Bezos had warned "everyone" to sell all of their stocks in his companies if Vice President Kamala Harris wins the 2024 presidential election. Musk made a big - seemingly successful - bet that President-elect Donald Trump would win, repeatedly claiming that the Harris administration would seek revenge on him. “Just learned tonight at Mar-a-Lago that Jeff Bezos told everyone that @realDonaldTrump will definitely lose, so they should sell all their Tesla and SpaceX stocks,” Musk wrote on X, the social media platform he owns, while adding an emoticon at the end. "No. 100% not true," Bezos said in a rare post on X. He only posted on this platform four times in 2024, including writing a message earlier this month to congratulate Trump on his victory and a statement after the first assassination attempt on the Republican presidential candidate at that time. This is the latest shot fired in the competition between two leading technology companies, who are the richest individuals and the second richest individuals in the world, according to Bloomberg's Billionaires Index. Musk's net worth reached $331 billion after Tesla's stock skyrocketed following Trump's victory, and his investments in xAI and SpaceX are believed to be eyeing significant value increases. Bezos has a net worth of $226 billion, mainly due to his stake in Amazon (AMZN). SpaceX by Musk is a dominant force in the aerospace industry, while Bezos' Blue Origin is building itself as a competitor. This week, NASA has asked both companies to develop cargo landing vehicles to transport equipment to the Moon as part of its Artemis missions. The two companies, along with United Launch Alliance, a joint venture between Boeing (BA) and Lockheed Martin (LMT), will compete for national security space mission contracts in the next five years. Blue Origin previously opposed a contract awarded by NASA to SpaceX and sought to limit SpaceX's Starship launches, while Amazon's Kuiper opposed the expansion of SpaceX's Starlink satellite network. In 2020, Musk called for the government to break up Amazon, complaining about its monopoly status.