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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
Galaxy Digital has reached a $200 million settlement with New York State regarding the LUNA promotion case.
According to Gate.io News bot, Axios reported that Galaxy Digital reached a $200 million settlement with the New York State Attorney General's Office over the LUNA promotion case.
The investigation shows that Galaxy Digital did not disclose its holdings and selling activities to the public during the promotion of LUNA, while earning huge profits from it. This settlement involves violations of the Martin Act and the Administrative Code.
According to the settlement terms, Galaxy Digital neither admits nor denies the related allegations. The compensation amount will be paid over three years, with the first installment of $40 million to be paid within two weeks.
Source: Axios