#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
31 Bitcoin Core developers call to stay tuned to the use of the Bitcoin network
A joint statement from 31 Bitcoin Core developers asserts that they do not support the use of Bitcoin for non-financial purposes, but acknowledge the reality that this censorship-resistant network will be used in various ways. They emphasize that there is no authority to order users on what software they should run.
Controversial statement. CEO JAN3 criticized the development team for facilitating spam, while Jameson Lopp and many others defended the free software stance. Some developers like Luke Dashjr opposed the new transmission policy, arguing that it enables spam.