#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
Elon Musk's xAI company seeks $4.3 billion in equity financing to support the development of the Grok chatbot.
On June 17, according to Bloomberg, informed investors revealed that Elon Musk's artificial intelligence company xAI is negotiating to raise $4.3 billion through equity financing. Most of the previously raised funds have been consumed, and the new funds will be used to support the ongoing development of its AI chatbot Grok.
xAI has recently attempted to raise $5 billion from debt investors for aggressive expansion.