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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
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
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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
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
Exclusive for new Gate users:
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👉 https://www.gate.com/campaigns/1227
- #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
Manta Co-Creation: Market makers are the "bloodsucking moths" that don't pay attention to fundamentals, and the real liquidity should come from community trading
On March 10, Victor Ji, co-founder of Manta Network, posted on social media to criticize crypto market makers, calling them "blood-sucking moths". He said that the team receives daily invitations to buy and acquire from so-called active market makers and OTCs, but he believes that market makers "don't look at the fundamentals of the project at all" and only profit from the project community.
Victor Ji argues that if more and more money in the industry does not focus on fundamentals, the industry will collapse faster, and market makers are the group of people who are most blatantly ignorant of fundamentals. He emphasized that real liquidity should come from real community trading, reflecting the bullish and bearish sentiment of the natural market.
He also disclosed his early experience, saying that Manta's project Calamari provided more than 3% of the tokens to Three Arrows Capital for market making during the Polkadot ecosystem, but the other party then sold all the tokens. Victor Ji suggested that project parties should consider providing loans if they are concerned about insufficient liquidity, but the size should be limited to no more than 0.2% of the total number of tokens.