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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
The CEO of the Analysis Company Predicts the Start Date of Altcoin Season!
The CEO of the crypto analysis company Alphractal, Joao Wedson, made striking statements about the altcoin season in a comprehensive assessment he shared through his social media account.
According to Wedson, movement has begun in the altcoin market and this trend could gain even more momentum in the coming months.
Wedson described June and July as the starting point of the altcoin season, considering this period as a "breakout from the accumulation zone."
The CEO, predicting that interest in altcoins will peak in August and September, described this period as a stage where Memecoin, GameFi, and DeFi projects will shine. Wedson, expecting Bitcoin dominance to drop rapidly, claimed that the altcoin rally will continue.
In a striking warning for October and November, Joao Wedson stated that many altcoins could reach all-time highs, but this period would also be a "distribution" phase.
Wedson stated that the altcoin season may have already started for some tokens and that the process could accelerate. The CEO argued that Bitcoin's impact on the market has diminished, mentioning that it is not preferred for daily transactions due to its technical limitations, and he used the following expressions:
"Today, the vast majority of crypto transactions are taking place over networks such as Ethereum, Tron, and BSC. The Bitcoin blockchain is now used very little in direct transactions, and this ratio has been declining since 2022."