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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
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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
Usual and Sherlock launched a bug bounty, offering a reward of 16 million dollars.
According to a report by The Block on April 2, the decentralized stablecoin protocol Usual has partnered with blockchain security firm Sherlock to launch a bug bounty program, offering a reward of $16 million for finding critical vulnerabilities in its codebase. This bounty surpasses the previous amounts set by Uniswap(15.5 million), LayerZero Labs(15 million), and Wormhole(10 million).
The Usual codebase has undergone 20 audits, including the most recent Sherlock audit competition, with no medium or higher-level vulnerabilities found. Only vulnerabilities classified as critical are eligible for the highest rewards. Usual currently manages over $880 million in total locked value (TVL).
Sherlock CEO Jack Sanford stated that this collaboration aims to promote the integrity development of DeFi and enhance trust across the entire ecosystem.