#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
FIFA announced a partnership with Avalanche for the "Football Blockchain", AVAX token big pump 12%
FIFA announces a partnership with Avalanche to create its own Layer 1 blockchain, FIFA Blockchain, which aims to revolutionize the fan digital experience, marking a major upgrade to its Web3 strategy and potentially having a positive impact on AVAX. (Synopsis: FIFA launches free football chain game "FIFA Rivals" to be launched in the summer of 2025, which is expected to attract 100 million players into the circle) (Background supplement: 42 million car ownership on the chain AVAX) California Department of Vehicles embraces blockchain: 10,000 times more efficient) Football representative organization International Football Federation (FIFA) Following the initial exploration of NFTs in 2022 FIFA today (22) announced that it will cooperate with high-performance blockchain platform Avalanche (AVAX) to jointly create its exclusive Layer 1 blockchain, named "FIFA Blockchain", highlighting FIFA's determination to expand the Web3 field. It also indicates that large international organizations are beginning to think about how to use mature blockchain technology to revolutionize digital interaction with billions of fans around the world. This combination of sports and technology has attracted much attention. FIFA: Algorand public chain turned to Avalanche FIFA's layout in the Web3 field is not the first time, back to the eve of the 2022 World Cup in Qatar, FIFA has launched the official NFT collectibles platform "FIFA Collect" on the Algorand blockchain. However, in order to further deepen its Web3 strategy and improve the user experience, FIFA decided to migrate its existing NFT collectibles from Algorand. With the official announcement on May 22, 2025, FIFA confirmed the selection of Avalanche as its technology partner to build a proprietary Layer 1 network called "FIFA Blockchain" on top of it. The move marks a key turning point for FIFA in its Web3 roadmap. "FIFA Blockchain" will use Avalanche's unique Layer 1 technology, commonly referred to as subnet (Subnet), which allows organizations to create highly customized and self-contained blockchains with transaction fees that are not limited by the bandwidth of the mainnet, while taking advantage of the security and performance benefits of the Avalanche mainnet. FIFA's choice of Avalanche was reportedly key to its superior technical features: the Avalanche network is known for its high throughput, processing more than 6,500 transactions per second for (TPS), and transaction finalization time is only about 2 seconds, which is critical to the demand for large-scale fan interactions around the world. In addition, relatively low transaction fees also help to lower the threshold for user participation. The new "FIFA Blockchain" will be compatible with the Ethereum Virtual Machine (EVM), which means it can integrate seamlessly with popular decentralized wallets such as MetaMask and WalletConnect, greatly improving the convenience of users to access FIFA digital assets and NFT marketplaces. The recently completed Avalanche Avalanche 9000 upgrade, which aims to attract more developers and encourage the creation of custom L1 solutions, also provided a favorable technical backdrop for FIFA's decision. John Nahas, Chief Commercial Officer at Ava Labs, said, "Avalanche is designed to empower businesses and organizations looking for customizable, high-performance blockchain solutions. FIFA's decision is a testament to the speed, flexibility, and security of Avalanche technology in supporting applications on a global scale." Market reaction and AVAX prospects: heavy cooperation attracts attention After the announcement of such heavyweight cooperation, the AVAX token rose 12% in response, briefly breaking the $25 mark and temporarily closing at $24.7. Although the announcement of the cooperation between FIFA and Avalanche is scheduled for 2025, the specific details of its implementation and the market reaction after the launch of "FIFA Blockchain" remain to be seen, but referring to past cases of large institutions adopting specific blockchain technology, such cooperation often significantly boosts investor confidence and may lead to an increase in demand and price of related tokens. For example, in the blockchain industry, when a well-known company announces the integration or adoption of a blockchain solution, its native tokens (such as AVAX) often experience amplification of trading volume and positive price fluctuations in the short term. Therefore, it is widely expected that the addition of FIFA will have a positive catalytic effect on Avalanche's ecosystem activity and the long-term value of the AVAX token, attracting more attention and potential investment. Related reports "New Maple Valley N" landed on avalanche, and the AVAX game ecology will usher in a big leap? Altcoin beacon? Grayscale season 4 adds SUI, CRV, ADA, LPT, knocks out SNX, AVAX inscriptions and paralyzes Avalanche? AVAX's evening "block suspension" has been more than 2 hours "FIFA announces cooperation with Avalanche on "football blockchain", AVAX tokens soar 12%" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".